June 2012

Found 2 blog entries for June 2012.

If you are in the Palos Verdes, the Hollywood Riviera or the surrounding hills that are behind it, as night starts to fall on days with clear visibility you can take in a breathtaking site of the entire Santa Monica Bay. The lights from the homes and buildings sparkle like the royal jewels on a "queen's necklace" giving the pristine view its name. For those with luxury homes in the area that can take in this view, it is a sight to behold. You can see from the lighthouse at San Vicente to the Santa Monica Pier. In a word, it is spectacular.

If you've ever struggled with what to do in Southern California, know that enchanting views like these offer peace and relaxation at the end of a busy day. They create an unbelievable backdrop for dinner parties,

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Multiple Offers"Wait, I thought this was a buyers market!" We've heard this a lot lately. If you're shopping for a home locally, you should know that real estate in the South Bay has been had a surprisingly high number of multiple offer situations lately. It seems like every other home has people competing for it. The basic law of supply and demand could be the culprit. Since the beginning of 2012, near 50% of all Manhattan Beach homes for sale have experienced more than one offer. We know of a property that recently had over 29 offers before it finally went under contract.

The fact is that home prices in the Beach Cities are still well below where they were 5 years ago. Although it's technically a "buyer's market," low inventory, relatively low prices and extremely

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