Thankfully you say? Yup!
Well, it finally happened… Two of the three Beach Cities have dropped in value from last year. But which ones did?
Stay tuned to the end & see … PLUS I’ll share a Housing Investment Life Hack! (YES! #LifeHack)
BTW…THE SLIDES TO THIS REPORT ARE DOWN BELOW… SCROLL LIKE A BOSS!
Welcome to Daryl’s South Bay Real Estate Update where I’m going to show you what’s been happening so far in the Beach Cities real estate market in the South Bay Los Angeles from January through April 2023.
You know… Manhattan Beach, Hermosa Beach and Redondo Beach.
Hold onto your flip flops!
****This is the point where you’ll watch the video for the actual numbers. (wink)
Or if you’re a reader & not a watcher… Scroll down to see all the slides in the report
It’s a super fast look at what’s been happening…. interestingly …25% of the Homes are selling super fast, like in 10 days or less and there’s still a shortage of inventory that’s making active buyers go nuts.
It’s like trying to find a needle in a haystack, but without the fun of finding a sharp object.
But fear not!!!! Mortgage interest rates are starting to come down a little, so that’s something to cheer about. Yaaaay.
And if we do hit a recession, well, let’s just hope the feds do their thing and start to lower short term rates ….which will help us all.
We’re going to have to watch & see what happens.
Let me know your thoughts about this update in the comments below or reply back.
And share this with an enemy … or friend …who might be interested in this kind of thing.
Remember, when life gives you lemons, sell them for a down payment on a house.
Daryl Palmer Real Real Estatetist