There are a few glimmers of sunshine breaking through the clouds hovering over the housing market. On the national front the interest rates are crazy low and prices are more affordable. However, my focus is local and this is what I have to report from a weekend in the field, or perhaps I should say a weekend on the coast:
A developer contacted me regarding my $7.7M raw land listing on the Colorado River. Yes that's right, a developer, and a good sign the sleeping giant of construction is rousing from months of hibernation and looking for potential projects. 
I had 35 groups (over 60 people) at my weekend open house. I have to go back to 2006 to top that attendance number.
On Friday I had a sign call from a prospective buyer before the sign company finished installing the for sale sign at my new listing.
A 1st time buyer submitted an offer on Friday, and I sent off the repair request for a 1st time investor before 7:00am this morning.
I showed property to two buyers on Saturday and a third buyer was unable to see the house she wanted to view.
The local real estate forecast is not entirely sunny; Palos Verdes properties priced over $2M are experiencing a raging buyer's market. So if you've always dreamed of living along the gorgeous coast of the Palos Verdes Peninsula your dream is on sale.
How's the market is a common question these days, and my response is, "It's partly sunny." Opportunity is not everywhere, but the sun is definitely shinning on some segments and areas of the real estate market. With education and guidance the savvy buyer and wise seller can outperform the overall market.
More blogs about a real estate agent's life from Norma.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
Palos Verdes Homes for Sale Blog - Palos Verdes Property Website
Palos Verdes Houses for Sale Search - More information on Palos Verdes
Subscribe via ActiveRain - Subscribe via Email - Start your own blog on activerain!
Rancho Palos Verdes Horse Property Blog - View Homes for Sale in Palos Verdes Estates Blog -
Palos Verdes Neighborhood Market Reports - Moving to Palos Verdes -
Needles RV Park, Motel and Land for Sale - Coachella Valley Equestrian Luxury Estate Lots for Sale
Comments(5)