It’s a sellers market so where are all the sellers?

By Keith KyleEast-Manhattan-Craftsman

One of the questions I’m frequently asked by home buyers is “if the market favors sellers so much, why aren’t more people selling their homes?”

That’s a great question and unfortunately I just don’t have a great answer. The theory (and hope if you represent buyers) in our area over the past 2 years is that if values go up high enough sellers will be compelled to list their houses.

The problem is we are there….and they’re still not putting their homes on the market.  We have exceeded peak prices in our higher end markets such as Manhattan Beach and Hermosa Beach, yet home inventory is almost non-existant.

I realize I’m going to sound like a realtor here, but home sellers…….NOW IS AN IDEAL TIME TO SELL!!!

4227 Pascal Place, Palos Verdes Peninsula – Exclusive Home Listing

This stunning Academy Hill home offers an inviting floor plan with open spaces bathed in natural light.   Unlike many homes in the area, all 4 bedrooms are on the second level allowing for large and open areas on the lower level.   Upon entering you are immediately welcomed by the openness created by the owners for family and social living.  The living room offers a beautiful updated fireplace for those cool winter evenings and is the perfect place to sit down and relax.  The remodeled kitchen features custom cabinetry, stainless Kitchen Aid appliances and gleaming granite counters perfect for entertaining.  If that’s not enough the kitchen opens to both the formal dining area as well as the family room and even offers beautiful city views.  The formal dining room has been updated with a more modern feel and is the perfect blend of formal and informal living an also enjoys big views.  The family room is the perfect gathering spot at the end of the day and has picture windows to allow plenty of light and access to the backyard and patio.  Summer days and warm winter nights can be enjoyed in the backyard and patio with ample privacy, tranquility and fantastic canyon and city views.  Contact us for more information or for a private showing.