Palos Verdes Market Observations -- Sellers are Aligning Price with Value

For the past couple of years price and value had a serious disconnect, but I'm beginning to see the two form a closer relationship.

It stings when assets drop in value, and since a home is many people's largest asset, the pain can be very intense as the dollars disappear. Denial is common. Anger usually follows, and finally months later acceptance appear. It's a process we all journey through after a significant loss.

Once acceptance arrives, sellers are ready to either remove their home from the market or move forward with the sale. Ahh, price and value are in balance, a sale is on the horizen and the real estate market is one step closer to recovery.

Balance is a beautiful thing.

Norma Toering RE/MAX Palos Verdes Realty 310-493-8333

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