Saturday, October 8, 2016
Palos Verdes Luxury Home Market Report Oct. 2016
There's some pleasant news for Palos Verdes luxury homeowners, especially those who have their single family residence for sale, the high-end housing market in Palos Verdes picked up a little steam after languishing during the final months of summer. Supply is still outstripping demand and tipping the balance toward a buyers' market, but Palos Verdes luxury homes continue to sell.
Note the "Little Yellow Dot" on our market snapshot slider for Palos Verdes and the Beach Cities is moving toward the left, after a couple of month of sliding toward a market favoring buyers. The luxury home market in the Beach Cities remains vibrant, and the high-end home market in Palos Verdes is moving back into neutral territory with a more balanced market favoring neither sellers nor buyers.
Palos Verdes Luxury Home Report for October 2016:
There are 55 Palos Verdes luxury homes priced at or above $3,000,000.
13 Palos Verdes luxury residences are in escrow with accepted offers.
43 Luxury homes in Palos Verdes priced above $3,000,000 sold year-to-date.
For more information about Palos Verdes luxury homes contact Norma@CharlemagneProperties.com or call me at 310.493.8333. It will be my please to represent you in the sale of your property or assist you in finding the perfect Palos Verdes luxury residence for you.