Thursday, February 16, 2017
Palos Verdes Single Family Home Report for February 2017
There are currently two, yes two, single family homes for sale in Palos Verdes priced below $1MM. Both properties are located in the Eastview neighborhood of Rancho Palos Verdes. On the other hand, there are seven single family homes priced over $10MM currently for sale on the Palos Verdes Peninsula. Five $10MM plus residences are located in Palos Verdes Estates, one is in Rolling Hills, and the other is located in Rancho Palos Verdes.
Our inventory is up slightly from last month but the demand by buyers who aspire to live in Palos Verdes still outstrips supply. Spring 2017 appears to be a good time to sell Palos Verdes property as interest rates are still low, historically speaking, and the value of Southern California coastal property continues to skyrocket.
February Update for Single Family Homes in Palos Verdes:
Active: There are currently 138 single family residences for sale on the Palos Verdes Peninsula.
Pending Sales: 70 Palos Verdes properties are in escrow with accepted offers.
Sales Year-To-Date: 60 Palos Verdes single family homes transferred ownership since January 1, 2017. Congratulations to all the new homeowners!
For more information about selling or buying property on the Palos Verdes Peninsula, contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.