Palos Verdes,CA Real Estate Market Report July 2017

Who needs fireworks when there are views like this one?

I hope everyone enjoyed the 4th of July holiday.

We have reached the midway point of 2017, and although the single family home real estate market in Palos Verdes remains a strong sellers' market, the luxury home market experienced a cooling trend during the second quarter of 2017. The luxury market of homes priced at $3,000,000 and up slide into a strong buyers' market.

There are 227 single family homes for sale in Palos Verdes.  109 Palos Verdes homes are in escrow with accepted offers.  343 Palos Verdes single family homes have sold Y-T-D.  Inventory is showing a slight increase and demand remains high keeping the overall single-family home market in a sellers' market.

Rancho Palos Verdes remodeled and expanded home for sale--$2,695,000. Represented by Charlemagne Int'l Properties. Call 310.493.8333 for details.

Palos Verdes CA Single Family Homes Market Report March 2017

Palos Verdes homes in Rancho Palos Verdes

Winter's chilly temperatures may still be with us, but the Palos Verdes single family home market is already heating up as spring approaches.  My "Yellow Slider" market indicator moved a couple of notches back toward a stronger sellers' market as we rolled into March 2017. However, the market index for the Palos Verdes luxury home market slipped deeper into the neutral zone.

However, single family inventory increased slightly (up from 131 homes to 147), and that's good news for spring buyers.

Coastal Homes in Palos Verdes CA

Here are the current statistics for the Palos Verdes Peninsula single family homes market:

147 Single Family Palos Verdes Homes are currently for sale.

85 Palos Verdes residences are in escrow with accepted offers.

76 Palos Verdes Single Family properties have closed escrow year-to-date 2017.

Seller Tip:  It appears the spring market will arrive early this year. Given the anticipated increase in interest rates, buyers are eager to lock in the lowest rate possible sooner rather than later. Make sure your property shows at its very best to ensure it competes well with other homes trying to win the hearts of buyers (and their offers) in your neighborhood.

There are many steps involved in selling a home.

Buyer Tip:  Make sure your lender letter is a pre-approval, not just a pre-qualification. A pre-approval letter will strengthen your offer and should be presented with your offer to purchase a property. It lets the seller know you are a qualified buyer and can close the sale, and that's likely a seller's top concern.

For more information about selling and buying a home on the Palos Verdes Peninsula contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com

Palos Verdes Coastal Homes with Panoramic Views

Who doesn't enjoy a drive along the coast with great views, sea breezes caressing the skin and the nostril tingling scent of ocean air? The Amalfi Coast of Italy is a memorable drive with dramatic coastal views around every clifftop curve. Pacific Coast Highway offers some breathtaking views as it snakes its way along the California coastline. The rocky coastline of Maine is another favorite view-filled drive dotted with magnificent ocean views and eye-catching coastal homes. Ahh, but a drive along the coastline and through the hills of Palos Verdes offers a variety of world class views, ocean front estates and hilltop villas with panoramic views.

If you are shopping for an unforgettable view of your own, come to Palos Verdes, CA. The Palos Verdes Peninsula is gifted with miles of coastline as the flat land of the Beach Cities (Redondo, Hermosa and Manhattan) gives way to the hills, cliffs and rocky coastline of Palos Verdes.

If you want an ocean front home, you can find it in Palos Verdes. If you want a gated estate with a panoramic view, we have that too. Whether you prefer the security of a gated community, an enclave of similar high-end homes or a low profile equestrian estate hidden amid the hills and canyons of the gated city of Rolling Hills, they are all waiting for you on the Palos Verdes Peninsula.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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. Information is deemed reliable but not guaranteed.

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