Palos Verdes CA Real Estate Market Update--December 2016

The Palos Verdes housing market is ending the year still entrenched in a sellers" market. Inventory remains low and demand is strong. At the current rate of absorption, and without additional new inventory to replace the sold properties, there is less than a two-month supply of homes for sale in Palos Verdes.

There are currently 166 single family homes for sale.  91 properties are in escrow with accepted offers, and year-to-date 641 Palos Verdes single family homes have sold.

 

 

A video posted by Norma Toering (@normatoering) on Dec 6, 2016 at 11:04am PST

Thank for your 2016 readership, your business, and referrals.  I wish you and your family a happy holiday season and a prosperous 2017. Please keep me in mind if you have real estate questions or needs in the New Year. Let's work together to make 2017 a fabulous year for your real estate portfolio.

Palos Verdes Housing Market - The Wrap Up

Palos Verdes Market Update

If you're wondering how the Palos Verdes real estate market is wrapping up 2014 here's a snapshot of how the year is shaping up, and predictions for the local real estate market in 2015.

In a nutshell, recent gains and slower growth in value make it a great time to sell.  Interest rate are predicted to rise the second half of 2015, per several noted economic reports, so there's still time to buy before rates begin their inevitable rise.

We are here to help you with all your Palos Verdes real estate needs.

- Norma Toering, Broker-Owner of Charlemagne Int'l Properties
(310) 493-8333 or ToeringandTeam@gmail.com