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 Single Family Home Market Report for May 2017

Palos Verdes single family homes inventory slipped below 200 during April 2017.  There are currently 195 single family homes for sale on the entire Palos Verdes Peninsula.  123 Palos Verdes homes are in escrow with accepted offers, and 184 single family Palos Verdes homes sold year-to-date as of May 3, 2017.

These numbers tell us several things:  First, the single family home market in Palos Verdes remains a very strong sellers' market. Next, the high number of homes in escrow (123) prove buyers are not intimidated by the higher prices and perhaps the lack of inventory is nudging them into buying now rather than later. The number of homes sold year-to-date indicates Palos Verdes is on track to have a healthy real estate market during 2017.

For details about your neighborhood's real estate activity and how it measures up to performance in other Palos Verdes areas, contact me and I'll send you information specific to your neighborhood.

When Is the Best Time of Year to Sell My Palos Verdes House?

 

Seller's Tip: No Need to Wait for Spring to List Your Home, This is Southern California!

 

 

 

Leave the winter mindset behind, after all, this is Southern California.  The freezing temperatures and snowy slopes are tucked away in the mountain resorts, and our coastal area is enjoying some very balmy Los Angeles days of 70+ degrees.  January or June, it does not really matter when you elect to place your property on the market in Southern California.





The timing of your sale is all about you, your schedule, your plans, and needs.  One of the advantages of living in Southern California is your decision to list and sell does not have to be based on the weather or the calendar.  Photos rarely reveal the season, buyers search for homes all year and the worst weather we have to contend with is a rainy day now and then. Although we would love to have a few more days and weeks of wet weather to end the prolonged drought.

One condition you may want to check before you list your property for sale is the local real estate climate.  Market conditions will have a far greater impact on the sale of your property than local weather conditions.







For more information on the local real estate market in your neighborhood contact me at 310.493.8333 and I will provide a free market update tailored to your specific property.

Palos Verdes Homes with Pools

Memorial Day weekend is in the past and summer vacation is upon us. It's the time of year when many buyers begin to think about purchasing a home with a pool.   Many homes in Palos Verdes do have pools, and if that's an amenity on your "Must Have" list we can help you find the best home with a pool for you and your budget.

 

 Check out the maps below and if a particular property catches your attention we will happily arrange a showing, plus provide you with additional details about the property and the neighborhood.

• Norma Toering - Broker at Charlemagne Intl Properties
• 310-493-8333

We'd be honored to be your agent when time to sell your Palos Verdes luxury home.