Thinking of selling or buying in 2018? It's not too late to catch the wave! I'm sipping a tall glass of iced sun tea as I write this on a hot and humid Saturday morning. July's heat is more than making up for our cooler than usual June! Does weather affect the Palos Verdes real estate market? Yes, but not nearly as much as in other parts of the U.S. Once in a while I will have a showing cancellation due to extreme heat, but those are rare. Many homes have air conditioning or ocean breezes--sometimes both, making touring houses comfortable except on triple-digit heat days. Rancho Palos Verdes real estate market seems to be tolerating the heat wave just fine. Once again it remains the "hottest" real estate market on the Hill, beating out Palos Verdes Estates by a small margin. There are 100 single family homes [...]
The market for single-family homes in Palos Verdes Estates remains in a robust seller's market. There are 62 Palos Verdes Estates single family homes for sale. 29 PVE residences are in escrow with accepted offers, and 93 Palos Verdes Estates houses have sold year-to-date. The overall single-family home market on the Palos Verdes Peninsula has slowed slightly due to increased inventory and slowed absorption. In April 2018 MLS records show there were 147 single family homes listed for sale. My July stats reveal we now have 219 active listings for single-family houses on the entire Palos Verdes Peninsula. The market still favors sellers, but due to the increased inventory, buyers have more choices. Likewise, due to the slower absorption rate, buyers have more negotiating power as the market edges toward a neutral and balanced market favoring neither the seller nor the buyer. Due to the higher price point of homes [...]
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Hot weather, firecrackers and sky-high temperatures have not taken the sizzle out of the local Palos Verdes real estate market. Although inventory is up slightly with 219 single family homes for sale, the market is firmly embedded in a still strong seller's market. 87 Palos Verdes single family homes are in escrow with accepted offers, and 342 residences have sold year-to-date in Palos Verdes. Palos Verdes real estate snapshots by the city: Palos Verdes luxury home snapshot ($3mm+): Both the luxury market and Rolling Hills have increased inventory and sluggish sales. This imbalance moved those markets into a strong buyer's market. Palos Verdes Real Estate Report July 2018 #palosverdes #realestate #charlemagneinternationalproperties #normatoeringrealestatebroker #whatsmyhouseworth #sellmyhouse A post shared by Norma Toering l Real Estate (@normatoering) on Jul 10, 2018 at 3:53pm PDT Selling Palos Verdes Properties Since 1992
New Construction Homes in Rolling Hills Estates There are 16 Rolling Hills Estates and Palos Verdes Peninsula (unincorporated area of PV) single-family homes for sale. Seven RHE and PVP single-family properties are in escrow with accepted offers. 20 Rolling Hills Estates and Palos Verdes Peninsula single-family residences have sold year-to-date. There was a slight increase in inventory from the April stats, thus moving The Yellow Dot to a more lukewarm seller's market. However, inventory is still low RHE and the PVP areas of the Palos Verdes Peninsula. Market snapshots for real estate markets on the Palos Verdes Peninsula: If you're considering selling or buying a home in Palos Verdes, it would be my pleasure to provide valuable ($$$) information about the neighborhoods of interest. "Buy Wise and Sell Smart" are my taglines for a reason. :) Palos Verdes Homes Market Report May 2018. #palosverdes #realestate [...]
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Seller Tip: Put your Palos Verdes luxury home on a diet when it's time to sell! Remove the excess furniture and personal belongings. Thin out the overstuffed closets, reduce countertop clutter, and make sure the traffic flow is not obstructed with furniture. Less is more when it comes to selling an occupied Palos Verdes residence. Check the lighting and make sure all lights are functioning. You should consider adding soft white or even pink bulbs to bathrooms and bedroom lights. The right lighting sets the mood for great professional photos and enhances the appeal during property tours. When it's time to move from being a homeowner to a home seller, I can help you set the stage for a successful sale. Book your one-hour free consultation today. Selling Palos Verdes Properties Since 1992
Is now a good time to sell my Palos Verdes home? I'll let the numbers do the talking. :) You be the judge and let me know what you conclude. Palos Verdes market snapshots for April 2018: During a recent conversation with a mortgage broker who was purchasing one of my listings, he commented he was advising "everyone" to sell now. Inventory is low; prices have more than recovered from the recession a decade ago. I will add real estate tends to rise and fall on a ten-year cycle. Hmm, the market is always speaking to us. The statistical numbers show it's a great time to be a seller in this Palos Verdes real estate market. Buyers, don't despair, instead, consider the value of owning property in one of the most desirable locations in the South Bay of Los Angeles. The coastal location and stellar schools, both public and [...]
The median price of a Palos Verdes Estates single-family home is $1,930,500 per one of the leading real estate sites. The median price for single-family homes on the entire Palos Verdes Peninsula is around $1,500,000. Only Rolling Hills has a higher median price ($3,161,100) than PVE. 51 Palos Verdes Estates single-family homes are for sale, and 36 of those properties are priced over $2,000,000. 19 Palos Verdes Estates homes are in escrow with accepted offers. 41 Palos Verdes Estates residences have sold year-to-date. Palos Verdes market snapshots for April 2018: Palos Verdes Real Estate Update April 2018 #charlemagneinternationalproperties #normatoeringrealestatebroker #realestate #palosverdes #selling #buying A post shared by Norma Toering l Real Estate (@normatoering) on Apr 10, 2018 at 10:59am PDT For more information about a neighborhood or individual property contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.
Welcome to a home on Williamsburg Lane in Rolling Hills The Rolling Hills real estate market is in a neutral zone favoring neither the seller nor the buyer. A neutral market offers equal negotiating power to both parties. Unlike a strong seller's market with limited inventory, a balanced neutral real estate market offers more choices to prospective buyers and more competition for sellers. The higher price point of Rolling Hills properties impacts the speed of absorption. The pool of prospective buyers for luxury homes is smaller than that of people shopping for an entry-level home in the million dollar range. There are currently only three homes priced under $2,000,000 for sale in Rolling Hills. Here are snapshots of other sub-markets on the Palos Verdes Peninsula: There are currently 24 Rolling Hill properties for sale. Five RH homes are in escrow with accepted offers, and nine Rolling [...]
The supply of single-family homes for sale in Rolling Hills Estates is lagging behind demand. Once again, RHE has nearly as many homes in escrow with accepted offers as there are single-family residences for sale. These statistics compute to a very hot seller's market in Rolling Hills Estates, CA. There are currently 12 single-family properties for sale in Rolling Hills Estates. 11 RHE homes are in escrow with accepted offers. 16 Rolling Hills Estates single-family homes have sold YTD. Here's a quick snapshot of other real estates markets on the Palos Verdes Peninsula: Palos Verdes Real Estate Update April 2018 #charlemagneinternationalproperties #normatoeringrealestatebroker #realestate #palosverdes #selling #buying A post shared by Norma Toering l Real Estate (@normatoering) on Apr 10, 2018 at 10:59am PDT For more information on a particular neighborhood or an individual Palos Verdes property contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com Selling Palos Verdes Properties Since [...]
There are 24 single-family residences for sale in the gated City of Rolling Hills, California. Four Rolling Hills properties are in escrow with accepted offers. Five Rolling Hills single-family homes have sold YTD in 2018. The Rolling Hills real estate statistics reveal the market currently favors neither the seller nor the buyer and is a neutral market at this time. Whether you're a seller or buyer, this statistic is important when negotiating the sale or purchase of a property. Palos Verdes Peninsula Real Estate Update for March 2018 by Norma Toering #charlemagneinternationalproperties #normatoeringrealestatebroker #realestate #palosverdes #sellmyhouse #pvhomes A post shared by Norma Toering l Real Estate (@normatoering) on Mar 20, 2018 at 11:28am PDT For more information regarding selling or buying a home in Rolling Hills, CA contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com. Let me put my superior market knowledge to work for you!