Palos Verdes Estates Luxury Home Photo by Norma Toering This luxury home report reflects the current conditions of the Palos Verdes luxury home real estate market. As my "Little Yellow Dot" indicates, there are markets within markets. The luxury market is a sub-market of the overall Palos Verdes single family home real estate market. However, the temperatures of the markets differ based on price, inventory, and number of days on the market. Luxury properties tend to remain on the market longer because the pool of qualified buyers is smaller, and as is the case now, supply exceeds demand. There are 45 Palos Verdes luxury homes for sale priced at or above $3,000,000. There are four PV luxury properties in escrow with accepted offers. Six Palos Verdes luxury homes have sold YTD. The Palos Verdes luxury home market is currently experiencing a strong buyer's market. The Palos Verdes real [...]
If you are a Palos Verdes Estates resident or hope to be in the near future, here is a snapshot of the real estate market for Palos Verdes Estates: There are currently 31 single family homes for sale in Palos Verdes Estates. 14 PVE single-family homes are in escrow with accepted offers. 20 Single-family Palos Verdes Estates homes sold YTD in 2018. These numbers indicate the real estate market in Palos Verdes Estates remains in a strong seller's market. The median price for single-family homes sales in PVE is just over $2,000,000, and the median price per sq. ft. is $796. Palos Verdes Real Estate Market Update Feb 2018. #normatoeringrealestatebroker #palosverdes #charlemagneinternationalproperties #clicktowakemeup 😴 A post shared by Norma Toering l Real Estate (@normatoering) on Feb 6, 2018 at 11:07am PST For more information about buying or selling a Palos Verdes Estates home contact Norma@CharlemagneProperties.com or 310.493.8333.
Charlemagne Int'l Properties represented the Seller of this staged luxury home. Is your home for sale? If so, it is one of only 110 Palos Verdes single family homes for sale on the entire Palos Verdes Peninsula. Yes, inventory continues to be low as we begin the second month of 2018. I have buyers who are patiently waiting (well, maybe not so patiently as the weeks turn into months, and for some, months into years) for "their" Palos Verdes home to come on the market. They have their financial/loan requirements met, they know the neighborhoods they want, but alas, they have to stand on the sideline until the right house comes on the market. There are currently 72 Palos Verdes single family homes in escrow with accepted offers. 44 Palos Verdes single family homes have sold thus far in 2018. Palos Verdes Real Estate Market Update [...]
Fall is here! My morning walk required a sweater for the brisk 58-degree day. After the languid last days of summer, I think the real estate market is ready to perk up and make the most of the final quarter of 2017. I bumped into an agent who has been in the business longer than I have, and she said, "This has been the quietest summer I can remember." Yes, although I was busy and productive with listings and sales, the market took a bit of a breather during the summer months of 2017. Inventory remains tight with only 183 single family homes listed for sale. 89 Palos Verdes single family homes are in escrow with accepted offers, and 553 PV single family have sold year-to-date. The luxury market indicator shows a slow movement back to a neutral market after spending most of the summer in a market favoring [...]
The single family housing market in Palos Verdes remains healthy, active, and still favoring sellers. There are 212 single family homes for sale on the entire Palos Verdes Peninsula. 94 homes are in escrow with accepted offers, and 77 Palos Verdes single family homes sold during July 2017. 426 PV single family homes have sold YTD 2017. Given the above statistics, the inventory is still low, and the absorption rate is high. If you're considering selling a Palos Verdes property, the market will welcome the increased inventory. The one area of the Palos Verdes real estate market favoring buyers is the luxury segment of homes priced at or above $3,000,000. Rancho Palos Verdes high-end home listed by Charlemagne Int'l Properties. For more information regarding selling or buying a Palos Verdes property contact Norma Toering at 310.493.8333 for a market analysis of your property. I also offer a free, one-hour [...]
"The Hill" 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. Caught me [...]
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 [...]
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2129 Thorley Rd., PVE for sale $3,289,000. Call Norma for more details. There are currently 57 Palos Verdes luxury homes priced at or above $3MM for sale on the Palos Verdes Peninsula. The most expensive home currently for sale in the city/area is below: Palos Verdes Estates: $26,680,000 Rolling Hills: $48MM Rancho Palos Verdes: $10MM Palos Verdes Peninsula (the unincorporated areas): $3,480,000 Rolling Hills Estates: No homes priced over $3MM are currently for sale 2129 Thorley Rd., Palos Verdes Estates. Call Norma for more info. Ten Palos Verdes luxury homes are currently in escrow with accepted offers. Ten luxury residences sold in Palos Verdes year-to-date. Lower Lunada Bay home for sale. Call Norma Toering for more info. 310.493.8333 For more information regarding buying or selling a luxury home on the Palos Verdes Peninsula contact Norma@CharlemagneProperties.com or call 310.493.8333.
There is no question some of the best Palos Verdes homes for sale sport a hefty price tag. There are currently 54 Palos Verdes luxury homes for sale priced at or above $3,000,000. Here's the location breakdown by the city: Palos Verdes Estates: 23 Rancho Palos Verdes: 16 Rolling Hills: 13 Rolling Hills Estates: 1 Palos Verdes Peninsula (unincorporated areas): 1 Since there are 147 single family residences for sale on the entire Palos Verdes Peninsula, luxury homes now comprise approximately one-third of the single-family homes for sale. Ten Palos Verdes luxury homes are in escrow with accepted offers. At the current rate of absorption, we have a six-month supply of luxury homes for sale. These supply and demand numbers place the luxury market in a neutral market favoring neither the seller nor the buyer. Eight Palos Verdes high-end luxury properties have sold 2017 year-to-date. For more information about luxury homes [...]
Up, up, and away we go on our 2017 real estate ride! "Everything is up in the air for 2017." Those were the opening remarks of Leslie Appleton-Young, an economist with the California Association of Realtors, when she addressed the Palos Verdes Board of Realtors breakfast meeting January 5, 2017. She touched on several key factors that will impact housing during the upcoming year. Affordability: Home prices are high in California and pricing many buyers out of the market. Residents are leaving the State due to the high cost of housing (and the long commute if they purchase affordable homes in neighboring counties). More parents are helping (or buying) homes for their children. This is particularly the case in the high-priced coastal regions such as Palos Verdes. Time's impact on real estate values Appreciation: 5-6% for 2016 and expected to be similar for [...]