The City of Palos Verdes Estates has 60 single-family homes for sale, 16 residences are in escrow with accepted offers, and 14 Palos Verdes Estates single-family homes have sold thus far in 2019.
My Little Yellow Dot shows the Palos Verdes Estates real estate market for single family homes is edging toward a neutral market favoring neither the seller nor the buyer. The slight market weakening is due to increased inventory (that’s good) that has not yet been absorbed, but the spring buyers are out early this year, and I expect those new listings will inspire buyers to submit offers.
More Palos Verdes Real Estate Snapshots for March 2019:
The only Palos Verdes sub-market tipped strongly toward a buyer’s market is the luxury category for homes priced at $3,000,000 and up.
If you would like more information about real estate activity in your neighborhood contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.