The Palos Verdes Estates single-family real estate market returned to a seller’s market this month. There are 39 single-family homes for sale in PVE, 16 are in escrow, and three Palos Verdes Estates homes sold thus far in 2019.
Palos Verdes single family homes inventory is hovering around 150 homes for sale. Last year the number was closer to 200 single family homes for sale at any given time. The lower supply of homes and the continued demand by buyers creates a market tipped toward sellers. Perhaps there will be an uptick in listings as the spring market nears, but for now, the PVE real estate market shows no signs of flipping into a market favoring buyers.
More Palos Verdes Real Estate Snapshots for February 2019:
If you’re considering selling your Palos Verdes Estates home, the market will welcome a new listing with open arms. Is it time for us to discuss your options?
Selling Palos Verdes Properties Since 1992