The Palos Verdes Estates seller’s market is refusing to give up its long run even when threatened by a pandemic and concerning economic news. Compared to last month, housing inventory is down, and sales are up. Those factors moved my Little Yellow Dot market indicator deeper into a market favoring sellers.
August 2020 finds 48 Palos Verdes Estates single-family homes listed for sale. 37 PVE residences are in escrow with accepted offers, and 58 Palos Verdes Estates single-family properties have sold year-to-date. Last year at this time, 103 single family PVE houses were in the sold column, so even though the market is maintaining a healthy balance between inventory and sales, the total sales number is significantly lower than August 2019.
More Palos Verdes Real Estate Snapshots for August 2020:
If you would like more information about recent real estate activity in your neighborhood of choice, contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992
Norma Toering, Broker/Owner
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