It’s no secret the supply of available homes for sale on the Palos Verdes Peninsula is limited and buyer demand is high. The January statistics are in, and they reflect more of the same–low inventory and high demand from buyers ready to purchase a Palos Verdes home. Such has been the case for the past several years, and the trend shows no evidence of disappearing anytime soon.
Sellers, with the increase in prices and limited competition in the marketplace, now is an excellent time to consider selling your Palos Verdes property.
Here’s how the Palos Verdes housing market ended the month of January 2016:
31 Palos Verdes single family homes sold during January.
71 Palos Verdes single family homes are in escrow with accepted offers.
154 Palos Verdes single family homes are listed for sale as of February 3, 2016.
At the current rate of absorption, there is approximately a two-month supply of homes for sale. Given these statistics, the spring market will need an infusion of new listings to keep up with demand.
Need an agent to help you with the preparation and sale of your Palos Verdes residence? Josh and I would be honored to help you achieve your real estate goals.