Well, hello to a brand new decade! Will it be another “Roaring Twenties” with a rather disastrous ending? Who can say, but we can track the ups and downs of the local real estate market and do our best to time the buys and sales of our lives. It’s everyone’s goal to buy low and sell high, but life’s timing does not always permit a wait for the market attitude. The best time to buy or sell is when it makes sense for you and your family to make a move.
It may be winter, but the Palos Verdes real estate market is still generating plenty of heat as our seller’s market moves into 2020. The Big Story of low inventory continues to be the new normal; there are only 121 Palos Verdes single-family homes listed for sale on the entire Palos Verdes Peninsula. 65 PV homes are in escrow with accepted offers. The Little Yellow Slider for Palos Verdes single-family homes came in at 1.9 on a scale of 1-10. Even though prices have steadily increased since 2012, buyers are still actively shopping for a new home in Palos Verdes. Open houses are busy; it appears home buyers are not waiting for the spring market to arrive. However, house hunting in January is hardly a hardship in Southern California.
More Palos Verdes Real Estate Market Snapshots:
If you would like more information about a Palos Verdes neighborhood or price range, contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992
Norma Toering, Broker/Owner
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