Keeping up with the local real estate market in Palos Verdes during this pandemic is a stream of never-ending surprises. First, demand increased, then prices went up, not down as expected. New inventory is gobbled up by ever-increasing buyer demand as soon as new listings hit the market. Lastly, multiple offers have returned with a vengeance. What will happen next? Based on recent statistics, we’re in for an active autumn as sellers take advantage of the hot market, and buyers seek to purchase a house that meets the ever-changing demands of work and family life during the age of Covid-19.
There are currently 126 single-family homes for sale on the Palos Verdes Peninsula. 105 houses are in escrow with accepted offers, and 404 single-family residences have sold thus far in 2020.
More Palos Verdes Real Estate Snapshots for September 2020:
For more information about your neighborhood of choice or to find out the value of your property, contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com. I will respond to your request promptly.
Norma Toering, Broker/Owner
310.493.8333 or Norma@CharlemagneProperties.com