One of my clients has a Palos Verdes luxury home in escrow. He is one of the fortunate, as there are 66 Palos Verdes luxury homes currently for sale. Eleven Palos Verdes high-end homes are in escrow with accepted offers, and 15 Palos Verdes homes priced over $3MM have sold year-to-date on the Palos Verdes Peninsula.
The Palos Verdes luxury home market remains in a neutral market favoring neither the seller nor the buyer.
The breakdown of 2017 Palos Verdes luxury home sales as of May 2017 by the city:
Palos Verdes Estates: 12
Rolling Hills: 2
Rancho Palos Verdes: 1
Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula: 0
2017 appears to be Palos Verdes Estates’ year to dominate luxury sales on the Palos Verdes Peninsula. Since the median price of a single-family home in PVE is approaching $2MM, it’s not unexpected to see many homes selling above the $3MM price range.
Questions about selling or buying a Palos Verdes luxury home? Call me, and I’ll be happy to answer your questions or assist you in finding the person who can.