It’s easy to understand why the Palos Verdes Peninsula is considered one of the most desirable areas to reside in Los Angeles County. The coastal location, the open spaces, and high ranking schools all contribute, but for me, it was the natural beauty of the area.
While the current seller’s market rages onward, and prices continue to rise, more and more Palos Verdes homes are falling into the luxury category with prices beyond $3,000,000. The pandemic with its work from home mandate escalated the need for more space. With theaters and other sources of entertainment, closed home entertainment became the norm. As the world around us changed, the desirability of living in Palos Verdes grew. This is reflected by the number of PV luxury homes (89) sold during the past year.
There are 48 Palos Verdes luxury homes for sale. Thirteen PV luxury residences priced above $3M are in escrow with accepted offers.
If you’re considering selling your Palos Verdes luxury home, the present market conditions mark this as one of the strongest seller’s market since I began my real estate career nearly 30 years ago. Don’t hesitate to contact me if you would like some help preparing and marketing your Palos Verdes home.
Norma Toering, Broker/Owner, DRE 01147470
310.493.8333 or email Norma@CharlemagneProperties.com