The increase in listings and the reduction in absorption rate slowed the Palos Verdes luxury market for homes priced at or above $3,000,000.
There are currently 66 Palos Verdes luxury residences for sale (ten more than last month). Nine luxury properties are in escrow with accepted offers compared to thirteen last month, and 27 single-family luxury homes have sold thus far in 2019.
More Palos Verdes Real Estate Snapshots for June 2019:
A glance at my Little Yellow Dots reveals the overall Palos Verdes real estate market is still robust, and most submarkets continue to favor sellers. However, buyers need not despair as due to the increase in inventory they have more choices and more negotiating power.
Need help in preparing your Palos Verdes property for sale, or finding the right Palos Verdes property to purchase? Contact me at 310.493.8333 or Norma@CharlemagneProperties.com, and let’s get started on your next real estate goal.
Selling Palos Verdes Properties Since 1992