The luxury home real estate market in Palos Verdes for properties priced at $3,000,000 and up continues to favor buyers due to high inventory and moderate absorption.
There are 58 Palos Verdes luxury homes for sale. Seven PV luxury residences are in escrow with accepted offers, and 46 Palos Verdes luxury properties have sold thus far in 2019. The buyer pool for luxury homes is smaller due to the price. Consequently, days on the market exceed that of median price homes in the same neighborhood.
Seller tip: Patience, along with on-point pricing, is required for sellers of Palos Verdes luxury homes.
More Palos Verdes Real Estate Snapshots for September 2019:
Selling Palos Verdes Properties Since 1992
Norma Toering 310.493.8333 or Norma@CharlemagneProperties.com