Yesterday, I walked along the bluffs at Trump National Golf Course with my daughter. We use our weekend walk as a touch base opportunity and also as a planning session for the upcoming week. She mentioned back-to-school shopping would dominate her week. Yikes, yes, it is already that time of year!
The real estate market often takes a “rest” during the dog days of summer as people cram in last minute vacations, school shopping and various end of summer activities. Let’s check in on the local Palos Verdes real estate market for a review of market activity as the summer market prepares to shift into autumn mode.
Palos Verdes Real Estate market report for August 2016:
Active Listings: There are currently 235 single family homes for sale on the Palos Verdes Peninsula.
Pending Sales: 97 Palos Verdes single family homes are in escrow with accepted offers.
July Sales: 68 Single family homes sold in Palos Verdes during July 2016.
Year-To-Date: As of August 8, 438 single family Palos Verdes properties have sold in 2016.
Those numbers indicate we still have a strong real estate market as we ease into the final days of summer. With interest rate discussions, elections and an aging sellers’ market, it will be interesting to watch what the impact will be on the local real estate market.
If you would like to know the value (and how to maximize it) of your Palos Verdes home, book your free consultation with Charlemagne Int’l Properties today.