The single-family residential real estate market on the Palos Verdes Peninsula continues to maintain its firm grasp on a seller’s market, even with a slight growth in inventory since last month’s report. Demand continues to keep the supply in check.
Timing plays a vital role in real estate, and this is the time of year buyers yearn to make a move to their neighborhood of choice. Fortunately, Palos Verdes buyers have a few more options with the increased supply, and sellers usually have more showings during the spring and summer months. However, a well-appointed and well-priced home will attract buyers no matter the season.
May 2018 market snapshots for Palos Verdes single-family homes:
175 Palos Verdes single family homes are for sale.
100 Palos Verdes single family homes are in escrow with accepted offers.
197 Palos Verdes single family residences have sold year-to-date.
Most Palos Verdes real estate markets are in a seller’s market with the exceptions of Rolling Hills and the luxury home market ($3,000,000 and up). Those markets in a balanced market favoring neither the seller nor the buyer.
Selling Palos Verdes Properties Since 1992