The top real estate story for the Palos Verdes area continues to be one of low inventory. At the beginning of this month there were 77 Palos Verdes single-family homes list for sale, and 73 PV single-family homes were in escrow with accepted offers. New inventory is absorbed as soon as it hits the market. The limited supply continues to drive prices higher.
A quick glance at my Little Yellow Dot shows the market is a strong one for sellers. The competition for houses is keen and overbids are not unusual. A Rolling Hills property recently sold for more than a million dollars over asking price.
If you’re thinking of selling or buying real estate and would like some help with the process, call me, and together we will accomplish your real estate goals for 2021.
Norma Toering, Broker/Owner, 310.493.8333 or email Norma@CharlemagneProperties.com