Happy New Year! 2019 will be a test for the strength of the local real estate market. After several years of a market favoring sellers, the balance is shifting to a neutral market favoring neither the seller nor the buyer in most of the sub-markets on the Palos Verdes Peninsula. Will the market stabilize in the neutral zone, or will it continue to edge toward a full-blown buyer’s market? Time and economic conditions will tell.
There are 148 Palos Verdes single-family properties listed for sale. 34 PV homes are in escrow with accepted offers. 646 Palos Verdes single-family homes sold during 2018.
More Palos Verdes Real Estate Market Snapshots for January 2019:
View this post on Instagram
If you want or need more information about a Palos Verdes neighborhood, contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992