Let me acknowledge the world is experiencing events I never expected to see in my lifetime. The stock market is reeling and reacting to the latest news daily. I’m focused on remaining calm and relying on my common sense as I consider the ramifications the coronavirus will have on the real estate market as well as on my clients. Whatever the effect may be, we can take precautions to lessen the likelihood of spreading the virus. It’s not a time for business as usual, but a time to make sure we observe the recommended preventive measures. As always, the financial health of my clients is my top concern, and now I can add your physical safety is of equal importance.
On the day I pulled statistics for this month’s real estate snapshot, there were 142 single-family homes for sale on the Palos Verdes Peninsula. Eighty-two single-family residences are in escrow with accepted offers, and 76 Palos Verdes homes have sold year to date.
A glance at my Little Yellow Dots reveals the overall Palos Verdes real estate market remains strong. However, I expect listings and showing to decline while sellers and buyers adopt a wait and see policy. Keep in mind if your home is on the market and a buyer wants to schedule a showing, he/she likely intends to purchase a home soon. The lookers are staying home.
If you would like more information about a particular neighborhood, please contact me at 310.493.8333 or Norma@CharlemagneProperties.com. You may also add your questions and requests to the contact form below.
Selling Palos Verdes Properties Since 1992
Norma Toering, Broker/Owner