The Palos Verdes real estate market remains in a solid sellers’ market for single family homes as we wrap up 2017.
December 2017 Market Sliders:
There are 146 Palos Verdes single family homes for sale. 69 Palos Verdes houses are in escrow with accepted offers. Year-to-date 650 single family homes sold in Palos Verdes as of early December.
Inventory dipped to a lower number of houses available for buyers in search of a home on the Palos Verdes Peninsula. It may be a bleak new year for prospective buyers resolving to purchase a Palos Verdes property in 2018. It is rare to find an entry single family home priced under $1,000,000. Competition is keen for move-in ready properties priced at market value. My suggestion to sellers is don’t wait for the spring market–the demand is ready and waiting for a supply of fresh homes to become available now.
If you need help with preparing your home for sale, I provide a free one-hour consultation to help you begin the process of pre-sale preparation.
Norma Toering 310.493.8333