Once again, Rancho Palos Verdes has more single-family homes in escrow with accepted offers than there are houses listed for sale. I don’t need to tell you that’s an indicator that screams, “Hot Seller’s Market!”
There are currently 50 Rancho Palos Verdes single-family homes for sale. 66 RPV single-family residences are in escrow, and 284 SFRs have sold in Rancho PV thus far this year.
Even the Coronavirus failed to cast a dark shadow over the local real estate market. Per Zillow, “The typical home value of homes in Rancho Palos Verdes is $1,365,103. This value is seasonally adjusted and only includes the middle price tier of homes. Rancho Palos Verdes home values have gone up 5.5% over the past year and Zillow predicts they will rise 7.7% in the next year.”
More Palos Verdes Real Estate Snapshots for October 2020:
For more information about your neighborhood real estate activity, text or call Norma Toering at 310.493.8333, or email your request and questions to Norma@CharlemagneProperties.com.
Norma Toering, Broker/Owner – DRE 01147470