In an across the board seller’s market on the Palos Verdes Peninsula, Rancho Palos Verdes is the hottest market on the hill. The pandemic effect of tighter inventory coupled with steady demand resulted in Rancho Palos Verdes having more single-family houses in escrow than there are for sale. That’s a sizzling seller’s market!
Here’s why my Little Yellow Dot is indicating RPV is in a hot seller’s market: 48 Rancho PV single-family homes are for sale. 60 RPV residences are in escrow with accepted offers, with 203 sales recorded year-to-date. The August 2020 sold statistics are almost identical to the 206 RPV single-family homes sold by August of 2019. During this stay-at-home summer, many prospective buyers are shopping online for a house with room for a home office, space for a home theater, or more outdoor gathering areas.
More Palos Verdes Real Estate Snapshots for August 2020:
Selling Palos Verdes Properties Since 1992
Norma Toering, Broker/Owner
Call or Text Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com for more information or to request a value assessment of your property. You may also submit the contact form below.[contact-form-7 404 "Not Found"]