The Spring Market has yet to arrive, but Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula (PVP) are already in a hot seller’s market.
There are 14 Rolling Hills Estates and PVP single-family properties for sale. Nine RHE and PVP homes are in escrow with accepted offers, and five Rolling Hills Estates and PVP single-family homes sold during January 2020. Low inventory and continued demand are the forces keeping RHE in a seller’s market.
More Palos Verdes Real Estate Snapshots for February 2020:
The Palos Verdes seller’s market remains vibrant, with only the luxury segment favoring buyers. How much longer will the seller’s market last? Only time will tell, but the usual cycle is around ten years, and by my calculations, the birth of this seller’s market began in 2012 as the market rallied from the depths of the housing crash. If you are considering selling, it’s not too late to cash in on this aging seller’s market.
Selling Palos Verdes Properties Since 1992
Norma Toering, Broker/Owner
You may email me at Norma@CharlemagneProperties.com or send your questions and requests by submitting the below form.