Palos Verdes real estate inventory remains low, and buyer demand continues to drive prices to new highs as we wrap up 2020.
If Zillow is correct, it looks like we can expect price increases in the coming year. “The typical home value of homes in Rolling Hills Estates is $1,472,025. This value is seasonally adjusted and only includes the middle price tier of homes. Rolling Hills Estates home values have gone up 7.8% over the past year and Zillow predicts they will rise 8.3% in the next year.”
There are currently 19 single-family homes for sale in Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula. 28 homes are in escrow with accepted offers, and 79 RHE and PVP single-family properties have sold thus far in 2020.
More Palos Verdes Real Estate Snapshots for October 2020:
Palos Verdes luxury homes market priced over $3,000,000 has cooled slightly and moved closer to a neutral market favoring neither the seller nor the buyer.
For more information about a particular neighborhood text or call Norma Toering at 310.493.8333. You may also email Norma@CharlemagneProperties.com.
Norma Toering, Broker/Owner – DRE 01147470