The local Palos Verdes real estate market, including the single-family luxury market, appears to be oblivious to world events (catastrophes, perhaps) as it continues to grow stronger as the summer progresses. Inventory is still shrinking, and demand remains steady.
As indicated by my Little Yellow Dot, the Palos Verdes luxury homes market moved from a neutral market to a seller’s market during the summer of 2020. Sales are up, and inventory is down in the high-end segment of the PV real estate market. There are 63 Palos Verdes luxury homes for sale. 22 PV high-end residences are in escrow with accepted offers, and 38 luxury properties sold thus far in 2020.
More Palos Verdes Real Estate Snapshots for August 2020:
A glance at the Little Yellow Dots reveals the strength of the Palos Verdes real estate market as we enter the final days of summer. If you would like more market information about your neighborhood or your residence, contact Norma Toering at 310.493.8333 or email No***@*******************es.com. You may also submit a request on the attached contact form.
Selling Palos Verdes Properties Since 1002
Norma Toering, Broker/Owner
DRE: 01147470
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