Drone shot of the South Bay of Los Angeles and beyond taken from a Rancho Palos Verdes property.

A prospective buyer said to me, “I think we have an early spring market. Houses seem to be priced higher, and they are selling fast.” I must agree. Due to the limited inventory and high demand, very few Palos Verdes neighborhoods are experiencing a slowdown in the real estate market.

Three houses came on the market in the Silver Spur neighborhood, and within a week all three homes were in escrow. The properties were beautifully remodeled, all had views, and my listing had multiple offers, and it would not surprise me if the other listings did as well. That’s a testament to the strength of the local real estate market.

There are 164 Palos Verdes single-family homes listed for sale. 77 Palos Verdes residences are in escrow with accepted offers, and 55 PV single-family homes have sold thus far in 2019.

 

More Palos Verdes Market Snapshots for March 2019:

 

Want information about your neighborhood? Contact Norma Toering at 310.493.8333 or email No***@*******************es.com.

 

Selling Palos Verdes Properties Since 1992