Are Palos Verdes Home Prices Poised To Fall?

One of my clients asked me yesterday about whether or not I thought we were in another “price appreciation bubble” for Palos Verdes Estates home prices. Let’s get one thing clear here, I have no crystal ball and as they say, “past performance is no guaranty of future results”.  Come back to this paragraph after you’re finished scrolling through the article to find out “What’s My Palos Verdes Home Worth (or Beach Cities Home)?

However, one of the benefits you have of choosing me as your broker is my experience and knowledge of the market based on facts. Here’s an example of the kind of data at my finger tips that I use for my clients’ benefit

Palos Verdes Home Prices

see chart below

Are Palos Verdes Home Prices Poised to Fall? from bestpalosverdeshomes on Vimeo.

palos verdes home prices

If you look carefully, you will see that since the early 90s there have been 2 downturns in the market. And the appreciation cycles have been about 7-8 years or so.

The up cycle we’re in now is only 2 or 3 years young.

What’s even better is the supply side of the picture. Go to my blog https://www.bestpalosverdeshomes.com/blog and look at the 3/17/2015 post. At the bottom of the page you will see that supply of homes coming to market is not only down, but is at the lowest listing volume rates in decades.

There is such an imbalance in the supply side, that with demand as strong as it is (even if/when rates go up with the economy slowly improving) it will take years for an equilibrium to take place.

In my studied opinion, strong price appreciation is “baked in” to this cake we call a real estate market.  I welcome your comments.

Palos Verdes Homes from $1,250,000 to $2,250,000

* Separate multiple values with comma.

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$40,000,000 - 9Br/25Ba -  for Sale in Rolling Hills
$40,000,000
MLS# 18311552

1 Buggy Whip Drive
Rolling Hills, CA 90274

Property Type: Single Family Residence
$23,888,000 - 5Br/9Ba -  for Sale in Palos Verdes Estates
$23,888,000
MLS# PV18085906

2729 Via Oleadas
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$18,900,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$18,900,000
MLS# 18348060

2701 Via Elevado
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$15,450,000 - 6Br/8Ba -  for Sale in Rancho Palos Verdes
$15,450,000
MLS# SB18089429

41 Marguerite Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$14,900,000 - 7Br/10Ba -  for Sale in Palos Verdes Estates
$14,900,000
MLS# SB18021828

1508 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$13,900,000 - 6Br/8Ba -  for Sale in Palos Verdes Estates
$13,900,000
MLS# PV18152174

705 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$8,500,000 - 7Br/9Ba -  for Sale in Rolling Hills
$8,500,000
MLS# PV18112775

12 Upper Blackwater Cyn Road
Rolling Hills, CA 90274

Property Type: Single Family Residence
$8,450,000 - 6Br/7Ba -  for Sale in Palos Verdes Estates
$8,450,000
MLS# PV17108725

702 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$8,000,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$8,000,000
Open House
MLS# SB18104456

145 Rocky Point Road
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$7,999,999 - 7Br/11Ba -  for Sale in Palos Verdes Estates
$7,999,999
Open House
MLS# SB18147528

2228 Via Cerritos
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$7,950,000 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$7,950,000
MLS# PV17257026

67 Paseo Del La Luz
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$7,688,000 - 6Br/9Ba -  for Sale in Rolling Hills
$7,688,000
MLS# PV18087257

3 Appaloosa Lane
Rolling Hills, CA 90274

Property Type: Single Family Residence
$7,600,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$7,600,000
MLS# SB18104873

856 Rincon Lane
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$6,995,000 - 5Br/6Ba -  for Sale in Rolling Hills
$6,995,000
MLS# PV18011595

8 Upper Blackwater Cyn Road
Rolling Hills, CA 90274

Property Type: Single Family Residence
$6,900,000 - 4Br/5Ba -  for Sale in Palos Verdes Estates
$6,900,000
MLS# PV18112103

915 Via Panorama
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$6,499,999 - 6Br/8Ba -  for Sale in Rolling Hills
$6,499,999
MLS# PV17051588

2 Pine Tree Lane
Rolling Hills, CA 90274

Property Type: Single Family Residence
$6,300,000 - 3Br/3Ba -  for Sale in Palos Verdes Estates
$6,300,000
Open House
MLS# SB18141275

1109 W Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$5,900,000 - 5Br/8Ba -  for Sale in Rolling Hills
$5,900,000
MLS# PV18015772

83 Crest Road E
Rolling Hills, CA 90274

Property Type: Single Family Residence
$5,899,000 - 6Br/6Ba -  for Sale in Palos Verdes Estates
$5,899,000
New
MLS# PV18153794

701 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$5,895,000 - 6Br/9Ba -  for Sale in Rolling Hills
$5,895,000
MLS# PV17168947

60 Eastfield Drive
Rolling Hills, CA 90274

Property Type: Single Family Residence

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