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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$48,000,000 - 9Br/25Ba -  for Sale in Rolling Hills
$48,000,000
MLS# 16143348

1 Buggy Whip Drive
Rolling Hills, CA 90274

Property Type Single Family Residence
$26,680,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$26,680,000
MLS# 17200490

2701 Via Elevado
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$16,999,999 - 6Br/8Ba -  for Sale in Palos Verdes Estates
$16,999,999
MLS# SB17003283

705 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$14,900,000 - 7Br/10Ba -  for Sale in Palos Verdes Estates
$14,900,000
MLS# SB16754414

1508 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$10,500,000 - 5Br/6Ba -  for Sale in Palos Verdes Estates
$10,500,000
MLS# PV17034020

609 Paseo Del Mar
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$9,999,000 - 7Br/8Ba -  for Sale in Palos Verdes Estates
$9,999,000
MLS# PV17031680

999 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$9,999,000 - 7Br/11Ba -  for Sale in Palos Verdes Estates
$9,999,000
MLS# SB17021071

2228 Via Cerritos
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$9,500,000 - 6Br/9Ba -  for Sale in Palos Verdes Estates
$9,500,000
MLS# WS17088848

1816 Paseo Del Mar
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$9,450,000 - 6Br/7Ba -  for Sale in Palos Verdes Estates
$9,450,000
MLS# PV17108725

702 Via La Cuesta
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$8,990,000 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$8,990,000
MLS# PV16741874

67 Paseo Del La Luz
Rancho Palos Verdes, CA 90275

Property Type Single Family Residence
$8,958,999 - 6Br/8Ba -  for Sale in Palos Verdes Estates
$8,958,999
New
MLS# PV17137453

1376 Via Romero
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$8,888,000 - 8Br/9Ba -  for Sale in Rolling Hills
$8,888,000
MLS# SB17053605

12 Upper Blackwater Cyn Road
Rolling Hills, CA 90274

Property Type Single Family Residence
$8,399,000 - 7Br/11Ba -  for Sale in Palos Verdes Estates
$8,399,000
MLS# PV17085445

1414 Paseo La Cresta
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$7,999,999 - 6Br/10Ba -  for Sale in Rolling Hills
$7,999,999
MLS# SB16742095

3 Appaloosa Lane
Rolling Hills, CA 90274

Property Type Single Family Residence
$7,995,000 - 6Br/9Ba -  for Sale in Rancho Palos Verdes
$7,995,000
MLS# PV16710870

51 Paseo Del La Luz
Rancho Palos Verdes, CA 90275

Property Type Single Family Residence
$7,898,000 - 6Br/10Ba -  for Sale in Rancho Palos Verdes
$7,898,000
MLS# PV17085007

30637 Calle De Suenos
Rancho Palos Verdes, CA 90275

Property Type Single Family Residence
$7,495,000 - 6Br/8Ba -  for Sale in Rolling Hills
$7,495,000
MLS# PV17051588

2 Pine Tree Lane
Rolling Hills, CA 90274

Property Type Single Family Residence
$7,200,000 - 6Br/7Ba -  for Sale in Palos Verdes Estates
$7,200,000
MLS# PV17075482

1544 Via Zurita
Palos Verdes Estates, CA 90274

Property Type Single Family Residence
$6,995,000 - 5Br/6Ba -  for Sale in Rolling Hills
$6,995,000
MLS# PV17021238

8 Upper Blackwater Cyn Road
Rolling Hills, CA 90274

Property Type Single Family Residence
$6,950,000 - 5Br/8Ba -  for Sale in Rancho Palos Verdes
$6,950,000
MLS# PV16010720

2822 Colt Road
Rancho Palos Verdes, CA 90275

Property Type Single Family Residence

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Call Realty Best Palos Verdes Homes, 433 Via Corta, Palos Verdes Estates, CA 90274 (424) 226-2147