Abalone Cove
January 21st, 2022
The answer to the question “How is the Palos Verdes Homes Market over $5,000,000” is the same answer it is for any market. Â At least the method to approach the answer is the same …
We need to understand the effect of the economics for SUPPLY and DEMAND and in this case we are going to measure, OBJECTIVELY, the number of months of unsold inventory.
The bigger the number, the more it is a buyer’s market and the less it is a seller’s market and true it is for the opposite; the smaller the number …
And what’s more important than the “static” number of “today”, is the trend. Â Do we see higher highs and higher lows which would mean the market is trending toward a slowdown (hence pricing for a seller becomes even more critical) or do we see lower lows and lower highs (meaning a seller, if they have time to test the market, can “push the envelope” of pricing). Â Scroll below chart to watch video on what I study.
For more information on the Palos Verdes real estate market, continue below…
Click picture below (from your mobile device) to get one of the best if not THE best app I’ve found to search for homes. Check out the “radar” function called “Spot” on lower right part of the app’s screen once you’ve installed it ![]() |
Download the HomeSnap App here. Snap any home with your smartphone camera using the app and get market data on that home |
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Call Realty Best Palos Verdes Homes, 433 Via Corta, Palos Verdes Estates, CA 90274 (424) 226-2147