Palos Verdes Home Sales Report for March 2015

Palos Verdes Home Sales of course vary all the time so let’s take a brief moment to review what’s happening in a more “macro” fashion for the South Bay real estate market.  At around 1:30, watch for the big surprise in the video below, but play from the beginning to understand the perspective.

I was prompted to write this post when I read a couple of articles today, one from the Real Estate Insider which referenced a report from Lawrence Yun who is the National Association of Realtors’ chief economist in Washington DC.  According to NAR, pending home sales in January increased dramatically from levels in January of 2014; up over 8%.  That’s a big number.

In fact it was noted that this is the 5th consecutive year in which pending sale volume increased.  Now the interesting part for me is the comment from Lawrence Yun in which he stated that “…for the most part buyers in January were able to overcome tight supply to sign contracts at a pace that highlights demand that exists in today’s market…”

For those of you that have touched in to my blog, you know I’m just an old econ guy and supply/demand patterns fascinate me.  After all, real estate, like any other commodity, has its price purely driven by the interaction between the two.

So what of the South Bay and Palos Verdes homes?  Are we finding the same trends that pattern the National trends for real estate?  If not in what way are they different?  Take a look at the charts presented in this video.  I believe you will find this VERY interesting and if you’re planning on buying or selling property here in the South Bay, very helpful to you strategically.  Want more information?  Contact me using the popup in the bottom right of this screen.

Palos Verdes Home Sales Report

Palos Verdes Homes Sales Report 3-17-2015 from bestpalosverdeshomes on Vimeo.  Scroll to the bottom of the page to view the two charts profiled in the video

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$1,400,000

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MLS# SB18272471

5422 Elmbank Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,249 Sqft

$1,699,000

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MLS# SB18271241

6 Buckskin Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

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4 Beds

4 Baths

2,294 Sqft

$1,970,000

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MLS# SB18247557

27961 Palos Verdes Drive E
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

6 Baths

4,011 Sqft

$1,345,000

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MLS# SB18268682

30 Pepper Tree Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,546 Sqft

$1,499,999

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MLS# OC18268369

8 Bridle Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

3,243 Sqft

$1,398,000

New

MLS# WS18267446

28621 Leacrest Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,212 Sqft

$1,489,000

New

MLS# SB18255482

55 Rockinghorse Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,763 Sqft

$1,395,000

MLS# PV18260404

4630 Browndeer Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

6 Beds

3 Baths

2,711 Sqft

$1,279,999

Open House

New

MLS# SB18265148

27915 Lomo Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,816 Sqft

$1,658,000

MLS# SB18264455

6755 Kings Harbor Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

4 Baths

2,788 Sqft

$1,899,000

MLS# PV18264665

30316 Camino Porvenir
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

3,355 Sqft

$1,699,000

MLS# PV18264349

2741 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,000 Sqft

$1,297,000

MLS# 18403436

5044 Blackhorse Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

1,896 Sqft

$1,349,000

MLS# PV18205636

26509 Hawkhurst Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,237 Sqft

$1,250,000

MLS# SB18263603

28318 Trailriders Dr
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

2 Baths

2,060 Sqft

$1,175,000

MLS# PV18262505

2105 Redondela Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,106 Sqft

$1,899,000

MLS# 18399624

2112 Chelsea Road
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,216 Sqft

$1,195,000

MLS# 18399762

27051 Shorewood Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,606 Sqft

$1,800,000

MLS# PV18255199

4 Singletree Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,305 Sqft

$1,250,000

MLS# SB18253529

5762 Ironwood Street
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

1,868 Sqft

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