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.palos verdes home sales  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

* Separate multiple values with comma.

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$1,598,000 - 3Br/2Ba -  for Sale in Palos Verdes Estates
$1,598,000
New
MLS# SB18118445

4405 Via Valmonte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,589,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,589,000
Open House
New
MLS# IG18120958

27037 Woodbrook Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,399,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,399,000
New
MLS# PV18117503

6925 Clovercliff Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,438,000 - 4Br/4Ba -  for Sale in Rancho Palos Verdes
$1,438,000
New
MLS# PV18112854

6508 Nancy Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,299,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,299,000
New
MLS# SB18117783

5316 Waupaca Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,750,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,750,000
New
MLS# PV18114180

2209 Via Alamitos
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,150,000 - 5Br/4Ba -  for Sale in Rancho Palos Verdes
$1,150,000
New
MLS# SB18113609

28035 Hazelridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,600,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,600,000
New
MLS# SB18115256

5061 Rockvalley Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,699,800 - 4Br/4Ba -  for Sale in Rancho Palos Verdes
$1,699,800
New
MLS# SB18100809

59 Paseo De Castana
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,950,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,950,000
Open House
New
MLS# 18344202

6829 Vallon Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,279,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,279,000
New
MLS# PV18111973

2537 Colt Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,599,000 - 4Br/3Ba -  for Sale in Palos Verdes Estates
$1,599,000
New
MLS# PV18112703

1708 Espinosa Circle
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,688,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,688,000
New
MLS# PW18107604

3528 Newridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,450,000 - 2Br/2Ba -  for Sale in Palos Verdes Estates
$1,450,000
MLS# PV18109217

3112 Palos Verdes Dr. N.
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,580,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,580,000
MLS# SB18111829

7013 Clovercliff Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,275,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,275,000
Open House
MLS# WS18101874

28318 Trailriders Dr
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,549,000 - 4Br/4Ba -  for Sale in Rancho Palos Verdes
$1,549,000
MLS# PV18103132

32 Packet Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,479,000 - 5Br/4Ba -  for Sale in Rancho Palos Verdes
$1,479,000
Open House
MLS# PV18106621

29034 Warnick Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,799,000 - 4Br/3Ba -  for Sale in Palos Verdes Estates
$1,799,000
MLS# PV18106211

2633 Via Valdes
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,365,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,365,000
MLS# SB18082647

6704 Via Canada
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

 

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