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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$1,200,000

New

MLS# PV19211770

2532 Chelsea Road
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,660 Sqft

$1,790,000

New

MLS# PV19219225

2401 Via Rafael
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,712 Sqft

$1,095,000

New

MLS# SB19214533

28613 Stokowski Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

1,773 Sqft

$1,125,000

New

MLS# RS19217189

27412 Longhill Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,757 Sqft

$1,250,000

New

MLS# SB19218870

4 Dapplegray Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,279 Sqft

$1,375,000

New

MLS# PV19219011

29252 Beachside Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,374 Sqft

$1,599,900

New

MLS# PV19218463

3438 Starline Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

5 Baths

3,500 Sqft

$1,295,000

New

MLS# PV19216172

30551 Santa Luna Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,758 Sqft

$1,950,000

Open House

New

MLS# PV19216741

624 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

2 Baths

2,171 Sqft

$1,285,000

New

MLS# SB19216226

3237 Dianora Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,393 Sqft

$1,688,000

New

MLS# PV19215101

3512 Newridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,912 Sqft

$1,849,000

New

MLS# PV19215417

109 Via Colusa
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,335 Sqft

$1,249,000

New

MLS# PV19215667

3945 Via Solano
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,298 Sqft

$1,325,000

New

MLS# SB19213487

30138 Via Victoria
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,785 Sqft

$1,899,000

New

MLS# SB19215021

617 Avenida Mirola
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,750 Sqft

$1,025,000

New

MLS# PV19212147

26810 Hawkhurst Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,237 Sqft

$1,025,000

New

MLS# PV19212371

5227 Bluemound Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,395 Sqft

$1,679,000

New

MLS# SB19213052

3920 Via Solano
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,182 Sqft

$1,499,000

New

MLS# PV19212520

5282 Willow Wood Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,855 Sqft

$1,399,000

New

MLS# SB19212971

10 Via De La Vista
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,885 Sqft

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