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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Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

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Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

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Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

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Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

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Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

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Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

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Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

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$1,975,000

New

MLS# SB17213130

2350 Daladier Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

3,070 Sqft

$1,280,000

New

MLS# PV17214410

19 Pepper Tree Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3.5 Baths

2,482 Sqft

$1,035,000

New

MLS# SB17211954

2021 W Toscanini Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,029 Sqft

$1,059,000

New

MLS# PV17213185

28619 Mount Sawtooth
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,100 Sqft

$1,090,000

New

MLS# SB17213585

26941 Fond Du Lac Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,662 Sqft

$1,339,000

New

MLS# PV17214815

30734 Rue De La Pierre
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3.5 Baths

2,226 Sqft

$1,395,000

New

MLS# SB17209364

27241 Sunnyridge Road
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,468 Sqft

$1,249,000

New

MLS# PV17192063

70 Rockinghorse Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,355 Sqft

$1,399,000

New

MLS# PV17211623

19 Ranchview Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,500 Sqft

$1,050,000

New

MLS# SB17209739

28826 Indian Valley Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,374 Sqft

$1,095,000

New

MLS# SB17212520

28622 Mount Hood Court
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,531 Sqft

$1,599,000

New

MLS# PV17173093

4420 Lucera Circle
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,521 Sqft

$1,288,000

New

MLS# 17269820

27252 Eastvale Road
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,342 Sqft

$1,825,000

New

MLS# PV17210317

1328 Via Margarita
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,696 Sqft

$1,299,000

New

MLS# PV17210323

5527 Shoreview Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,026 Sqft

$1,749,000

New

MLS# SB17210419

2630 La Costa Place
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,660 Sqft

$1,649,000

New

MLS# SB17209213

736 Cloyden Road
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,922 Sqft

$1,348,000

New

MLS# PV17209113

6504 Via Siena
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2.5 Baths

2,944 Sqft

$1,299,000

MLS# PV17207179

2546 Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,196 Sqft

$1,288,000

New

MLS# SB17208022

6952 Grovespring Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,617 Sqft

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