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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$1,325,000

New

MLS# PV17166779

5 Mustang Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,418 Sqft

$1,599,000

Open House

New

MLS# 17252726

2433 Via Anacapa
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2.5 Baths

2,100 Sqft

$1,599,000

Open House

New

MLS# SB17164950

29657 Grandpoint Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

6 Beds

3 Baths

3,451 Sqft

$1,278,000

Open House

New

MLS# PV17164608

3428 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,672 Sqft

$1,479,000

New

MLS# SB17162762

3833 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,815 Sqft

$1,199,000

Open House

New

MLS# SB17162455

28531 Palos Verdes Drive E
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

2 Beds

2.5 Baths

2,200 Sqft

$1,335,000

Open House

New

MLS# SB17163157

3636 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,676 Sqft

$1,425,000

Open House

New

MLS# SB17163968

36 Encanto Drive
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,660 Sqft

$1,325,000

Open House

New

MLS# PV17158921

4031 Rousseau Lane
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2.5 Baths

2,133 Sqft

$1,975,000

New

MLS# 170037305

28631 Shire Oaks Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3.5 Baths

2,940 Sqft

$1,200,000

New

MLS# PV17157018

2886 Crownview Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,211 Sqft

$1,325,000

New

MLS# PV17160537

28341 Trailriders Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,733 Sqft

$1,228,000

Open House

New

MLS# PV17160343

26715 Menominee Place
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,641 Sqft

$1,998,000

Open House

New

MLS# WS17159276

2737 Vista Mesa Dr
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

3,335 Sqft

$1,599,900

Open House

New

MLS# WS17157254

30933 Rue Valois
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,064 Sqft

$1,548,000

MLS# PV17156310

2 Dapplegray Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,226 Sqft

$1,089,000

MLS# PV17155978

1811 Santa Rena Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3.5 Baths

2,334 Sqft

$1,650,000

Open House

MLS# PV17105337

3033 W Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

3.5 Baths

2,555 Sqft

$1,499,999

Open House

MLS# PV17153077

3602 Greve Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3.5 Baths

2,712 Sqft

$1,950,000

Open House

MLS# PV17153238

31325 Marne Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2, 2 half Baths

3,090 Sqft

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