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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$1,599,999

New

MLS# 19491344

30945 Rue Valois
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,113 Sqft

$1,850,000

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New

MLS# PV19169489

112 Via Las Vegas
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

4 Baths

3,478 Sqft

$1,190,000

New

MLS# SB19174248

17 Rollingwood Drive
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,490 Sqft

$1,994,000

New

MLS# WS19173360

30181 Via Rivera
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

5 Baths

3,310 Sqft

$1,525,000

New

MLS# SB19097648

27563 Rainbow Ridge Road
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,059 Sqft

$1,290,000

New

MLS# SB19171804

5422 Elmbank Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,249 Sqft

$1,098,000

New

MLS# SB19171707

28701 Mount Langley Court
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,100 Sqft

$1,050,000

Open House

New

MLS# 19490674

2061 W Macarthur Street
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

1,486 Sqft

$1,275,000

New

MLS# SB19166663

4389 Miraleste Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,487 Sqft

$1,450,000

New

MLS# PV19169154

32218 Phantom Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,406 Sqft

$1,498,000

Open House

New

MLS# 19488718

28733 Blythewood Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,128 Sqft

$1,199,000

New

MLS# PV19166393

801 Via Coronel
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,790 Sqft

$1,990,000

New

MLS# PV19158489

6404 Vista Pacifica
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

5 Baths

4,596 Sqft

$1,199,000

Open House

MLS# 19486948

27117 Grayslake Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,472 Sqft

$1,350,000

New

MLS# SB19163694

7005 Purple Ridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,617 Sqft

$1,249,000

MLS# PI19152287

6410 Via De Anzar
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,828 Sqft

$1,995,000

MLS# PV19153358

344 Via Almar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,642 Sqft

$1,190,000

Open House

MLS# SB19151591

7033 Lofty Grove Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,078 Sqft

$1,250,000

MLS# PV19159443

4412 Lucera Circle
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,300 Sqft

$1,219,000

MLS# SB19159014

5421 Eau Claire Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,668 Sqft

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