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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$1,699,000

Open House

New

MLS# PV20013313

2441 Via Sonoma
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,472 Sqft

$1,799,000

Open House

New

MLS# PV20013817

31055 Via Rivera
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,540 Sqft

$1,148,000

Open House

New

MLS# SB20013127

4959 Blackhorse Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,246 Sqft

$1,269,000

New

MLS# PV20012669

30551 Santa Luna Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,758 Sqft

$1,048,000

New

MLS# PV20001264

27958 Alaflora Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,209 Sqft

$1,199,000

New

MLS# PV20009914

3424 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

2 Beds

2 Baths

1,609 Sqft

$1,449,000

New

MLS# PV20012598

3091 Deluna Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,305 Sqft

$1,699,000

Open House

New

MLS# SB20012243

28522 Leacrest Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,265 Sqft

$1,248,900

New

MLS# IV20004658

6902 Purple Ridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,460 Sqft

$1,595,000

New

MLS# OC20008790

3112 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,348 Sqft

$1,395,000

New

MLS# PV20007762

30012 Matisse Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,101 Sqft

$1,499,750

New

MLS# SB20008907

30176 Rhone Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

4 Baths

2,668 Sqft

$1,295,000

New

MLS# PV20006954

30146 Via Rivera
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,129 Sqft

$1,995,000

New

MLS# SB19247661

2112 Via Alamitos
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,874 Sqft

$1,075,000

MLS# SB20004264

5129 Elkmont Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,584 Sqft

$1,699,000

MLS# PV20003659

30615 Cartier Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,530 Sqft

$1,690,000

MLS# SB20001922

5325 Bayridge Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,243 Sqft

$1,549,888

MLS# 20539622

30945 Rue Valois
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,113 Sqft

$1,332,600

New

MLS# PV20001286

6923 Willowtree Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,242 Sqft

$1,585,000

MLS# 319004969

6601 Beachview Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,447 Sqft

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