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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$1,479,000

Open House

New

MLS# SB19262235

2108 Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

1,871 Sqft

$1,300,000

New

MLS# OC19264920

30237 Kingsridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,840 Sqft

$1,395,000

Open House

New

MLS# PV19252406

27727 Saddle Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,892 Sqft

$1,420,000

New

MLS# SB19260179

29924 Knoll View Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,629 Sqft

$1,559,000

Open House

New

MLS# PV19263237

3335 Starline Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,431 Sqft

$1,425,000

New

MLS# SR19262392

26215 Barkstone Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,914 Sqft

$1,525,000

New

MLS# 19525854

5320 Ironwood Street
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

1,929 Sqft

$1,719,000

New

MLS# SB19260343

3029 Via Borica
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,906 Sqft

$1,990,000

New

MLS# WS19259920

3086 Deluna Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

3,900 Sqft

$1,850,000

Open House

New

MLS# OC19255392

30344 Via Rivera
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,668 Sqft

$1,325,000

MLS# SB19258871

30081 Avenida Elegante
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

4 Baths

3,400 Sqft

$1,399,950

MLS# PV19256675

29123 Whites Point Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,398 Sqft

$1,750,000

MLS# PV19256207

1605 Via Montemar
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

4 Baths

2,506 Sqft

$1,299,000

MLS# SB19255765

5706 Mistridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,374 Sqft

$1,999,999

MLS# DW19252795

5354 Valley View Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

5 Baths

4,248 Sqft

$1,900,000

MLS# PV19231469

10 Empty Saddle Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

5 Baths

2,696 Sqft

$1,375,000

MLS# PV19237080

26608 Basswood Avenue
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,890 Sqft

$1,425,000

MLS# SB19246283

2548 Via Anita
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,590 Sqft

$1,279,000

MLS# SR19250953

28200 Ambergate Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,786 Sqft

$1,075,000

MLS# PV19250661

27616 Longhill Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,395 Sqft

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