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.palos verdes home sales  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

* Separate multiple values with comma.

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$1,450,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,450,000
New
MLS# IN17260219

2521 Colt Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,550,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,550,000
Open House
New
MLS# PV17260465

2840 W Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,725,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,725,000
New
MLS# SB17260386

6227 Monero Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,359,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,359,000
New
MLS# SB17258633

28709 Trailriders Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,599,900 - 4Br/5Ba -  for Sale in Rancho Palos Verdes
$1,599,900
New
MLS# SB17258114

3 Mustang Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,425,000 - 4Br/3Ba -  for Sale in Rolling Hills
$1,425,000
New
MLS# PV17256560

70 Portuguese Bend Road
Rolling Hills, CA 90274

Property Type: Single Family Residence
$1,198,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,198,000
Open House
New
MLS# PV17253196

4 Mela Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,298,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,298,000
MLS# SB17253999

5229 Silver Arrow
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,800,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,800,000
MLS# IN17253411

21 Martingale Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,699,000 - 4Br/3Ba -  for Sale in Palos Verdes Estates
$1,699,000
MLS# SB17251880

736 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,100,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,100,000
MLS# SB17251858

2286 Sparta Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,425,000 - 4Br/4Ba -  for Sale in Rancho Palos Verdes
$1,425,000
MLS# PV17248077

4333 Via Frascati
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,499,000 - 3Br/3Ba -  for Sale in Palos Verdes Estates
$1,499,000
MLS# PV17247074

513 Via Gorrion
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,175,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,175,000
MLS# PV17248171

2315 Sparta Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,995,000 - 3Br/3Ba -  for Sale in Rolling Hills
$1,995,000
MLS# PV17242770

5 Reata Lane
Rolling Hills, CA 90274

Property Type: Single Family Residence
$1,549,000 - 5Br/5Ba -  for Sale in Rancho Palos Verdes
$1,549,000
MLS# SB17243893

5 Cayuse Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,490,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,490,000
MLS# PV17242165

29603 Highpoint Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,829,000 - 4Br/3Ba -  for Sale in Palos Verdes Estates
$1,829,000
MLS# PV17237688

4008 Via Nivel
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,983,370 - 4Br/5Ba -  for Sale in Rancho Palos Verdes
$1,983,370
MLS# SW17237750

30010 Whitley Collins Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,799,999 - 3Br/3Ba -  for Sale in Rolling Hills Estates
$1,799,999
MLS# SB17236806

18 Ranchview Road
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

 

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