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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$1,490,000

Open House

New

MLS# SB19103732

1100 Via Zumaya
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,288 Sqft

$1,295,000

Open House

New

MLS# PV19113937

29234 Stadia Hill Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,634 Sqft

$1,350,000

New

MLS# PV19118308

7 Packet Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

3 Baths

2,237 Sqft

$1,500,000

Open House

New

MLS# PV19118162

27130 Diamondhead Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,246 Sqft

$1,499,000

New

MLS# PW19117262

26842 Fond Du Lac Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,650 Sqft

$1,399,000

New

MLS# SB19118139

1216 Via Landeta
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

1,690 Sqft

$1,299,000

Open House

New

MLS# OC19117494

27438 Elmbridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,148 Sqft

$1,850,000

New

MLS# PV19117172

3616 Navajo Place
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,081 Sqft

$1,258,000

Open House

New

MLS# PV19115992

27131 Whitestone Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,890 Sqft

$1,250,000

Open House

New

MLS# PV19112550

27026 Indian Peak Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

2,541 Sqft

$1,599,000

Open House

New

MLS# SB19102607

9 Via Subida
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,718 Sqft

$1,295,000

New

MLS# SB19112504

2821 Calle Aventura
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,954 Sqft

$1,249,000

New

MLS# SB19061017

2055 Suana Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,827 Sqft

$1,025,000

New

MLS# PV19111437

5209 Elkmont Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,434 Sqft

$1,249,000

New

MLS# PV19111108

28825 Trailriders Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

2 Baths

1,905 Sqft

$1,999,999

New

MLS# SB19110834

14 Peacock Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence

Active

5 Beds

4 Baths

3,731 Sqft

$1,556,800

Open House

New

MLS# 19465646

5465 Middlecrest Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,451 Sqft

$1,556,800

New

MLS# 40865409

5465 Middlecrest Rd
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,451 Sqft

$1,599,000

New

MLS# PV19111314

1721 Via Zurita
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,168 Sqft

$1,590,000

New

MLS# PV19114140

7392 Via Lorado
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

1,966 Sqft

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