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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$1,399,000

New

MLS# SB19007685

3409 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,469 Sqft

$1,585,000

New

MLS# DW19010099

19 Martingale Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

5 Baths

4,454 Sqft

$1,250,000

Open House

New

MLS# SB19003774

7011 Purple Ridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

1,964 Sqft

$1,899,000

New

MLS# PV19008108

15 Rockinghorse Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

5 Baths

3,639 Sqft

$1,399,000

Open House

New

MLS# SB19005634

28068 Braidwood Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,108 Sqft

$1,999,000

Open House

New

MLS# PV19006033

30005 Via Borica
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

6 Beds

3 Baths

3,429 Sqft

$1,248,000

Open House

MLS# PV19002970

7022 Lofty Grove Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,544 Sqft

$1,749,000

MLS# OC18287519

1433 Via Cataluna
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,171 Sqft

$1,428,000

MLS# PV19001081

11 Coach Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

4 Baths

2,717 Sqft

$1,773,000

MLS# 190000546

30523 Cartier Dr
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,647 Sqft

$1,890,000

Open House

MLS# SB18269411

740 Via Del Monte
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

3 Beds

2 Baths

2,239 Sqft

$1,259,000

Open House

MLS# SB18295850

28015 Lomo Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,607 Sqft

$1,498,000

MLS# PW18291424

26659 Westvale Road
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,103 Sqft

$1,100,000

Open House

MLS# SB18276290

2784 Vista Mesa Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,826 Sqft

$1,450,000

Open House

MLS# SB18289099

3536 Newridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,661 Sqft

$1,199,000

Open House

MLS# SB18289892

2144 Noble View Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

3 Baths

2,148 Sqft

$1,495,000

Open House

MLS# SB18285885

5 Cayuse Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

5 Beds

5 Baths

5,082 Sqft

$1,599,000

MLS# PV18292244

28503 Rothrock Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,780 Sqft

$1,049,000

MLS# 18412424

6008 Flambeau Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

Active

3 Beds

2 Baths

1,874 Sqft

$1,950,000

Open House

MLS# PV18276895

1800 Via Estudillo
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence

Active

4 Beds

3 Baths

2,533 Sqft

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