Rancho Palos Verdes CA Homes :: What’s the upper most price range

One of my clients was searching on my website for homes and came across this one (click the map below) that he studied.  The home is one of the Rancho Palos Verdes CA homes in the upper quartile of home prices for Rancho Palos Verdes.  As part of my customer service, I wanted to provide a bit more information value for him and put together the email you see below.  The theme in the article is two fold:  

  1. How does this Rancho Palos Verdes CA Homes market behave as defined by supply and demand trends and
  2. Does this allow us to draw any conclusions, if only educated guesses as to the timing of when to buy
  3. Look at details and pictures of all the homes for sale in the upper quartile of prices for Rancho Palos Verdes (scroll down)

 

That being said, the timing of a purchase really doesn’t matter as while real estate is a commodity, it isn’t like gold or silver or live cattle futures … it’s your home.  And when the right home comes on the market, you make a move.  In the long run, the “timing” really shouldn’t matter that much.  If you missed the right home, only to buy the wrong home at the “right time” are you really going to be happy?  Still, understanding the effects of supply and demand on the purchase or if you’re a seller, the sale, of any of the Palos Verdes homes, is worthy of consideration.  That’s an interesting part of Rancho Palos Verdes; it’s across the street from the Palos Verdes Estates Country Club so in a way, the “feel” of this neighborhood is Palos Verdes Estates (considered a bit more upper echelon than Rancho Palos Verdes) but you’re in Rancho Palos Verdes.  

 

Rancho Palos Verdes CA Homes

There are advantages and disadvantages with this, some people care others don’t.

The price of this home certainly puts it in the upper quartile of homes sold in Rancho Palos Verdes, so let’s take a look at that part of the real estate market.

If you’ve been reading my blog articles or newsletters for even just a little bit of time, you will have come to realize that I subscribe to the notion that real estate, like ANY other commodity, has its price regulated by the interaction of supply and demand.  So any broker not focusing on this for their clients, is doing that client a disservice.

The conclusion I reach in noticing the trends from the beginning of the year is that while inventory (red line, supply) has been increasing, so to has demand (absorption); so much so that just recently, demand is outpacing supply. highest priced palos verdes homes

(want to get charts like these for your own home and neighborhood?  click either of the charts to sign up, it’s free as part of my customer service.  All I ask in return is that you consider to choose me as your Realtor)

The chart above is of the proprietary market strength index along with $/sqft trends for the upper price quartile of RPV homes.  Price always lag behind the indicators, a good thing as that allows us a best guess for future movement

My conclusions is that with the market action index reaching a new intermediate term high, with absorption (demand) outpacing inventory) supply – prices in the near term are going to head higher.

If I were selling a home in the highest price ranges of Palos Verdes homes, I would be getting my home on the market right about now. 

Rancho Palos Verdes CA Homes in the top quartile of prices

* Separate multiple values with comma.

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$8,900,000 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$8,900,000
MLS# PV17257026

67 Paseo Del La Luz
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$7,295,000 - 6Br/9Ba -  for Sale in Rancho Palos Verdes
$7,295,000
MLS# PV16710870

51 Paseo Del La Luz
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$6,998,000 - 6Br/10Ba -  for Sale in Rancho Palos Verdes
$6,998,000
MLS# PV17214379

30637 Calle De Suenos
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$6,825,000 - 5Br/5Ba -  for Sale in Rancho Palos Verdes
$6,825,000
MLS# SB17220634

42 Sea Cove Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$5,900,000 - 5Br/7Ba -  for Sale in Rancho Palos Verdes
$5,900,000
MLS# SB17178378

2923 Vista Del Mar
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,999,999 - 7Br/8Ba -  for Sale in Rancho Palos Verdes
$4,999,999
MLS# SB17231670

38 Via Del Cielo
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,800,000 - 4Br/7Ba -  for Sale in Rancho Palos Verdes
$4,800,000
MLS# PV17070728

31990 Emerald View Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,680,000 - 5Br/7Ba -  for Sale in Rancho Palos Verdes
$4,680,000
MLS# PV17238572

12 Via Del Cielo
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,580,000 - 6Br/10Ba -  for Sale in Rancho Palos Verdes
$4,580,000
MLS# TR17233666

3303 Palo Vista Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,199,000 - 5Br/8Ba -  for Sale in Rancho Palos Verdes
$4,199,000
MLS# SB17015882

2970 Twin Harbors View Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,190,000 - 7Br/7Ba -  for Sale in Rancho Palos Verdes
$4,190,000
MLS# PV17241026

3324 Crownview Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$4,100,000 - 4Br/5Ba -  for Sale in Rancho Palos Verdes
$4,100,000
MLS# PV17051608

70 Calle Cortada
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$3,500,000 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$3,500,000
MLS# SB17048321

3422 Palo Vista Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$3,499,999 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$3,499,999
MLS# SB17029654

50 Pacifica Del Mar
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$3,495,000 - 5Br/6Ba -  for Sale in Rancho Palos Verdes
$3,495,000
Open House
New
MLS# PV17260049

5933 Ocean Terrace Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$2,998,888 - 6Br/5Ba -  for Sale in Rancho Palos Verdes
$2,998,888
MLS# PV17205667

4764 Browndeer Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$2,888,000 - 5Br/5Ba -  for Sale in Rancho Palos Verdes
$2,888,000
MLS# PW17216718

6005 Ocean Terrace Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$2,848,000 - 5Br/5Ba -  for Sale in Rancho Palos Verdes
$2,848,000
Open House
MLS# SB17082224

3355 Palo Vista Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence

 

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