Southern California Real Estate Trends

This blog post is written as a preview for Southern California real estate trends and yet it does focus on one of the more if not the most important metrics anyone should be studying when trying to figure out what the market is doing and where prices might be trending.

SUPPLY AND DEMAND

What we’re going to be looking at here are the numbers from the CRMLS for the South Bay area of Southern California.  This comprises Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, San Pedro, Hawthorne, Lawndale, Lomita and Habor City.

Southern California Real Estate Trends

For the first time in a very long time, the balance between supply and demand has shifted strongly positive.  As you can see in the video, most of the time, the number is in varying stages of negative territory.  This makes sense, even in very good markets as there will always be evidenced in the Southern California Real Estate Trends, sellers that over price their homes and which never sell.

Real Estate is a commodity like anything else and in the second chart in the video you can see what’s happening to the absorption rate.  The absorption rate as I calculate it for Southern California real estate trends is an other proprietary supply/demand based metric that I use to measure market strength.

So what are the absorption rate trends and the balance of supply/demand trends telling us about the likely path of South Bay home prices?  If you would like to receive my full reports (includes over 20 proprietary charts, most updated weekly, some monthly and annually), please complete the form below

Of all the Palos Verdes homes in escrow now, what are the highest in demand Palos Verdes home values?

southern california real estate trends

With 52% of the Palos Verdes homes in escrow now within the 1,000,001 – $1,500,000 price range, at least for the Palos Verdes portion of Southern California Real Estate trends, here are the homes now for sale in this price range (this section will update live each time you visit with the latest listings sorted by listed date)

* Separate multiple values with comma.

Sort by:
$1,264,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,264,000
New
MLS# PV18011378

28704 Golden Meadow Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,275,000 - 4Br/3Ba -  for Sale in Palos Verdes Estates
$1,275,000
New
MLS# PV18010605

4237 Via Alondra
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,399,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,399,000
Open House
New
MLS# PV18004448

6505 Beachview Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,449,000 - 3Br/3Ba -  for Sale in Palos Verdes Estates
$1,449,000
New
MLS# PV18009152

3416 Via La Selva
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,389,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,389,000
New
MLS# SB17280269

30506 Via La Cresta
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,300,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,300,000
New
MLS# PV18004427

5546 Scotwood Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,299,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,299,000
MLS# SB17268985

29948 Knoll View Drive
Rancho Palos Verdes, CA 90275

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

70 Portuguese Bend Road
Rolling Hills, CA 90274

Property Type: Single Family Residence
$1,269,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,269,000
MLS# SB17253999

5229 Silver Arrow
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,295,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,295,000
MLS# PV17251878

26624 Indian Peak Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,399,999 - 4Br/4Ba -  for Sale in Rancho Palos Verdes
$1,399,999
MLS# PV17248077

4333 Via Frascati
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,400,000 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$1,400,000
Open House
MLS# PV17230771

3808 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,490,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,490,000
MLS# TR17219965

5068 Delacroix Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,299,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,299,000
MLS# PV17278332

5419 Whitefox Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,499,000 - 3Br/2Ba -  for Sale in Palos Verdes Estates
$1,499,000
MLS# PV17175525

2552 Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,224,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,224,000
MLS# SB17114026

28702 Lomo Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,298,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,298,000
MLS# SB17111402

5672 Sunmist Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence


Get the latest real estate trends from Manhattan Beach homes south through the Palos Verdes homes markets


Deep demographics on the individual multiple listing service areas, not just zip codes but rather specific zip codes

 

 

Google+ Join me on Google+Original Content for Palos Verdes Home Sales George Fotion George Fotion on Zillow

 

 

 

George Fotion reviews

george fotion on yelp

Take a moment to write a review of George Fotion on Yelp