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:
$1,490,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,490,000
New
MLS# PV17242165

29603 Highpoint Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,195,000 - 3Br/2Ba -  for Sale in Palos Verdes Estates
$1,195,000
New
MLS# SB17222850

2616 Via Anacapa
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,425,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,425,000
New
MLS# SB17240464

2649 Via Pacheco
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,250,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,250,000
New
MLS# PV17240928

29872 Knoll View Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,399,000 - 3Br/3Ba -  for Sale in Palos Verdes Estates
$1,399,000
New
MLS# PV17241508

4324 Via Azalea
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,325,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,325,000
New
MLS# PV17236105

27419 Elmbridge Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,189,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,189,000
New
MLS# SR17236379

27004 Grayslake Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,289,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,289,000
New
MLS# PV17235930

30138 Via Victoria
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,250,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,250,000
MLS# IG17231383

5320 Ironwood Street
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,445,000 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,445,000
MLS# PV17230947

5818 Sunmist Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,489,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,489,000
MLS# PV17230815

30141 Via Victoria
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,500,000 - 4Br/4Ba -  for Sale in Palos Verdes Estates
$1,500,000
MLS# PV17230771

3808 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,495,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,495,000
MLS# SB17228478

3620 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,185,888 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,185,888
Open House
MLS# SB17230540

27037 Woodbrook Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,249,900 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,249,900
MLS# PV17229427

26812 Shorewood Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,150,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,150,000
MLS# PV17229149

2830 San Ramon Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,495,000 - 3Br/3Ba -  for Sale in Rolling Hills Estates
$1,495,000
MLS# PV17220487

6 Dobbin Lane
Rolling Hills 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
$1,245,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,245,000
MLS# PV17219760

5649 Whitecliff Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,485,000 - 5Br/4Ba -  for Sale in Rancho Palos Verdes
$1,485,000
MLS# PV17211077

29108 Covecrest Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,280,000 - 3Br/4Ba -  for Sale in Rolling Hills Estates
$1,280,000
MLS# PV17214410

19 Pepper Tree Lane
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence
$1,035,000 - 3Br/3Ba -  for Sale in Rancho Palos Verdes
$1,035,000
MLS# SB17211954

2021 W Toscanini Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,059,000 - 4Br/2Ba -  for Sale in Rancho Palos Verdes
$1,059,000
MLS# PV17213185

28619 Mount Sawtooth
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,395,000 - 4Br/3Ba -  for Sale in Palos Verdes Peninsula
$1,395,000
MLS# SB17209364

27241 Sunnyridge Road
Palos Verdes Peninsula, CA 90274

Property Type: Single Family Residence
$1,348,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,348,000
MLS# PV17209113

6504 Via Siena
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,249,000 - 3Br/2Ba -  for Sale in Palos Verdes Estates
$1,249,000
MLS# PV17207179

2546 Palos Verdes Drive W
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,450,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,450,000
MLS# PV17204487

2845 Via De La Guerra
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,480,000 - 3Br/2Ba -  for Sale in Palos Verdes Estates
$1,480,000
MLS# SB17197212

3324 Palos Verdes Drive N
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,298,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,298,000
MLS# WS17194271

6044 Scotmist Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,200,000 - 3Br/2Ba -  for Sale in Rancho Palos Verdes
$1,200,000
MLS# AR17180481

5911 Birchmont Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,295,000 - 4Br/4Ba -  for Sale in Not Applicable-169, Rancho Palos Verdes
$1,295,000
MLS# 317005924

6605 Channelview Court
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# PV17198038

513 Via Gorrion
Palos Verdes Estates, CA 90274

Property Type: Single Family Residence
$1,499,000 - 6Br/3Ba -  for Sale in Rancho Palos Verdes
$1,499,000
MLS# SB17164950

29657 Grandpoint Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,349,000 - 3Br/3Ba -  for Sale in Rolling Hills Estates
$1,349,000
MLS# SB17163968

36 Encanto Drive
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence
$1,399,000 - 5Br/4Ba -  for Sale in Rancho Palos Verdes
$1,399,000
MLS# PV17153077

3602 Greve Drive
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,388,888 - 5Br/3Ba -  for Sale in Rancho Palos Verdes
$1,388,888
MLS# SB17149918

2326 Rue Le Charlene
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,249,000 - 4Br/3Ba -  for Sale in Rancho Palos Verdes
$1,249,000
MLS# PV17148078

30016 Grandpoint Lane
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,429,000 - 3Br/3Ba -  for Sale in Rolling Hills Estates
$1,429,000
MLS# PV17148174

27705 Conestoga Drive
Rolling Hills Estates, CA 90274

Property Type: Single Family Residence
$1,225,000 - 2Br/3Ba -  for Sale in Rancho Palos Verdes
$1,225,000
MLS# NP17144432

3015 Crest Road
Rancho Palos Verdes, CA 90275

Property Type: Single Family Residence
$1,368,000 - 4Br/2Ba -  for Sale in Palos Verdes Estates
$1,368,000
Open House
MLS# PV17135558

4204 Via Nivel
Palos Verdes Estates, CA 90274

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