The predictions for a real estate market slowdown is having minimal effect on the Palos Verdes Estates single-family segment of the local housing market. My Little Yellow Dot shows the PVE market is still in a healthy seller’s market, although it’s not white-hot, homes are still selling at a steady clip. Yes, the indicator is inching toward neutral territory, but 18 Palos Verdes Estates residences are in escrow with accepted offers. 62 PVE single-family properties are listed for sale, and 141 Palos Verdes Estates homes have sold thus far in 2018.
Sellers can expect buyers to have more choices and exercise more negotiating before finalizing a sale. These are the stable conditions we can expect in a neutral market favoring neither the seller nor the buyer.
More Palos Verdes Real Estate Snapshots for October 2018:
Selling Palos Verdes Properties Since 1992
For more information about listings and sales in Palos Verdes Estates contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.