What better way to “catch up” on the Palos Verdes luxury home market, after traveling in Africa for nearly three weeks, than to review sales, new listings and pending escrows? It appears the market is roaring, although not quite as loud as Victoria Falls! Based on the January luxury home numbers, I believe 2014 will be an excellent year to purchase a Palos Verdes luxury home, or sell one since demand remains strong as we begin a new year.
Nine Palos Verdes luxury homes, priced over $2,000,000 closed escrow during January 2014. The priciest sale was $6,080,000 for a recently remodeled home in Oceanfront Estates in Rancho Palos Verdes.
Nine Palos Verdes luxury homes are currently in escrow with accepted offers and 58 Palos Verdes luxury homes ($2,000,000 and up) are currently listed for sale.
If you’re in the market to move up to the luxury market in Palos Verdes now is a wonderful time to make the move. Interest rates are still attractive and the selection of homes for sale in Palos Verdes is most plentiful in the luxury price range. For more information on Palos Verdes luxury homes contact Norma Toering at 310.493.8333 to arrange your private tour of some of the South Bay’s most luxurious residences.