There are currently nine Palos Verdes luxury homes, those priced at or above $3,000,000, in escrow with accepted offers. 64 Palos Verdes luxury residences are for sale, and 47 high-end Palos Verdes properties have sold year-to-date. The Palos Verdes luxury home market enjoyed an uptick in activity last month and moved the Little Yellow Dot closer to a neutral market.
More Palos Verdes Real Estate Snapshots for November 2018:
A glance reveals the Little Yellow Dots are indicating we are moving away from a seller’s market and into a neutral market favoring neither the seller nor the buyer. It’s been a few years since we had a balanced market. I expect prices to level off and inventory to increase slightly as sellers and buyers adjust to these new market conditions.
If you need more information about your neighborhood, call me at 310.493.8333 or email Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992