109 Single family homes are currently for sale on the Palos Verdes Peninsula. No wonder bidding wars are the norm rather than the exception in today’s real estate market.
108 Single family homes in Palos Verdes are in escrow. Those number translate less than a one-month supply of homes for sale. It’s easy to see why buyers are getting discouraged and wondering if they will ever find a home in Palos Verdes.
Yes, there’s a problem and sellers are needed to help solve it. The solution is to add homes to the inventory to reduce the madness of multiple offers and release some of the pent-up demand from buyers. It’s a seller’s market once again, but we need sellers to make the first move–we can’t list it until you’re ready to sell it!