Nearly half the homes listed for sale on the Palos Verdes Peninsula are located in Rancho Palos Verdes. There are 227 single-family homes for sale in PV, and 111 of them are in Rancho Palos Verdes. 38 Rancho PV single-family houses are in escrow, and 294 RPV residences have sold thus far in 2018.
Although my Little Yellow Dot indicates the Rancho Palos Verdes real estate market is inching toward a neutral market favoring neither the seller nor the buyer, it remains the hottest market on “The Hill.” Higher interest rates coupled with higher prices are impacting the local housing market by moving it closer to a neutral market after years of a raging seller’s market.
Other Palos Verdes Real Estate Snapshots for October 2018:
For more information about selling or buying a Palos Verdes property contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.
Selling Palos Verdes Properties Since 1992