Rolling Hills Real Estate Snapshot September 2018

Rolling Hills enjoyed an uptick in real estate activity during the past 30 days or so. Last month, 34 RH properties were for sale; The arrival of September found 25 Rolling Hills residences listed for sale on the Multiple Listing Service. The number of homes in escrow with accepted offers jumped from four to eight as well. That's significant movement, and enough to move market indicators from a neutral market to teetering on the edge of a seller's market. The median price for Rolling Hills homes is $3.3 mm with 50% of the homes selling under that price and 50% [...]

Palos Verdes Estates Real Estate Snapshot September 2018

Malaga Cove Plaza in Palos Verdes Estates Are you wondering about the strength of the real estate market in PVE? If you only have a few seconds to determine the answer, here is the Palos Verdes Estates single family homes real estate snapshot for September 2018: The Palos Verdes Estates real estate market is still strong, but as indicated by my Little Yellow Slider, it's inching its way toward a neutral market favoring neither the seller nor the buyer.   More Palos Verdes Peninsula single family homes real estate snapshots for September 2018: The luxury market for homes [...]

Rancho Palos Verdes Real Estate Snapshot September 2018

Portuguese Bend Beach Community in Rancho Palos Verdes   Rancho Palos Verdes has the most robust seller's market on the Palos Verdes Peninsula as we enter September 2018. The continued strength may be due to the lower median price when compared to other cities on the Palos Verdes Peninsula, thus making Rancho Palos Verdes the most affordable of the four cities located on The Hill. Palos Verdes Median Home Price by City: Rancho Palos Verdes:  $1.3 mm Rolling Hills Estates:  $1.4 mm Palos Verdes Estates:  $2.1 mm Rolling Hills:  $3.3 mm   There are 106 Rancho Palos Verdes [...]

Palos Verdes Luxury Homes Real Estate Snapshot September 2018

The Palos Verdes luxury home market experienced a noticeable uptick in activity at the close of summer with a few homes going off the market and the number of high-end homes in escrow nearly doubling.  With those numbers, my Little Yellow Dot indicates the luxury home market is still favoring buyers, but moving closer toward a neutral market favoring neither the seller nor the buyer.   The Rolling Hills market (primarily high-end properties) reflects a similar shift due to a reduction in the number of homes for sale, and an increase in the number of residences in escrow with accepted [...]

Rolling Hills Estates and PVP Real Estate Snapshot Sept. 2018

  New Construction Homes in Rolling Hills Estates   The median sale price for Rolling Hills Estates homes is $1.4 mm. There are 28 Rolling Hills Estates and PVP (unincorporated area of the Palos Verdes Peninsula) single-family homes listed for sale. Four RHE and PVP residences are in escrow with accepted offers. 56 PVP and RHE single-family properties have sold thus far in 2018.   My Little Yellow Slider indicates the Rolling Hills Estates and Palos Verdes Peninsula real estate markets moved into a buyer's market due to a slight increase in inventory and a dip in pending sales. [...]

Palos Verdes Real Estate Snapshot Sept 2018

  September is here, and I love the cooler mornings and evenings. There seems to be some cooling happening in the local single-family homes real estate market, too. Is it weather related? Maybe, but with back-to-school and a three-day weekend, it's difficult to pinpoint the reason. Most likely, it's an aging seller's market operating with a lower buyer demand--supply and demand define the market, and the Palos Verdes single-family real estate market is approaching a neutral market favoring neither the seller nor the buyer. Inventory is remaining steady with 216 Palos Verdes single family homes listed for sale. That's the [...]

Rolling Hills Estates and PVP Real Estate Snapshot August 2018

New Construction Home in RHE   Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering l Real Estate (@normatoering) on Aug 7, 2018 at 10:33am PDT If you live or are contemplating purchasing a home in Rolling Hills Estates or the unincorporated area of the Palos Verdes Peninsula, my Little Yellow Dot will give you a market update at a glance.  How easy was that? No graphs and charts to decipher or a lengthy analytical synopsis of the local real estate conditions.  :)  However, I can provide more details if wanted or needed. [...]

August 2018 Single Family Homes Snapshot for Rancho Palos Verdes CA

The summer of 2018 in Rancho Palos Verdes can be summed up with "Hot Market and even Hotter Weather." This RPV pool looked so inviting on a sizzling summer day.   Rancho Palos Verdes continues to be the hottest market on the hill, per my Little Yellow Dot market slider, with 107 single family homes for sale and 51 single family residences in escrow with accepted offers. 228 Rancho Palos Verdes single family homes have sold thus far in 2018.   Other Palos Verdes Peninsula Real Estate Snapshots for August 2018: Rolling Hills and the $3 mm and [...]

Rolling Hills Real Estate Snapshot August 2018

  Rolling Hills has 34 properties for sale, four in escrow with accepted offers, and 12 Rolling Hills residences have sold thus far in 2018. Supply outstrips demand in the Rolling Hills real estate market, and this imbalance indicates a strong buyer's market. However, due to an uptick in the number of homes in escrow, my Little Yellow Dot slider shows the buyer's market is inching toward a neutral market favoring neither the seller nor the buyer as summer draws to a close. Other Palos Verdes real estate market snapshots for August 2018: Palos Verdes Real Estate Snapshot for August [...]

Palos Verdes Estates Real Estate Snapshot August 2018

Queen's Necklace view from a Palos Verdes Estates window. There are 54 Palos Verdes Estates single-family homes listed for sale per the local Multiple Listing Service. This number has remained in the 50 to 60 range for the past several months. These consistent statistics indicate Palos Verdes Estates homes are being listed and sold at a rate that keeps supply and demand balanced. My "Little Yellow Dot" points to a stable market, but with some cooling and movement toward a neutral demand in the Palos Verdes Estates single-family real estate market. 18 Palos Verdes Estates single-family homes are [...]