The stock market had a few unpredictable mood swings this week and I detected lightly masked nervous tones from clients. Some questioned whether they should move forward with listing their house. Others wondered if they should rush to lock in the new lower interest rate, or cancel their existing offer and wait for prices to plummet.
The volatility prompted me to check the facts provided by the local MLS statistics. After all, news stories hype the hysteria of the moment, but recent sales and pending sales tell the quiet story and lets us peek at the unemotional side of what's happening inside the workings of the local real estate market. So step behind the curtain with me and view of snapshot of Palos Verdes high end home sales for 2011 year -to-date.
Palos Verdes $2,000,000-$3,000,000 High End Home Sales for 2011:
A total of 32 homes in the price closed escrow this year. City breakdown is as follows:
Palos Verdes Estates: 15 Single Family Homes Sold
Rolling Hills: 4 Single Family Homes Sold
Rancho Palos Verdes: 3 Homes Sold
Palos Verdes Peninsula (unincorporated area of PV): 2 Homes Sold
Rolling Hills Estates: 1 Home Sold
During the same time period in 2010 (January 1-August 13) 33 homes in the price range sold. 32 this year--33 last year. How's that for consistency? If you are searching for one of the most stable real estate markets in Southern California, the coastal cities of the Palos Verdes Peninsula remains a highly desirable choice.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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