Monday, November 12, 2012

What's selling in Palos Verdes

526 Palos Verdes single family homes have sold in 2012 as of Oct. 30, 2012.  There are currently 108 single family homes in escrow.  No doubt about it, the Palos Verdes housing market is on the move.  Homes priced under $2,000,000 are in high demand.
The luxury home market is moving at a much slower pace.  70 of the 526  2012 sales were luxury homes priced over $2,000,000.  There are currently 14 luxury homes in escrow and 55 homes priced over $2,000,000 are listed for sale.
The market is always speaking to us.  These statistics suggest now is a great time to list PV properties priced under $2,000,000.  Prospective buyers of these properties must present the strongest offer possible.  On the other hand, buyers of luxury properties have many more properties to choose from and can expect to exercise more negotiating muscle.

Sell Smart, Buy Wise and Live Well

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333
PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by as one of the top ten Los Angeles area real estate blogs. Chosen by 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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