Sunday, June 8, 2014

Palos Verdes Luxury Home Market Update--June 2014

A knock out backyard view in Malaga Cove - Palos Verdes Estates CA.

There are currently 83 Palos Verdes luxury homes for sale priced over $2,000,000. 24 Palos Verdes luxury homes are in escrow with accepted offers, and 15 Palos Verdes luxury homes sold during May 2014. 

The most expensive single family home sale on the Palos Verdes Peninsula for the month was $4,680,000 for a home on Sea Cove in the Palos Verdes Drive South neighborhood. The number of homes for sale in Palos Verdes is increasing.

 There are now 188 single family homes for sale after months of declining inventory and at one point dipping below 100 single family homes on the market. The rise may be due to the increase in number of listings typical of the spring market, combined with buyers reaction to higher prices. 

- Norma (310) 493-8333

Palos Verdes homes for sale priced over $2,000,000:
Palos Verdes homes for sale priced over $5,000,000: