Monday, March 13, 2017

Palos Verdes California Luxury Home Market Report March 2017

There is no question some of the best Palos Verdes homes for sale sport a hefty price tag. There are currently 54 Palos Verdes luxury homes for sale priced at or above $3,000,000. Here's the location breakdown by the city:
Palos Verdes Estates:  23
Rancho Palos Verdes:  16
Rolling Hills:  13
Rolling Hills Estates:  1
Palos Verdes Peninsula (unincorporated areas):  1
Since there are 147 single family residences for sale on the entire Palos Verdes Peninsula, luxury homes now comprise approximately one-third of the single-family homes for sale.

Ten Palos Verdes luxury homes are in escrow with accepted offers. At the current rate of absorption, we have a six-month supply of luxury homes for sale. These supply and demand numbers place the luxury market in a neutral market favoring neither the seller nor the buyer.

Eight Palos Verdes high-end luxury properties have sold 2017 year-to-date.

For more information about luxury homes on the Palos Verdes Peninsula contact or text or call 310.493.8333.