Tuesday, June 20, 2017

Palos Verdes Luxury Homes Market Report June 2017

The Palos Verdes luxury homes real estate statistics show it is moving toward a market favoring buyers.  For sellers, this means your luxury residence will face stiffer competition and must stand head and shoulders above the crowded Palos Verdes luxury home real estate market.

Palos Verdes luxury homes will continue to sell, but those offering the best value will be skimmed off the top of the rather long list of  65 luxury homes for sale, so make sure your home is perceived as crème de la crème.  The price should reflect the location, condition, view and perhaps even the seller's motivation level.  Today's buyers are savvy and informed. Yes, they want a new home, but they also want outstanding value.

There are currently nine Palos Verdes luxury homes in escrow with accepted offers.  21 Palos Verdes luxury homes priced over $3,000,000 sold year-to-date.  It's easy to see at the absorption rate of 4-5 luxury sales per month the current inventory of 65 luxury homes for sale will last for just over a year.  Armed with this knowledge, luxury home sellers must make sure their property garners the attention and offers of prospective luxury home buyers on the Palos Verdes Peninsula.

Palos Verdes Estates luxury home sold by Charlemagne Int'l Properties June 2017 for $3,150,000.

New listing in Rancho Palos Verdes represented by Charlemagne Int'l Properties:

Contact Norma at 310.493.8333 or Norma@CharlemagneProperties to arrange a tour of the 2016 Russ Barto remodel offered at $2,695,000.

Friday, June 16, 2017

Palos Verdes Luxury Home Market May 2017

New Construction Luxury Homes in Rancho Palos Verdes, CA
One of my clients has a Palos Verdes luxury home in escrow.  He is one of the fortunate, as there are 66 Palos Verdes luxury homes currently for sale.  Eleven Palos Verdes high-end homes are in escrow with accepted offers, and 15 Palos Verdes homes priced over $3MM have sold year-to-date on the Palos Verdes Peninsula.

The Palos Verdes luxury home market remains in a neutral market favoring neither the seller nor the buyer.

Gated Luxury View Bluff-Front Residence Currently For Sale in Palos Verdes Estates.

The breakdown of 2017 Palos Verdes luxury home sales as of May 2017 by the city:
Palos Verdes Estates:  12
Rolling Hills:  2
Rancho Palos Verdes: 1
Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula:  0

2017 appears to be Palos Verdes Estates' year to dominate luxury sales on the Palos Verdes Peninsula.  Since the median price of a single-family home in PVE is approaching $2MM, it's not unexpected to see many homes selling above the $3MM price range.

Questions about selling or buying a Palos Verdes luxury home?  Call me, and I'll be happy to answer your questions or assist you in finding the person who can.

Lower Lunada Bay Luxury Home Represented by Norma Toering of Charlemagne Int'l Properties.