Homes are selling in the Peninsula Center neighborhood of Rancho Palos Verdes. If you cruise through the neighborhood looking for For Sale signs you will find only a few, and many of those will have a Sale Pending sign attached. That's good news for Peninsula Center homeowners. 
Peninsula Center real estate statistics for May 2009:
Active Listings: 8 Single Family Homes are for sale priced from $899,000 to $1,299,000.
Pending Sales: 5 Properties are in escrow priced from $800,000 to $1,290.000.
May Sales: 2 Homes closed escrow at $875,000 and $1,000,000.
If you're searching for a home in Palos Verdes and need some help in finding the right house in the right neighborhood I would be happy to help.
Previous Palos Verdes and San Pedro Market Reports
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
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.
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It sounds like you need more inventory!