December 2011 statistics for Palos Verdes real estate show a slowdown from November but on track compared to December 2010. Both pending sales and the number of Palos Verdes homes sold in December 2011 was less than the prior month. 47 Palos Verdes houses sold/closed escrow in December compared to 50 single family homes sold in November. December 2011 sales (47) are almost exactly the same as December 2010 (48). 41 Palos Verdes houses had pending sales in December compared to 50 homes in November. Inventory of active Palos Verdes homes for sale was 172, continuing the seasonal reduction in inventory (216 in October). It is interesting to note that in December 2010 there were 236 active Palos Verdes homes for sale – this year less choices for buyers and the lowest inventory in recent memory. Click here to read more about Palos Verdes homes sales for December...
Graph courtesy of Trendgraphix, Inc.
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