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Palos Verdes Real Estate Market Update--September 2015

By
Real Estate Broker/Owner with Charlemagne International Properties BRE# 01147470

PV bluffs and ocean

Often, my blog posts are inspired by my own curiosity rather than a pre-planned blogging schedule.  As I ground my morning coffee beans and listened to the sound of rain falling (rejoice!),  I found myself wondering about the number of homes for sale in various price categories.  The catalyst for this thought was undoubtedly the approaching arrival of a client in hopes of purchasing a remodeled Palos Verdes property with a big ocean view for under $2,000,000.

Palos Verdes neighborhood

So this morning's blog article is not only an update for the regular readers of my blog, but also research for an upcoming purchase.  Let's begin with single family homes for sale priced below $1,000,000:

22 Palos Verdes single family homes are currently for sale priced at or below $1,000,000.  The majority of those homes are located in the Eastview neighborhood of Rancho Palos Verdes.

 

100 Palos Verdes single family homes are for sale priced from $1,000,000 to $2,000,000.

 

40 Palos Verdes single family residences are for sale priced from $2,000,000-$3,000,000.

 

46 Palos Verdes single family properties are for sale priced at or over $3,000,000.

Palos Verdes Estates neighborhood

With slightly over 200 single family homes for sale these statistics reveal the dwindling number of homes priced below the million dollar price range.  On the other hand, the number also reveal Palos Verdes with its coastal location, stunning views and superior school system continues to define itself as a premiere luxury living location in Southern California.

View from area 168 Seaglen

 

By the way, sellers, if you are thinking of selling your remodeled ocean view property, give me a call.  It might be just what my client is looking for as long as the price hovers near the $2,000,000 range or below.

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