“There are three kinds of lies: lies, damned lies, and then there are statistics.”
But we really do need to look at the numbers to find out what is REALLY going on, so allow me to share some facts.
First, what does it mean to talk about the “# days of unsold inventory” mean? Simply, it means given the existing level of supply, how many days would it take for the market to absorb through sale activity this existing supply given the rate at which homes have recently sold. This is a much more meaningful statistic than “average days on market”. The unsold inventory index really lets you know about the strength of the market, especially when put in perspective with past numbers.
Surprisingly, the market for homes over $1,000,000 has actually performed better than the entire South Bay market in all price ranges!
Get all information you want on Palos Verdes homes. Palos Verdes is a coastal "bedroom" community in southwest Los Angeles county. It is an affluent area about 13 miles or so south of LAX. Median price of homes is around the $1.3- $2.0mm range with homes starting in the mid $700,000 range and reaching as high as over $10mil. School district is one of the best in the USA. People live here because they enjoy the calm and "family" nature of the area. This is not a hip hop happening place. It's peaceful and quiet. So use this blog to learn about Palos Verdes and the four tiny cities that are located on the Palos Verdes Peninsula
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