Palos Verdes Real Estate Market Update - Where are We on This Ride?

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

The Palos Verdes real estate market is picking up steam as we head into the prime selling months.  I was happy to see numbers this strong for the end of March 2008.

 

There are currently 234 Single Family Homes on the market in the Peninsula cities of Rolling Hills, Rolling Hills Estates, Palos Verdes Estates and Rancho Palos Verdes.

 

Now for the good news:  There are 73 Single Family Homes under contract and 67 Single Family Homes have closed escrow in 2008!  

 

This represents a balanced market--not a buyer's market and not a seller's market. Finally, this is a market for both.  It's a great time to buy or sell!

 

Whee, it feels really good to be working in a market that is neither insanely hot nor stone cold dead. I am happy to leave the drama behind and get on with the business of selling homes.

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 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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