Fall Market Trends in Palos Verdes

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

A FISBO ( real estate talk meaning for sale by owner) seller disappointed in the low turnout at his open house remarked to me last week, " There's is no traffic on The Hill (local lingo for the Palos Verdes Peninsula) this week.  He was a bit perplexed.  He lamented, "Just when I bring my property on the market, the market cools off."

Years of experience under my belt helped me reply.  "It's August.  This is family vacation month.  It's also back-to-school month and all that entails."  Shopping, registration and a host of school related activities plus last minute summer vacations takes precedence over open house visitation in this family oriented community.

Josh and I are winding down our summer with the sale of a home in South Shores, one of San Pedro's best neighborhoods if you're in the market for an ocean view property at a reasonable price compared to pricier Palos Verdes next door.  After Labor Day we will list a home and close a sale in Redondo Beach.  

Fall is one of the most invigorating times of the year with cooler nights and shorter days but still perfect for selling or buying a Palos Verdes property.  Yes, the market may be in the middle of its summer doldrums, but fall is just around the corner.  

If a real estate move is still on your 2014 calendar Charlemagne Int'l Properties would love to help you make it happen.

 

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Location:
California Los Angeles County Rancho Palos Verdes
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Good news that the market is expected to pick up as autumn rolls in, but bad news for me!  I'm a lover of all things summer.

Aug 17, 2014 02:52 AM #1
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

John - I'm always a bit sad to see summer fade away as well.  However, fall is usually a busy time and I'm looking forward to it.

Aug 17, 2014 03:00 AM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Norma Toering, thank you for providing such informative market data!  Well done.  This is extremely important for both buyers and sellers alike.

Aug 17, 2014 06:11 AM #3
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Norma Toering Broker for Palos Verdes and Beach Cities
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Palos Verdes Luxury Homes in L.A.

Jim - Yes, the the uninitiated can miss those little market nuances, or worse yet, misinterpret them.

Aug 17, 2014 06:15 AM #4
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Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Norma - Your experience as a Palos Verdes and surrounding area real estate professional really does pay off for your clients! Knowing local trends can really add value (dollars in a sellers' pocket) to a transaction.  I hope the FISBO will call you for help in selling their home!

Aug 17, 2014 09:29 AM #5
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Norma Toering Broker for Palos Verdes and Beach Cities
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Palos Verdes Luxury Homes in L.A.

Laura - Time will tell.  :)

Aug 17, 2014 09:47 AM #6
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Norma

It Seems that the fall market came fast this year.

Good luck and success.

Lou Ludwig

Aug 17, 2014 11:41 AM #7
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Norma Toering Broker for Palos Verdes and Beach Cities
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Palos Verdes Luxury Homes in L.A.

Lou - It won't be in full swing until after Labor Day, but it's on the way.

Aug 17, 2014 11:44 AM #8
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Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Norma,  You definitely know your market.  Anyone looking to buy or sell in Palos Verdes needs an experienced agent and should call you.  It's been quiet here too.  School starts this week.  Enjoy the rest of your summer.

Aug 17, 2014 12:02 PM #9
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Palos Verdes Luxury Homes in L.A.

Elyse - Yes, my business partner is taking a short vacation next week, then we are ready to make it a strong fall selling season.

Aug 18, 2014 12:33 AM #10
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