Are Palos Verdes Home Prices (CA) Ready to Fall?

Real Estate Agent with Call Realty Company

One of my clients asked me yesterday about whether or not I thought we were in another “price appreciation bubble” for Palos Verdes Estates home prices. Let’s get one thing clear here, I have no crystal ball and as they say, "past performance is no guaranty of future results"

However, one of the benefits you have of choosing me as your broker is my experience and knowledge of the market based on facts. Here's an example of the kind of data at my finger tips that I use for my clients' benefit

Palos Verdes Home Prices

palos verdes home prices

If you look carefully, you will see that since the early 90s there have been 2 downturns in the market. And the appreciation cycles have been about 7-8 years or so. The up cycle we're in now is only 2 or 3 years young. What's even better is the supply side of the picture.

Go to my blog and look at the 3/17/2015 post. At the bottom of the page you will see that supply of homes coming to market is not only down, but is at the lowest listing volume rates in decades. There is such an imbalance in the supply side, that with demand as strong as it is (even if/when rates go up with the economy slowly improving) it will take years for an equilibrium to take place.

In my studied opinion, strong price appreciation is "baked in" to this cake we call a real estate market. I welcome your comments.

Pictures and Details

Palos Verdes Homes from $1,250,000 to $2,250,000 

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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Home prices remain higher than last year’s prices, though the increase is markedly smaller than experienced in 2012-2014. Anticipate prices to continue to rise slightly through mid-2017, due to historically-low mortgage rates. However, once mortgage rates rise in 2017 due to action by the Federal Reserve, expect sales volume to drop, placing downward pressure on home pricing 9-12 months later.

Apr 05, 2017 11:03 PM #1
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