Palos Verdes Luxury Home Market Report - Oct. 2016

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

PV luxury home

 

There's some pleasant news for Palos Verdes luxury homeowners, especially those who have their single family residence for sale, the high-end housing market in Palos Verdes picked up a little steam after languishing during the final months of summer. Supply is still outstripping demand and tipping the balance toward a buyers' market, but Palos Verdes luxury homes continue to sell.

 

oct-luxury-slider

 

Note the "Little Yellow Dot" on our market snapshot slider for Palos Verdes and the Beach Cities is moving toward the left, after a couple of month of sliding toward a market favoring buyers. The luxury home market in the Beach Cities remains strong, and the high-end home market in Palos Verdes is moving back into neutral territory with a more balanced market favoring neither sellers nor buyers.

 

PVE Luxury Home View

 

Palos Verdes Luxury Home Report for October 2016:

There are 55 Palos Verdes luxury homes priced at or above $3,000,000.

13 Palos Verdes luxury residences are in escrow with accepted offers.

43 Luxury homes in Palos Verdes priced above $3,000,000 sold year-to-date.

 

For more information about Palos Verdes luxury homes contact Norma@CharlemagneProperties.com or call me at 310.493.8333.  It will be my pleasure to represent you in the sale of your property or assist you in finding the perfect Palos Verdes luxury residence for you.

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California Los Angeles County Rancho Palos Verdes
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Rainmaker
1,708,851
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

This is a very informative post. Thank you for sharing and best of luck!

Oct 27, 2016 09:02 AM #1
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Norma

The luxury home sellers must be please to hear this news about increase activity.  Luxury buyers interested in the PV Peninsula should be in touch with you to truly understand what's going on in your local market and to positition themselves to move on a new purchase.

Are you seeing competitive offers?

Jeff

Oct 27, 2016 09:56 AM #2
Rainmaker
1,137,494
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 Toering Broker for Palos Verdes and Beach Cities - It's nice to not be in extreme market conditions.  A wonderful time for high-end luxury buyers to shop for a new home in Palos Verdes!  Excellent real estate update!

Oct 27, 2016 05:27 PM #3
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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.

Jeff - After some downward pressure on price, luxury homes are selling closer to asking price once again.

Oct 28, 2016 01:50 AM #4
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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.

Laura - I like the way you think! Yes, the holidays are a wonderful time to include shopping for a new luxury home in Palos Verdes.

Oct 28, 2016 01:51 AM #5
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Palos Verdes Luxury Homes in L.A.
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