It was exactly one year ago when my market indicator (The Little Yellow Dot) signaled a shift in the luxury home market on the Palos Verdes Peninsula. The Little Yellow Dot edged closer to a buyers' market after many months of indicating a neutral market for luxury properties in Palos Verdes.
September 2017 statistics for luxury residences priced over $3MM reveal the high-end home market is still locked in a buyers' market. During August 2017 The Little Yellow Dot moved slightly away from a hot buyers' market, due to a few more sales and some properties were taken off the market, thereby reducing the number of luxury homes currently for sale.
There are currently 59 Palos Verdes luxury residences priced over $3MM for sale. Six luxury properties are in escrow with accepted offers, and 37 Palos Verdes luxury homes have sold year-to-date in 2017.
For more information regarding buying or selling a Palos Verdes luxury residence contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.
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