It's no secret the supply of available homes for sale on the Palos Verdes Peninsula is limited and buyer demand is high. The January statistics are in, and they reflect more of the same--low inventory and high demand from buyers ready to purchase a Palos Verdes home. Such has been the case for the past several years, and the trend shows no evidence of disappearing anytime soon.
Sellers, with the increase in prices and limited competition in the marketplace, now is an excellent time to consider selling your Palos Verdes property.
Here's how the Palos Verdes housing market ended the month of January 2016:
31 Palos Verdes single family homes sold during January.
71 Palos Verdes single family homes are in escrow with accepted offers.
154 Palos Verdes single family homes are listed for sale as of February 3, 2016.
At the current rate of absorption, there is approximately a two-month supply of homes for sale. Given these statistics, the spring market will need an infusion of new listings to keep up with demand.
Need an agent to help you with the preparation and sale of your Palos Verdes residence? Josh and I would be honored to help you achieve your real estate goals.
- Norma 310-493-8333
Sell Smart, Buy Wise and Live Well
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Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.