The Palos Verdes luxury home market closed out 2017 with 51 sales of homes priced at or above $3,000,000. Thirty of the luxury home sales are located in Palos Verdes Estates. Rancho Palos Verdes recorded twelve sales, and Rolling Hills had nine luxury homes sales in the $3,000,000 and up price range.
There are currently 35 Palos Verdes luxury homes for sale on the entire Palos Verdes Peninsula, and six Palos Verdes residences priced over $3 mm are in escrow with accepted offers.
The number of Palos Verdes luxury homes listed for sale declined over the holidays as several were taken off the market. I expect these homes to come back on the market in the coming weeks. Based on calls and inquiries I'm receiving, I expect 2018 to be another healthy year for the luxury home market on the Palos Verdes Peninsula.
Luxury homes tend to average more days on the market due to the smaller pool of buyers purchasing properties in the high-end price range.
For more information about Palos Verdes luxury homes contact me at 310.493.8333 or email Norma@CharlemagneProperties.com.
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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.