Yesterday, a fellow agent remarked, "I have three PV buyers and nothing to show them."
Her words may have been a bit of an exaggeration to drive home the point of extremely low inventory on the Palos Verdes Peninsula. There are currently only 247 single family homes for sale in the four cities that make up the Palos Verdes Peninsula--Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills and Rolling Hills Estates. Market conditions are lining up to signal it's a good time to sell.
If you're planning to list your property next spring you may want to reconsider the timing. Market conditions and personal choice determine timing not calendar month. The market is signaling now may be the most opportune time of the year to sell a Palos Verdes property. Local market statistics confirm my observation. There are currently 99 single family homes in escrow. At the current rate of absorption, and no new listings, inventory will be depleted in less than three months.
Timing may be the most underrated component of a successful sale. Location has long been touted as the kingpin. Price must be in line with market conditions. Preparation and presentation play a key role in attracting buyers. Timing the market is an art aspired to by many. It is tough and involves luck as well as skill. There will be always be unknown components, but having less competition for qualified buyers certainly tips the scales in favor of the seller.
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.