Homes are selling in the Peninsula Center neighborhood of Rancho Palos Verdes. If you cruise through the neighborhood looking for For Sale signs you will find only a few, and many of those will have a Sale Pending sign attached. That's good news for Peninsula Center homeowners. 
Peninsula Center real estate statistics for May 2009:
Active Listings: 8 Single Family Homes are for sale priced from $899,000 to $1,299,000.
Pending Sales: 5 Properties are in escrow priced from $800,000 to $1,290.000.
May Sales: 2 Homes closed escrow at $875,000 and $1,000,000.
If you're searching for a home in Palos Verdes and need some help in finding the right house in the right neighborhood I would be happy to help.
Previous Palos Verdes and San Pedro Market Reports
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333
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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. 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.
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It sounds like you need more inventory!
Jen - Actually we do need more inventory--most homeowners are waiting for the market to improve and are not selling unless they have an urgent need to move.