Homes under $1,000,000 in Palos Verdes are considered entry level homes. New Palos Verdes residents are often move up buyers and aspire to move to the Palos Verdes Peninsula for a host of reasons such as the coastal location, large lots, open space, stunning views and last but not least the award winning school system.
How's the Palos Verdes real estate market? I'm glad you asked. Inventory is very low, and the demand for homes priced under $1M is high. If you're in the market to buy a home priced under $1,000.000 in Palos Verdes, it would be a good idea to begin your search sooner rather than later. It can take months to find the right house, and remember, many other buyers are comparison shopping too.
Where are those under $1M homes located? Here's the current list by neighborhoood:
Lunada Bay: 1
Monte Malaga: 2
Malaga Cove: 1
Valmonte: 6
Palos Verdes Drive North: 6
Rolling Hills: 0
Palos Verdes Drive East: 11
Mira Catalina: 3
Palos Verdes Drive South: 3
Palos Verdes Drive West: 0
Country Club 0
La Cresta: 0
Los Verdes: 1
Crest: 0
Peninsula Center: 2
Silver Spur: 6
Eastview: 14
If you're considering a move to the Palos Verdes Peninsula, contact me for more information on homes offering the best value.
Sell Smart, Buy Wise and Live Well
Sell Smart, Buy Wise and Live Well
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333
PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
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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Hi
I live in Yountville in the Napa Valley and entry level homes here are not as pricy but high but still I get sticker shock from several people traveling here when the stop by the office to inquire on property. I know prices here are what they are but your title caught my eye. Hopefully it will attract a couple of buyers for you.
Curtis - I love Yountville and the Napa Valley, and yes, California house prices have declined but compared to much of the nation they are still on the high side.
Wow, Norma, you certainly operate in an upscale market, that's for sure. Entry level homes here are in the $150,000 range.
Great post. I know people love your area and under a million makes it obtainable to some that would like to have slice of your pie.
Malcolm: Yes, the Palos Verdes Peninsula is an upscale area. I think the median price is around $1,700,000 for single family homes.
Kim - You're right--the turnover in homes priced under $1M is fairly brisk.