Although the overall Palos Verdes real estate market continues to enjoy a strong seller market, the luxury home market for those properties priced at or above $3,000,000 is tipped in favor of buyers. Yes, there can be markets within markets in the same community and they can be very different.
At the current rate of absorption, the Palos Verdes luxury home market has approximately a six month supply of inventory.
MARKET ALERT: Buyers, this is a "Buy" signal if you are in the market to purchase a Palos Verdes luxury home the market is ready and willing for you to make your move.
Palos Verdes Luxury Home Listings and Sales:
Seven Palos Verdes luxury homes priced at or over $3,000,000 sold during October 2015. The highest price paid for a PV home during the month was $7,450,000 for a home on Via Rincon in Palos Verdes Estates.
Eight Palos Verdes luxury homes in the three million dollar and up price range are currently in escrow with accepted offers.
Forty-seven luxury residences in the price category are for sale on the Palos Verdes Peninsula.
There are currently 204 single family homes for sale on the Palos Verdes Peninsula.
Palos Verdes Luxury Homes ($2M - $5M):
Palos Verdes Luxury Homes ($5M+):
Call Charlemagne Int'l Properties for help in find the right Palos Verdes luxury home for you! 310.493.8333 or 310.525.9440.
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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.