Palos Verdes Lifestyle - Norma Toering 310-493-8333

head_left_image

Palos Verdes Luxury Home Market Report - Oct. 2016

PV luxury home

 

There's some pleasant news for Palos Verdes luxury homeowners, especially those who have their single family residence for sale, the high-end housing market in Palos Verdes picked up a little steam after languishing during the final months of summer. Supply is still outstripping demand and tipping the balance toward a buyers' market, but Palos Verdes luxury homes continue to sell.

 

oct-luxury-slider

 

Note the "Little Yellow Dot" on our market snapshot slider for Palos Verdes and the Beach Cities is moving toward the left, after a couple of month of sliding toward a market favoring buyers. The luxury home market in the Beach Cities remains strong, and the high-end home market in Palos Verdes is moving back into neutral territory with a more balanced market favoring neither sellers nor buyers.

 

PVE Luxury Home View

 

Palos Verdes Luxury Home Report for October 2016:

There are 55 Palos Verdes luxury homes priced at or above $3,000,000.

13 Palos Verdes luxury residences are in escrow with accepted offers.

43 Luxury homes in Palos Verdes priced above $3,000,000 sold year-to-date.

 

For more information about Palos Verdes luxury homes contact Norma@CharlemagneProperties.com or call me at 310.493.8333.  It will be my pleasure to represent you in the sale of your property or assist you in finding the perfect Palos Verdes luxury residence for you.

What is your home worth?

Sell Smart, Buy Wise and Live Well

Norma Toering - Real Estate BrokerNorma Toering & Team
Broker-Owner - Charlemagne International Properties
310.493.8333 - Email Norma

 

 

 

 

Find Norma on: Facebook - Twitter - LinkedIn - Pinterest - Google+

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.
  • Rancho Palos Verdes Top Real Estate Agent

Palos Verdes Homes Blog - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Real Estate Agent
Palos Verdes Coastal Homes - Palos Verdes Home Search
Photos of Palos Verdes - Palos Verdes Videos
Palos Verdes Luxury Homes - Beach Cities Homes - Income Property in the South Bay

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.

Comments

This is a very informative post. Thank you for sharing and best of luck!

Posted by Jeremy K. Frost, Associate Broker, CNE, CRS, ePro, PSA (Keller Williams Realty) almost 2 years ago

Hi Norma

The luxury home sellers must be please to hear this news about increase activity.  Luxury buyers interested in the PV Peninsula should be in touch with you to truly understand what's going on in your local market and to positition themselves to move on a new purchase.

Are you seeing competitive offers?

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) almost 2 years ago

Norma Toering Broker for Palos Verdes and Beach Cities - It's nice to not be in extreme market conditions.  A wonderful time for high-end luxury buyers to shop for a new home in Palos Verdes!  Excellent real estate update!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 2 years ago

Jeff - After some downward pressure on price, luxury homes are selling closer to asking price once again.

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A. (Charlemagne International Properties) almost 2 years ago

Laura - I like the way you think! Yes, the holidays are a wonderful time to include shopping for a new luxury home in Palos Verdes.

Posted by Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A. (Charlemagne International Properties) almost 2 years ago

This blog does not allow anonymous comments