Palos Verdes Real Estate Market Update | PV Brokers Residential

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Palos Verdes Real Estate MARKET UPDATE (November 6, 2011)

MARKET ALERT! –>

The market inventory of single-family residences on the Palos Verdes Peninsula continued to decline to 223. The new listings during last week were 17 which is too many, but there have been also a large number of cancellations. Sales (escrow openings) slowed a bit to 9. The demand and supply gap is now below 133, and rapidly declining. This sharply improving demand-supply condition has not been translated into a higher price.

Although inventory is relatively low, home prices are still very weak and given the approaching holiday season, prices may not start recovering in a meaningful way until early next year.

Sales during last week were again led by lower priced property. The Rancho Palos Verdes West areas, conversely, are doing very well.

With rates continuing to be favorable and the possibilty of the conforming loan level returning to $729K, we continue to believe that this represents a unique opportunity for Palos Verdes Real Estate.

Please visit our Featured Palos Verdes Real Estate Listing

 
Please read more in our popular blog with unique analysis and full of useful information. PV Brokers Real Estate Blog

(As of 09:30, November 6, 2011)

 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
$700,000 —  $799,900 22 28 127%
$8,000,000 —  $899,900 14 14 100%
$900,000 —  $999,900 21 11 52%
$1,000,000 —  $1,249,900 32 11 34%
$1,250,000 —  $1,499,900 32 13 41%
$1,500,000 —  $1,999,900 40 13 33%
$2,000,000 —  $2,999,900  27 4 15%
$3,000,000 —    45 6 13%
TOTAL 233 100 ↑ 43%
MEDIAN PRICE (,000) $1495 $995  
(Source: MLS)

Townhomes and Condominiums
The townhouse market continued doing well; the condo market suddenly got momentum. (E/A Ratio:townhomes- 82%; condos- 69%)

 


Cmm_report_mediansoldprice_chart
Cmm_report_averagedom_chart
Cmm_report_pricingequilibrium_chart

Real Estate Tools and Research

 

Visit www.pvbrokers.net “Where Integrity Meets Experience”

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Real Estate Articles and Trends blog search Time to Buy Palos Verdes Real Estate? buy palos verdes real estate

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For more information on homes for sale in Palos Verdes, Palos Verdes real estate, palos verdes homes for sale, palos verdes realtors, palos verdes real estate market information as well as quality information on homes for sale in Rancho Palos Verdes, Palos Verdes Estates homes for sale, Manhattan Beach real estate, HermosaBeach real estate, Redondo Beach real estate, Torrance real estate, Palos Verdes real estate trends,and real estate trends in the Beach Cities, Palos Verdes Estates and the South Bay, visit www.pvbrokers.net

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PV Brokers provides residential real estate services in the Los Angeles County South Bay communities of Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Hermosa Beach, Manhattan Beach, Torrance and San Pedro. As a boutique Realty, our Palos Verdes Real Estate agents and palos verdes brokers are committed to giving our clients specialized service and attention. For more information on Palos Verdes real estate, palos verdes homes for sale, palos verdes foreclosures, homes for sale in Palos Verdes, palos verdes market information in addition to quality information on homes for sale, visit www.pvbrokers.net .

          

Logo

                          Bart Cleveland

                               Broker
              Where Integrity Meets Experience
                             310.872.0778  c

                             310.684.3156  o   

                          www.pvbrokers.net
                 www.palosverdesrealestateagents.net

             www.palosverdesrealtors.net                          

 

 

 

 

Palos Verdes Real Estate Market Update | PV Brokers Residential

Leave a comment

Palos Verdes Real Estate MARKET UPDATE (November 6, 2011)

MARKET ALERT! –>

The market inventory of single-family residences on the Palos Verdes Peninsula continued to decline to 223. The new listings during last week were 17 which is too many, but there have been also a large number of cancellations. Sales (escrow openings) slowed a bit to 9. The demand and supply gap is now below 133, and rapidly declining. This sharply improving demand-supply condition has not been translated into a higher price.

Although inventory is relatively low, home prices are still very weak and given the approaching holiday season, prices may not start recovering in a meaningful way until early next year.

Sales during last week were again led by lower priced property. The Rancho Palos Verdes West areas, conversely, are doing very well.

With rates continuing to be favorable and the possibilty of the conforming loan level returning to $729K, we continue to believe that this represents a unique opportunity for Palos Verdes Real Estate.

Please visit our Featured Palos Verdes Real Estate Listing

 
Please read more in our popular blog with unique analysis and full of useful information. PV Brokers Real Estate Blog

(As of 09:30, November 6, 2011)

 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
$700,000 —  $799,900 22 28 127%
$8,000,000 —  $899,900 14 14 100%
$900,000 —  $999,900 21 11 52%
$1,000,000 —  $1,249,900 32 11 34%
$1,250,000 —  $1,499,900 32 13 41%
$1,500,000 —  $1,999,900 40 13 33%
$2,000,000 —  $2,999,900  27 4 15%
$3,000,000 —    45 6 13%
TOTAL 233 100 ↑ 43%
MEDIAN PRICE (,000) $1495 $995  
(Source: MLS)

Townhomes and Condominiums
The townhouse market continued doing well; the condo market suddenly got momentum. (E/A Ratio:townhomes- 82%; condos- 69%)

 


Cmm_report_mediansoldprice_chart
Cmm_report_averagedom_chart
Cmm_report_pricingequilibrium_chart

Real Estate Tools and Research

 

Visit www.pvbrokers.net “Where Integrity Meets Experience”

What’s My Home Worth What's my house worth Search Homes For Sale realestatehomesearch
Real Estate Articles and Trends blog search Time to Buy Palos Verdes Real Estate? buy palos verdes real estate

Facebook

PV Palos Verdes Real Estate facebook pic JOIN US ON FACEBOOK and follow us on Twitter! Palos Verdes Real Estate twitter Bookmark and Share

For more information on homes for sale in Palos Verdes, Palos Verdes real estate, palos verdes homes for sale, palos verdes realtors, palos verdes real estate market information as well as quality information on homes for sale in Rancho Palos Verdes, Palos Verdes Estates homes for sale, Manhattan Beach real estate, HermosaBeach real estate, Redondo Beach real estate, Torrance real estate, Palos Verdes real estate trends,and real estate trends in the Beach Cities, Palos Verdes Estates and the South Bay, visit www.pvbrokers.net

_____________________________________________________________

 

Become a fan!

PV Brokers

Bookmark and Share

PV Brokers provides residential real estate services in the Los Angeles County South Bay communities of Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Hermosa Beach, Manhattan Beach, Torrance and San Pedro. As a boutique Realty, our Palos Verdes Real Estate agents and palos verdes brokers are committed to giving our clients specialized service and attention. For more information on Palos Verdes real estate, palos verdes homes for sale, palos verdes foreclosures, homes for sale in Palos Verdes, palos verdes market information in addition to quality information on homes for sale, visit www.pvbrokers.net .

          

Logo

                          Bart Cleveland

                               Broker
              Where Integrity Meets Experience
                             310.872.0778  c

                             310.684.3156  o   

                          www.pvbrokers.net
                 www.palosverdesrealestateagents.net

             www.palosverdesrealtors.net