It is January 16, 2008 and I could not wait until the end of the month to take the temperature of the local real estate market. Here's the big reveal:
Below are the statistics for the 4 cities on the Palos Verdes Peninsula: Rolling Hills, Rolling Hills Estates, Palos Verdes Estates and Rancho Palos Verdes.
176 Single Family Homes are currently listed for sale.
30 Single Family Homes are currently in escrow
7 Single Family Homes have sold (closed escrow) since Jan. 1, 2008
59 Condos/Townhouses are currently listed for sale.
6 Condos/Townhouses are currently in escrow.
2 Condos/Townhouses have sold (closed escrow) since Jan. 1, 2008.
There is approximately a six month supply of Single Family Homes on the market and roughly a ten month supply of Condos/Townhouses available at the current absorption rate.
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 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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