So far my local market (Palos Verdes Peninsula) has evaded the onslaught of short sales and bank owned properties. We currently have 224 single family homes for sale and of that number only 11 are short sales per the MLS, and REOs are rare. The distressed property market is a small one in Palos Verdes.
28 Condos are listed for sale and six are short sales. Townhouse statistics are 16 for sale and one is a short sale.
Posting those relatively healthy numbers should be reason to celebrate Palos Verdes appears to be dodging the short sale bullet and blitz of bank-owned properties for now. It will be interesting to see what develops over the next few months.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. 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.
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
RPV CA Homes for Sale Blog - Palos Verdes Real Estate
La Quinta Area Lots for Sale - View Homes in Palos Verdes
No comments:
Post a Comment