A buyer recently told me she was quite comfortable waiting for the right house and the right price in this BUYERS MARKET. I gently explained in her price range Palos Verdes is experiencing a SELLERS MARKET. Yes, it is true. There are over 30 Palos Verdes homes under $1.2M in escrow. I am not sure she believed me, so I turned to my trusty backup--MLS statistics and compiled a short report. Yes, the numbers support what the sales were already telling me.
Here is the bottom line: If a Palos Verdes home is priced appropriately and under $1,200,000 the buyers will come:
Buyers want the coastal location.
Buyers want the Palos Verdes Unified School District.
Buyers love the lower prices.
Buyers love the lower interest rates.
Buyers do not want to miss an opportunity to buy while prices are lower.
Homes under $1,000,000 are the most popular with buyers and some are even receiving multiple offers!
Are prices as low as they will go, who knows? I do know there are some wonderful opportunities for buyers who want to enjoy life in Palos Verdes and all it has to offer.
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, 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.
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