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PALOS VERDES HOUSING MARKET UPDATE (June 17, 2018)

While sales (contracts) were stong (23 sold), 26 new listings came on the market. With 22 closings, the number of listings in escrow actually decreased. As mortgage rates have been stable, good sales volume is expected to continue at the low end.

Thanks to the brisk demand for lower priced properties, 8 listings entered escrow last week in the Silver Spur area last week, erasing the concern over a price war.


Please see our trend analysis graphs Trend Analysis.

Please click here to see by Area E/A ratio

Please read more in our popular newsletters with unique analysis and full of useful information. Rockyfield Newsletter

Single Family Homes
(As of 08:00 June 17, 2018)
 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
0 --  $999,900 7 6 86%
$1,000,000 --  $1,249,900 11 11 100%
$1,250,000 --  $1,499,900 20 23 115%
$1,500,000 --  $1,999,900 50 30 60%
$2,000,000 --  $2,999,900  58 24 41%
$3,000,000 --    61 11 18%
TOTAL 207 105 51%
MEDIAN PRICE (,000) $2390 $1699  
(Source: MLS)

By area please click here Market E A Ratio Analysis By Area  
The market trend graphs (supply-demand and price movements) are here Trend analysis

Townhomes and Condominiums
The townhome market continued doing well. Townhomes are expected to keep sellng well unless low priced single family home prices start coming down. The condo market slowed substantially last week. Excluding Terranea condos, the raio is also down. (E/A Ratio:townhomes- 130%; condos- 48%, traditional condos- 64%). Torrance has extreme shortage of townhomes and condos.


The following links will lead you to active properties listings Rockyfield has selected at its own discretion from Multiple Listing Service (MLS). Displaying those properties in no way means any recommendation or endorsement by Rockyfield. All information included in our presentation is subject to professional inspections and various regulations.



CLICK LINKS BELOW TO SEE SELECTED PROPERTIES
If you want to see any of these properties, please call us (310)-544-0857 Ext. 3#)

BRE Broker License #01328577

  Single Family Residence (updated 06/15/18)
Palos Verdes Area  
  South Torrance & Redondo  
  Townhomes (updated 06/15/18)
Palos Verdes Area  
Some townhomes may be listed as condominiums.
  South Torrance and Redondo  
  Condominiums (updated 06/15/18)
Palos Verdes Area  
  South Torrance & Redondo Beach  


  "Open houses in PV"


»» Click here to view the list.  
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