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PALOS VERDES HOUSING MARKET UPDATE (September 19, 2021)


(Single Family Residences)
The previous two weeks' slower sales seem to be because of the long weekend. Buyers are back now in numbers. We went around public open houses to see how crowded they were. Low priced and totally remodeled or newly built ones even if expensive were crowded while those priced too high were typically empty. Fixers are not very popular unless their prices are low enough. Sales are back, but new listings are few. However, at this time of the year, there are normally not many new listings; this year, simply the demand remains high. There are currently only 73 single family home listings in the entire PV as opposed to 123 one year ago. The Wall Street is talking about how the tapering of FED bond purchases will affect the market and interest rates. The pace of tapering will be flexible depending on how the economy and employment are going; we do not believe it will have huge or shocking impacts. However, we expect reasonable rises in the mortgage rates which will cool down the housing fever. More stable and orderly market is desirable in the long run. A few economists are raising concerns about the economic growth in the second half of 2022 after all kinds of government stimulus, aids and spending for the pandemic fade away; they believe the infrastructure and big budget will be offset by tax increases. We do not agree with those assessments for a variety of reasons.


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 10:00 September 19, 2021)
 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
--  --  $999,900 0 0 NA%
$1,000,000 --  $1,249,900 1 6 600%
$1,250,000 --  $1,499,900 3 12 400%
$1,500,000 --  $1,749,900 7 13 186%
$1,750,000 --  $1,999,900 9 18 200%
$2,000,000 --  $2,499,900 3 14 467%
$2,500,000 --  $2,999,900 15 10 67%
$3,000,000 --  $3,999,999 12 15 125%
$4,000,000 --    23 13 57%
TOTAL 73 101 138%
MEDIAN PRICE (,000) $2999 $2149  
(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
Townhomes are selling very well right now. The condo market is dull.


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 09/21/2021)
Palos Verdes Area  
  South Torrance & Redondo  
  Townhomes (updated 09/21/2021)
Palos Verdes Area  
Some townhomes may be listed as condominiums.
  South Torrance and Redondo  
  Condominiums (updated 09/21/2021)
Palos Verdes Area  
  South Torrance & Redondo Beach  


  "Open houses in PV"


»» Click here to view the list.  
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  PV Fixer, bank-owned,
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  Land/Lot in Palos Verdes (updated 09/21/2021)     »» To land/lot list  
  Residential/Commercial Leases (updated 09/21/2021)
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