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PALOS VERDES HOUSING MARKET UPDATE (September 17, 2017)

Suddenly a large number (25) of new listing came on the market, while sales was a bit down but still steady (14) last week. Due to cancellations/expiries, the inventory increaed only 4, and the in-escrow listings decreased 5. The median escrow price continues its weakening path. Yet, all numbers are better than a year ago, and the market will improve in the coming weeks. Prices around $1 million are selling very well.




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 09:00 September 17, 2017) (Source: MLS)
 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
$0--  $899,900 0 8 NA%
$900,000 --  $999,900 1 6 600%
$1,000,000 --  $1,249,900 14 20 143%
$1,250,000 --  $1,499,900 26 22 85%
$1,500,000 --  $1,999,900 43 25 58%
$2,000,000 --  $2,999,900  51 7 14%
$3,000,000 --    55 8 15%
TOTAL 190 96 51%
MEDIAN PRICE (,000) $2224 $1400  

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
Both the townhome and condo markets finally slowed and now bounced back. Excluding Teranea condos and new contstructions the raio is still unusually strong. (E/A Ratio:townhomes- 143%; condos- 56%, traditional condos- 133%). 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 09/15/17)
Palos Verdes Area  
  South Torrance & Redondo  
  Townhomes (updated 09/15/17)
Palos Verdes Area  
Some townhomes may be listed as condominiums.
  South Torrance and Redondo  
  Condominiums (updated 09/15/17)
Palos Verdes Area  
  South Torrance & Redondo Beach  


  "Open houses in PV"


»» Click here to view the list.  
  Our Choice of the Week in Palos Verdes
    »» Click here to view  
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