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PALOS VERDES HOUSING MARKET UPDATE (September 27, 2020)


(Single Family Residences)
The housing market is red hot, almost scary, as this kind of market is not sustainable for a long time. The market price is up more than 10% from May. It seems that job looses are skewed to low paid jobs. Cheap money is supporting this robust market. All market participants are nervous and expecting more volatility. The housing market should be least volatile. We expect this somewhat crazy market will continue in October; however, we are cautious about after the election.


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 Septermber 27, 2020)
 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
--  --  $999,900 3 10 333%
$1,000,000 --  $1,249,900 2 4 200%
$1,250,000 --  $1,499,900 13 24 185%
$1,500,000 --  $1,749,900 8 18 225%
$1,750,000 --  $1,999,900 7 13 186%
$2,000,000 --  $2,499,900 8 17 213%
$2,500,000 --  $2,999,900 22 16 73%
$3,000,000 --  $3,999,999 18 7 39%
$4,000,000 --    38 8 21%
TOTAL 119 117 98%
MEDIAN PRICE (,000) $2950 $1795  
(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 townhouse market continued its strength. The condo market also remains strong. The E/A ratio for townhomes: 171%; for condos, 100% (traditional condos: 157%!)


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 09/25/20)
Palos Verdes Area  
  South Torrance & Redondo  
  Townhomes (updated 09/25/20)
Palos Verdes Area  
Some townhomes may be listed as condominiums.
  South Torrance and Redondo  
  Condominiums (updated 09/25/20)
Palos Verdes Area  
  South Torrance & Redondo Beach  


  "Open houses in PV"


»» Click here to view the list. (currently no open house is allowed)  
  Our Choice of the Week in Palos Verdes
    »» Click here to view  
  PV Fixer, bank-owned,
            short-sale properties
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  Land/Lot in Palos Verdes (updated 09/25/20)     »» To land/lot list  
  Residential/Commercial Leases (updated 09/25/20)
        in Palos Verdes
    »» To lease listing page  
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  Palos Verdes Peninsula Unified School District Attendance Boundaries



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Main Office  727 Silver Spur Rd. Suite 205, Rolling Hills Estates, CA 90274

 

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