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PALOS VERDES HOUSING MARKET UPDATE (August 12, 2018)
Market Alert!

This is a serious situation. In summer of 2010, the gap between active listings and in-ecrows widened to 200; then this over-supply condition brought down the market price up to 20% for the following months and deep into 2011. Although the market improved in spring of 2011, the conditioned worsened further in fall. Today's PV housing market is somewhat similar to 2010. The price is down but still holding high; we are afraid it may keep falling. The E/A ratio (our market indicator: active/escrow) dipped below 35%. It is not easy to recover from this low to 50%. The only bright point is that the low-end (below one million) market segment has resurged. This implies a selling strategy for properties below $1.5 million: It is possible to sell quickly by pricing a little lower than competing properties. Sales of low-end listings boosted the total number of sales to 16 last week which is quite a good number.

July contracts were only 50 even fewer than February. July closed sales were 63 also substantially low compared to July figures of the last few years. Both average and median prices for July closed sales were also down.




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 August 12, 2018)
 PRICE RANGE  ACTIVE IN ESCROW  E/A RATIO
0 --  $999,900 7 12 171%
$1,000,000 --  $1,249,900 15 10 67%
$1,250,000 --  $1,499,900 24 13 54%
$1,500,000 --  $1,999,900 52 17 33%
$2,000,000 --  $2,999,900  57 6 11%
$3,000,000 --    68 8 12%
TOTAL 223 66 29.6%
MEDIAN PRICE (,000) $2190 $1422  
(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 is slowing. The condo market seems to be still OK. Excluding Terranea condos, the raio is still good. (E/A Ratio:townhomes- 67%; condos- 61%, traditional condos- 100%).


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 08/14/18)
Palos Verdes Area  
  South Torrance & Redondo  
  Townhomes (updated 08/14/18)
Palos Verdes Area  
Some townhomes may be listed as condominiums.
  South Torrance and Redondo  
  Condominiums (updated 08/14/18)
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  
  PV Fixer, bank-owned,
            short-sale properties
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  Land/Lot in Palos Verdes (updated 08/14/18)     »» To land/lot list  
  Residential/Commercial Leases
        in Palos Verdes
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Main Office  727 Silver Spur Rd. Suite 205, Rolling Hills Estates, CA 90274

 

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