I am seeing increased activity in our market on the Palos Verdes Peninsula which follows normal trends for this time of year. Spring is the “season” for real estate.
In the last 6 days, 20 new listings came on the market, 12 properties became Contingent, 10 properties went into Pending and 5 properties closed escrow (from sales a month or two ago). Some of the Pending sales actually were properties that sold with multiple offers and went staight into Pending (with no contingencies).
This activity gives hope that our market is acting in a normal fashion.
