Real Estate Outlook

Palos Verdes Real Estate outlook mid December 2011 with sales statistics for Palos Verdes homes in 90274 and 90275.

Palos Verdes Real Estate Outlook November 2011 Sales Statistics with charts for 90274 and 90275 showing number of sales, price per square foot, average sales price and days on market for Palos Verdes homes.

Palos Verdes Real Estate Outlook for the first 3 quarters of 2011 and current Palos Verdes homes sales statistics for 90274 and 90275.

Palos Verdes Real Estate Outlook October 2011 Sales Statistics with charts for 90274 and 90275 showing number of sales, price per square foot, average price and days on market for Palos Verdes Homes.

More good news for Palos Verdes real estate! Southern California median home prices rose again for the fourth straight month as reported in the Los Angeles Times this week. "And although home values are still dropping in many neighborhoods, rising home sales and median prices are "all symptomatic of a bottoming out" and the worst days of the housing market are probably over, Leamer said." (UCLA...

Echoes of this oft-repeated question from our youth, are rumbling through the home buying community. Have we "hit bottom" in the Palos Verdes real estate market? Even the experts do not know. The Los Angeles Times August 17th edition tackled this subject regarding real estate in all of Southern California. There were several stories of "experts" who predicted the housing bubble, sold their own...

Statistics for single family homes for the month of July for Palos Verdes real estate are now available and for the second month in a row, the numbers are looking better. As you will note from the graph above, the number of active single family homes for sale in Palos Verdes have fallen from 437 July 2008 to 331 for July 2009. Pending sales climbed to 84 for July 2009 from 69 in June 2009 and way up...

I have written several articles in the last couple of weeks about the current status of Palos Verdes real estate. We have had better sales numbers in June compared to May. Now Peter Hong of the Los Angeles Times, who is usually ultra conservative, has written an article entitled, "Southern California median home prices surges in June". Could it be that we are finally turning the corner? Hong...

Statistics for single family homes for the month of June for Palos Verdes real estate are now available and as I indicated in my post earlier this week, "Good News for Palos Verdes Real Estate," the numbers are looking better. June 2009 had nearly twice as many closed sales (47) and one additional pending sale compared to May 2009. Months of inventory (months it would take to sell existing...

Preliminary sales figures for Palos Verdes real estate for June 2009 show an upswing in single family homes sales compared to both May 2009 and June 2008 which is significant. That is good news for Palos Verdes real estate! June 2009 has 48 closed sales compared to 24 in May - twice as many sales. And June of 2008 had only 38 closed sales compared to 48 this June. It looks like buyers have moved...