Understanding South Bay and Palos Verdes Home Market Trends Through Data 📈

Hello everyone! I’m George Fotion from Call Realty Best Palos Verdes Homes. One question I get asked all the time is, “How’s the market doing?” To answer that confidently, I’ve turned to hard facts—specifically, the absorption rate and price per square foot. Watch the brief video at the bottom of this article!

What is the Absorption Rate?

The absorption rate tells us how long it takes to sell the existing inventory. It’s a key indicator of whether we’re in a buyer’s or seller’s market. For example, here’s a snapshot of the current trends in the South Bay:

• Manhattan Beach: Approximately 3 months

• North Redondo: Around 2 months

• South Redondo: Around 2 months

• West Torrance: Under 1.5 months

These numbers help us understand if the market is heating up—fewer months of unsold inventory typically mean a stronger seller’s market—or if it’s cooling down.

Understanding Price Trends

In addition to absorption rates, the median price per square foot gives us another valuable insight. For instance, in Rolling Hills, the median sale price is $1,442 per square foot. This means that half of the homes sell above this price, and half sell below, providing a clear benchmark for the market.

Why Does This Matter?

By tracking these trends, you can see whether we’re experiencing higher highs and higher low points or lower highs and lower low points. Ultimately, it’s all about supply and demand. Knowing where the market stands helps you make informed decisions whether you’re buying, selling, or investing.

Ready to Dive Deeper?

If you’d like a more detailed insight into these trends and reliable data to predict where the market is heading next, I’m here to help. Text me at 424-722-9135 with your name and property address, and I’ll send you a comprehensive market report tailored just for you.

Take action now—get the insights you need to stay ahead in today’s dynamic real estate market. Your next smart move starts with a simple text. Thank you for reading, and don’t forget to like, subscribe, and share for more timely updates!