What’s happening now with the Palos Verdes homes market now that we’re in our first month of a new year? Is the market still hot? Are homes still selling over list price? How many are? If you’re thinking of selling, how can you tell where to price your home without losing good buyers? If you’re thinking of buying, will the market continue to appreciate? How do you position your offer strategically to make sure that you at least get a counter offer if not win the house outright?

These are obviously really important questions that will take a lot more discussion that what can be done in a blog article like this one. However, I can help you start the conversation with objective, factual information. Let’s face it, too many real estate agents pontificate opinions as if they were fact. But when you question them on their statements, you quickly realize you’re just getting unsubstantiated opinion.

Let’s take a look at what the CRMLS data is. CRMLS is the Multiple Listing Service that serves the Palos Verdes Peninsula, Beach Cities and large portions of the Southern California real estate market. What is presented here is FACT. Not opinion. FACT.

What are the chances for Palos Verdes homes selling over list price based on closed sales from 10/15/2021 through 1/15/2022

The chart below answers the question, “Based on the pace of selling activity, how long will it take to sell existing levels of supply?” The lower the number the hotter the market! Pay attention to the trends and use the “Contact Us” button at the top right of this page to reach me and book a zoom or in person meeting to further investigate the specifics of your particular neighborhood! This article, obviously, is broad based for the ENTIRE Palos Verdes homes real estate market and your neighborhood (Los Verdes, Lunada Bay, La Cresta etc) may be different. In fact it probably will be.

If you were to click on the image above, you will get a real time list of all the homes in escrow right now. This link will update real time, every time you visit it so you may want to save and bookmark the link. Know which homes real buyers recently perceived as having value enough to offer on and buy, can tell you a lot more about the market then studying past sales or current listings. Or you can just refer to the list below