I believe I know where Palos Verdes home prices are headed next. Here’s the evidence to support my conclusion. The presentation below was created on April 3, 2023 so if you’d like an update to this data, simply click the “CONTACT US” tab at the upper right of your screen, then fill out the form. In the subject line, write, “update me please on the supply/demand trends for Palos Verdes homes” Meanwhile, if your area of interest is elsewhere in the South Bay or Beach cities, use the same contact form and in the message section indicate which area you’d like the data.

Palos Verdes Home Prices

1) Despite high interest rates the number of months of unsold inventory has decreased from 2.5 months in July of 2022 to now 1.7 months; one of the lowest levels in 15 years

Inventory Months Supply for Palos Verdes Peninsula Unified and more

2) Since the end of last year, demand (as a function of measured pending sale volume) has increased 61% ...

Pending Sales for Palos Verdes Peninsula Unified and more

3) ... while during that same time, supplies (as a function of active listings) has decreased by 11%

Active Listings for Palos Verdes Peninsula Unified and more

So let's sum up ..

1. the market is improving in its ability to absorb inventory through sale activity
2. demand is stronger
3. and supplies are down

For the next few months, believe prices will hold and in fact probably go up. 

What are your thoughts?  Use the calendly blue tab at the bottom of this page to schedule a zoom call or coffee with me or the “CONTACT US” tab at the top of this page to send me a message, or simply text me at 424.722.9136

If you need to get an instant estimate on what buyers might pay for your home today, play the two VERY quick videos here and on that page will be link for the home value estimator from HomeBot And to search homes privately without your information being sold to advertisers as what happens on those big portals, use https://howtosearchhomesinprivate.com