The Palos Verdes Peninsula real estate market has two market segments that are strong; those homes listed for less than $1,250,000, and those between $1,250,000 and $1,500,000. Where is the sweet spot in this market? The following is a chart of homes listed for sale and sold for less than $1,250,000:
The inventory of homes in this price segment is up significantly, with sales averaging about 20 homes per month, or about a two month supply, but with only 15 homes currently in escrow. The following is the same chart for homes priced from $1,250,000 to $1,500,000:
Once you get over $1,500,000, the market slows considerably as can be seen by the following chart for homes sales between $1,500,000 and $3,500,000:
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.