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Elaine Murphy Carlson's Blog

By Elaine Murphy Carlson | Broker in Palos Verdes Estates,...

Palos Verdes Real Estate Outlook October 2012 For Palos Verdes Homes

Palos Verdes Real Estate chart October 2012 showing active, pending and sold Palos Verdes homes 90274 and 90275

I am happy to report that Palos Verdes real estate statistics for October 2012 again indicate a solid market.  55 Palos Verdes houses sold in October which is a slight decrease from the 58 homes that sold in September.  Pending sales are way up in October with 72 Palos Verdes single family homes pending compared to 56 in September.  The number of active Palos Verdes homes for sale in October decreased to 152 homes compared to 171 homes in September.  Our inventory of homes for sale is the lowest in recent memory.  As you can see by the chart above, in October we had 37% less active Palos Verdes homes for sale compared to October 2011 yet the number of sales through the 3rd quarter of 2012 increased to 470 homes compared to 428 homes sold through the 3rd quarter of 2011.  Demand is definitely up for Palos Verdes houses.  Click here to continue reading.....

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