Palos Verdes Estates Home Sales & Prices - Jan 2021
Palos Verdes market can be described as "hot" and "seller's market" with low inventory pushing home prices to record levels. Despite the economy uncertainties due the the Covid pandemic, buyers take advantage of the historically low interest rates, are often competing for properties, outbidding one another. Another market drivers are the desire to live in the suburbs and the possibility to "live anywhere" and work remotely.
Currently in Palos Verdes Estates, the average cost per sq ft is $944; average listing price is $5.5M
View recent home sales in Palos Verdes Estates:
View Detailed Palos Verdes Estates Market Report below:
Low inventory and strong demand in Palos Verdes CA are pushing prices at a faster pace than household income growth in the area. This negatively influences affordability. Only time will tell how the uncertain political and economic environments at home and abroad will influence mortgage interest rates and the economy in the coming months. Stay tuned...
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