Palos Verdes Horse Property 310-493-8333: Palos Verdes Home Sales and Listing Activity Mid-Year 2011

It is time for our mid-year real estate activity report for the Palos Verdes Peninsula. In a nutshell, sales are up and inventory is low. If you're contemplating selling a Palos Verdes property competition is at a near record low with well under 300 single family homes currently on the market.

In 1992 (according to one of my old newsletters) there were 758 active listings. What a difference a decade makes! Least we forget, the real estate market was slow in the early 1990s, and the Palos Verdes Peninsula was affected by the loss of middle management jobs in the shrinking defense industry.

Based on the number of sales during the first half of 2011 the "sparkle" is returning to the Palos Vedes home sales maket.

Palos Verdes Neighborhood	Listings	In Escrow	Sold 2011
Lunada Bay	36	6	41
Monte Malaga	16	7	13
Malaga Cove	13	1	20
Valmonte	14	7	19
PV Drive North	22	7	20
Rolling Hills	19	3	10
PV Drive East	23	21	19
Mira Catalina	10	3	11
PV Drive South	24	4	14
PV Drive West	17	4	7
Country Club	12	5	14
La Cresta	12	4	7
Los Verdes	9	6	12
Crest	6	4	10
Peninsula Center	6	2	11
Silver Spur	17	9	17
Eastview	17	11	25

The 2011 summer market is sizzling. This weekend I finalized the sale of a Rancho Palos Verdes home, leased a luxury bluff front home. wrote an offer on a San Pedro property and I'm preparing to write an offer on a single family house on Tuesday. The demand for Palos Verdes property is increasing from this real estate agent's perspective! For more information on selling or buying a Palos Verdes Property give me a call.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.