In the study of Palos Verdes real estate trends, as many of you know who’ve been following me on my blog posts, on my old website, or on these various social media platforms (Facebook, Instagram, LinkedIn, Twitter), when I comment on the Palos Verdes homes real estate market, I try hard to minimize opinion and concentrate on the facts.  We all know what facts are; they are verifiable, credible, and reliable.  Play the video below first, then dive in to the data below…

Did you get to the warning part on pricing your home correctly and the calculations on how much you will lose if you don’t?  In the video below, I state that video will be replaced.  What you see below IS the newest and latest video available. 

While this article contains incredible information, I’m holding back my proprietary indicator, which I’ve developed over my 43 years in the business. It has correctly predicted market corrections in the past and made/saved my clients millions of dollars. I work for a living, so to get access, contact me here, and we can discuss the conditions necessary for you to receive this indicator.

What are the “facts” when it comes to analyzing real estate markets, specifically Palos Verdes real estate trends? 

That question first leads us to ask what real estate really is. When we consider it, we know that it is simply a commodity. Just like any other commodity—gold, silver, live cattle futures—how is the price of any commodity determined?…

A commodity’s price is solely determined by the forces of SUPPLY AND DEMAND

From that, we come up with the next logical question.  How do you measure supply and demand in the residential real estate market?  Supply is the fairly easy part – it’s just the number of properties that were listed during any given period of time.  Demand is a little trickier.  I’ve found the best measure of demand is knowing the number of months of unsold inventory.  In other words, the answer to this question … “Based on the rate at which homes are selling, how long will it take to sell existing levels of unsold inventory?”  That’s demand.  The lower the number for that metric, the higher the demand. 

Now we have the basis to understand and verifiably, credibly and reliably what the facts are that will determine not only what the Palos Verdes homes market is doing now, but where prices might go in the future.  Are you with me so far?  At the very bottom of this article, there will be a short survey that will simply ask if you believe it is more likely that the price for Palos Verdes homes will go up 5% or more in the next 12 months, stay about the same, or go down 5% or more. Take a moment to click on your answer. If you need help understanding the content, methodology, and what the numbers in the table below mean, use my Calendly link (blue tab at the bottom of any page on this website) to schedule a time to jump on a Zoom call.

Time Period	Palos Verdes Estates (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	224	71	57
10/1/2023-3/31/2024	199	84	76
11/1/2023-4/30/2024	225	95	76	33.80%	33.33%	13.10%	0.35%
Time Period	Palos Verdes Peninsula (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	201	230	206
10/1/2023-3/31/2024	215	260	218
11/1/2023-4/30/2024	246	301	220	30.87%	6.80%	14.72%	22.54%
Time Period	Greater South Bay Unsold Inventory (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	215	2498	2093
10/1/2023-3/31/2024	204	2492	2201
11/1/2023-4/30/2024	207	2577	2245	3.16%	7.26%	1.38%	-3.82%
Time Period	Rancho Palos Verdes Unsold Inventory (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	187	142	137
10/1/2023-3/31/2024	211	149	127
11/1/2023-4/30/2024	252	178	127	25.35%	-7.30%	19.46%	35.22%
Time Period	Rolling Hills Estates Unsold Inventory (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	237	29	22
10/1/2023-3/31/2024	250	32	23
11/1/2023-4/30/2024	250	32	23	10.34%	4.55%	0.00%	5.55%
Time Period	Rolling Hills Unsold Inventory (Days to Sell Existing Supply)	Listing Volume	Pending Volume	%Change Listing Volume (Supply) Same Time Period Last Year	%Change Pending Volume (Demand) Same Time Period Last Year	Change in Unsold Inventory Index from Last Period	% Change in Unsold Inventory Index from Same Period Last Year
11/1/2022-4/30/2023	338	15	8
10/1/2023-3/31/2024	234	13	10
11/1/2023-4/30/2024	288	16	10	6.67%	25.00%	23.08%	-14.67%

Meanwhile here are some other fantastic tips from prominent real estate agents from across the country! https://porch.com/advice/home-sale-online-tips