There isn’t a discussion about real estate trends that can take place without understanding how the economic forces of supply and demand are affecting Palos Verdes homes and the general South Bay real estate market. Once it’s understood that real estate, just like gold, silver, live cattle, wheat etc, is a commodity, then the light bulb comes on about why ONLY supply and demand changes create the future course of, in this case, Palos Verdes home prices
After you watch the video, one of the questions you might have will be “…How to tell when the market will correct or when home prices will go up?…” The article linked here was written on June 2, 2022, and as we know, markets change all the time so you will want to know, especially if you’re thinking of selling or buying, what the latest support and resistance levels are to my proprietary predictive index. Knowing this will help you price your home right if you’re selling and create the proper strategy for making your offer on a home if you’re getting ready to buy. Either way, having this proprietary data will help you potentially from losing hundreds of thousands of dollars!
Below is the table of raw data I accumulate to present the charts at the bottom of this blog post. By the way, if you’re interested in learning how I represent my buying and selling clients with techniques that no other broker can provide, use the “Contact Us" tab at the top of this page to send me a message or the blue “Calendly” link at the bottom right part of the page to book an appointment. I own the exclusive rights to technology that once you understand what it is, you immediately realize how foolish it would be to not have these benefits working for you so that you gain an advantage over other sellers and buyers.
| 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 |
| 1/1/2021-6/30/2021 | 218 | 148 | 122 | ||||
| 12/1/2021-5/31/2022 | 212 | 107 | 91 | ||||
| 1/1/2022-6/30/2022 | 228 | 118 | 93 | -20.27% | -23.77% | 7.91% | 4.59% |
| 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 |
| 1/1/2021-6/30/2021 | 207 | 489 | 426 | ||||
| 12/1/2021-5/31/2022 | 212 | 380 | 322 | ||||
| 1/1/2022-6/30/2022 | 222 | 420 | 341 | -14.11% | -19.95% | 4.37% | 7.30% |
| 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 |
| 1/1/2021-6/30/2021 | 207 | 4433 | 3847 | ||||
| 12/1/2021-5/31/2022 | 207 | 3550 | 3089 | ||||
| 1/1/2022-6/30/2022 | 227 | 4004 | 3179 | -9.68% | -17.36% | 9.60% | 9.30% |
| 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 |
| 1/1/2021-6/30/2021 | 203 | 289 | 256 | ||||
| 12/1/2021-5/31/2022 | 210 | 238 | 204 | ||||
| 1/1/2022-6/30/2022 | 212 | 256 | 217 | -11.42% | -15.23% | 1.12% | 4.50% |
| 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 |
| 1/1/2021-6/30/2021 | 202 | 56 | 50 | ||||
| 12/1/2021-5/31/2022 | 193 | 45 | 42 | ||||
| 1/1/2022-6/30/2022 | 228 | 57 | 45 | 1.79% | -10.00% | 18.22% | 13.10% |
| 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 |
| 1/1/2021-6/30/2021 | 180 | 27 | 27 | ||||
| 12/1/2021-5/31/2022 | 180 | 15 | 15 | ||||
| 1/1/2022-6/30/2022 | 193 | 15 | 14 | -44.44% | -48.15% | 7.14% | 7.14% |
