Overview
Welcome to the February 2025 edition of the Palos Verdes Property Market Update, brought to you by SellWithZoli. This episode dives into the latest news and trends shaping the real estate market in Palos Verdes, CA, specifically in zip codes 90274 and 90275, offering valuable insights for potential buyers and sellers.
Key Highlights
We start by addressing the significant issue of landslides in Rancho Palos Verdes. According to recent research from NASA, published by The New York Times, the land is shifting at up to four inches per week, impacting property safety and values. We'll discuss the federal government's $42 million buyout program for affected homes, as reported by FOX 11 Los Angeles, and what this means for the future of the area.
Next, we explore the rental market, where Harbor Property Management released its 2025 Rental Market Report on February 21, 2025, as per a press release on OpenPR. While specific details are not publicly available, we'll provide an overview of what this could mean for potential renters in Rancho Palos Verdes and San Pedro.
On the sales front, the evidence leans toward rising home prices. Rocket Homes Los Angeles Report shows a median price of $989,396 in February 2025, up 3.1% year-over-year for Los Angeles County. In Palos Verdes Estates, Rocket Homes reports a median of $2,698,500, though Redfin notes a figure of $2.1M, suggesting some volatility. We'll try to clarify these discrepancies and discuss implications for buyers and sellers.
Finally, we'll highlight current inventory, with Palos Verdes Source reporting 152 single-family homes and 39 condos/townhomes for sale, including a notable $22,000,000 oceanfront estate.
Why Listen and Subscribe?
Whether you're a homeowner, prospective buyer, or real estate professional, this episode is packed with information to help you navigate the Palos Verdes market. Subscribe for monthly updates to stay informed and make confident decisions in this dynamic market.
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