Palos Verdes Estates Real Estate: Just Sold Homes and Market Reports
Whether you are thinking of buying, selling or are just interested in the market, one of the best ways to really determine home values is by looking at recent sales and trends in measuring criteria such as days on market, price per square foot, inventory and other elements that contribute to the market action index showing which where we may be headed.
The reason that “just closed” listings are more informative than “just listed” properties is because the homes on the market may be over priced to leave room to negotiate (generally a bad idea) or under priced to get multiple offers which is a sound strategy.
The reason that trends and market segments are important is because the most expensive homes may perform differently than the least expensive.
Let’s take a look at recent closed sales and see what’s really going on.
These results display showing the most expensive sales first and update whenever there is a new closing.