The business world has finally learned to accept the idea of working from home. This new pandemic-related discovery is allowing more homeowners to live further from their office… and Palos Verdes prices are reflecting this new mode of living.
Year-over-year prices indicate a very strong (over 20%) increase in price. If the business community continues to allow this trend, I think we’ll continue to see a growth in popularity of Palos Verdes Peninsula homes as primary residences. Its beauty, views, strong communities, and enviable school systems are an easy choice for more and more families… no matter where the office is located.
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*Based on Chauner, Bailey. “How to Win a Real Estate Bidding War.” Redfin, 22 Nov. 2019 | Ed Kaminsky DRE #00958114 | eXp Realty of California, Inc. Department of Real Estate #01878277. The information contained in this document, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, public records, the Multiple Listing Service or other sources. Broker has not and will not investigate or verify the accuracy of this information. When you use HomeLight Home Loans for your new purchase, the HomeLight Trade-In fee is 1.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. If you do not use HomeLight Home Loans on your new purchase, the HomeLight Trade-In fee is 3.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. The HomeLight Trade-In fee is calculated off of the final selling price of your current home. HomeLight, Inc. CA DRE #01900940 | EAVE, Inc. DBA HomeLight Home Loans NMLS #1529229