Tip:
Highlight text to annotate it
X
Hello everybody this is George Fotion of www.homeispalosverdes.com and it's that time for your latest installment of your supply and demand report for the South Bay area including the cities
of Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates, Torrance and San Pedro
what we're looking at here is the chart of really basic economics, supply and demand. The red line represents pending sale volume or demand and the blue line is supply or new listing volume and the green line is price
note that since the darkest time of the market in the last few years, around 2008, demand was increasing as buyers recognized values and supply was dropping as many sellers just didn't want to sell in that market.
note that as a result, prices have been rising. So if you would like more information on the value of your home and what's happening in your neighborhood, just call or text me and share this with your friends and colleagues. This is George Fotion