The uncertainty facing Palos Verdes homes for sale was also reflected by a September 25, 2009 article in the Los Angeles NBC affiliate, which said that “Home sales continued their roller coaster ride. In the Los Angeles County area, values increased by 6.7 percent in August compared with the same period a year ago, but were down 10.6 percent from the previous month, according to figures released Friday. The median price of an existing single-family home in Los Angeles last month was $339,980, up 0.2 percent from $500,210 from July and down 2.3 percent from $511,270 in August 2008. Home sales were up 5.9 percent in August, compared to the same month last year, but down 8.8 percent from July.”

A September 7, 2009 article in the Los Angeles Business Journal found an explanation for the slight rise in home sales, dividing it into the increased attractiveness of low-end and luxury housing. The piece, by Howard Fine, stated that “People are buying homes again in LA County, and not just cheap foreclosed properties: They’re buying at the upper end too.”  Real estate in Palos Verdes was influenced by a number of factors, as noted by the continuation of the article, which found that “Convinced that prices are near the bottom, and drawn by low interest rates and impending deadlines for federal and state tax credits, first-time homebuyers and bargain hunters continued their return to the market, often getting into bidding wars over foreclosed and bargain-rate properties, especially condominiums.”