Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market
2872 Via De La Guerra $940,000 3 2.00 1,617 $581.32 1956 PV12138536 1/31/13 22
2640 Via Pacheco $995,000 3 2.00 1,477 $673.66 1953 PV12135722 1/14/13 75
1000 Via Romero $ 1,275,000 4 3.00 2,344 $543.94 1965 PV12147023 1/07/13 23
2108 Paseo Del Mar $2,255,000 4 3.00 2,250 $1,002 1956 PV12144304 1/23/13 24
1116 Via Nogales $914,000 4 2.00 1,760 $519.32 1952 SB12134149 1/09/13 21
1620 Via Montemar $1,575,000 5 5.00 4,425 $355.93 1959 V11082416 1/14/13 529
4109 Via Picaposte $1,035,000 3 2.00 1,937 $534.33 1950 SB12128283 1/04/13 58
Average $1,284,143 4.0 2.70 2,259 $602 107
The number of homes listed for sale in the City of Palos Verdes Estates has dropped significantly over the last 3 months with only 17 homes listed for sale at the end of January, which is 66% lower than the same time a year ago. The number of homes sold over the last 3 months, averaging 10 sales per month, is 29% less than sales during the same period last year primarily due to the lack of inventory. This equates to less than 2 months of inventory.The number of homes in escrow at the end of the quarter is 18 homes. Click Here for a search for homes currently for sale in the City of Palos Verdes Estates. Due to the low inventory of homes, properly priced homes are often receiving multiple offers in this market. Make sure and scroll down to see entire report below.
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The average price per square foot over the last 3 months has been $564 per sq. ft., an increase of approx. 10% over the comparable period last year. The overall market appears to have stabilized. This market has not been nearly as impacted by the foreclosure sales which have severely affected inland markets.
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For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.