The level of inventory of homes for sale of 87 homes in the City of Rancho Palos Verdes at the end of October is up about 4% compared to the end of October last year. The average number of homes sold per month over the last 3 months of 35 homes per month, is 3% lower than the comparable 3 month period last year. There are 34 homes in escrow at the end of October .

The following is a list of the 35 homes sold during the month of October 2014:

Address Sales Price Bd Bth Sqft $/Sq Yr.Built ML# Sold Date Days on Market

2008 Avenida Feliciano $662,000 4 3.00 1,876 $352.88 1961 PW14173990 10/16/14 16

1903 Delasonde DR $760,000 4 3.00 1,798 $422.69 1959 PV14160562 10/27/14 80

1918 Avenida Estudiante $784,663 4 2.00 1,746 $449.41 1959 PV14138138 10/30/14 82

1802 Velez DR $799,000 3 2.00 1,829 $436.85 1958 PV14151389 10/22/14 64

1929 Santa Rena DR $810,000 3 2.00 1,798 $450.50 1958 PV14135141 10/10/14 108

2165 W Rockinghorse RD $810,000 5 3.00 2,522 $321.17 1962 SB14129804 10/10/14 112

2153 Van Karajan DR $815,000 4 3.00 2,482 $328.36 1963 SB14181659 10/24/14 56

2027 Van Karajan DR $929,000 3 3.00 2,029 $457.86 1963 SB14177816 10/15/14 37

26829 Shorewood RD $936,000 3 2.00 1,668 $561.15 1958 PV14166189 10/29/14 46

6111 Monero DR $1,000,000 3 2.00 2,178 $459.14 1962 PW14135986 10/29/14 115

28711 Golden Meadow $1,000,000 4 2.00 2,016 $496.03 1963 PV14085179 10/24/14 182

27526 Elmbridge DR $1,000,000 5 3.00 2,372 $421.59 1965 PV14205260 10/28/14 35

5902 Montemalaga DR $1,020,000 4 2.00 2,328 $438.14 1964 PV14171997 10/08/14 13

30319 Ganado DR $1,025,000 5 3.00 2,677 $382.89 1964 PV14165722 10/30/14 87

3615 Greve DR $1,080,000 4 3.00 2,092 $516.25 1964 PV14182505 10/23/14 14

6415 Sattes DR $1,095,000 4 3.00 2,697 $406.01 1970 PV14175539 10/17/14 27

100 Spindrift DR $1,105,000 2 1.00 810 $1,364.20 1954 PV14187631 10/13/14 283

6953 Beechfield DR $1,125,000 4 2.00 1,816 $619.49 1962 14778509 10/23/14 68

32206 Helm PL $1,135,000 3 3.00 2,209 $513.81 1960 PV14158102 10/08/14 75

29008 Warnick RD $1,150,000 4 3.00 2,420 $475.21 1970 TR14186138 10/22/14 41

4312 Admirable DR $1,205,000 3 3.00 1,843 $653.83 1956 PV14145465 10/15/14 105

28103 Ella RD $1,250,000 4 3.00 2,950 $423.73 1962 SB14096366 10/06/14 119

30033 Avenida Celestial $1,295,000 4 3.00 2,385 $542.98 1966 PV14154007 10/01/14 5

3504 Hightide DR $1,325,000 4 3.00 2,504 $529.15 1971 PV14137388 10/06/14 102

6755 Kings Harbor DR $1,350,000 4 4.00 2,788 $484.22 1971 SB14192720 10/29/14 48

30505 Camino Porvenir $1,375,000 4 3.00 2,432 $565.38 1974 PV14160434 10/27/14 44

4005 Admirable DR $1,385,000 4 4.00 3,350 $413.43 1959 PV14166084 10/30/14 87

30503 Rue Langlois $1,395,000 4 2.00 2,103 $663.34 1960 PV14203047 10/24/14 35

3021 Deluna DR $1,550,000 4 4.00 2,735 $566.73 1960 PV14187162 10/06/14 29

3677 Cliffsite DR $1,595,000 4 3.00 2,478 $643.66 1969 PV14148636 10/21/14 88

30824 Cartier DR $1,950,000 5 5.00 4,498 $433.53 1965 PV14152793 10/06/14 160

7244 Avenida Altisima $2,050,000 5 6.00 4,766 $430.13 1976 PV14148106 10/06/14 149

49 Santa Catalina Dr. $2,622,750 4 4.00 3,804 $689.47 1987 PV14113746 10/03/14 115

3422 Palo Vista DR S $2,800,000 5 7.00 5,652 $495.40 1991 SB14111275 10/23/14 112

31991 Emerald View DR $3,499,000 5 6.00 6,111 $572.57 2014 SB14000772 10/16/14 56

Average $1,305,355 4.0 3.10 2,622 $514 1966 80
The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $518 which is approx. 8% higher than the comparable period last year.
The average list price of homes offered for sale of $2.1 million is now 16% lower than this time last year. The average price of homes sold has been much lower than the average list price of homes, averaging $1.3 million over the last 3 months, a 13% increase over the comparable period last year.This indicates that the lower priced homes are selling faster than the higher priced homes.
Properties have been taking about 2 to 3 months to sell and sold for 96% of the original list price
With 87 homes currently for sale, and sales averaging 35 homes per month,there is currently 2.5 months of inventory
Combined with low interest rates, now is an excellent time to consider buying a home.
For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.

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.