The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of Novemberof 168 properties is 1% lowerthanthe same time last year, andthe average number of homes sold per month of 57 over the last 3 months is 3% higherthan the comparable period last year. There are 57 homes in escrow at the end of November.
The average price per sq. ft. for homes sold over the last 3 months of $592 per sq. ft. is down 3% from the same compared to the comparable period last year.
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The average price of the homes sold on the Palos Verdes Peninsula during the last 3 months averaged $1.7 million, down about 11% compared to the average price of homes sold in the comparable period last year. The average listing price for homes during the last 3 months of $2.7 million is 6% less thanthe comparable period last year. These statistics show that lower priced homes are selling faster than the higher priced homes.
Days on Market to sell a property has been averaging a bit more than 2months, and properties are selling at approx. 94% of original list price.
For other market reports for the Palos Verdes Peninsula, go to Market Reports on
my web site.
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For more information about Palos Verdes and South Bay Real Estate and buying and sellinga homeon 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.