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Rolling Hills 1st Quarter 2018 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during the 1st quarter of 2018 Properties Sold: 6 Properties for Sale as of 3/31/2018: 25, a 9% increase over this time last year. Sales have been averaging 2 home sold per month over the last 3 months. This equates to a 12 month supply. 2 homes are in escrow as of the end of March. Average List Price at 3/31/18: $5.7 million Average Sold Price over the last 3 months: $2.8 million Average Price [...]
City of Palos Verdes Estates 1st Quarter 2018 Real Estate Market Report
There are 48 homes listed for sale in the City of Palos Verdes Estates at the end of March , which is 7% lower than this time a year ago. The number of homes sold over the last 3 months, averaging 14 sales per month, is 20% lower compared to the same period last year . This equates to a bit over 3 months of inventory, based on the average sales per month over the last 3 months. There are 16 homes in escrow at the end of March with contingencies [...]
City of Rancho Palos Verdes 1st Qtr 2018 Real Estate Market Report
The level of inventory of hom2s for sale of 66 homes in the City of Rancho Palos Verdes at the end of March is up about 3% compared to the end of March last year. The average number of homes sold per month over the last 3 months of 29 homes per month, is up 23% compared to the same 3 month period last year. There are 47 homes in escrow at the end of March. The following are the 75 propeties sold in Rancho Palos Verdes during the 1sr quarter [...]
Palos Verdes 1st quarter 2018 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 20 units at the end of March is down approx. 37% compared to this time a year ago. The average number of sales per month over the last 3 months of 10 units per month down approx. 24% compared to a year ago however. There are 17 units in escrow at the end of March, however. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of [...]
Short term rates rise, long term interest rates steady
Interest rates for buying a home on the Palos Verdes Peninsula stayed steady this week but the rate of increases is slowing. The following are excerpts from the newsletter on interest rates published by HSH Associates :" As expected, the Federal Reserve decided to raise its key short-term policy rate this week, lifting the federal funds rate by another quarter of a percentage point to a range of 1.5% to 1.75%. The impact on mortgage rates is negligible, if any, but odds favor some upward pressure on ARMs in the days [...]
Rolling Hills Estates December 2017 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 12 homes at the end of December a 29% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 4 sales a month, a 39% decrease compared to the comparable period last year. There are 5 homes in escrow as of the end of December. The following are the 11 properties sold during the 4th Quarter 2017 The average price per [...]
Palos Verdes Peninsula December 2017 single family real estate market report
Summary: The number of homes listed for sale on the Palos Verdes Peninsula has decreased to seasonal levels, but the number of homes on the market at the end of December is the same as the end of 2016 but the number of homes sold during the last three months is down 23% compared to the prior year, resulting in unsold inventory of just under 3 months supply. Prices per square foot are up approx. 3% compared to the prior year's quarterly average. Lower priced homes are moving faster than the [...]
Palos Verdes December 2017 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 21 units at the end of December is down approx. 31% compared to this time a year ago. The average number of sales per month over the last 3 months of 16 units per month is up approx. 4% compared to a year ago however. There are only 8 units in escrow at the end of December, however. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 [...]
Interest rates move up
Interest rates for buying a home on the Palos Verdes Peninsula moved up a bit this week . The following are excerpts from the newsletter on interest rates published by HSH Associates :"Bond markets exhibited a little bit of nervousness this week, and as is often the case, mortgage rates are firming as a result. The ongoing accumulation of solid economic news both ere and abroad plus some new concerns about inflation were enough to unsettle investors who have come to enjoy the reliability of low inflation and global central bank [...]
Palos Verdes September 2017 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 28 units at the end of September is down approx. 28% compared to this time a year ago. The average number of sales per month over the last 3 months of 18 units per month is up approx. 34% compared to a year ago however. There are 18 units in escrow at the end of September, showing continuing strong recent sale activity. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula [...]
City of Palos Verdes Estates September 2017 Real Estate Market Report
There are 56 homes listed for sale in the City of Palos Verdes Estates at the end of September, which is 3% less than this time a year ago. The number of homes sold over the last 3 months, averaging 17 sales per month, is 18% higher compared to the same period last year . This equates to a bit over 3 months of inventory, based on the average sales per month over the last 3 months. There are 11 homes in escrow at the end of September showing weakening sales [...]
Rolling Hills September 2017 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during the third quarter of 2017 Properties Sold: 3 Properties for Sale as of 9/30/17: 25 Sales have been averaging 1 home sold per month over the last 3 months. 5 homes are in escrow as of the end of September. Average List Price at 9/30/17: $5.8 million Average Sold Price over the last 3 months: $4.3 million Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 887 per sq. [...]
City of Rancho Palos Verdes September 2017 Real Estate Market Report
The level of inventory of homes for sale of 86 homes in the City of Rancho Palos Verdes at the end of September is down about 14% compared to the end of September last year. The average number of homes sold per month over the last 3 months of 40 homes per month, is up 14% compared to the same 3 month period last year. There are 42 homes in escrow at the end of September, showing continuing strong recent sales activity. The following are the 120 propeties sold in Rancho [...]
Rolling Hills Estates September 2017 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 24 homes at the end of September a 20% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 52% increase compared to the comparable period last year. There are 7 homes in escrow as of the end of September. The following are the 32 properties sold during the 3rd Quarter 2017 The average price per [...]
Interest rates go down slightly to near 2017 lows
Interest rates for buying a home on the Palos Verdes Peninsula easedthis week . The following are excerpts from the newsletter on interest rates published by HSH Associates :"Partly due to increasingly bellicose saber-rattling between the U.S. and North Korea, but also more than partly due to inflation that simply can't find a reliable toe hold, mortgage and other interest rates found new reasons to decline this week. With this as the backdrop, it seems likely that we'll set new 2017 lows for mortgage rates in the days ahead, possibly beating [...]