Blog
News
Interest Rates Rise
Interest rates for buying a home on the Palos Verdes Peninsula moved up about a tenth of a point this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Although the economy isn't firing on all cylinders at the moment, it is yet an open question as to whether it is using enough of them as to warrant a move by the Fed in December.The typical turn-of-the-month cascade of data showed important strength in several key economic areas. Given that the Fed has made it [...]
Crest Area of RPV / RHE 3rd Quarter 2015 Real Estate Market Report
The Crest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the followingreal estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 4 Average Sales Price of homes sold during 3rd quarter: $ 1.4 million View from Crest area - Del Cerro Park Number of Properties listed for sale as of 9/30/2015: 8 ( 6 months of inventory based on the average number of homes per month sold in the quarter of 1.3 ) . There are 4 properties [...]
Los Verdes Area of RPV 3rd Quarter 2015 Real Estate Market Report
The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2015:Properties Sold: 7 Average Sales Price of homes sold during 3rd quarter: $ 1.2 million Los Verdes Street with Ocean ViewProperties for Sale as of 9/30/2015: 7 ( 3 months of inventory based on the average number of homes sold per month during the quarter of 2 ) Average List Price at 9/30/2015: $ 1.2 million Average Price per Sq. Ft. for [...]
La Cresta Area of RPV and RHE 3rd Qtr. 2015 Real Estate Market Report
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the followingreal estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 13 Average Sales Price of homes sold during 3rd quarter: $ 2.2 million View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 9/30/2015: 12 ( about 4 months of inventory based on the average number of homes per month sold in the quarter of 3) . There are [...]
Eastview Area of RPV 3rd Quarter 2015 Real Estate Market Report
The Eastview area of Rancho Palos Verdes( area 177 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 16 Average Sales Price of homes sold during 3rd Quarter: $ .8 million Properties for Sale as of 9/30/2015: 19 ( 4 month inventory, based on the average monthly sales in the most recent quarter of 5 homes sold per month, but with 9 properties in escrow at the end of the quarter ) Average List Price at 9/30/2015: $ [...]
Mira Catalina Area of RPV 3rd Quarter 2015 Real Estate Market Report
The Mira Catalina area of Rancho Palos Verdes( area 168 in map below ) had the following real estate market activityfor single family residences during the 3rd Quarter of 2015: Properties Sold: 9, compared to 3 sold during the 3rd quarter last year Average Sales Price of homes sold during 3rd quarter: $1.2 million Properties for Sale as of 9/30/2015 : 6 ( equal to about 2 months inventory based on the average of 3 homes sold a month during the 3rd Quarter ) . There are 3 properties in escrow [...]
Country Club Area of RPV 3rd Quarter 2015 Real Estate Market Report
The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 5, compared to 8 sold during the 3rd quarter of 2014 Average Sales Price of homes sold during 3rd quarter: $ 1.8 million Properties for Sale as of 9/30/2015: 5 ( Less than 3 months of inventory based on the average number of homes sold per month in the last quarter of 2) Average List Price at 9/30/2015: [...]
Valmonte Area of PVE 3rd Quarter 2015 Real Estate Market Report
The Valmonte area of Palos Verdes Estates ( Area 164 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 13 ( A significant increase over the 7 homes sold during the 3rd Quarter last year) Average Sales Price of homes sold during 3rd quarter:$ 1.7 million Properties for Sale as of 9/30/2015: 10. Based on average sales per month for the 3rd quarter of 4 home sold, equal to less than 3 months inventory. There is 1 [...]
Palos Verdes Dr. N area of PV 3rd Qtr. 2015 Real Estate Market Report
The Palos Verdes Drive North area of Rolling Hills Estates and the Palos Verdes Peninsula (area 165 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 26 ( about a 8% increase over the 3rd quarter of 2014 ) Average Sales Price of homes sold during 3rd quarter: $ 1.5 million Properties for Sale as of 9/30/2015: 13. This is less than 2 months inventory of unsold homes based on the average number of 9 homes sold per [...]
Palos Verdes Dr E Area of RPV 3rd Qtr. 2015 Real Estate Market Report
The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015 : Properties Sold: 20 ( 3 more than the 17 homes sold during the 3rd quarter of 2014 ) Average Sales Price of homes sold during 3rd quarter: $ 1.4 million Properties for Sale as of 9/30/2015: 15 (About 2 months inventory based upon the average of 7 homes sold per month during the quarter ). There [...]
West Palos Verdes area of RPV 3rd Quarter 2015 Market Report
The West Palos Verdes area of Rancho Palos Verdes( area 170 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 10 Average Sales Price of homes sold during 3rd quarter: $ 2.9 million (The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of [...]
PV Dr. South Area of RPV 3rd Quarter 2015 Real Estate Market Report
The Palos Verdes Dr. South area of Rancho Palos Verdes(area 169 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 9 , compared to the13 homes sold during the 3rd Quarter of 2014 Average Sales Price of homes sold during 3rd quarter: $ 1.9 million Properties for Sale as of 9/30/2015 11 , (equal to about 4 months of inventory at the average number of homes sold each month in the last quarter of 3 ). There are [...]
Monte Malaga Area of PVE 3rd Quarter 2015 Real Estate Market Report
The Monte Malaga area of Palos Verdes Estates (area 162 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 14 Average Sales Price of homes sold during 3rd quarter: $3.0 million Properties for Sale as of 9/30/2015: 12 ( Equal to about 2 to 3 months inventory based upon the third quarters average of 5 sales per month ). There are 3 properties in escrow as of the end of September 2015. Average List Price at 9/30/2015: $6.3 [...]
Rolling Hills Estates 3rd Qtr. 2015 Real Estate Market Report
The City of Rolling Hills Estates Real Estate Market, including the unincorprated area known as Palos Verdes Peninsula adjacent to the City, has shown relatively strong sales recently. The number of homes for sale at the end of September of 18 homes is now 18% lower than the 22 homes for sale at the same time last year. The average number of homes sold per month in the 3rd quarter of 11 is the same as during the comparable quarter last year.This equates to less than 2 months inventory. At the [...]
Palos Verdes 3rd Qtr. 2015 Condo/Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 32 units is down approx. 41% compared to this time a year ago. The average number of sales per month over the last 3 months of 15 units per month is 10% higher than a year ago. There are 15 units in escrow at the end of September. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $402 per sq. ft. is down approx. 4% [...]