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Rolling Hills July 2015 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during July 2015: Properties Sold: 2 Properties for Sale as of 7/31/15: 23 Sales have been averaging 3 homes sold per month over the last 3 months.This equates to approx. 8 months of inventory. No homes are in escrow as of the end of July. Average List Price at 7/31/15 $7.0 million Average Sold Price over the last 3 months: $3.9 million Average Price per Sq. Ft. for Properties Sold during the last 3 months: [...]
City of Rancho Palos Verdes July 2015 Real Estate Market Report
The level of inventory of homes for sale of 106 homes in the City of Rancho Palos Verdes at the end of July is down about 12% compared to the end of July last year. The average number of homes sold per month over the last 3 months of 40 homes per month, is up 8% compared to the same 3 month period last year. There are 37 homes in escrow at the end of July. The following is a list of the 38 homes sold during the month of July [...]
Interest Rates rise a bit this week
Interest rates for buying a home on the Palos Verdes Peninsula rose slightly again this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates firmed a little bit more this week, cresting at the highest levels in six months, but it appears that the four-week rise in rates is over, at least for now.The global selloff in bonds -- essentially, a repositioning by investors in light of changes in currencies and central bank programs -- pushed mortgage rates up by a little more [...]
Palos Verdes Peninsula April 2015 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 31 units at the end of April is down approx. 16% compared to this time a year ago. The average number of sales per month over the last 3 months of 12 units per month is also down 14% from a year ago. There are 15 units in escrow at the end of April. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $458per sq. [...]
City of Rancho Palos Verdes April 2015 Real Estate Market Report
The level of inventory of homes for sale of 91 homes in the City of Rancho Palos Verdes at the end of April is up about 26% compared to the end of April last year. The average number of homes sold per month over the last 3 months of 30 homes per month, is up 36% compared to the same 3 month period last year. There are 45 homes in escrow at the end of April, forecasting strong sales over the next two months . The following is a list of [...]
Palos Verdes Peninsula ( All Cities ) April 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of April of 157 properties is 1% greater than the same time last year, however the average number of homes sold per month of 55 over the last 3 months is 28% higher than the comparable period last year. There are 86 homes in escrow at the end of April, forecasting continuing strong sales over the next two months. The average price per sq. ft. for homes sold over the last 3 months of $600 [...]
Los Verdes Area of RPV 1st 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 1st Quarter of 2015:Properties Sold: 7 Average Sales Price of homes sold during 1st quarter: $ 1.1 million Los Verdes Street with Ocean ViewProperties for Sale as of 3/31/2015: 5 ( 2 months of inventory based on the average number of homes sold per month during the quarter of 2 ) Average List Price at 3/31/2015: $ 1.1 million Average Price per Sq. Ft. for [...]
Country Club Area of RPV 1st 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 1st Quarter of 2015: Properties Sold: 1, compared to 2 sold during the 1st quarter of 2014 Average Sales Price of homes sold during 1st quarter: $ 1.5 million Properties for Sale as of 3/31/2015: 5 ( more than 5 months of inventory based on the average number of homes sold per month in the last quarter of less than 1 ) Average List [...]
West Palos Verdes area of RPV 1st 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 1st Quarter of 2015: Properties Sold: 5 Average Sales Price of homes sold during 1st quarter: $ 1.3 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 [...]
La Cresta Area of RPV and RHE 1st 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 1st Quarter of 2015: Properties Sold: 7, the same number sold during the 1st quarter last year Average Sales Price of homes sold during 1st quarter: $ 2.1 million View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 3/31/2015: 7 ( about 3-4 months of inventory based on the average number of homes per [...]
Mira Catalina Area of RPV 1st 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 1st Quarter of 2015: Properties Sold: 4, compared to 3 sold during the 1st quarter last year Average Sales Price of homes sold during 1st quarter: $1.4 million Properties for Sale as of 3/31/2015 : 3 ( equal to about 3 months inventory based on the average of 1 homes sold a month during the 1st Quarter ) . There are 3 properties in escrow [...]
Interest Rates retreat a bit again
Interest rates for buying a home on the Palos Verdes Peninsula moved down slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates retreated a bit this week, still comforted by the outlook the Fed provided about the timing and trajectory for interest rates last week. Although average interest declined for the week, most of the warm glow from the Fed had faded by the end of the period, as the cold reality that the Fed will be raising rates before long [...]
Rolling Hills February 2015 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during February 2015: Properties Sold: 3 Properties for Sale as of 2/28/15: 15 Sales have been averaging 2 homes sold per month over the last 3 months.This equates to approx. 7 months of inventory. 3 homes are in escrow as of the end of February. Average List Price at 2/28/15 $5.1 million Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 860 per sq. ft. , about 34% higher than [...]
Palos Verdes Peninsula ( All Cities ) February 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of February of 147 properties is 16% greater than the same time last year, and the average number of homes sold per month of 41 over the last 3 months is 3% higher than the comparable period last year. There are 68 homes in escrow at the end of February, forecasting continuing strong sales over the next two months. The average price per sq. ft. for homes sold over the last 3 months of $630 [...]
Palos Verdes Peninsula February 2015 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 27 units at the end of February is down approx. 27% compared to this time a year ago. The average number of sales per month over the last 3 months of 13 units per month is up 44% from a year ago. There are 11 units in escrow at the end of February. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $389 per sq. [...]