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Rolling Hills Estates February 2015 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 13 homes at the end of January, a 7% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 7 sales a month,a 40% increase over the comparable period last year. There are 8 homes in escrow as of the end of February. The following is a list of the 5 homes sold in the City of Rolling Hills Estates ( [...]

Rolling Hills January 2015 Real Estate Market Report

The City of Rolling Hills had the following real estate market activity for single family residences during January 2015: Properties Sold: 2 Properties for Sale as of 1/31/15: 11 Sales have been averaging 3 homes sold per month over the last 3 months. 4 homes are in escrow as of the end of January. Average List Price at 1/31/15 $8.7 million Average Price per Sq. Ft. for Properties Sold during the last 3 months: $ 831 per sq. ft. , about 30% higher than the comparable period last year. Properties sold [...]

Interest Rates Decline off of recent highs

Interest rates for buying a home on the Palos Verdes Peninsula moved down this week from recent highs.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Although not significant in terms of cumulative up or down moves, it's fair to say that mortgage markets and rates have become more volatile of late. January's rate declines trended into early February, were virtually erased over a couple of week span, and now that upward blip is in the process of being at least partially erased at the [...]

City of Rancho Palos Verdes January 2015 Real Estate Market Report

The level of inventory of homes for sale of 75 homes in the City of Rancho Palos Verdes at the end of January is up about 17% compared to the end of January last year. The average number of homes sold per month over the last 3 months of 25 homes per month, is 11% lower than the comparable 3 month period last year. There are 25 homes in escrow at the end of January . The following is a list of the 20 homes sold during the month of January [...]

Rolling Hills Estates January 2015 Real Estate Market Report

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 16 homes at the end of January, a 33% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, the same as during the comparable period last year. There are 9 homes in escrow as of the end of January. The following is a list of the 4 homes sold in the City of Rolling Hills Estates [...]

City of Palos Verdes Estates January 2015 Real Estate Market Report 

There are 42 homes listed homes listed for sale in the City of Palos Verdes Estates at the end ofJanuary, which is 24% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 10 sales per month, is down 23% compared tothe same period last year . This equates to a bit over4months of inventory, based on the average sales per month over the last 3 months, historically very low.There are 17 homesin escrow at the end of January.Properly priced homes are often [...]

Palos Verdes Peninsula January 2015 Condo and Townhome Real Estate Market Report

The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 30 units at the end of January is down approx. 21% 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 up 9% from a year ago. There are 11 units in escrow at the end of January. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $384per sq. ft. [...]

City of Palos Verdes Estates January 2015 Real Estate Market ReportÂ

There are 42 homes listed homes listed for sale in the City of Palos Verdes Estates at the end ofthe same period last year . This equates to a bit overmonths of inventory, based on the average sales per month over the last 3 months, historically very low.There are 17 in escrow at the end of January. 2015: Address Sold Date Days on Market 4140 Via Solano $1,120,000 4 2.00 2,000 $560.00 1940 PV14198481 1/09/15 59 1548 Palos Verdes DR W $1,124,000 3 3.00 2,386 $471.08 1961 PV14220023 1/09/15 73 2433 [...]

Interest Rates near historic lows

Interest rates for buying a home on the Palos Verdes Peninsula moved down this week to interest rate lows last seen in May 2013.The following are excerpts from the newsletter on interest rates published by HSH Associates : "The world's economic and political troubles continue to provide a tempering influence on mortgage rates, helping them to fall a fair bit over the last few weeks. Pushing them the other way for the most part has an accumulation of signals of a strengthening U.S. economy in much of the fourth quarter, but [...]

Silver Spur Area of RPV / RHE 3rd Qtr. 2015 Real Estate Market Report

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 3rdQuarter of 2015:Properties Sold:14Average Sales Price of homes sold during 3rdquarter: $1.1 millionProperties for Sale as of 9/30/2015: 12 ( Between 2 and 3 months inventory of unsold homes ,based upon the average number of homes sold per month during the quarter of 5,with 3 homes in escrow at the end of September)Average List Price at 9/30/2015: $ 1.2 millionAverage Price [...]

Valmonte Area of PVE 4th Quarter 2014 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 4th Quarter of 2014: Properties Sold: 10 Average Sales Price of homes sold during 4th quarter:$ 1.3 million Properties for Sale as of 12/31/2014: 13. Based on average sales per month for the 4th quarter of 3 home sold, equal to 4 months inventory. There are 4 properties in escrow as of the end of December. Average List Price at 12/31/2014: $ 1.6 million [...]

Eastview Area of RPV 4TH Quarter 2014 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 4th Quarter of 2014: Properties Sold: 16 Average Sales Price of homes sold during 4th Quarter: $ .8 million Properties for Sale as of 12/31/2014: 5 ( 1 month inventory, based on the average monthly sales in the most recent quarter of 4 homes sold per month, but with 3 properties in escrow at the end of the quarter ) Average List Price at 12/31/2014: $ [...]

Silver Spur Area of RPV / RHE 4th Qtr. 2014 Real Estate Market Report

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 4thQuarter of 2014: Properties Sold:8 Average Sales Price of homes sold during 4th quarter: $1 million Properties for Sale as of 12/31/2014: 4(1 month inventory of unsold homes , based upon the average number of homes sold per month during the quarter of 3,with 4 homes in escrow at the end of December) Average List Price at 12/31/2014: $ 1.4 million [...]

PV Dr. South Area of RPV 4th Quarter 2014 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 4thj Quarter of 2014: Properties Sold: 8 Average Sales Price of homes sold during 4th quarter: $ 1.7 million Properties for Sale as of 12/31/2014 12 , (equal to 4 months of inventory at the average number of homes sold each month in the last quarter of 3 ). There are 0 properties in escrow at the end of December. Average List Price at [...]

La Cresta Area of RPV and RHE 4th Qtr. 2014 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 4th Quarter of 2014: Properties Sold: 8 Average Sales Price of homes sold during 4th quarter: $ 2.5 million View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 12/31/2014: 8 ( about 2-3 months of inventory based on the average number of homes per month sold in the quarter of 3) Average List Price [...]

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