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Country Club Area of RPV 4th Quarter 2014 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 4th Quarter of 2014: Properties Sold: 12 Average Sales Price of homes sold during 4th quarter: $ 1.6 million Properties for Sale as of 12/31/2014: 3 ( less than 1 month of inventory based on the average number of homes sold per month in the last quarter of 4 ) Average List Price at 12/31/2014: $1.9 million Average Price per Sq. Ft. for Properties [...]
Los Verdes Area of RPV 4th Quarter 2014 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 4th Quarter of 2014: Properties Sold: 8 Average Sales Price of homes sold during 4th quarter: $ 1.1 million Los Verdes Street with Ocean View Properties for Sale as of 12/31/2014: 4 ( 1-2 months of inventory based on the average number of homes sold per month during the quarter of 3 ) Average List Price at 12/31/2014: $ 1.1 million Average Price per Sq. [...]
Crest Area of RPV / RHE 4th Quarter 2014 Real Estate Market Report
TheCrest 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 4th Quarter of 2014: Properties Sold: 7 View from Crest area - Del Cerro Park Number of Properties listed for sale as of 12/31/2014: 2 ( Less than 1 month of inventory based on the average number of homes per month sold in the quarter of 2 ) Average List Price at 12/31/2014: $ 1.3 million Average Price per Sq. Ft. for Properties Sold [...]
Peninsula Ctr. RHE / RPV 4th Qtr. 2014 Real Estate Market Report
ThePeninsula Center area of Rancho Palos Verdes and Rolling Hills Estates(Area 175 in map below)had the following real estate market activity during the 4th Quarter of 2014: Properties Sold: 2 Average Sales Price of homes sold during 4th quarter: $ 1 million Properties for Sale as of 12/31/2014: 2 ( A 1 month supply ) Average List Price at 12/31/2014: $1.2 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 497 per sq. ft. Properties sold at an average of 101% of original List Price For more [...]
Mira Catalina Area of RPV 4th Quarter 2014 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 4th Quarter of 2014: Properties Sold: 7 Average Sales Price of homes sold during 4th quarter: $1.3 million Properties for Sale as of 12/31/2014 : 7 ( equal to about 3 months inventory ) . There are 0 properties in escrow at the end of December. Average List Price at 12/31/2014 $ 1.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: [...]
Lunada Bay Area of PVE 4th Quarter 2014 Real Estate Market Report
The Lunada Bay area of Palos Verdes Estates (area 160 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 15 Average Sales Price of homes sold during 4th quarter: $2.1 million Properties for Sale as of 12/31/14: 17 (equal to just over a 3 month inventory based upon average monthly sales of 5 for the quarter). The number of homes for sale is up approx. 31% from a year ago Average List Price at 12/31/14: $2.6 million Average [...]
Palos Verdes Dr. N area of PV 4th Qtr. 2014 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 4th Quarter of 2014: Properties Sold: 14 ( about a 17% decrease over the 4th quarter of 2013 ) Average Sales Price of homes sold during 4th quarter: $ 1.5 million Properties for Sale as of 12/31/2014: 13. This is just over 2 months inventory of unsold homes based on the average number of 5 homes sold per [...]
City of Rolling Hills 4th Quarter 2014 Real Estate Market Report
The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 6 ( Compared to 5 sales in the comparable quarter last year ). 1 propety is in escrow at the end of December. Average Sales Price of homes sold during 4th quarter: $ 3.4 million Properties for Sale as of 12/31/2014: 14 ( 7 months inventory based on average sales during the last quarter of 2 homes sold per month) [...]
Interest Rates Move Down
Interest rates for buying a home on the Palos Verdes Peninsulamoved 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 : "Financial markets provided a fresh example this week that periods of quiet can quickly come to a close. A spate of fresh worries about the effects of low and falling oil prices and concerns that the Euro may face an existential crisis prompted a full-on flight to quality and safety buy of U.S. Treasuries, [...]
Palos Verdes 4th Qtr. 2014 Condo/Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 39 units is up approx. 3% compared to this time a year ago. The average number of sales per month over the last 3 months of12 units per month is 8% lower than a year ago. There are 10 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 months of $393 per sq. ft. is up approx. 5% [...]
City of Rancho Palos Verdes 4th Qtr. 2014 Real Estate Market Report
The City of Rancho Palos Verdes real estate market has been relatively strong . The number of homes listed for sale at the end of December decreased to 69 homes from 120 homes for sale in July, but is still 28% higher than the same time last year. The monthly average number of properties sold during the last three months of 30 homes, is up about 11% compared to the similar period last year . There are 28 homes in escrow at the end of the quarter . The number of [...]
Rolling Hills Estates 4th Qtr. 2014 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, had shown relatively strong sales. The number of homes for sale at the end of December of 18 homes is now 260% higher than the 5 homes for sale at the same time last year. The average number of homes sold per month in the 4th quarter of 8 is the same as during the comparable quarter last year.This equates to a little more than 2 months inventory. At [...]
3% Down Payment Loans are Back!!
The following is an excerpt from a newsletter published by HSN.com: "Last week, FHFA announced the details of how Fannie Mae and Freddie Mac will again start to purchase loans with as little as 3 percent down. At least one industry website called it a "game changer", but the reality is probably not. Although Freddie stopped backing 97 percent loans a number of years ago, Fannie was doing them up until November 2013, arguably with limited effect. The new availability of these products should be in the market as early as [...]
Interest Rates Edge Down Slightly
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 mostly continued a slow drift in the direction of least resistance this week amid a light slate of new economic data. To be fair, rates have been mostly moving in a sideways pattern for weeks, with just the barest of down trends in place despite signs that the economy is picking up strength. Rates are mostly anchored in place [...]
Palos Verdes Peninsula November 2014 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 39 units is up approx. 8% 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 the same as a year ago. There are 15 units in escrow at the end of November. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $397 per sq. ft. is up approx. 6% [...]