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 Via Anacapa $1,251,000 3 3.00 2,100 $595.71 1953 OC14119463 1/31/15 238

1720 Palos Verdes DR W $1,395,000 4 3.00 2,186 $638.15 1959 PV14215392 1/30/15 108

1113 Via Curva $1,480,000 3 2.00 2,457 $602.36 1954 PV14242970 1/08/15 11

1300 Via Cataluna $1,495,000 4 4.00 3,600 $415.28 1974 PV14146235 1/15/15 193

3928 Via Solano $1,650,000 4 4.00 2,816 $585.94 2000 SB14054827 1/02/15 237

2920 Paseo Del Mar $4,300,000 4 4.00 4,129 $1,041.41 2009 SB14026218 1/28/15 343

1825 Via Visalia $15,550,000 3 4.00 4,014 $3,873.94 1968 SB14204225 1/06/15 106

Average

The average price per square foot over the last 3 months has been $818 per sq. ft., an increase of approx. 36% over the comparable period last year.

is approx. $2.8 million. This is 20% lowerthan the comparable 3 months last year.

With 42 homes listed for sale at the end of January, and average sales per month over the last 3 months of 10 homes sold, this equates to a

With the current record low interest rates and the stabilized market, now is an excellent time to purchase a home in Palos Verdes Estates.For other market reports for the Palos Verdes Peninsula, go toon mya home. I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula.Â I would love to hear your comments or suggestions.