There are 62 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of July, which is 55% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 15 sales per month, is 17% less than during the same period last year . This equates to a bit more than 4 months of inventory, based on the average sales per month over the last 3 months, historically very low.The number of homes in escrow at the end of July is 19 homes. Click Here for a search for homes currently for sale in the City of Palos Verdes Estates. Properly priced homes are often receiving multiple offers in this market. Make sure and scroll down to see entire report below.

Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 62 63 -1.6%

62 40 55%

58 44 31.8%

Sold 20 13 53.8%

20 24 -16.7%

15 18 -16.7%

Pended 19 27 -29.6%

19 15 26.7%

20 17 17.6%

The following is a list of the 20 homes sold in the City of Palos Verdes Estates during the month of July 2014:

Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market

1036 Via Fortuna $1,205,000 4 3.00 2,088 $577.11 1962 PV14112416 7/23/14 34
544 Via Del Monte $1,400,000 3 3.00 2,494 $561.35 1963 SB14113876 7/16/14 18
521 Via Del Monte $1,460,000 4 3.00 3,501 $417.02 1977 SB14130576 7/21/14 17
1720 Palos Verdes DR W $1,490,000 4 3.00 2,186 $681.61 1959 SB14060386 7/09/14 77
1016 Via Fortuna $1,562,144 5 3.00 2,761 $565.79 1960 PV14101966 7/03/14 52
2208 Via Alamitos $1,599,000 4 3.00 2,645 $604.54 1966 PV14100387 7/31/14 34
2114 Via Visalia $1,600,000 4 3.00 2,423 $660.34 1965 PV14120768 7/14/14 18
1716 Dalton Road $1,615,000 5 3.00 3,612 $447.12 1976 SB14055049 7/23/14 128
2520 Via Olivera $1,650,000 4 3.00 3,107 $531.06 1976 PV14080882 7/31/14 73
1329 Via Gabriel $1,650,000 4 3.00 3,100 $532.26 1969 PV14124844 7/29/14 35
2624 Via Carrillo $1,700,000 4 3.00 2,571 $661.22 1963 PV14135681 7/25/14 3
669 Via Del Monte $1,900,000 4 3.00 3,469 $547.71 1977 PV14092958 7/16/14 56
3825 Via Palomino $2,000,000 4 3.00 2,497 $800.96 1953 SB14157722 7/16/14 8
2845 Via Victoria $2,150,000 5 5.00 5,310 $404.90 1987 PV14125243 7/23/14 158
1408 Via Margarita $2,200,000 4 3.00 3,484 $631.46 1975 PV14062364 7/31/14 126
1560 Via Leon $2,260,000 4 3.00 3,884 $581.87 1978 14758213 7/25/14 15
2008 Zorillo PL $2,310,000 4 4.00 3,839 $601.72 1977 PV14120381 7/18/14 74
1916 Dalton RD $2,450,000 4 5.00 3,700 $662.16 2013 PV14002271 7/17/14 173
2523 Via Pinale $2,700,000 4 4.00 2,651 $1,018.48 1924 PV14114853 7/25/14 50
2116 Paseo Del Mar $3,850,000 5 6.00 6,168 $624.19 1954 PV14120190 7/29/14 50
Average $1,937,557 4.0 3.50 3,275 $592 60

The average price per square foot over the last 3 months has been $607 per sq. ft., an increase of approx. 1% over the comparable period last year.

Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 591.7 609.5 -2.9%

591.7 642.1 -7.8%

606.6 600.9 0.9%

The average days on market for homes sold during last 3 months was about 2 months. The percentage of list price for homes sold is approx. 98%.
The average list price of homes for sale at the end of July is approx. $3.5 million. This is 23% higher than a year ago. The average sold price of approx. $1.9 million during the last three months is 4% higher than the comparable 3 months last year. This shows that the lower priced homes are selling faster than the higher priced homes.
With 62 homes listed for sale at the end of July, and average sales per month over the last 3 months of 15 homes sold, this equates to a bit more than 4 months of inventory. The following chart of months of inventory is based upon the most recent month’s sales of 20 homes.
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 to Market Reports on my website.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.