The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down . The level of inventory of homes for sale of65 homes is down significantly with the average number of homes for sale having decreased approx. 37% compared to the end of November last year. Click here for a current search of homes for Sale in Rancho Palos Verdes. Scroll down to see entire report.

Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 65 72 -9.7% 65 105 -38.1% 73 116 -37.1%
Sold 29 30 -3.3% 29 31 -6.5% 33 28 17.9%
Pended 36 42 -14.3% 36 27 33.3% 37 26 42.3%
The following is a list of the 31 homes sold during the month ofNovember 2012:
AddressSales Price Bd Bth Sqft $/Sq Yr.Built ML# Sold Date Days on Market

71 Rockinghorse RD$793,000 3 2.00 1,452 $546.14 1954 PV12146059 11/30/12 1

3255 Parkhurst $920,000 4 3.00 2,793 $329.39 1960 V12117667 11/26/12 43

2776 Vista Mesa DR $815,000 4 3.00 2,110 $386.26 1959 S12109797 11/02/12 52

2959 Crest RD$1,025,000 4 4.00 3,952 $259.36 1978 V12047895 11/08/12 207

4 Packet RD $825,000 3 2.00 1,490 $553.69 1956 S12126187 11/09/12 124

6527 Sandy Point CT $1,050,000 4 4.00 3,036 $345.85 1987 12629975 11/20/12 9

30727 Rue Valois $1,020,000 3 2.00 1,783 $572.07 1960 V12119551 11/16/12 53

7301 Via Marie Celeste$1,040,000 3 3.00 2,211 $470.38 1962 V12120432 11/01/12 5

7095 Via Del Mar $1,180,000 4 4.00 3,547 $332.68 1987 V12075622 11/16/12 133

70 Calle Cortada $2,710,000 4 5.00 4,553 $595.21 2004 S12103890 11/28/12 518

6635 Ocean Crest DR$930,000 3 3.00 2,436 $381.77 1981 S12086866 11/09/12 76

30000 Avenida Esplendida $1,550,000 4 4.00 3,152 $491.75 1975 V12124758 11/08/12 20

7088 Crest RD$1,649,000 4 4.00 3,667 $449.69 1969 PV12128333 11/20/12 17

30856 Via La Cresta $1,850,000 5 3.00 3,500 $528.57 1968 V12118873 11/26/12102

42 Oceanaire DR $1,610,000 6 4.00 3,670 $438.69 1963 PV12131114 11/29/1227

28822 Rothrock DR $817,000 3 2.00 1,460 $559.59 1963 V12125307 11/21/12 23

6528 Madeline Cove DR $1,155,000 4 3.00 2,420 $477.27 1970 V12121991 11/20/127

6110 Scotmist DR $1,008,000 4 3.00 2,374 $424.60 1964 V12122252 11/23/12 56

29000 Firthridge RD $1,020,000 4 3.00 2,166 $470.91 1967 V12116249 11/27/12 31

29520 Oceanport RD$1,120,000 5 3.00 2,468 $453.81 1964 V12119556 11/14/1240

27433 Larchbluff DR $710,000 5 3.00 2,225 $319.10 1965 S12086317 11/23/12 145

27614 Warrior DR $880,000 4 2.00 1,834 $479.83 1959 V12125668 11/30/12 18

27990 Beechgate DR $900,000 4 3.00 2,447 $367.80 1967 S12094417 11/16/126

5561 Littlebow RD $735,000 3 2.00 1,358 $541.24 1957 V12090041 11/09/12 184

5532 Elmbank RD $805,000 3 2.00 1,748 $460.53 1956 V12112457 11/27/12 66

85808 Flambeau RD $57,500 4 2.00 1,890 $453.70 1959 V12076251 11/09/12 122

27057 Springcreek RD$925,000 3 2.00 1,612 $573.82 1960 V12124548 11/30/1256

1967 Trudie DR $545,000 3 2.00 1,468 $371.25 1950 S12120174 11/06/128

28706 Mount Langley CT $695,000 3 3.00 1,768 $393.10 1973 22168746 11/15/12 23

2022 Avenida Feliciano $780,000 3 3.00 2,092 $372.85 1961 PV12145847 11/30/12 0

2090 Avenida Feliciano $880,000 5 3.00 2,106 $417.85 1962 V12114567 11/30/12 11

Average$1,058,048 4.0 2.90 2,413 $44672

The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $427 is approx. 2% less than the comparable period last year. The average price per sq. ft., appears to be slowly stabilizing and recently increasing.
Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 436 432 1.1% 436 374 16.7% 427 435 -1.7%
It has been taking an average of 3 to 4 months to sell a home in Rancho Palos Verdes. Properties are selling for
approx. 94% of original list price.
The average list price of homes offered for sale had trended downwards for the first 5 months of the year, but then picked up again the last6 months, increasiing sharply in November.and isnow approx. the same as this time last year.The average price of homes sold has been much lower than the average list price of homes.This indicates that the lower priced homes are selling faster than the higher priced homes.
Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. Same Month 1 Yr Ago % Change Sep. 12 to Nov. 12 Sep. 11 to Nov. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Active Price 1943 1694 14.7% 1943 1918 1.3% 1750 1901 -7.9%
Avg. Sold Price 1064 1011 5.2% 1064 933 14% 1077 1211 -11.1%
The number of months inventory, based upon the average of 33 monthly sales over the last 3 months ,and a current inventory of 65 homes,has also decreased to approx. 2 months of inventory, historicallyextremely low
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