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 Price per Sq. Ft. for Properties Sold during 4th quarter: $ 634 per sq. ft. ( an approx. 18% increase from the comparable period last year )
Properties sold at an average of 92% of List Price and took an average of 2-3 months to sell during the 4th Quarter.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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