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 3rd Quarter of 2015:
Properties Sold: 26 ( about a 8% increase over the 3rd quarter of 2014 )
Average Sales Price of homes sold during 3rd quarter: $ 1.5 million
Properties for Sale as of 9/30/2015: 13. This is less than 2 months inventory of unsold homes based on the average number of 9 homes sold per month over the last quarter. There are 6 properties in escrow as of the end of September.
Average List Price at 9/30/2015: $1.7 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 577 per sq. ft., approx. 3% over the comparable quarter last year.
Properties sold at an average of 94% of original List Price and took approx. 1 to 3 months to sell during the 3rd Quarter.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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.
