The Valmonte area of Palos Verdes Estates ( Area 164 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015:

Properties Sold: 13 ( A significant increase over the 7 homes sold during the 3rd Quarter last year)

Average Sales Price of homes sold during 3rd quarter:$ 1.7 million

Properties for Sale as of 9/30/2015: 10. Based on average sales per month for the 3rd quarter of 4 home sold, equal to less than 3 months inventory. There is 1 property 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: $ 679 per sq. ft.

Properties Sold for an average of 97% or original List Price

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.