Maureen Megowan's Blog

head_left_image

City of Palos Verdes Estates January 2016 Real Estate Market Report 

There are 48 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of January, which is 9% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 11 sales per month, is up 10% compared to the same period last year . This equates to a bit over 4 months of inventory, based on the average sales per month over the last 3 months, historically very low.There are 16  homes in escrow at the end of January. Properly priced homes are often receiving multiple offers in this market. 
 
 
 

The following is a list of the 7 homes sold in the City of Palos Verdes Estates during the month of January 2016:

 

 

The average price per square foot over the last 3 months has been $642 per sq. ft., a decrease of approx. 22% over the comparable period last year.

 
The average days on market for homes sold during last 3 months was about 2-3 months. The percentage of list price for homes sold is approx. 95%.
 
 
The average list price of homes for sale at the end of January is approx. $4 million. This is 41% higher than a year ago. The average sold price of approx. $1.8 million during the last three months is 29% lower than the comparable 3 months last year. 
 
 
 
With 48 homes listed for sale at the end of January, and average sales per month over the last 3 months of 11 homes sold, this equates to a bit over 4 months of inventory. The following chart of months of inventory is based upon the most recent month's sales.
 
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 http://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.

Comment balloon 0 commentsMaureen Megowan • March 01 2016 05:55PM
City of Palos Verdes Estates January 2016 Real Estate Market Report
share
There are 48 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of January, which is 9% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 11 sales per month, is up 10%… more
City of Rancho Palos Verdes January 2016 Real Estate Market Report
share
The level of inventory of homes for sale of 70 homes in the City of Rancho Palos Verdes at the end of January is up about the same compared to the end of January last year. The average number of homes sold per month over the last 3 months of 25… more
Palos Verdes Peninsula ( All Cities ) January 2016 single family real…
share
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of January of 149 properties is 4% higher than the same time last year, and the average number of homes sold per month of 42 over the last 3 months is 3%… more
Beautiful Victoria Knolls Family Home for Sale
share
I have a great new listing of a fully remodeled home in the Victoria Knolls area of Torrance : Beautiful Victoria Knolls Family Home 2634 Brian Avenue, Torrance $929, 000 MLS# PV16018037 Click here for virtual tour Victoria Knolls remodel… more
Eastview Area of RPV 4TH Quarter 2015 Real Estate Market Report
share
The Eastview area of Rancho Palos Verdes ( area 177 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015 : Properties Sold: 25 Average Sales Price of homes sold during… more
Silver Spur Area of RPV / RHE 4th Qtr. 2015 Real Estate Market Report
share
The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 11 Average Sales Price… more
Peninsula Ctr. RHE / RPV 4th Qtr. 2015 Real Estate Market Report
share
The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 4th Quarter of 2015 : Properties Sold: 2 Average Sales Price of homes sold during 4th… more
Crest Area of RPV / RHE 4th Quarter 2015 Real Estate Market Report
share
The Crest area of Rancho Palos Verdes and Rolling Hills Estates (area 174 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015 : Properties Sold: 8 Average sales price of… more
Los Verdes Area of RPV 4th Quarter 2015 Real Estate Market Report
share
The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 9 Average Sales Price of homes sold during 4th quarter:… more
La Cresta Area of RPV and RHE 4th Qtr. 2015 Real Estate Market Report
share
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates ( area 172 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2015 : Properties Sold: 9 Average Sales… more