The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015 :
Properties Sold: 20 ( 3 more than the 17 homes sold during the 3rd quarter of 2014 )
Average Sales Price of homes sold during 3rd quarter: $ 1.4 million
Properties for Sale as of 9/30/2015: 15 (About 2 months inventory based upon the average of 7 homes sold per month during the quarter ). There are 7 homes in escrow at the end of September.
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 493 per sq. ft.
Properties sold at an average of 89% of List Price and took approx. 3 months to sell
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 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.