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 1st Quarter of 2015 :
Properties Sold: 12 ( A 14% decrease from the 14 homes sold during the 1st quarter of 2014 )
Average Sales Price of homes sold during 1st quarter: $ 1.1 million
Properties for Sale as of 3/31/2015: 19 (4-5 months inventory based upon the average of 4 homes sold per month during the quarter ). There are 5 homes in escrow at the end of March.
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 494 per sq. ft.
Properties sold at an average of 96% of List Price and took approx. 2 to 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.