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City of Rancho Palos Verdes July 2013 Single Family Real Estate Market Report

The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down . The level of inventory of homes for sale of 74 homes at the end of July is down significantly with the average number of homes for sale having decreased approx. 22% compared to the end of July last year. The average number of homes sold per month over the last 3 months of 36 homes per month, is 24% higher than the comparable 3 month period last year. There are 44 homes in escrow at the end of July. Click here for a current search of homes for Sale in Rancho Palos Verdes.

 
 
 
 
 
 
 
       
  Jul. 13 Jun. 13 Curnt vs. Prev Month % Change Jul. 13 Jul. 12 Curnt vs. Same Month 1 Yr Ago % Change May. 13 to Jul. 13 May. 12 to Jul. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 74 76 -2.6% 74 94 -21.3% 70 102 -31.4%
Sold 38 40 -5% 38 29 31% 36 29 24.1%
Pended 44 41 7.3% 44 36 22.2% 42 32 31.3%
 
The following is a list of the 38 homes sold during the month of July 2013:
 

Address                      Sales Price Bd Bth Sqft $/Sq    Yr.Built    ML#   Sold Date Days on Market

31033 Ganado DR               $850,000 4 3.00 2,576 $329.97 1967 H12080661  7/23/13 110
2654 Colt RD                   $1,050,000 4 4.00 2,940 $357.14 1963 SB13030190 7/03/13 112
2416 Daladier DR             $1,225,000 4 3.00 2,746 $446.10 1957 SB13049905 7/25/13  27
27961 Palos Verdes DR E  $1,240,000 5 6.00 3,941 $314.64 1964 PV13096788 7/30/13  68
4516 Palos Verdes DR E    $1,265,000 2 3.00 2,000 $632.50 2006 PV13029236 7/16/13 259
28338 Palos Verdes DR E   $1,384,000 5 5.00 4,042 $342.40 1961 SB13093908 7/03/13 43
3446 Newridge DR            $1,535,000 3 3.00 2,607 $588.80 1969 PV13072794 7/09/13  78
30333 Ganado DR             $1,110,000 5 3.00 2,677 $414.64 1964 PV13083337 7/25/13  80
4112 Sea Horse LN            $1,100,000 3 2.00 1,520 $723.68 1955 PV13043037 7/09/13 76
4108 Sea Horse LN            $1,200,000 3 3.00 1,755 $683.76 1954 V12064459   7/18/13 423
4145 Palos Verdes DR S     $1,275,000 6 3.00 3,047 $418.44 1959 PV13066963 7/09/13  81
30715 Rue Valois               $1,218,500 4 3.00 2,113 $576.67 1960 PV13094114 7/26/13 322
6457 Sattes DR                  $1,275,000 5 4.00 2,912 $437.84 1972 SB13108800 7/25/13 18
12 Via Porto Grande            $1,850,000 5 5.00 4,632 $399.40 1990 PV13081312 7/23/13 81
5408 Valley View RD           $1,917,000 5 6.00 4,792 $400.04 1983 PV13094288 7/30/13 59
32 Via Costa Verde             $1,960,000 5 6.00 5,630 $348.13 1990 PV13065638 7/12/13  91
6774 Kings Harbor                 $830,000 4 2.00 1,672 $496.41 1972 PV13072032 7/15/13 93
28408 San Nicolas DR            $940,000 5 3.00 2,318 $405.52 1964 PV13062889 7/17/13 79
5733 Sunmist DR                $1,100,000 4 3.00 2,506 $438.95 1963 PV13072343 7/11/13 30
5811 Scotwood DR              $1,176,525 4 4.00 2,374 $495.59 1964 SB13103737 7/29/13 31
29413 Quailwood DR           $1,290,000 4 3.00 2,506 $514.76 1964 PV13108820 7/09/13  5
5826 Sunmist DR                $1,361,000 4 4.00 3,276 $415.45 1964 PV13109174 7/23/13 32
4847 Elkridge DR                $1,010,000 4 3.00 1,930 $523.32 1965 PV13103606 7/16/13 46
26703 Hawkhurst DR           $1,150,000 4 3.00 2,490 $461.85 1967 SB13078057 7/16/13 20
4903 Blackhorse RD             $1,200,000 4 3.00 2,405 $498.96 1965 PV13056022 7/05/13 62
26736 Nokomis RD              $1,235,000 4 3.00 2,650 $466.04 1967 PV13083338 7/19/13 72
26802 Hawkhurst DR           $1,275,000 4 3.00 2,490 $512.05 1967 OC13099016 7/31/13 55
27031 Silver Moon LN          $1,422,000 4 4.00 3,650 $389.59 1967 SB13103351 7/30/13 27
5310 Waupaca RD                  $905,000 3 2.00 1,668 $542.57 1958 PV13098842 7/09/13  8
5521 Shoreview DR                $907,000 3 2.00 1,395 $650.18 1958 PV13104140 7/26/13 8
26157 Barkstone                 $1,205,000 4 3.00 2,151 $560.20 1961 PV13109521 7/03/13 18
1446 Toscanini DR                  $655,000 4 2.00 1,624 $403.33 1973 SB13077583 7/24/13 58
29404 S Bayend DR                $664,900 3 2.00 1,464 $454.17 1955 OC13076357 7/09/13 34
1856 Peninsula Verde DR        $699,000 3 2.00 1,895 $368.87 1970 PV13060197  7/12/13 99
27940 Alaflora DR                  $735,000 4 2.00 1,864 $394.31 1959 PV13091050  7/25/13 38
2120 Ronsard RD                   $797,500 5 3.00 2,726 $292.55 1957 PV13076266  7/26/13 91
1846 W Macarthur ST             $844,000 4 3.00 2,424 $348.18 1956 SB13083385  7/23/13 81
Average                              $1,158,282 4.0 3.30 2,633 $462                                           79

 

 
 
 
 
The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $462 is approx. 8% higher than the comparable period last year.
 
       
  Jul. 13 Jun. 13 Curnt vs. Prev Month % Change Jul. 13 Jul. 12 Curnt vs. Same Month 1 Yr Ago % Change May. 13 to Jul. 13 May. 12 to Jul. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 436.7 477.1 -8.5% 436.7 416.4 4.9% 462.9 427.6 8.2%
 
The average list price of homes offered for sale is now 47% higher than this time last year. The average price of homes sold has been much lower than the average list price of homes, averaging $1.2 million over the last 3 months.This indicates that the lower priced homes are selling faster than the higher priced homes.
 
       
  Jul. 13 Jun. 13 Curnt vs. Prev Month % Change Jul. 13 Jul. 12 Curnt vs. Same Month 1 Yr Ago % Change May. 13 to Jul. 13 May. 12 to Jul. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Active Price 2617 2590 1% 2617 1780 47% 2679 1688 58.7%
Avg. Sold Price 1152 1252 -8% 1152 991 16.2% 1222 1132 8%
 
Properties have been taking about 2 months to sell and sold for 97% of the original list price
With 74 homes currently for sale, and sales averaging 36 homes per month,there is currently about 2 months of inventory
 
 
Combined with record low interest rates, now is an excellent time to consider buying a home.
 
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 • August 09 2013 11:47AM

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