Properties Sold: 4, compared to 3 sold during the 1st quarter last year
Average Sales Price of homes sold during 1st quarter: $1.4 million
Properties for Sale as of 3/31/2015 : 3 ( equal to about 3 months inventory based on the average of 1 homes sold a month during the 1st Quarter ) . There are 3 properties in escrow at the end of March.
Average List Price at 3/31/2015 $ 2.7 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 481 per sq. ft. Because of the small number of sales, the price per sq. ft. fluctuates widely
Properties sold at an average of 89% of Original List Price and about 2 months to sell during the quarter.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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