The Palos Verdes Dr. South area of Rancho Palos Verdes(area 169 in map below )had the following real estate market activity for single family residences during the 1st Quarter of 2015:
Properties Sold: 6 , compared to the 5 homes sold during the 1st Quarter of 2014
Average Sales Price of homes sold during 1st quarter: $ 1.4 million
Properties for Sale as of 3/31/2015 14 , (equal to 7 months of inventory at the average number of homes sold each month in the last quarter of 2 ). There are 3 properties in escrow at the end of March.
Average List Price at 3/31/2015: $2.2 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $586 per sq. ft.
Properties sold at an average of 90% of List Price and took 2 to 4 months to sell during the quarter.
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.