The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 1st Quarter of 2015:
Properties Sold: 1, compared to 2 sold during the 1st quarter of 2014
Average Sales Price of homes sold during 1st quarter: $ 1.5 million
Properties for Sale as of 3/31/2015: 5 ( more than 5 months of inventory based on the average number of homes sold per month in the last quarter of less than 1 )
Average List Price at 3/31/2015: $2.3 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 525 per sq. ft.( based only on 1 sale)
Properties sold at an average of 116% of Original List Price and took less than 1 month 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.