Properties Sold: 9, compared to 3 sold during the 3rd quarter last year
Average Sales Price of homes sold during 3rd quarter: $1.2 million
Properties for Sale as of 9/30/2015 : 6 ( equal to about 2 months inventory based on the average of 3 homes sold a month during the 3rd Quarter ) . There are 3 properties in escrow at the end of September.
Average List Price at 9/30/2015 $ 2.2 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 532 per sq. ft. Because of the small number of sales, the price per sq. ft. fluctuates widely
Properties sold at an average of 98% 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
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.