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 3rd Quarter of 2015:
Properties Sold: 5, compared to 8 sold during the 3rd quarter of 2014
Average Sales Price of homes sold during 3rd quarter: $ 1.8 million
Properties for Sale as of 9/30/2015: 5 ( Less than 3 months of inventory based on the average number of homes sold per month in the last quarter of 2)
Average List Price at 9/30/2015: $2.4 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 497 per sq. ft.
Properties sold at an average of 98% of Original List Price and took 3 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.