The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates(Area 175 in map below)had the following real estate market activity during the 3rd Quarter of 2015:
Properties Sold: 2
Average Sales Price of homes sold during 3rd quarter: $ 1.0 million
Properties for Sale as of 9/30/2015: 6 ( About a 6 month supply based on the average of 1 homes sold a month during the 3rd Quarter. There are no homes in escrow at the end of September)
Average List Price at 9/30/2015: $1.3 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 564 per sq. ft.
Properties sold at an average of 99% of original List Price and took an average of 1 month to sell.
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.