The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of November of 168 properties is 1% lower than the same time last year, and the average number of homes sold per month of 57 over the last 3 months is 3% higher than the comparable period last year. There are 57 homes in escrow at the end of November.
The average price per sq. ft. for homes sold over the last 3 months of $592 per sq. ft. is down 3% from the same compared to the comparable period last year.
The average price of the homes sold on the Palos Verdes Peninsula during the last 3 months averaged $1.7 million, down about 11% compared to the average price of homes sold in the comparable period last year. The average listing price for homes during the last 3 months of $2.7 million is 6% less than the comparable period last year. These statistics show that lower priced homes are selling faster than the higher priced homes.
Days on Market to sell a property has been averaging a bit more than 2 months, and properties are selling at approx. 94% of original list price.
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