The following are the 52 properties sold in Palos Verdes Estates during the 3rd quarter of 2017:
The average price per square foot over the last 3 months has been $726 per sq. ft. a 4% decrease over the similar period last year.
The average days on market for homes sold during last 3 months was about 1 to 2 months. The percentage of list price for homes sold is approx. 96%.
The average list price of homes for sale at the end of September is approx. $4.0 million. This is about a 6% increase from a year ago. The average sold price of approx. $2.2 million during the last three months is 10% lower than the comparable 3 months last year .
With 56 homes listed for sale at the end of September and average sales per month over the last 3 months of 17 homes sold, equates to a bit over 3 months of inventory. The following chart of months of inventory is based upon the most recent month's sales.
With the current record low interest rates and the stabilized market, now is an excellent time to purchase a home in Palos Verdes Estates.For other market reports for the Palos Verdes Peninsula, go to Market Reports on my website.