PALOS VERDES REAL ESTATES MARKET UPDATE MONTH END

As of today: October 31st, 2011

There are 226 homes for sale in Palos Verdes.

The lowest priced home in Palos Verdes is $680,000 (up from last month's $649,000).

The highest priced home in Palos Verdes is currently $14,900,000

The average asking price for a home on the Peninsula has gone up since last month it is currently: $2,438,249 (last month's average was $2,364,983)

The average days on market is 136 (up from last month's dom average of 125 days).

There are 92 homes currently in escrow (this means under contract either pending or contingent) There were 94 last month.

Of these 92 homes in escrow the average list price is $1,359,534 (down a tad from last month's average of $1,450,585). The Lowest priced home in escrow: $684,900 (down from last month's $699,900)
Highest priced home in escrow: $3,999,000(down from last month's high of $12,900,000).

The average market time for homes in escrow is 105 days.

Since the first of the year 424 homes has sold on the Peninsula.

The average market time for sold listings is 97 days on market.

The average sold price for a Palos Verdes home is $1,548,623 down from last weeks sold average of $1,555,373

For more information regarding the Real Estate trends for the Palos Verdes Peninsula and Surrounding Beach Cities (Redondo Beach, Hermosa Beach, Manhattan Beach and Torrance) please contact: Rachel & Kathy TYNDALL Top Realtor Team @ RE/MAX Palos Verdes/EXECS
(310)802-2334