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Palos Verdes Peninsula October 2011 Real Estate Market Report

By
Real Estate Agent with Remax Estate Properties - BRE #01368971

The overall Palos Verdes Peninsula Real Estate Market has slowed a bit over the last several months. The number of properties listed for sale is approx. 20% lower than this time last year, and the number of sales per month over the last 3 months is very close to that of the similar period last year.

 
 
 
 
 
  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Oct. 11 Sep. 11 % Change Oct. 11 Oct. 10 % Change Aug. 11 to Oct. 11 Aug. 10 to Oct. 10 % Change
For Sale 238 265 -10.2% 238 313 -24% 259 324 -20.1%
Sold 38 43 -11.6% 38 45 -15.6% 47 46 2.2%
Pended 59 45 31.1% 59 38 55.3% 54 43 25.6%
 
 
The average price per square foot of homes sold on the Palos Verdes Peninsula over the last 3 months is down
approx. 2.5% over the comparable period last year, but appears to have stabilized.
 
 
 
 
 
  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Oct. 11 Sep. 11 % Change Oct. 11 Oct. 10 % Change Aug. 11 to Oct. 11 Aug. 10 to Oct. 10 % Change
Avg. Sq. Ft. Price 471 464 1.5% 471 481 -2% 467 479 -2.5%
For detailed market reports for the Palos Verdes Peninsula and the South Bay of Los Angeles for the Third
Quarter of 2011 see
  • Market Reports
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