The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down. The level of inventory of homes for sale is down significantly with the average number of homes for sale over the last 3 months having decreased approx. 27% over the comparable period last year. The monthly average number of properties sold during the last three months compared to the similar period last year has gone up almost 29%. The average monthly number of homes in escrow during the last 3 months has also increased 53% over the comparable period last year.
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | |||||||
| Nov. 11 | Oct. 11 | % Change | Nov. 11 | Nov. 10 | % Change | Sep. 11 to Nov. 11 | Sep. 10 to Nov. 10 | % Change | |
| Avg. Sq. Ft. Price | 378 | 464 | -18.5%  |
378 | 397 | -4.6% |
437 | 435 | 0.4%  |
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The average price per square foot for homes sold in Rancho Palos Verdes has been very consistent over the
last six to eight months, even increasing over September and October, but decreased 19% in November
compared to the previous month. It remains to be seen if this is a one month aberration.
The following is a list of the 30 homes sold during the month of November 2011:
Address Sales Price Bd Bth Sqft $/Sq Yr.Built ML# Sold Date Days on Market
2202 Sunnyside Ridge RD $675,900 3 2.00 2,068 $326.84 1958 V11119399 11/16/11 15
2040 Suana DR $721,000 3 2.00 1,740 $414.37 1960 V11109806 11/04/11 38 6264 Via Canada $875,000 5 3.00 3,859 $226.74 1955 M11122658 11/29/11 37 2952 Crownview DR $1,060,000 3 3.00 2,817 $376.29 1964 S11131680 11/21/11 46 4332 Via Frascati $1,100,000 4 3.00 2,207 $498.41 1963 V11129470 11/22/11 53 30707 E Palos Verdes Dr. $1,650,000 5 6.00 5,304 $311.09 2004 V11000011 11/10/11 215 30920 Oceangrove DR $690,000 3 3.00 2,242 $307.76 1975 S11098042 11/18/11 89 32452 Searaven DR $847,000 4 2.00 2,037 $415.81 1963 V11044339 11/22/11 225 4031 S Palos Verdes DR $1,238,000 5 5.00 4,451 $278.14 1959 S11037179 11/29/11 219 104 Spindrift DR $1,250,000 4 3.00 1,293 $966.74 1956 V11149567 11/15/11 33 39 Nuvola CT $1,578,000 4 4.00 3,470 $454.76 1998 V11049212 11/28/11 211 30815 Rue Valois $960,000 4 2.00 1,926 $498.44 1960 V11081193 11/03/11 101 30530 Camino Porvenir $1,150,000 4 3.00 2,600 $442.31 1974 V11041765 11/15/11 215 30037 Avenida Esplendida $1,200,000 3 4.00 3,500 $342.86 1973 S11088584 11/10/11 116 6831 Faircove DR $1,250,000 5 3.00 3,000 $416.67 1967 V11109676 11/15/11 88 6934 Brookford DR $840,000 3 2.00 1,854 $453.07 1962 S11092808 11/16/11 90 6632 Verde Ridge Road $1,100,000 5 4.00 2,788 $394.55 1972 V11078210 11/10/11 142 28419 Hazelridge DR $1,165,000 4 3.00 2,484 $469.00 1964 V11132835 11/18/11 40 5632 Seaside Heights $920,000 4 3.00 2,488 $369.77 1966 V11133375 11/30/11 8 5940 Finecrest DR $700,098 4 3.00 2,270 $308.41 1959 V11087256 11/18/11 82 5302 Littlebow RD $765,000 4 2.00 2,340 $326.92 1957 P789544 11/28/11 100 26644 Shadow Wood DR $870,000 4 3.00 1,917 $453.83 1961 P796824 11/04/11 6 5951 Flambeau Road $870,000 5 2.00 2,190 $397.26 1959 V11099943 11/16/11 109 27100 Mesaba DR $902,000 4 3.00 2,245 $401.78 1958 V11110300 11/09/11 26 2034 Jaybrook DR $520,000 2 2.00 1,100 $472.73 1950 P797983 11/16/11 50 2036 W Macarthur ST $530,000 4 2.00 1,629 $325.35 1955 S11067145 11/18/11 113 27630 Tarrasa DR $569,000 4 3.00 1,902 $299.16 1960 V11070978 11/18/11 164 1966 W General ST $620,000 4 2.00 1,781 $348.12 1955 S11135149 11/22/11 28 1465 W Toscanini DR $675,000 4 2.00 2,100 $321.43 1974 S11042705 11/09/11 166 29004 S Bayend DR $685,000 4 3.00 2,376 $288.30 1987 V11104151 11/08/11 76 $932,533 4.0 2.90 2,466 $397 1966 97 Average $1,291,365 4.0 3.00 2,779 $440 113 Combined with record low interest rates, now is an excellent time to consider buying a home.
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