PALOS VERDES REAL ESTATES MARKET UPDATE
PALOS VERDES REAL ESTATE MARKET UPDATE FOR TODAY:
There are only 189 homes for sale on the entire Palos Verdes Peninsula.
The lowest priced home in Palos Verdes is $725,000 (same as last month).
The highest priced home in Palos Verdes is currently $10,500,000
The average asking price for a home on the Peninsula has gone down since last month it is currently: $2,240,323 (last month's average was $2,176,204)
The average days on market is 127 (down from last month's dom average of 128 days).
There are 84 homes currently in escrow (this means under contract either pending or contingent) There were 83 last month.
Of these 84 homes in escrow the average list price is $1,341,975(down from last month's average of $1,309,502). The Lowest priced home in escrow: $530,000 (same as last month's)
Highest priced home in escrow: $3,999,000(down from last month's high of $4,999,000).
The average market time for homes in escrow is 90 days (down from last month's 137 days).
Since the first of the year 40 homes have sold on the Peninsula.
The average market time for sold listings is 132 days on market
The average sold price is $1,590,068 down from last month's sold average of $1,796,494.
There are currently 4 homes in Palos Verdes that are REO'S,or in foreclosure.
There are 11 short sales in Palos Verdes.
There are currently 36 condos for sale throughout Palos Verdes. Starting at $171,000 ranging to $2,595,000. With an average list price of $598,775.
There are 15 town homes for sale in Palos Verdes. Ranging in price from $329,000-$959,000.The average list price for a Palos Verdes townhomes is $600,060.
The average market time for the current short sales listings are 110 days on the market.
For a list of the current bank owned homes or the upcoming short sales and foreclosures please contact: Kathy and Rachel Tyndall kathyandrachel@gmail.com
Average SOLD price per square foot in 90275 for the month of January: $413 (up from last month's average of $411 a square foot).
Average SOLD price per square foot in 90274 for the month of January: $544 (up from last month's average of $483 a square foot).
For more information regarding the real estate trends for the Palos Verdes Peninsula and Surrounding Beach Cities please contact: Rachel and Kathy (310)802-2334
Source: MLS and trendgraphix
* All reports are published February 2012, based on data available at the end of January 2012. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
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