The 102 properties listed for sale for the overall Palos Verdes Peninsula at the end of December is approx. 39% lower than the comparable time last year. Single Family home sales for the overall Palos Verdes Peninsula Real Estate Market have improved and the average number of homes sold per month of 55 over the last 3 months is about 20% higher than the comparable period last year .
There are 48 homes in escrow at the end of December.
The average monthly price per sq. ft. for single family homes sold on the Palos Verdes Peninsula during the 4th quarter was $491 per sq. ft., and has been relatively stable, and is up approx. 9% over the 4th quarter 2011.
| |
|
|
|
| |
Dec. 12 |
Nov. 12 |
% ChangeCurnt vs. Prev Month |
Dec. 12 |
Dec. 11 |
% Change Curnt vs. Same Month 1 Yr Ago |
Oct. 12 to Dec. 12 |
Oct. 11 to Dec. 11 |
% Change Curnt vs. Same Qtr 1 Yr Ago |
| Avg. Sq. Ft. Price |
487 |
483 |
0.7% 
|
487 |
449 |
8.5%
|
491 |
450 |
9%
|
|
Based on the average monthly sales of 55 homes over the last 3 months, the current inventory of 102 homes for sale is less than 2 months inventory
The average price of the homes sold on the Palos Verdes Peninsula during the last 3 months averaged $1.3 million, up approx. 5% compared to the average price of homes sold in the comparable period last year, after having taken a large drop in February 2012. The average listing price for homes has risen during the last 3 months to $2.5 million and shows that the lower priced homes are selling faster than the higher priced homes. .
Days on Market to sell a property has been averaging approx. 2 to 3 months, and properties are selling at approx. 94% of original list price.
Comments(0)