Palos Verdes Real Estate Market Update for the month of February 2013 and 2012 year in review
Today's Palos Verdes Real Estate Inventory:
There are only 109 homes for sale (up from 101 last month) on the entire Palos Verdes Peninsula.
The lowest priced home in Palos Verdes is $619,000 (up from last month's $499,900).
The highest priced home in Palos Verdes is currently $15,900,000 (up from last month's high of $10,900,000).
The average asking price for a home on the Peninsula has gone up since last month it is currently: $2,893,264 (up slightly from last month's average of $2,845,145).
The average days on market is 119 (down slightly from last month's market time average of 130 days).
There are 111 homes currently in escrow in Palos Verdes (this means under contract either pending or contingent) There were 94 homes in escrow last month.
Of these 111 homes in escrow the average list price is $1,396,926 (down from last month's average of $1,427,519). The Lowest priced home in escrow is: $400,000 (down from last month's low of $569,000).
The highest priced home in escrow: $3,999,900(same as last month).
The average market time for homes in escrow is 112 days (down from last month's 117 days).
In 2012, 653 homes sold on the Peninsula.
The average market time for sold listings is 89 days on market
The average sold price for a home in Palos Verdes for the year 2012 is $1,399,987.
There are currently 2 active listings (sfr) in Palos Verdes that are Real Estate Owned, have Notice of Defaults or are in foreclosure.
There are 3 active short sale single family homes for sale in Palos Verdes. The average market time for the current short sales listings are 70 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
There are currently 30 condos for sale throughout Palos Verdes. Starting at $239,500 ranging to $2,695,000. With an average list price of $824,664. The average market time for a Palos Verdes Condo is 92 days.
There are 12 town homes for sale in Palos Verdes. Ranging in price from $429,000-$899,000.The average list price for a Palos Verdes town home is $655,650. The average market time for a Palos Verdes townhome is 18 days.
Average SOLD price per square foot in 90275 for the month of January: $435(down from last month's average of $461 a square foot).
The average sold price for a home in 90275 is $1,046,000 (up from last month's $998,000).
Average SOLD price per square foot in 90274 for the month of January: $504 (down from last month's average of $514 a square foot). The average sold price for a home in 90274 is $1,379,000 (down from last month's $1,390,000).
For more information regarding the real estate trends for the Palos Verdes Peninsula and Surrounding Beach Cities please contact: Rachel and Kathy (310)809-8221
Source: MLS and trendgraphix
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