The first half of 2013 has been good for Palos Verdes real estate! Malaga Cove posted the largest gain in average sales price for Palos Verdes homes - $2,255,556 for the first half of 2013 compared to $1,848,972 in the first half of 2012. Monte Malaga, Valmonte, Palos Verdes Drive East, Palos Verdes Drive South, Country Club, La Cresta, Los Verdes, Crest, Peninsula Center, Silver Spur and Eastview neighborhoods also showed gains in average sales price. West Palos Verdes posted the largest decrease in average sales price - $1,892,333 for the first half of 2013 compared to $2,662,222 in the first half of 2012.
Palos Verdes Drive South and Eastview posted the largest gains in average square foot price for Palos Verdes homes sold - a 19.2% and 20.5% increase - $536 and $405 in the first half of 2013 compared to $449 and $336 in the first half of 2012. All other Palos Verdes neighborhoods posted increases in the average square foot price except for Palos Verdes Drive West which experienced a decrease in square foot price (6.3%) from $540 in the first half of 2013 compared to $576 in the first half of 2012. To read more about Palos Verdes home sales by neighborhood, click here...
Chart courtesy of RE/MAX Estate Properties
Comments (1)Subscribe to CommentsComment