The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2015:
Properties Sold: 14
Average Sales Price of homes sold during 4th quarter: $ 1.5 million
Properties for Sale as of 12/31/2015: 16 (3 months inventory based upon the average of 5 homes sold per month during the quarter ). There are 2 homes in escrow at the end of December.
Average List Price at 12/31/2015: $ 1.6 million
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 561 per sq. ft.
Properties sold at an average of 94% of List Price and took approx. 2 months to sell
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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