Properties Sold: 2
Average Sales Price of homes sold during 4th quarter: $1.3 million
Properties for Sale as of 12/31/2015 : 8 ( equal to about 4 months inventory ) . There is 1 property in escrow at the end of December.
Average List Price at 12/31/2015 $ 2.2 million
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 655 per sq. ft. Because of the small number of sales, the price per sq. ft. fluctuates widely
Properties sold at an average of 95% of Original List Price and about 1 month to sell during the quarter.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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