The Palos Verdes Peninsula Active listing Inventory is low. In the last six month the single family home inventory went from 289 active listings last September, all the way down to 130 now. Needless to say we are again seeing some multiple offer situations on the best listings.

A total of 72 homes have sold on the Palos Verdes Peninsula since the first of the year. Average days on the market was 63. Prices ranged from $810,000 (2 br, 2 bath, 1291 sq.ft home built in 1950) to $6.9 million (7 br, 6.5 bath, 10,000 sq ft home built in 2006) , with the average sale price at $1.61 million.