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Palos Verdes Real Estate Sales June 2018 For Palos Verdes Homes

Palos Verdes real estate sales June 2018 for Palos Verdes homes increased compared to May.  82 Palos Verdes houses sold in June compared to the 63 homes sold in May and decreased compared to the 93 homes that sold in June 2017.  There were 78 Palos Verdes single family homes pending in June which increased from the 68 homes pending in May.  The number of active Palos Verdes homes for sale in June (225) increased from the 190 homes for sale in May.
Average sales price for Palos Verdes homes sold in June increased to $2,025,000 from $1,924,000 in May and increased from the $1,739,000 in June 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in June decreased to $635 from May ($683).  Average days on market in June increased to 54 days from 37 days in May.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.7 months in June for Palos Verdes homes for sale compared to 3 months in May.  A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing high demand ... more

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