The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down . The level of inventory of homes for saleof 91 homes is down significantly with the average number of homes for sale having decreased approx. 38% compared to the end of July last year. Sales over the last 3 months have averaged 29 homes . There are 44 homes in escrow at the end of July. Click here for a current search of homes for Sale in Rancho Palos Verdes.
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2160 Via Colinita $200,000 0 1.00 663 $301.66 1956 S12045245 7/25/12 103
17 Goldenspur LN $810,000 3 2.00 2,042 $396.67 1957 S12073056 7/17/12 38
3545 Starline DR $950,000 3 3.00 2,531 $375.35 1969 S11081048 7/19/12 281
33 Rockinghorse Rd $1,090,000 4 3.00 2,766 $394.07 1955 V12060978 7/17/12 25
3520 Bendigo DR $729,000 4 3.00 2,615 $278.78 1965 S12078483 7/23/12 2
30637 Ganado DR $835,000 4 2.00 2,074 $402.60 1967 V12072832 7/19/12 42
2903 Vista Del Mar $3,300,000 5 7.00 7,088 $465.58 1984 V12030413 7/17/12 110
3465 Heroic DR $855,000 4 3.00 2,099 $407.34 1971 S12069181 7/27/12 56
32413 Sea Raven DR $1,050,000 4 2.00 2,037 $515.46 1963 S12041162 7/09/12 71
4362 Exultant DR $1,300,000 4 4.00 4,059 $320.28 2004 S11106512 7/17/12 322
30840 Via Rivera $990,000 4 3.00 2,239 $442.16 1960 V12070270 7/26/1 50
6823 Faircove $1,169,350 4 3.00 2,875 $406.73 1967 V12023172 7/20/12 106
25 Crestwind Dr $1,250,000 4 3.00 3,318 $376.73 1977 V11153822 7/16/12 417
6750 Verde Ridge RD $770,000 4 2.00 1,672 $460.53 1972 F12077124 7/18/12 6
6611 Monero DR $850,000 4 2.00 1,816 $468.06 1962 C12068717 7/17/12 28
6616 Madeline Cove DR $900,000 3 2.00 1,925 $467.53 1971 S12055296 7/12/12 76
28033 Lomo DR $910,000 4 2.00 2,029 $448.50 1963 S12051216 7/25/12 131
6233 Monero DR $1,000,000 4 3.00 2,197 $455.17 1962 V12063685 7/31/12 32
28920 Pinecastle DR $850,000 3 3.00 1,822 $466.52 1966 S702388 7/27/12 27
5615 Mistridge DR $1,080,000 3 2.00 2,461 $438.85 1968 V12064304 7/16/12 50
29362 Whitley Collins DR $1,200,000 5 3.00 2,468 $486.22 1966 P821972 7/27/12 48
6303 Alto CR $1,205,000 4 3.00 2,830 $425.80 1969 S12063167 7/30/12 14
4849 Browndeer LN $825,000 4 3.00 2,189 $376.88 1965 11549461 7/31/12 232
26760 Shadow Wood DR $760,000 3 2.00 1,584 $479.80 1961 V12063901 7/31/12 67
5702 Ironwood ST $775,000 3 2.00 1,556 $498.07 1961 S12055382 7/31/12 91
26766 Basswood AV $780,000 4 2.00 1,670 $467.07 1958 V12060553 7/26/12 11
27018 Shorewood RD $780,000 3 2.00 1,598 $488.11 1958 F12056840 7/25/12 49
28318 Pontevedra DR $669,000 4 2.00 1,746 $383.16 1958 S12070001 7/25/12 24
1433 Caddington DR $865,000 4 4.00 3,070 $281.76 1973 S12049739 7/06/12 68
Average $991,288 4.0 2.70 2,381 $420 89
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It has been taking an average of 3 to 4 months to sell a home in Rancho Palos Verdes. Properties are selling for
approx. 94% of original list price. As noted below, the decrease in discounts from list price reflects more realistic
pricing of homes by sellers.
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The average list price of homes offered for sale had trended downwards for the first 5 months of the year, but then picked up again the last 2 months, but is approx.12% lower than the the comparable 3 month period last year. The average price of homes sold had been much lower than the average list price of homes, had been steadily increasing from February through May, narrowing the gap between the average list price of homes and the average sales price, but has decreased the last two months, significantly increasing the gap between the list price of homes and the average price of homes sold.
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Combined with record low interest rates, now is an excellent time to consider buying a home.
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