PALOS VERDES REAL ESTATE MARKET UPDATE FOR SEPTEMBER
There are currently 157 homes for sale in Palos Verdes. The lowest priced home for sale in Palos Verdes is listed for $614,000. The highest priced home for sale in Palos Verdes is listed for $53,000,000.
The average price for a Palos Verdes home in this market across the board is roughly $3,049,292. The average market time for a Palos Verdes home is roughly 101 days.
There are currently 99 homes in escrow in Palos Verdes. The lowest priced home in escrow is $499,000. The highest priced home in escrow is $5,175,000. The average price of a pending Palos Verdes home is roughly $1,386,344. The average market time for the homes in escrow was around 64 days.
Since the first of the year 466 homes have sold in Palos Verdes. In 2012, 653 homes sold on the Peninsula. The lowest priced home to close escrow was sold for $400,000. The highest priced home to close escrow this year sold for $6,999,000. Making the average price for a SOLD Palos Verdes home this year around $1,441,360. The average market time was 73 days.
Palos Verdes consists four cities and two zip codes, 90274 (Palos Verdes Estates, Rolling Hills, and Rolling Hills Estates) and 90275 (Rancho Palos Verdes).
REAL ESTATE MARKET UPDATE FOR 90274
In 90274 for the month of August, there were 79 homes for sale, 49 new listings, 33 sold and 51 homes in escrow. The average price for a home for sale in 90274 was $2,578,000. The average price for a sold home in 90274 was 1,598,000. The average price per square foot in 90274 is $538. On average, homes in 90274 are selling within 95% of the list price within 89 days.
REAL ESTATE MARKET UPDATE FOR 90275
In 90275 for the month of August, there were 113 homes for sale, 74 new listings, 55 homes sold, and 52 in escrow. The average price for a sold home in 90275 is $1,059,000. The average price per square foot in 90275 is $468. On average, homes in 90275 are selling with 98% of the list price and within 36 days.
For more information regarding the real estate trends for the Palos Verdes Peninsula and Surrounding Beach Cities please contact: Rachel (310)872-6358 or Kathy (310)809-8221
Source: MLS and trendgraphix
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