The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates(Area 175 in map below)had the following real estate market activity during the 4th Quarter of 2015:
Properties Sold: 2
Average Sales Price of homes sold during 4th quarter: $ 1.0 million
Properties for Sale as of 12/31/2015: 6 ( About a 6 month supply based on the average of 1 homes sold a month during the 4th Quarter. There are no homes in escrow at the end of December)
Average List Price at 12/31/2015: $1.3 million
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 564 per sq. ft.
Properties sold at an average of 99% of original List Price and took an average of 1 month to sell.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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