The following are the 32 properties sold in Palos Verdes Estates during the 4th quarter of 2017:
The average price per square foot over the last 3 months has been $733 per sq. ft. a 1% decrease over the similar period last year.
The average days on market for homes sold during last 3 months was about 1 to 2 months. The percentage of list price for homes sold is approx. 95%.
The average list price of homes for sale at the end of December is approx. $4.5 million. This is about a 8% increase from a year ago. The average sold price of approx. $2.0 million during the last three months is 14% lower than the comparable 3 months last year . This shows that the lower priced homes are moving faster.
With 36 homes listed for sale at the end of December and average sales per month over the last 3 months of 11 homes sold, equates to a bit over 3 months of inventory. The following chart of months of inventory is based upon the most recent month's sales.