Palos Verdes 2019 Whale Watching Has Begun!
Point Vicente Interpretive Center has started counting whales for the 2018/2019 Whale Watching season. This famous landmark gives Palos Verdes homes owners a local center where they can go and watch these massive mammals off our coastline. This season officially started December 1, 2018, and according to the Point Vicente Interpretive Center, as of today, there have been 158 gray whales counted going south, 7 whales going north, and 15 calf pairs going southbound. Most of the whales are traveling south to Baja and the concern in the last several months has been that they are swimming in the large container ship paths.
To see these magnificent creatures, there are several different local options to choose from. Point Vicente Interpretive Center located at 31501 Palos Verdes Drive South, Rancho Palos Verdes, welcomes visitors to this premier whale watching site for viewing (bring binoculars). For more information, call 310-377-5370.
If you want to get a closer look at the whales, there are two companies that have whale watching tours for a fee. San Pedro Spirit Cruises is in the process of refurbishing their boat, and will begin their tour season mid February. During their tour season, they offer tours on Sundays at 12:30 p.m. Once they open, they recommend that you contact them the day before to make sure that there are no weather problems. The cost for the tour is $25 for adults, and $15 for children 5 to 12 years of age. San Pedro Spirit Cruises is located at 77 Berth, San Pedro. For more information and to make future reservations, go to www.spiritmarine.com or call (310) 548-8080.
Redondo Beach Whale Watch has begun their tours and will run them through April. Tour times on Saturday & Sunday are 10:00 a.m. and 1:30 p.m. The cost is $35 for adults, and children 5 to 12 are $25. Reservations are required for weekend tours. Redondo Beach Whale Watch is located at 140 International Boardwalk, Redondo Beach. For more information, go to www.rbwhales.com or call (310) 372-2111 for reservations.
To read my last article on Whale Watching click here.
Photo courtesy of Redondo Beach Whale Watch
Favorite Palos Verdes Homes – January 22, 2019
My favorite Palos Verdes Homes on the January 22, 2019, Palos Verdes real estate Broker’s Tour (15 homes had open houses today) are described below. We currently have 143 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $599,000) to $11,900,000 in the city of Palos Verdes Estates. There are 35 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000. My favorite Palos Verdes homes today are:
Mingli Wang’s (Keller Williams Palos Verdes) 2950 Twin Harbors View Drive, Rancho Palos Verdes, 90275 (above left) is a 6 bedroom, 8 bath, 7,669 square foot home for $6,880,000. This former model home (Estates at Trump National) in Palos Verdes Drive South features ocean views, spacious master suite w/fireplace & sitting area, gourmet kitchen, wine cellar, home theater, pool house, and pool/spa. Elaine Carlson & Betty Waungs’ (RE/MAX Estate Properties & Keller Williams Palos Verdes ) 2108 Paseo del Mar, Palos Verdes Estates, 90274 (above right) is a 6 bedroom, 8 bath, 5,693 square foot home for $5,890,000. This new fabulous contemporary (2015 build) lower Lunada Bay home located across the street from the ocean bluff features ocean views, huge gourmet kitchen w/additional butler’s kitchen/pantry, beautiful master suite w/ocean views, all bedrooms ensuite, 900+ square foot separate casita, and pool/spa.
Jerry Yutronich’s (RE/MAX Estate Properties) 16 Rockinghorse Road, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 6 bath, 5,386 square foot home for $2,799,000. This magnificent custom built Palos Verdes Drive East home features expansive harbor/ocean views, office, media room, chef’s kitchen and incredible master retreat. Joanne Robinson’s (Berkshire Hathaway HomeServices California Properties) 26010 Rolling Hills Road, Rolling Hills Estates, 90274 (above right) is a 4 bedroom, 5 bath, 5,394 square foot home for $2,790,000. This beautiful Palos Verdes Drive North equstrian property features a peek-a-boo city lights view, open concept gourmet kitchen w/breakfast bar, home theater, elevator, and 6+ car garage.
To read my prior article on favorite Palos Verdes homes click here.
Photos courtesy of CRMLS.
Mid January 2019 Palos Verdes Home Sales
Palos Verdes real estate single family home sales in the first 21 days of January 2019 are 12 homes which is a decrease from the 30 Palos Verdes homes sold in the first 21 days of December and a decrease from first 21 days of January 2018 (26). (It may take an additional week for some sales to post after the actual close of escrow). The average sales price for single family Palos Verdes homes from January 1st to date is $3,542,579 which is an increase from last month’s average of $1,948,792 for this same time period and an increase from $1,530,782 last January.
In January 2019 to date, the highest priced Palos Verdes home sold for $14,100,000 and is located in the Malaga Cove neighborhood and has 5 bedrooms, 6 baths and 8,847 square feet on a 3.25 acre lot. This majestic Spanish Colonial masterpiece features a dramatic gated entry, breathtaking ocean/coastline views from nearly every room, a spectacular living room, music room, remarkable master suite w/dual baths & private office, paneled billiard room, wine cellar, massage room, lush gardens, and pool/spa. The lowest priced Palos Verdes homes sold to date in January for $1,300,000 and are located in the Country Club neighborhood of Rancho Palos Verdes (this home has 4 bedrooms, 3 baths and 2,076 square feet on a 12,511 square foot lot) and the Peninsula Center neighborhood of Rancho Palos Verdes (this home has 4 bedrooms, 3 baths, and 2,814 square feet on a 12,182 square foot lot).
We currently have 144 active single family Palos Verdes homes for sale priced between $999,000 in the Palos Verdes Drive North neighborhood to $11,900,000 in the Monte Malaga neighborhood. To view Palos Verdes real estate statistics from October 2017 through December 2018, click here or on the “Statistics” tab above.
Photo of Valmonte Trail courtesy of Arvin Design
Palos Verdes 28th Annual AYSO Spring Select Soccer 2019
The 28th Annual AYSO Palos Verdes Spring Select League is now accepting applications for the upcoming season. The Spring Select League plays from February 23-24 through May 11-12, 2019. This is open for boys and girls in the 10U, 12U, 14U and 16U age groups and is open to PSC, United, EXTRA, Select, All Star and Tournament teams. Each team will be playing a minimum of 8 games.
The Spring League is played at three convenient venues in Palos Verdes: Ladera Linda, Highridge Park, and Malaga Cove School. Girls will be playing on Saturdays and boys will play on Sundays. The first games will be held on February 23-24, 2019, with the final games taking place on May 11-12, 2019. The rosters for these games are: 10U max 12 players, 12U max 14 players, 14U max 18 players, 16U max 22 players.
The teams may be divided into Gold, Silver, and Bronze Pools and may have a round of assessment games. The top three finishers in each pool for 10U, 12U, 14U and 16U will receive medals. All players and coaches will receive a T-shirt included in the price. The entry fee prices are $325 for 10U; $350 for 12U; and $375 for 14U and 16U.
It is important to sign up as soon as possible. The deadline for Registration is February 9, 2019. For more information and to register go to www.ayso10.com.
To read my last article on AYSO winter soccer click here.
Photo courtesy of AYSO Region 10.
Palos Verdes real estate was strong in 2018 with increases in average sales price, median sales price, and price per square foot! Median sales price in 2018 increased 7.2%. 2018 average sales price for Palos Verdes homes was $1,838,339 compared to $1,744,363 in 2017 – an increase of 5.4%. Average price per square foot for Palos Verdes homes sold in 2018 was $654 compared to $631 in 2018 – an increase of 3.6%. There were 52 less single family Palos Verdes homes sold in 2018 – 640 single family Palos Verdes homes sold in 2018 compared to 692 homes in 2017 – there has been a lack of inventory of Palos Verdes homes for the past few years.
The mix of Palos Verdes homes sales for 2018 again showed less sales under $1,000,000. In 2018, 58 Palos Verdes homes sold for under $1,000,000 (compared to 80 homes in 2017). In 2018, 422 Palos Verdes homes sold between $1,000,000 and $2,000,000 (compared to 445 homes in 2017). In 2018, 146 Palos Verdes homes sold between $2,000,000 and $5,000,000 (compared to 157 homes in 2017). Finally, in 2018, 14 Palos Verdes homes sold for $5,000,000 or more (compared to 10 homes in 2017). The most expensive home sold in 2018 for $22,400,000 compared to $13,840,000 in 2017.
Next week, I will discuss 2018 sales by neighborhood for all of the Palos Verdes Peninsula.
Photo of Point Vicente courtesy of Arvin Design
Join Tai Chi & Yoga 2019 Winter Classes At South Coast Botanic Gardens!
Palos Verdes homes owners can start a healthy new year by joining one of South Coast Botanic Garden’s winter sessions of Tai Chi offered on Saturday’s only, or Yoga classes offered on Tuesday & Saturday mornings in January through March. Classes will be held at the Koi Pond Patio, giving Palos Verdes residents the opportunity to exercise in a natural setting instead of a studio environment. You will feel the peace and energy of the Gardens around you. The pace of these classes are appropriate for most individuals.
Tai Chi in the Garden, will be taught only on Saturdays, beginning this Saturday, January 19, 2019, from 9:00 a.m. to 10:00 a.m. through March. You will learn this beautiful ancient Chinese practice, with graceful meditative movements that help maintain physical health, well-being and spiritual essence. The classes are held weekly on the Koi Pond Patio and are the perfect way to release tension, increase balance and improve relaxation. All ages and fitness levels welcome. The cost of each class is $12/members and $15/non-members; drop-ins are allowed.
Yoga in the Garden will begin this week on Saturday, January 19, 2019, and will take place on Saturdays from 9:00 a.m. to 10:00 a.m. through March and will also be offered on Tuesdays from 10:00 a.m. to 11:00 a.m. While enjoying class you will also enjoy the sweeping views and fresh air of the Garden in this outdoor Hatha yoga class. This exercise helps to develop balance and strength in mind and body. Join Veronica Wolkow as she leads you through physical postures, deep breathing, and mindful exercises suitable for all levels. Afterwards, consider a brisk walk or jog around tram road to add to your fitness regimen. You will need to bring a mat and dress in comfortable clothes. In case of rain, you may be moved inside to a dryer location. The cost is $12/members and $15/for non-members ; drop-ins are allowed. The class will benefit the body and mind, and includes live music, sound healing and optional aromatherapy. Reservations for these classes are recommended.
Down Dogs! Kids Yoga will begin this Saturday, January 19, 2019, from 10:15 a.m. to 11:00 a.m. Children can also enjoy the many benefits of yoga in a class just for them. Yoga can help them improve focus, reduce anxiety and increase self-awareness. This beginners class will practice Hatha Yoga for kids. More challenging poses will be introduced as the class progresses and as your child learns self-awareness and builds self-confidence. Parents can use this time to get some exercise and fresh air in the Garden. General Garden Admission is required for parents or free with Membership. This is for kids ages 8 through 12 years of age. The cost is $12/members and $15 for non-members.
Goat Yoga will be offered this Saturday, January 19, 2019, from 1:00 p.m. to 2:30 p.m., and 3:00 p.m. to 4:30 p.m. You can take part in the latest fitness craze and practice your cat/cow, downward dog and child’s pose – in the presence of live goats! Bring your mat, camera, and good humor for an outdoor yoga practice you won’t soon forget, held in a fenced-in area with two furry farm companions. The goats will put a smile on your face and help loosen you up, and if your lucky, might even help you hold a pose. No experience required. Space is limited. Advanced registration required and all participants must be at least 12 years old. To register, please call Visitor Services at (424) 452-0920 Ext. 3. The cost is $30/members and $35/non-members.
If you are interested in attending any of the classes above (except Goat Yoga) you can register online or just drop in. For more information call (310) 544-1948, or log on to southcoastbotanicgarden.org.
To read my prior article on Tai Chi & Yoga in the Garden click here.
The South Coast Botanic Garden is located at 26300 Crenshaw Boulevard, Palos Verdes Peninsula.
Photo courtesy of the South Coast Botanic Garden.
Favorite Palos Verdes Homes – January 15, 2019
My favorite Palos Verdes Homes on the January 15, 2019, Palos Verdes real estate Broker’s Tour (16 homes had open houses today) are described below. We currently have 150 single family Palos Verdes homes for sale ranging in price from $899,000 in Rancho Palos Verdes (The low in Eastview is $599,000) to $11,900,000 in the city of Palos Verdes Estates. There are 29 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000. My favorite Palos Verdes homes today are:
David Caskey and Kurt Allen’s (Strand Hill Christies Int’l Real Estate) 1271 Via Landeta, Palos Verdes Estates, 90274 (above left) is a 5 bedroom, 7 bath, 6,828 square foot home for $2,995,000. This fabulous Lunada Bay home features panoramic ocean/city lights, elegant expansive kitchen, home ofice/den, media room, sauna and pool/spa. Mingli Wang’s (Keller Williams Palos Verdes) 2637 Via Olivera, Palos Verdes Estates, 90274 (above right) is a 4 bedroom, 4 bath, 4,030 square foot home for $2,990,000. This remodeled turn key Lunada Bay home features coastline/ocean views, remodeled kitchen, formal dining room and 2 master suites.
Chris Adlam’s (Vista Sotheby’s Int’l Realty) 3605 Via La Selva, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 4 bath, 2,727 square foot home for $2,399,000. This spectacular Craftsman style Valmonte home features vaulted ceilings, gourmet kitchen, cozy family room and dramatic backyard w/sparkling pol/spa. Suzanne Dyer’s (Berkshire Hathaway HomeService) 30005 Via Borica, Rancho Palos Verdes, 90275 (above right) is a 6 bedroom, 3 bath, 3,429 square foot home for $1,999,000. This elegant executive West Palos Verdes home features ocean/Catalina views, large kitchen w/family eat-in area, updated bathrooms, fantastic master suite and billiard room.
To read my prior article on favorite Palos Verdes homes click here.
Photos courtesy of CRMLS.
Palos Verdes Cornerstone At Pedrogal School 2019-2020 Lottery
Applications for the 2019-2020 school year for Palos Verdes homes owners wanting to enroll their children in Cornerstone at Pedregal, will begin a month earlier this year on Friday, February 1, 2019, at 8:30 a.m. This date is also for students to request a transfer to this school. The deadline for these applications is 4:30 p.m. on February 28, 2019. The application system for Cornerstone has a randomized database which provides a lottery system. This school operates differently than the other elementary schools in Palos Verdes because it is a Parent Participation Model (charter school style). Parents commit time, energy, skills and passion to assist and organize supporting activities that expand curriculum and learning.
Cornerstone is solely a choice school, which means it is not a home based school (which is dependent on the student living in the immediate area). To be entered in the lottery, a K-5 Intradistrict Transfer Application and Cornerstone’s Letter of Intent must be signed and submitted for each new, incoming student. Siblings of Cornerstone students who wish to be enrolled for the 2019-2020 school year must also fill out the Intradistrict Transfer Application and return it to the district by February 28, 2019. These documents can be downloaded on the Palos Verdes Peninsula Unified School District website at www.pvpusd.net. Students eligible for Transitional Kindergarten (TK) based on date of birth (September 2-December 2) are not eligible for the transfer process. Notification of placement should take place during the first week of May.
Since 1993, Cornerstone parents and staff have worked to create a dynamic and responsive campus. Parents are supported by in-service training with the child’s teacher throughout the year, multiple parent meetings with the entire parent body, and opportunities with specialized guest speakers.
Prospective parents should attend the open house event on Saturday, February 2, 2019, from 10:00 a.m. to 12:00 noon.
To read my last article on the enrollment process of Cornerstone school click here.
Photo courtesy of Cornerstone Elementary.
Palos Verdes Hikes & Trails Events February 2019
During the month of February 2019, the Palos Verdes Peninsula Land Conservancy is offering outdoor hikes/activities for Palos Verdes home owners to enjoy including bird walks, nature walks with naturalists, nocturnal full moon walk and volunteer opportunities which are listed below.
Guided Nature Walk by Palos Verdes Land Conservancy will take place at Filiorum Reserve on Saturday, February 9, 2019, at 9:00 a.m. Walk Jack’s Hat Trail on this 191 acre property preserved in 2009 linking the Three Sisters and Portuguese Bend Reserves. This wildlife corridor boasts beautiful ocean views and native habitat. This is considered a strenuous walk. Parking is available on the street on Ocean Terrace Drive near Pacifica Drive, in Rancho Palos Verdes. For more information, please call (310) 541-7613 ext 201 or sign up at www.pvplc.org.
Trail Crew Intro Course will take place on Saturday, February 9, 2019, from 9:00 a.m. to 12:00 noon. This is a great time to join the introductory class to learn more about how you can help improve Peninsula trails. There is no experience needed, but you need to be 18 or over. RSVP at www.pvplc.volunteerhub.com.
Greeters Training will take place on Saturday, February 23, 2019, from 10:00 a.m. to 12:00 noon. Are you interested in attending fun social events while volunteering to help the Conservancy? Attend this one day orientation that will prepare you to help reach out to our local community. RSVP at www.pvplc.volunteerhub.com.
Equinoxes, Solstices and Seasonal Changes Workshop at White Point Nature Education Center on Saturday, February 23, 2019, at 11:00 a.m. If you have ever wondered why we have seasons or the meaning of equinoxes and solstices, come join Dr. Allen Franz for a discussion of the celestial mechanics that shape these phenomena and get a better sense of Earth’s place in the Solar System and how it affects our climate here in Southern California. The event takes place at the White Point Nature Preserve located at 1600 W. Paseo del Mar in San Pedro. RSVP at www.pvplc.org, Events & Activities.
The Family Nature Walk at George F Canyon will take place on Saturday, February 2, 2019, at 11:00 a.m. Families will enjoy this easy and educational walk with a Naturalist through this beautiful canyon preserve and discover the unique variety of birds, mammals, reptiles and insects that call it home. The walk concludes inside the Nature Center with a hands on exploration of the exhibits. This event is free and appropriate for all ages. Stroller friendly. Leashed dogs are welcome. The preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information call (310) 547-0862 or RSVP at www.pvplc.org, Events & Activities.
The Family Science & Storytime at White Point Nature Education Center will take place on Saturday, February 2, 2019, 11:00 a.m. Bring your family to experience a hands-on-science exploration and celebrate Groundhog Day. Your family will enjoy stories, songs and activities with retired Children’s Librarian, Carla Sedlacek. Stay and explore the Nature Center, take a walk on the trails or have a picnic under the historic trees. This event is free and appropriate for all ages. Stroller friendly. Leashed dogs are welcome. White Point Education Center is located at 1600 W. Paseo del Mar in San Pedro. RSVP at www.pvplc.org, Events & Activities.
The Family Science & Storytime will take place at George F Canyon on Saturday, February 9, 2019, at 11:00 a.m. Bring your family to experience a hands on science exploration and listen to our Naturalist share child friendly literature about the Peninsula’s Desert Cottontail Rabbit. Stay and explore the wildlife exhibits, beautiful preserve trail, and picnic under the shady Learning Tree. This event is free and appropriate for all ages. Leashed dogs and strollers are welcome. The preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information call (M-F) 310-541-7613 or (S-S) 310-547-0862 or RSVP at www.pvplc.org, Events & Activities.
Think about new ways to landscape with native plants this year! Native Plant Sale at the White Point Nature Preserve will take place on February 9, 2019, from 11:00 a.m. to 3:00 p.m. Help attract butterflies and other pollinators and beautify your home garden with plants grown in the Conservancy’s nursery. Purchase colorful, drought tolerant native plants that make fertilizers and insecticides virtually unnecessary and require little or no water. Naturalists are on hand to give advice. Plants sold on first come, first served basis. White Point Nature Preserve is located at 1600 W. Paseo del Mar in San Pedro. RSVP at www.pvplc.org, Events & Activities.
The Family Nature Walk at White Point Nature Preserve will take place on February 16, 2019, at 11:00 a.m. Everyone in the family will enjoy a Naturalist guided walk through the Tongva Demonstration Garden where you’ll learn how early inhabitants used native plants for survival. Then walk through beautifully restored coastal sage scrub habitat with views of Catalina. For those interested in the military history of the area, continue to walk up to a WWII gun emplacement. The walk concludes with a visit to the Nature Education Center with multi-media activities for all ages. This is a moderate walk and is free, stroller friendly, and leashed dogs are welcome. The White Point Education Center is located at 1600 W. Paseo del Mar in San Pedro. For more information call (M-F) 310-541-7613 or (S-S) 310-561-0917.
The Wild Birds Unlimited Walk at White Point Nature Preserve will take place on Wednesday, February 20, 2019, at 8:30 a.m. Join Wild Birds Unlimited to explore the birds that make the White Point Nature Preserve home. Try to spot a burrowing owl or listen for the call of the endangered gnat catcher. Binoculars will be supplied for beginners. The program is free and open to the public. All ages are welcome. White Point Nature Education Center is located at 1600 West Paseo del Mar in San Pedro. RSVP at www.pvplc.org,Events & Activities.
Think About New Ways to Landscape with Native Plants this Year! Native Plant Sale at George F Canyon will take place on February 23, 2019, from 11:00 a.m. to 3:00 p.m. Help to attract butterflies and other pollinators and beautify your home garden with plants grown in the Conservancy’s nursery. Purchase colorful, drought tolerant native plants that make fertilizers and insecticides virtually unnecessary and require little or no water. Naturalists are on hand to give advice. Plants sold on first come, first serve basis. George F Canyon is located at 27305 Palos Verdes Drive East, Rolling Hills Estates, 90274. RSVP at www.pvplc.org, Events & Activities.
The Wild Bird Unlimited Walk at George F Canyon will take place on Wednesday, February 27, 2019, at 8:30 a.m. Join the Wild Birds Unlimited expert birder to search for the winged creatures that thrive in the coastal sage woodland of this beautiful canyon. This program is free and all ages are welcome. Parking is available at the Center which is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information call (310) 547-0862 or RSVP at www.pvplc.org,Events & Activities.
Outdoor Volunteer Days at Alta Vicente Reserve will take place on Saturday’s February 2 & February 9, 2019, from 9:00 a.m. to 12:00 noon. Help restore this unique canyon habitat home to many threatened and endangered wildlife species. Sign up at www.pvplc.volunteer.com.
Outdoor Volunteer Day at White Point Nature Preserve will take place on Saturday, February 16, 2019, from 9:00 a.m. to 12;00 noon. Help beautify the native demonstration garden and surrounding habitat. White Point Nature Preserve is located at 1600 W. Paseo del Mar, San Pedro. RSVP at www.pvplc.volunteerhub.com.
The Family Outdoor Volunteer Activity at the George F. Canyon Nature Preserve will take place on Saturday, February 16, 2019, at 11:00 a.m. Put on your work clothes and take part in a kid friendly habitat restoration activity: plant seeds, care for native plants, and track wildlife. Children of all ages will be learning about the role that they can play in nature conservation. This event is free. George F Canyon is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information call (310) 541-7613 or RSVP at www.pvplc.volunteerhub.com.
Outdoor Volunteer Days at Native Plant Nursery will also take place on Saturday, February 23, 2019, from 9:00 a.m. to 12:00 noon. You will nurture seedlings to grow shrubs for habitat restoration projects. You must RSVP by Wednesday, February 20, 2019. Sign up at www.pvplc.volunteerhub.com.
Adopt your own piece of nature! Become an Adopt-a-Plot volunteer with the Palos Verdes Peninsula Land Conservancy. Enjoy the outdoors and become inspired by nature as a volunteer. You will help create habitat for rare and endangered species (like the PV blue butterfly) at one of the restoration sites on the Peninsula on your own schedule. For more information, contact firstname.lastname@example.org, or call (310) 541-7613 x 215.
To read my prior article on the Palos Verdes Peninsula Land Conservancy, click here.
Photo courtesy of Palos Verdes Peninsula Land Conservancy.
Palos Verdes Real Estate Sales December 2018 For Palos Verdes Homes
Palos Verdes real estate sales December 2018 for Palos Verdes homes increased compared to November. 43 Palos Verdes houses sold in December compared to the 36 homes sold in November and decreased compared to the 44 homes that sold in December 2017. There were 38 Palos Verdes single family homes pending in December which increased from the 34 homes pending in November. The number of active Palos Verdes homes for sale in December (155) decreased from the 202 homes for sale in November.
Average sales price for Palos Verdes homes sold in December increased to $1,900,000 from $1,778,000 in November and increased from the $1,853,000 in December 2017. Price per square foot for Palos Verdes houses that sold/closed escrow in December decreased to $611 from November ($637). Average days on market in December increased to 66 days from 56 days in November. Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 3.6 months in December for Palos Verdes homes for sale compared to 5.6 months in November. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the high demand for Palos Verdes homes. Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 150 single family Palos Verdes homes for sale. 41 Palos Verdes houses are in escrow (19 homes have pending sales and 22 homes are under contract). Additionally, 6 homes have sold/closed escrow in the first 10 days of January with an average sales price of $3,562,500 (one sale was for $14,100,000.
To read last month’s report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.