Palos Verdes Real Estate Palos Verdes Drive East Neighborhood Update

Palos Verdes Drive East night time view of the Harbor

2011 Palos Verdes homes sales for the Palos Verdes Drive East neighborhood increased to 58 homes sold compared to 36 in 2010 – a 61% increase.  Price per square foot for Palos Verdes Drive East houses that sold in 2011 was $385 compared to $394 in 2010.  However, average sales price for Palos Verdes Drive East homes sold in 2011 was $1,082,247 compared to $1,056,658 – a slight increase.

Currently, Palos Verdes Drive East has 19 active Palos Verdes homes for sale.  They range from $280,000 for a 0 bedroom, 1 bath, 663 square foot building on a 1,312 square foot lot (originally built as a commercial office which now is on a residential zoned lot) to $4,295,000 for a 6 bedroom, 9 bath, 10,000 square foot home on a 43,902 square foot lot.

For background and history on Palos Verdes Drive East Multiple Listing Area 167, please click here to read my prior article on this neighborhood.

To view current Palos Verdes real estate statistics for the entire Peninsula, click here or on the Statistics tab above.

Photo above is night view of Harbor which can be seen from many properties in this neighborhood