Palos Verdes Real Estate – Peninsula Center Neighborhood Update

The Promenade at the Peninsula shopping center, Rolling Hills Estates, CA 90274

2011 Palos Verdes homes sales for the Peninsula Center neighborhood decreased to 17 single family homes sold compared to 20 in 2010 – a 15% decrease in the number of homes sold. Price per square foot for Peninsula Center homes that sold in 2011 was $443 compared to $430 in 2010 – a 3% increase.  Average sales price for Peninsula Center homes that sold in 2011 was $956,353 compared to $973,776 in 2010.

Currently, there are 2 Palos Verdes condo/townhouses in this area.  They range from $299,000 for a 1 bedroom/1 bath, 753 square foot unit to $549,900 for a 2 bedroom/3 bath, 1,600 square foot unit.  There are 5 single family residences in this areas for sale.  They range from $819,700 for a 4 bedroom/2 bath, 2,142 square foot residence to $995,000 for a 4 bedroom/3 bath, 2,246 square foot Palos Verdes home.

For background and history on Peninsula Center Multiple Listing Area #175, please click here to read my prior article on this neighborhood.

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

Photo above is of the Promenade of the Peninsula

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