Palos Verdes homes sales for the Palos Verdes Drive East neighborhood for the first half of 2012 increased to 25 single family homes sold in the first half of 2012 compared to 19 the first half of 2011 – a 31% increase. Average sales price for Palos Verdes Drive East homes sold in the first half of 2012 decreased to $1,015,104 from $1,183,175 for the first half of 2011. Price per square foot for Palos Verdes Drive East houses that sold in the first half of 2012 decreased to $366 from $427 in the first half of 2011. The most expensive home sold for $2,425,000 and the lowest priced home sold for $630,000.
Currently, Palos Verdes Drive East has 25 active Palos Verdes homes for sale. There are 25 single family homes for sale ranging from $759,000 for a 3 bedroom/2 bath, 1,735 square foot home, to $4,775,000 for a 5 bedroom/7 bath, 7,315 square foot home.
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, please click here or on the Statistics tab above.
Photo above is of sparkling night time city lights views from the Palos Verdes Drive East neighborhood