Palos Verdes Real Estate Sales June 2016 For Palos Verdes Homes

Palos Verdes Real Estate Sales June 2016 For Palos Verdes Homes

Palos Verdes Real Estate chart June 2016 showing active, pending and sold Palos Verdes homes 90274 and 90275

Palos Verdes real estate sales June 2016 for Palos Verdes homes increased compared to May.  82 Palos Verdes houses sold in June which increased from the 75 homes sold in May and decreased from the the 90 homes that sold in June 2015.  There were 73 Palos Verdes single family homes pending in June which decreased from the 84 homes pending in May.  The number of active Palos Verdes homes for sale in June (242) increased from the 198 homes for sale in May.

Average sales price for Palos Verdes homes sold in June increased to $1,788,000 from $1,673,000 in May and from the $1,761,000 in June 2015.  Price per square foot for Palos Verdes houses that sold/closed escrow in June increased to $643 from $591 in May.  Average days on market in June increased to 64 days from the 61 days in May.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 3.0 months in June for Palos Verdes homes for sale compared to 2.6 months in May.  A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is still significantly lower indicating the continuing high demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 246 single family Palos Verdes homes for sale.  106 Palos Verdes houses are in escrow (56 homes have pending sales and 50 homes are accepting backup offers).  Additionally, 16 homes have sold/closed escrow in the first 11 days of July at an average sales price of $1,631,000.

To read last month’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Palos Verdes Real Estate Eastview RPV Neighborhood 2015

Palos Verdes Real Estate Eastview RPV Neighborhood 2015

Eastview Park, Rancho Palos Verdes, CA 90275

2015 Palos Verdes homes sales for the Eastview RPV neighborhood increased to 70 single family homes sold compared to 55 in 2014.  Price per square foot for Eastview RPV houses that sold in 2015 increased to $476 compared from $427 in 2014, a 11.6% increase.  Average sales price for Eastview RPV homes sold in 2015 was $759,157 compared to $753,896 in 2014.  The most expensive home sold for $1,110,000 and the lowest priced home sold for $495,000.

Currently, Eastview RPV has 15 Palos Verdes homes (single family) for sale ranging in price from $755,000 for a 3 bedroom, 2 bath, 1,386 square foot home, to $1,195,000 for a 4 bedroom, 3 bath, 2,162 square foot home.  There are 5 condo/townhomes for sale ranging in price from $365,000 for a 2 bedroom, 2 bath, 1,207 square foot home to $618,000 for a 3 bedroom, 3 bath, 1,240 square foot condo/townhome.

For background and history on Eastview RPV Multiple Listing Area 177, please click here to read my prior article on this neighborhood.

To view current Palos Verdes home sales for the Eastview RPV neighborhood and real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.

Photo courtesy of the City of Rancho Palos Verdes.