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.

Palos Verdes Real Estate Sales Silver Spur Neighborhood 2015

Palos Verdes Real Estate Sales Silver Spur Neighborhood 2015

Grandview Park, Rancho Palos Verdes, CA 90275

2015 Palos Verdes homes sales for the Silver Spur neighborhood decreased to 52 single family homes sold compared to 55 in 2014.  Price per square foot for Silver Spur houses that sold in 2015 increased to $596 compared from $567 in 2014, a 5.1% increase.  Average sales price for Silver Spur homes sold in 2015 was $1,085,682 compared to $1,021,002 in 2014.  The most expensive home sold for $1,443,875 and the lowest priced home sold for $780,000.

Currently, Silver Spur has 7 Palos Verdes homes (single family) for sale ranging in price from $1,050,000 for a 3 bedroom, 2 bath, 1,608 square foot home, to $1,650,000 for a 4 bedroom, 6 bath, 3,029 square foot home.  There are no condo/townhomes for sale in this area.

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

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

Photo of Grandview Park courtesy of the City of Rancho Palos Verdes.

Palos Verdes Real Estate Sales May 2016 For Palos Verdes Homes

Palos Verdes Real Estate Sales May 2016 For Palos Verdes Homes

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

Palos Verdes real estate sales May 2016 for Palos Verdes homes increased compared to April.  75 Palos Verdes houses sold in May which increased from the 65 homes sold in April and increased from the the 62 homes that sold in May 2015.  There were 91 Palos Verdes single family homes pending in May which increased from the 80 homes pending in April.  The number of active Palos Verdes homes for sale in May (198) increased from the 175 homes for sale in April.

Average sales price for Palos Verdes homes sold in May increased to $1,673,000 from $1,547,000 in April and from the $1,581,000 in May 2015.  Price per square foot for Palos Verdes houses that sold/closed escrow in May increased to $591 from $572 in April.  Average days on market in May decreased to 60 days from the 64 days in April.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.6 months in May for Palos Verdes homes for sale compared to 2.7 months in April.  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 212 single family Palos Verdes homes for sale.  124 Palos Verdes houses are in escrow (71 homes have pending sales and 53 homes are accepting backup offers).  Additionally, 21 homes have sold/closed escrow in the first 9 days of June at an average sales price of $1,801,398.

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

Chart courtesy of Trendgraphix, Inc.

Palos Verdes Real Estate Sales Peninsula Center Neighborhood 2015

Palos Verdes Real Estate Sales Peninsula Center Neighborhood 2015

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

2015 Palos Verdes homes sales for the Peninsula Center neighborhood increased to 21 single family homes sold compared to 19 in 2014.  Price per square foot for Peninsula Center houses that sold in 2015 increased to $518 compared from $470 in 2014, a 10.3% increase.  Average sales price for Peninsula Center homes sold in 2015 was $1,115,857 compared to $1,138,295 in 2014.  The most expensive home sold for $1,430,000 and the lowest priced home sold for $880,000.

Currently, Peninsula Center has 2 Palos Verdes homes (single family) for sale ranging in price from $960,000 for a 3 bedroom, 2 bath, 1,662 square foot home, to $1,230,000 for a 4 bedroom, 3 bath, 2,237 square foot home.  There are 2 condo/townhomes for sale ranging in price from $429,900 for a 1 bedroom, 1 bath, 733 square foot home, to $899,000 for a 2 bedroom, 3 bath, 2,268 square foot townhome.

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 home sales for the Peninsula Center neighborhood and real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.

Photo of the Promenade on the Peninsula (which is located in this neighborhood) courtesy of Arvin Design

Palos Verdes Real Estate Sales Crest Neighborhood 2015

Palos Verdes Real Estate Sales Crest Neighborhood 2015

2015 Palos Verdes homes sales for the Crest neighborhood increased to 28 single family homes sold compared to 25 in 2014.  Price per square foot for Crest houses that sold in 2015 increased to $520 compared from $499 in 2014, a 4.2% increase.  Average sales price for Crest homes sold in 2015 was $1,307,054 compared to $1,264,156 in 2014.  The most expensive home sold for $1,710,000 and the lowest priced home sold for $1,062,500.

Currently, Crest has 8 Palos Verdes homes (single family) for sale ranging in price from $1,040,000 for a 4 bedroom, 3 bath, 2,051 square foot home, to $1,489,000 for a 4 bedroom, 3 bath, 2,865 square foot home.  There are 9 condo/townhomes for sale ranging in price from $475,000 for a 2 bedroom, 2 bath, 1,155 square foot home, to $1,095,000 for a 2 bedroom, 3 bath, 2,020 square foot townhome.

For background and history on Crest Multiple Listing Area 174, please click here to read my prior article on this neighborhood.

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

Photo courtesy of the Norris Theatre which is located in the Crest neighborhood.

Palos Verdes Real Estate Sales Los Verdes Neighborhood 2015

Palos Verdes Real Estate Sales Los Verdes Neighborhood 2015

2015 Palos Verdes homes sales for Los Verdes neighborhood decreased to 34 single family homes sold compared to 36 in 2015.  Price per square foot for Los Verdes houses that sold in 2015 increased to $560 compared from $512 in 2014, a 9.4% increase.  Average sales price for Los Verdes homes sold in 2015 was $1,126,632 compared to $1,083,083 in 2014.  The most expensive home sold for $1,469,500 and the lowest priced home sold for $900,000.

Currently, Los Verdes has 5 Palos Verdes homes (single family) for sale ranging in price from $1,129,000 for a 3 bedroom, 2 bath, 2,076 square foot home, to $1,448,000 for a 4 bedroom, 3 bath, 2,332 square foot home.  There are no condo/townhomes for sale in this are.

For background and history on Los Verdes Multiple Listing Area 173, please click here to read my prior article on this neighborhood.

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

Photo of Hesse Park in the Los Verdes neighborhood courtesy of the City of Rancho Palos Verdes.