Palos Verdes Homes 2019 Neighborhood Sales
Palos Verdes Homes 2019 Neighborhood Sales
In my January 17, 2020, article, I discussed the overall sales numbers for single family Palos Verdes homes sold in 2019 with small increases in the number of homes sold (.9%) and average price per square foot (.3%), and a decrease in the average sales price (1.3%). Inventory of Palos Verdes homes for sale was low again last year and multiple offers were common as buyers sought to purchase Palos Verdes homes. Below is information on specific Palos Verdes neighborhoods. The chart above can be enlarged by clicking on it or go to the “Statistics” tab above.
Lunada Bay posted the largest gain in average sales price – $2,229,637 for 2019 compared to $2,063,384 in 2018; Malaga Cove was second with an average sales price of $2,978,188 in 2019 compared to $2,853,256 in 2018. The Mira Catalina, Palos Verdes Drive East, Palos Verdes Drive North, and Crest neighborhoods also showed significant gains in average sales price for 2019. The Monte Malaga, Los Verdes, and Peninsula Center neighborhoods also showed gains in average sales price. Country Club posted the largest decrease in average sales price – $1,788,870 for 2019 compared to $2,173,723 in 2018.
All but 6 neighborhoods posted gains in average square foot price in 2019. The City of Rolling Hills posted the largest gain in average square foot price for Palos Verdes homes sold – a 25.8% increase – $915 in 2019 from $727 in 2018. Palos Verdes Drive South had the largest decrease in square foot price (29.7%) from $831 in 2018 to $584 in 2019. Homes in The City of Rolling Hills sold for the highest price per square foot – $915.
Palos Verdes Drive North posted the largest number of Palos Verdes homes sold in 2019 – 81 Palos Verdes houses (56 homes in 2018). Both Malaga Cove and Valmonte posted the biggest gains in home sales – Valmonte 47 in 2019 compared to 41 in 2018 and Malaga Cove 26 in 2019 compared to 20 in 2018. Palos Verdes East, West Palos Verdes, Crest, and Eastview also had gains in Palos Verdes homes sales. All other Palos Verdes neighborhoods had a decrease in number of homes sold in 2019 except for La Cresta and Los Verdes which were the same.
The total valuation of single family Palos Verdes homes sold in 2019 was $1,193,826,891. The highest priced single family Palos Verdes home sold for $15,500,000 in the City of Rolling Hills and the lowest priced Palos Verdes homes sold for $850,000 (Palos Verdes Drive East) and $680,000 (Eastview). 2019 information on the sales price mix for Palos Verdes homes sold can be obtained by clicking here or going to my prior post, “Palos Verdes Home Up In 2019!”
Above chart courtesy of RE/MAX Estate Properties
Enjoy Palos Verdes Library District’s February 2020 Free Movies!
Enjoy Palos Verdes Library District’s February 2020 Free Movies!
The Palos Verdes Library District has some great free movies that they will be showing during the month of February 2020. Each month they offer a different selection of foreign movies, “latest” releases, and classic cinema. Most of the screenings will have some post film discussion which adds an opportunity to socialize with others in the community. In February, the following movies will be presented:
Classic Movies at Noon, which shows films from the 1930’s through the 1990’s on the first Tuesday of the month, will be screening this month on Monday, February 4, 2020, at noon, CARMEN JONES (1954) in the Peninsula Center Library. This will be a contemporary version of the Bizet opera with new lyrics and an African-American cast. February is black history month and this adaptation of the opera “Carmen” with an all African-American cast will be a musical treat.
The Multiplex film series will be screening ECHO IN THE CANYON (2018) on Thursday, February 13, 2020, at 3:00 p.m. and 6:00 p.m. in the Peninsula Center Library Community Room. This movie looks at the roots of the historic music scene in LA’s Laurel Canyon featuring the music of iconic groups such as The Byrds, The Beach Boys, Buffalo Springfield, and The Mamas and the Papas.
All of the film screenings this month will take place at the Peninsula Center Library Community Room located at 701 Silver Spur Road, Rolling Hills Estates. For more information regarding any of the films, call 310-377-9584.
To read my prior article on the Palos Verdes Library District click here.
Photo courtesy of the Palos Verdes Library District
Favorite Palos Verdes Homes – January 21, 2020
Favorite Palos Verdes Homes –January 21, 2020
My favorite Palos Verdes Homes on the January 21, 2020, Palos Verdes real estate Broker’s Tour (12 homes had open houses today) are described below. We currently have 143 single family Palos Verdes homes for sale ranging in price from $1,075,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $27,500,000 in the city of Palos Verdes Estates. There are 26 Palos Verdes condos/townhomes for sale priced between $579,000 and $2,295,000. My favorite Palos Verdes homes today:
Steven Haw’s (Keller Williams Palos Verdes) 1500 Via Montemar, Palos Verdes Estates, 90274 (above left) is a 3 bedroom, 4 bath, 3,670 square foot home for $2,395,000. This custom executive Malaga Cove home rebuilt in 2005 features ocean & Malibu views, gourmet kitchen w/center island, office/library, spacious family room, and pool. George Fotion’s (Call Realty) 2441 Via Sonoma, Palos Verdes Estates, 90274 (above right) is a 4 bedroom, 3 bath, 2,472 square foot home for $1,699,000. This Monte Malaga home is a “blank canvas” awaiting your personalization to create your dream home and is located on almost 19,000 square foot lot with an enormous flat back yard.
Nicholas Phillips’ (Compass) 6616 Eddinghill Drive, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 3 bath, 2,789 square foot home for $1,479,000. This spacious Los Verdes home features incredible ocean views from Catalina to Malibu, bright & open kitchen, large living spaces and grand outdoor deck w/spectacular ocean views. Jacqueline Donell’s (RE/MAX Estate Properties) 4959 Blackhorse Road, Rancho Palos Verdes, 90275 (above right) is a 3 bedroom, 3 bath, 2,246 square foot home for $1,148,000. This traditional Blackhorse neighborhood home features spectacular city/downtown/mountain views, large kitchen, expansive flat backyard, and solar panels.
To read my prior article on favorite Palos Verdes homes for sale click here.
Photos courtesy of CRMLS
Mid January 2020 Palos Verdes Home Sales
Mid January 2020 Palos Verdes Home Sales
Palos Verdes real estate single family home sales in the first 20 days of January 2020 are 25 homes which is a decrease from the 42 Palos Verdes homes sold in the first 20 days of December and a decrease from the first 20 days of January 2019 (12). (It may take an additional week for some sales to post after the actual close of escrow). The average sales price for single family Palos Verdes homes from January 1st to January 20th is $1,779,222 which is an increase from last month’s average of $1,735,049 for this same time period and a decrease from $3,542,579 last January.
In January 2020 to date, the highest priced Palos Verdes homes sold for $3,762,000 and is located in the Lunada Bay neighborhood of Palos Verdes Estates and had 4 bedrooms, 4 baths, and 4,083 square feet on a 19,625 square foot lot. This remarkable, fully remodeled and upgraded home located across from the ocean bluff features unobstructed ocean/Catalina views, large remodeled ocean view chef’s kitchen w/huge center island, spacious master suite, large flat private backyard. The lowest priced Palos Verdes homes sold January 2020 to date for $1,050,000 and is located in the Peninsula Center neighborhood of Rancho Palos Verdes and features 3 bedrooms, 3 baths and 1,896 square feet on a 19,491 square foot lot.
We currently have 144 active single family Palos Verdes homes for sale priced between $1,075,000 in the Silver Spur neighborhood to $27,500,000 in the Lunada Bay neighborhood. To view Palos Verdes real estate statistics from October 2018 through December 2019, click here or on the “Statistics” tab above.
To read my prior article on Mid December 2019 Palos Verdes Home Sales click here.
Above photo of Palos Verdes courtesy of Arvin Design
Palos Verdes Home Sales Up In 2019!
Palos Verdes Home Sales Up In 2019!
Palos Verdes real estate in 2019 experienced small increases in the number of homes sold and price per square foot. There were 6 additional single family Palos Verdes homes sold in 2019 – 660 single family Palos Verdes homes sold in 2019 compared to 654 homes in 2018. Average price per square foot for Palos Verdes homes sold in 2019 was $654 compared to $653 in 2018 – an increase of 0.3%. 2019 average sales price for Palos Verdes homes was $1,805,367 compared to $1,829,758 in 2018 – a decrease of 1.3%.
The mix of Palos Verdes homes sales for 2019 again showed less sales under $1,000,000. In 2019, 59 Palos Verdes homes sold for under $1,000,000 (compared to 61 homes in 2018). In 2019, 426 Palos Verdes homes sold between $1,000,000 and $2,000,000 (compared to 432 homes in 2018). In 2019, 164 Palos Verdes homes sold between $2,000,000 and $5,000,000 (compared to 147 homes in 2018). Finally, in 2019, 11 Palos Verdes homes sold for $5,000,000 or more (compared to 14 homes in 2018). The most expensive home sold in 2019 for $15,500,000 compared to $22,400,000 in 2018.
Next week, I will discuss 2019 sales by neighborhood for all of the Palos Verdes Peninsula.
To read my article on Palos Verdes homes sales in 2018, click here.
Photo of a Palos Verdes beach courtesy of Arvin Design
Join Tai Chi & Yoga 2020 Winter Classes At South Coast Botanic Gardens!
Join Tai Chi & Yoga 2020 Winter Classes At South Coast Botanic Gardens!
Palos Verdes homes owners can start a healthy new year by joining one of South Coast Botanic Garden’s winter sessions of Tai Chi offered on Saturday’s only, or Yoga classes offered on Tuesday & Saturday mornings in January through February 29, 2020. Classes will be held at the Koi Pond Patio, giving Palos Verdes residents the opportunity to exercise in a natural setting instead of a studio environment. You will feel the peace and energy of the Gardens around you. The pace of these classes are appropriate for most individuals.
Tai Chi in the Garden, will be taught only on Saturdays, beginning this Saturday, January 18, 2020, from 9:00 a.m. to 10:00 a.m. through February 29, 2020. You will learn this beautiful ancient Chinese practice, with graceful meditative movements that help maintain physical health, well-being and spiritual essence. The classes are held weekly on the Koi Pond Patio and are the perfect way to release tension, increase balance and improve relaxation. All ages and fitness levels welcome. The cost of each class is $12/members and $15/non-members; drop-ins are allowed. For more information, or to buy tickets for these classes click here.
Yoga in the Garden will begin this week on Saturday, January 18, 2020, and will take place on Saturdays from 10:00 a.m. to 11:00 a.m. through February 29, 2020, and will also be offered on Tuesdays from 10:00 a.m. to 11:00 a.m. While enjoying class you will also enjoy the sweeping views and fresh air of the Garden in this outdoor Hatha yoga class. This exercise helps to develop balance and strength in mind and body. This class is suitable for all levels. Afterwards, consider a brisk walk or jog around tram road to add to your fitness regimen. You will need to bring a mat and dress in comfortable clothes. In case of rain, you may be moved inside to a dryer location. The cost is $12/members and $15/for non-members, and drop-ins are allowed. The class will benefit the body and mind, and includes live music, sound healing and optional aromatherapy. Reservations for these classes are recommended. For more information on this class, or to buy tickets click here.
Goat Yoga will be offered on Saturday, February 22, 2020, from 11:00 a.m. to 12:30 p.m., and 1:00 p.m. to 2:30 p.m. Hit the G.Y.M. this year at the Garden – goats, yoga and mimosas! This new fitness craze of practicing your yoga in the presence of live goats includes a 60 minute yoga session followed by two mimosas (or juice) and a relaxing tram tour of the Garden. Bring your mat, camera and good humor for an outdoor yoga practice you won’t soon forget. No yoga experience is required. Participants must be at least 10 years old; 21+ for mimosas. Must bring valid ID for alcohol. Space is limited and advanced registration required. The cost for these classes is $48/members, and $58 for non members. This class will fill up fast, so it is recommended you get your tickets asap. For more information on this class or to buy tickets click here.
For more information call Visitor Services at (424) 452-0920 x 3, or log on to southcoastbotanicgarden.org. to buy tickets.
To read my prior article on Tai Chi & Yoga in the Garden click here.
The South Coast Botanic Garden is located at 26300 Crenshaw Boulevard, Palos Verdes Peninsula.
Photo courtesy of the South Coast Botanic Garden.
Favorite Palos Verdes Homes – January 14, 2020
Favorite Palos Verdes Homes –January 14, 2020
My favorite Palos Verdes Homes on the January 14, 2020, Palos Verdes real estate Broker’s Tour (18 homes had open houses today) are described below. We currently have 137 single family Palos Verdes homes for sale ranging in price from $1,075,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $27,500,000 in the city of Palos Verdes Estates. There are 31 Palos Verdes condos/townhomes for sale priced between $389,000 and $2,295,000. My favorite Palos Verdes homes today:
Lauren Forbes & John Corbales (Compass) and Jade & Tiffany Mills’ (Coldwell Banker Residential Brokerage) 100 Vanderlip Drive, Rancho Palos Verdes, 90275 (above left) is a 7 bedroom, 9 bath, 7,700 square foot home for $12,995,000. The Vanderlip Estate located in Palos Verdes Drive South is home to the Villa Narcissa and is known as The Peninsula’s Crown Jewell. This property features epic panoramic ocean views, 10 guest houses, olive & citrus trees lined lanes, tennis court and pool all on a 11.5 acre lot. Mark Stoll’s (Vista Sotheby’s Int’l Realty) 880 Via Del Monte, Palos Verdes Estates, 90274, (above right) is a 4 bedroom, 5 bath, 3,880 square foot home for $4,998,000. This extensively remodeled Spanish executive Monte Malaga home features spectacular Queens Necklace views, extraordinary kitchen, large bonus storage room and pool.
Gina Ladinig’s (Beach City Brokers) 2112 Via Alamitos, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 3 bath, 2,874 square foot home for $1,995,000. This beautifully updated Monte Malaga home features an updated and utilitarian chef’s kitchen, large master bedroom, updated bathrooms, and brick wine cellar room. Gayle Probst’s (RE/MAX Estate Properties) 30 Country Lane, Rolling Hills Estates, 90274 (above right) is a 4 bedroom, 4 bath, 3,352 square foot home for $1,975,000. This fabulous gated Rolling Hills Park Estates home features a cook’s dream center island kitchen, huge master suite, dual spa & cooling pond plus community tennis/paddle courts & stables w/riding facilities.
To read my prior article on favorite Palos Verdes homes for sale click here.
Photos courtesy of CRMLS
Palos Verdes Hikes & Trails Events February 2020
Palos Verdes Hikes & Trails Events February 2020
Special Events:
Nature Walk at Sacred Cove by Palos Verdes Peninsula Land Conservancy will take place on Saturday, February 8, 2020, at 2:00 p.m. You can take a scenic walk down the coastal bluff to discover the tide pools below. This is considered a strenuous walk. You can park at Abalone Cove Shoreline Park located at 5970 Palos Verdes Drive South, Rancho Palos Verdes. Cost for parking is $6. Sign up at www.pvplc.org.
Trail Crew Training will take place on Saturday, February 8, 2020, from 9:00 a.m. to 12:00 noon. You can join the indoor introductory class to learn more about how you can help improve Peninsula trails. Following the course, you can join for field classes held every 2nd Saturday from 9:00 a.m. to 12:00 noon that focus on various techniques for erosion repair, building rock walls, proper pruning and more. No experience is needed, and you must be 18 or over. Sign up at www.pvplc.volunteerhub.com.
Docent Orientation for the White Point Nature Education Center will take place on Sunday, February 23, 2020, from 11:00 to 12:00 noon. If you enjoy local nature and want to share it with others, you can become a Nature Center Docent. You will be assisting with with many functions from plant sales to mentoring scout badges to guiding field trips. RSVP at www.pvplc.volunteerhub.com.
Monthly Activities:
Native Plant Sale at White Point Nature Preserve will take place on Saturday, February 1, 2020, at 10:30 a.m. Is it possible to have a beautiful and fragrant yard without using fertilizers and pesticides? Could our winter rains provide all the water that your plants need? The answer is yes if you garden with native plants. Come to the plant sale and learn how. Experts can tell you how. Free for all ages. Leashed dogs are welcome. Plants sold on first come, first served basis. White Point Nature Preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. RSVP at www.pvplc.org, Events & Activities.
The Woodlands Nature Walk at George F Canyon will take place on Saturday, February 1, 2020, at 10:30 a.m. At the canyon you can experience this pristine streamside 1.8 mile trail that winds through fragrant coastal sage habitat and into shady willow woodland. You will observe canyon birds and wildlife, discover rare exposed Catalina schist bedrock, and at the top enjoy a spectacular view of the Los Angeles basin. This easy walk begins and ends in the Nature Center where Miss Penny, the beautiful California King Snake, welcomes you. This is free and appropriate for all ages. Stroller friendly. Leashed dogs are welcome. The Preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information, call (S-S) 310-547-0862 or (M-F) 310-541-7613 or RSVP at www.pvplc.org, Events & Activities.
The Nature Club for Families at White Point Nature Preserve will take place on Wednesday, February 5, 2020, at 10:30 a.m. Bring your kids to White Point Nature Preserve and get to know the mammals and reptiles that live on the Peninsula. You can play games, make art, study taxidermy specimens, handle pelts, and meet the live animal collection while you learn to identify the tracks and scat of coyotes, raccoons, rabbits, snakes and skunks. Afterwards take your new sleuthing skills out on the trails to find out what kinds of wildlife are nearby. This is free and appropriate for all ages, stroller friendly, and leashed dogs are welcome. The White Point Education Center is located at 1600 W. Paseo del Mar, San Pedro. RSVP at www.pvplc.org,Events & Activities.
The Nature Club for Families will take place at George F Canyon on Sunday, February 9, 2020, at 10:30 a.m. In February, you will discover native trees like the large Sycamore, evergreen Coastal Live Oak, and swaying Willow. The knowledgeable naturalists invite you to play games, make art, sing songs, hike trails, read books and explore the preserves magical trees. This event is free and appropriate for all ages. Leashed dogs and strollers are welcome. The Preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. For more information go to www.pvplc.org,Events & Activities.
The Coastal Nature Walk at White Point Nature Preserve will take place on Saturday, February 15, 2020, at 10:30 a.m. You will be able to take a walk beside the ocean with the knowledgeable Naturalists. You’ll begin with a stroll through the Tongva Demonstration Garden to learn how for thousands of years, the early inhabitants of the Peninsula used native plants for survival. Continue on the trails through beautifully restored coastal sage scrub habitat, past historic military sites, and across native grasslands. Listen for the “meow” of the endangered gnatcatcher bird that is thriving here. Finish with a hands on exploration of the Native Center. This is free and appropriate for all ages, stroller friendly, and leashed dogs are welcome. The White Point Education Center is located at 1600 W. Paseo del Mar, San Pedro. RSVP at www.pvplc.org,Events & Activities.
Native Plant Sale at George F Canyon will take place on Saturday, February 15, 2020, at 10:30 a.m. There are one third fewer birds in North America than there were thirty years ago, with coastal birds taking the hardest hit, mostly due to habitat destruction. You can contribute to their survival by resorting coastal sage habitat in your own yard. When you plant native plants, you expand their habitat beyond the nature preserves’ boundaries, creating a new kind of contiguous urban wilderness. Your garden can be gorgeous and fragrant, require very little water, and no chemical fertilizers or insecticides; while also contributing to the survival of coastal birds and pollinators. The naturalists will show you how. For more information email scmith@pvplc.org. George F Canyon is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. RSVP at www.pvplc.org, Events & Activities.
The Wild Bird Walk at White Point Nature Preserve will take place on Wednesday, February 19, 2020, at 8:30 a.m. Join the Wild Birds Unlimited to search for the winged creatures that make White Point Nature Preserve their home. Keep one ear tuned for the “meow” of the endangered gnatcatcher, now thriving at White Point. Or maybe you will spot one of the burrowing owls, a peregrine falcon, or a red tailed hawk. This program is free and all ages are welcome. Binoculars supplied for beginners. Parking is available at 1600 W. Paseo del Mar, San Pedro. For more information email csmith@pvplc.org, or go to www.pvplc.org,Events & Activities.
The Wild Bird Walk at George F Canyon will take place on Wednesday, February 26, 2020, at 8:30 a.m. You will join Wild birds Unlimited expert birder to search for the winged creatures that thrive in the coastal sage and riparian woodland of this lovely canyon. This is free and appropriate for all ages. Binoculars are supplied for beginners. No dogs are allowed on the bird walks. The George F Canyon Nature Preserve is located at 27305 Palos Verdes Drive East, Rolling Hills Estates. RSVP at www.pvplc.org, Events & Activities.
Volunteer Opportunities:
Outdoor Volunteer Day at White Point Nature Preserve with the Palos Verdes Peninsula Land Conservancy will take place on Saturday, February 1, 2020, from 9:00 a.m. to 12:00 noon. The volunteers will help care for the White Point Native Plant Demonstration Garden by removing invasive weeds, watering native plants, adding mulch to recently planted plants and more. These efforts will help restore this habitat for wildlife as well as create a beautiful place for the community to enjoy! Sign up at www.pvplc.volunteerhub.com.
Outdoor Volunteer Day at Alta Vicente Reserve with the Palos Verdes Peninsula Land Conservancy will take place on Saturday, February 8, 2020, from 9:00 a.m. to 12:00 noon. Volunteers provide a critical role in working to remove invasive weeds to maintain important wildlife habitat in this recently resorted ocean side habitat. Sign up at www.pvplc.volunteerhub.com.
Outdoor Volunteer Day at Abalone Cove Reserve will take place on Saturdays, February 15th and 22, 2020, from 9:00 a.m. to 12:00 noon. Help enhance the habitat by planting native shrubs, removing invasive weeds, watering native plants and more. Your efforts will help restore this habitat for wildlife as well as create a beautiful place for the community to enjoy. Locations may be subject to change or cancellation due to rain. Sign up at www.pvplc.volunteerhub.com
Rapid Response Team will be getting together on Fridays and Saturdays, from 9:00 a.m. to 12:00 noon. You will work alongside Conservancy staff protecting important wildlife habitat by closing unauthorized trails. The task includes trail maintenance, building fences, installing signage and more. You will work at various locations around the Preserve. No experience is needed. This is for ages 15 and up. Sign up at www.pvplc.volunteerhub.com.
To read my prior article on Palos Verdes Hikes and Trails, click here.
Photo courtesy of the Palos Verdes Peninsula Land Conservancy
Palos Verdes 2020-2021 Kindergarten Registration Open
Palos Verdes 2020-2021 Kindergarten Registration Open
Palos Verdes homes owners (and/or tenants) who have children entering Kindergarten in the Fall of 2020, are invited to attend a Kindergarten Registration Information Program. The Palos Verdes Peninsula Unified School District recommends that parents attend even if they have had other children go through the system because the program has changed. This is an important event if you have Kindergarten age children because some Palos Verdes elementary schools are impacted. California Law (SB 1381) regarding the age requirement for Kindergarten enrollment was changed. The law now requires a child be five years old on or before September 1, 2020, to be eligible for Kindergarten. To enroll in Transitional Kindergarten (which is a separate program), children must be five years old before December 2, 2020. Children who will be turning 5 years old on or between September 2 and December 2, 2020 are automatically placed in Transitional Kindergarten at the time of enrollment and will not need Transitional Kindergarten screening.
Parents are encouraged to attend one of the scheduled Kindergarten Orientation meetings and learn more about this change, the application process, kindergarten readiness, standards, transitional kindergarten, before and after school child care, fee-based summer programs and the application deadline. The meetings will be held on:
Tuesday, January 14, 2020 (6:30 p.m. to 7:30 p.m.) at Vista Grande Elementary School, 7032 Purpleridge Drive, Rancho Palos Verdes (310) 377-6066.
Thursday, January 16, 2020 (6:30 p.m. to 7:30 p.m.) at Dapplegray Elementary School, 3011 Palos Verdes Drive North, Rolling Hills Estates (310) 541-3706.
Each elementary school will host a parent orientation meeting in May that will include tours, program information and the curriculum information.
The enrollment process for 2020-2021 school registration is on the PVPUSD website at www.pvpusd.net with instructions and enrollment forms.
To read my last article on Palos Verdes Kindergarten Registration click here.
Photo courtesy of PVPUSD
Palos Verdes Real Estate Sales December 2019 For Palos Verdes Homes
Palos Verdes Real Estate Sales December 2019 For Palos Verdes Homes
Palos Verdes real estate sales December 2019 for Palos Verdes homes decreased compared to November. 56 Palos Verdes houses sold in December compared to the 61 homes sold in November and increased compared to the 43 homes that sold in December 2018. There were 43 Palos Verdes single family homes pending in December which decreased from the 53 homes pending in November. The number of active Palos Verdes homes for sale in December (129) decreased from the 179 homes for sale in November.
Average sales price for Palos Verdes homes sold in December increased to $1,686,000 compared to $1,647,000 in November, and decreased from the $1,900,000 in December 2018. Price per square foot for Palos Verdes houses that sold/closed escrow in December increased to $627 from November ($616). Average days on market in December increased to 64 days from 46 days in November. Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.3 months in December for Palos Verdes homes for sale compared to 2.9 months in November. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes. Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 125 single family Palos Verdes homes for sale. 60 Palos Verdes houses are in escrow (27 homes have pending sales and 33 homes are active under contract). Additionally, 11 homes have sold/closed escrow in the first 9 days of January at an average sales price of $2,232,595.
To read November’s report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.