Palos Verdes Real Estate Palos Verdes Drive South Update

2011 Palos Verdes homes sales for the Palos Verdes Drive South neighborhood of Rancho Palos Verdes increased to 32 single family homes sold in 2011 from 21 sold in 2010.  Price per square foot for Palos Verdes Drive South houses that sold in 2011 increased to $482 compared to $462 in 2010. Average sales price for Palos Verdes Drive South homes sold in 2011 was $1,401,766 compared to $1,329,190  – a 5% increase.

Currently as of 5/06/2012, Palos Verdes Drive South has 35 active Palos Verdes homes for sale.  They range from 17 condo/town homes priced from $489,000 for a 2 bedroom, 2 bath, 1,433 square foot unit, to $2,696,000 for a 3 bedroom, four bath, 2,808 square foot unit.  There are 19 single family homes ranging from $$825,000 for a  3 bedroom, 2 bath, 1,500 square foot home, to $10,000,000 for a six bedroom, 8 bath, 7,669 square foot home.

For background and history on Palos Verdes Drive South Multiple Listing Service #169, please click here to read my prior article on this neighborhood.

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

Photo courtesy of Terranea Resort