Sales for Palos Verdes real estate single family homes in the first 21 days of May are almost exactly the same as sales to date for this time last month (37). 36 Palos Verdes houses have been reported as sold to date since May 1, 2012. (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 May 1st to date is $1,274,569 which is down from last month’s average of $1,410,388.
In May 2012 to date, the highest priced Palos Verdes home sold for $3,350,000 in the Country Club neighborhood of Rancho Palos Verdes; this incredible 5,551 square foot 5 bedroom, 7 bath home built in 2002 has 220 degree sweeping views that include all of Catalina, the Channel Islands, Malibu and the lights of Santa Monica, a spectacular chef’s kitchen, an office/library, and 3-car garage on a 16,026 square foot lot. The lowest priced Palos Verdes home sold to date in May for $675,000 and is located in the Palos Verdes Drive East neighborhood of Rancho Palos Verdes; this home has 2,170 square feet, 5 bedrooms and 2 baths on a 23,471 square foot lot.
We currently have 187 active single family Palos Verdes homes for sale priced between $280,000 in Rancho Palos Verdes (a 663 square foot commercial office which now is on a residential zoned lot that is 1,312 square feet) and $12,950,000 in the city of Rolling Hills (the low in Eastview is $499,000). To view Palos Verdes real estate statistics from February 2011 through April 2012, click here or on the “Statistics” tab above.
Photo above is Fisherman’s Cove and Point Vicente, Rancho Palos Verdes
