Sales for Palos Verdes real estate single family homes in the first 21 days of February is less than the first 21 days of last month (30) but exactly the same the first 21 days of February 2012 (25). 25 Palos Verdes houses have been reported as sold to date since February 1, 2013. (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 February 1st to date is $1,336,613 which is up from last month’s average of $1,165,752 for this same time period.
In February 2013 to date, the highest priced Palos Verdes home sold for $3,700,000 in the Malaga Cove neighborhood of Palos Verdes Estates; this dramatic contemporary home has 5,930 square feet, 5 bedrooms and 6 baths. It is located across from the ocean bluff and features panoramic ocean/Queen’s necklace views, a gourmet kitchen, a large master with sauna and a center courtyard on a 48,993 square foot lot. The lowest priced Palos Verdes home sold to date in February for $764,300 and is located in the Silver Spur neighborhood of Rancho Palos Verdes; this home has 1,194 square feet, 2 bedrooms and 2 baths on a 7,121 square foot lot.
We currently have 112 active single family Palos Verdes homes for sale priced between $795,000 in Rancho Palos Verdes and $15,900,000 also in Rancho Palos Verdes (the low in Eastview is $519,000). To view Palos Verdes real estate statistics from November 2011 through January 2013, click here or on the “Statistics” tab above.
Photo above of Bluff Cove is courtesy of Arvin Design
