Last week, 12 Palos Verdes homes closed escrow. There were three neighborhoods where 2 Palos Verdes houses sold – Rolling Hills, Lunada Bay and Country Club. The number of sales surprised me as I thought it was low as the average weekly rate of sale for the past 8 weeks has been 15 homes sold. The average sales price this last week for those homes sold was $1,556,250 which is up from April’s average sales price of $1,397,000. I will post complete Palos Verdes real estate statistics for the month of May next week (as it can take up to one week for all the sales to be included)
Photo above is in the City of Rolling Hills
