Mid May 2017 Palos Verdes Home Sales
Palos Verdes real estate single family home sales in the first 22 days of May 2017 are 54 homes which is an increase from the 33 Palos Verdes homes sold in the first 22 days April and a decrease from first 22 days of May 2016 (58). (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 $1,749,816 which is a decrease from last month’s average of $1,781,851 for this same time period and an increase from $1,515,452 last May.
In May 2017 to date, the highest priced Palos Verdes home sold for $7,000,000 (pre-completion sale) and is located in the Monte Malaga neighborhood of Palos Verdes Estates and has 6 bedrooms, 11 baths and 10,820 square feet on a 30,473 square lot. This magnificent new estate features panoramic Queen’s necklace ocean/coastline views, an enormous wine cellar, massage/spa area, versatile sports court and many more amenities. The lowest priced Palos Verdes home sold to date in May for $730,000 and is located in the Portuguese Bend neighborhood of Rancho Palos Verdes; this home has 2 bedrooms, 3 baths and 1,590 square feet on a 32,181 square foot lot.
We currently have 209 active single family Palos Verdes homes for sale priced between $849,000 in Rancho Palos Verdes and $48,000,000 in the city of Rolling Hills. To view Palos Verdes real estate statistics from February 2017 through April 2017, click here or on the “Statistics” tab above.
To read my prior article on Mid April 2017 Palos Verdes Home Sales click here.
Photo of the Hills of Palos Verdes courtesy of Arvin Design
