Palos Verdes real estate in 2019 experienced small increases in the number of homes sold and price per square foot.   There were 6 additional single family Palos Verdes homes sold in 2019 – 660 single family Palos Verdes homes sold in 2019 compared to 654 homes in 2018.  Average price per square foot for Palos Verdes homes sold in 2019 was $654 compared to $653 in 2018 – an increase of 0.3%.  2019 average sales price for Palos Verdes homes was $1,805,367 compared to $1,829,758 in 2018 – a decrease of 1.3%.

The mix of Palos Verdes homes sales for 2019 again showed less sales under $1,000,000.  In 2019, 59 Palos Verdes homes sold for under $1,000,000 (compared to 61 homes in 2018).  In 2019, 426 Palos Verdes homes sold between $1,000,000 and $2,000,000 (compared to 432 homes in 2018).  In 2019, 164 Palos Verdes homes sold between $2,000,000 and $5,000,000 (compared to 147 homes in 2018).  Finally, in 2019, 11 Palos Verdes homes sold for $5,000,000 or more (compared to 14 homes in 2018).  The most expensive home sold in 2019 for $15,500,000 compared to $22,400,000 in 2018.

Next week, I will discuss 2019 sales by neighborhood for all of the Palos Verdes Peninsula.

To read my article on Palos Verdes homes sales in 2018, click here.

Photo of a Palos Verdes beach courtesy of Arvin Design