Palos Verdes real estate sales April 2025 for Palos Verdes homes increased compared March. 49 Palos Verdes houses sold in April compared to 41 homes in March and decreased compared to the 50 homes that sold in April 2024. There were 56 Palos Verdes single family homes pending in April which increased from the 48 homes pending in March. The number of active Palos Verdes homes for sale in April (204) increased from the 161 homes for sale in March.
Average sales price for Palos Verdes homes sold in April decreased to $2,185,000 compared to $2,318,000 in March and decreased from April 2024 at $2,657,000. Price per square foot for Palos Verdes houses that sold/closed escrow in April increased to $887 from $868 in March. Average days on market in April was 36 days which decreased from 44 days in March. Months of inventory (months it would take to sell existing inventory at the current rate of sale) was 4.2 months in April which increased from the 3.9 months in March for Palos Verdes homes for sale. A “normal” or balanced market is considered 3 to 6 months of inventory (less than 3 months is a seller’s market and more than 6 months is a buyer’s market). Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 199 single family Palos Verdes homes for sale. 71 Palos Verdes houses are in escrow (39 homes have pending sales and 32 homes are active under contract). Additionally, 13 homes have sold/closed escrow in the first 9 days of May.
To read my March report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.
