Seller Resources

Elaine Murphy Carlson

Phone : 310-802-2393

Elaine@ElaineCarlson.com

Website : ElaineCarlson.com

CalBRE# :00598848

Palos Verdes Homes 2020 Neighborhood Sales First Half

Palos Verdes Homes 2020 Neighborhood Sales First Half

In my article last week, I discussed the overall sales numbers for single family Palos Verdes homes sold in the first half of 2020 with the number of homes sold (259 in 2020, from 296 in 2019), a decrease in the average sales price (2.4%), and a decrease in the average price per square foot (4.7%).  There is still a high demand for Palos Verdes homes and, as inventory is low, multiple offers are common.  Below is information on specific Palos Verdes neighborhoods.  The chart above can be enlarged by clicking on it or go to the “Statistics” tab above.

The Palos Verdes Drive South area of Rancho Palos Verdes posted the largest gain in average sales price for Palos Verdes homes – $2,669,910 for the first half of 2020 compared to $1,642,692 in the first half of 2019 for a 62.5% gain, followed by Silver Spur (20.4%) and La Cresta (9.7%).  Lunada Bay/Margate, Palos Verdes Drive North, Country Club, Los Verdes, Crest, Peninsula Center, and Eastview/RPV also showed gains in average sales price the first half of 2020.  The City of Rolling Hills posted the largest decrease in average sales price – $3,196,362 in the first half of 2020 compared to $4,475,988 in 2018 (-28.6%).

Palos Verdes Drive South, Lunada Bay/Margate, La Cresta, West Palos Verdes, Peninsula Center, Country Club, Palos Verdes Drive North and Eastview/RPV posted gains in average square foot price in the first half of 2020.  Palos Verdes Drive South and Lunada Bay/Margate & La Cresta posted the largest gains in average square foot price for Palos Verdes homes sold – a 9.8% and 7.6% increase respectively.  Palos Verdes Drive South increased to $664 in 2020 from $605 the first half of 2019, Lunada Bay/Margate increased to $758 in 2020 from $704 the first half of 2019, and La Cresta increased to $598 in 2020 from $556 the first half of 2019.  Average square footage price in the City of Rolling Hills posted the largest decrease (28.8%) – $727 in 2020 compared to $1,022 the first half of 2019.

Palos Verdes Drive North posted the largest number of Palos Verdes homes sold in the first half of 2020 – 31 Palos Verdes houses.  The City of Rolling Hills posted the biggest gain in home sales – 14 homes in the first half of 2020 compared to 9 homes in 2019.  Country Club, a Cresta, Los Verdes, and Eastview/RPV also had an increase in the number of Palos Verdes homes sold the first half of 2020.

First half of 2020 information on average price for Palos Verdes homes sold as well as total valuation of Palos Verdes real estate and highest/lowest home sales can be obtained by clicking here or going to my prior post, “Palos Verdes Homes Sales 1st Half 2020 Affected By Covid-19.”

Chart courtesy of RE/MAX Estate Properties

Palos Verdes Homes Sales 1st Half 2020 Affected By Covid-19

Palos Verdes Homes Sales 1st Half 2020 Affected By Covid-19

Palos Verdes real estate statistics for the first half of 2020 were affected by Covid-19 and the quarantine.  Average sales prices decreased for the first half of 2020 which was a surprise as there has been low inventory and multiple offers are common.  The number of Palos Verdes homes sold in the first half of 2020 was lower than the first half of 2019 (259 compared to 296).  2020 first half average sales price for Palos Verdes homes decreased compared to the first half of 2019 – $1,845,727 compared to $1,892,002.  Average price per square foot for Palos Verdes homes sold in the first half of 2020 was $633 compared to $664 for the same time period in 2019.

The mix of Palos Verdes homes sales for the first half of 2020 showed fewer sales in all categories (except over $5,000,000) with 37 fewer homes overall sold in the first half of 2020.  In first half of 2019, only 17 Palos Verdes homes sold under $1,000,000 which was 6.6% of sales (compared to 24 homes – 8.2% – in first half of 2019).  In the first half of 2019, 174 Palos Verdes homes sold between $1,000,000 and $2,000,000 which was 67.2% of sales (compared to 183 homes – 62% – in first half of 2019).  In first half of 2020, 62 Palos Verdes homes sold between $2,000,000 and $5,000,000 which was 23.9% of sales (compared to 82 homes – 27.8% – first half 2019).  Finally, in the first half of 2020, 6 Palos Verdes homes sold for $5,000,000+ which was 2.3% of sales (compared to 6 homes – 2% – first half 2019).

The total valuation for all single family Palos Verdes homes sold the first six months of 2020 decreased from 2019 – $483,884,714 compared to $551,714,238 with 37 fewer homes sold in the first half of 2020.  In the first half of 2020, the highest priced home sold for $6,700,000 in Rolling Hills (first half of 2019, there was a $15,500,000 sale) and the lowest price home sold for $730,000 in Rancho Palos Verdes.  Next week, I will discuss Palos Verdes homes sales for first half 2020 for the individual Palos Verdes neighborhoods. To read my article on Palos Verdes homes sales first half 2019, click here.

Photo of Point Vicente courtesy of Arvin Design

Palos Verdes Real Estate Sales June 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales June 2020 For Palos Verdes Homes

Palos Verdes real estate sales June 2020 for Palos Verdes homes increased compared to May.  54 Palos Verdes houses sold in June compared to the 31 homes sold in May and decreased compared to the 60 homes that sold in June 2019.  There were 72 Palos Verdes single family homes pending in June which increased from the 56 homes pending in May.  The number of active Palos Verdes homes for sale in June (154) increased from the 132 homes for sale in May.

Average sales price for Palos Verdes homes sold in June decreased to $1,748,000 compared to $1,789,000 in May, and decreased from the $1,823,000 in June 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in June increased to $653 from $606 in May.  Average days on market in June was 53 days which decreased from the 63 days in May.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.5 months in June for Palos Verdes homes for sale compared to 4.3 months in May. A “normal” or balanced market is considered 3 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 142 single family Palos Verdes homes for sale.  116 Palos Verdes houses are in escrow (48 homes have pending sales and 68 homes are active under contract).  Additionally, 11 homes have sold/closed escrow in the first 10 days of June with an average sales price of $2,000,455.

To read May’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Mid June 2020 Palos Verdes Home Sales

Mid June 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 22 days of June 2020 are 37 homes which is a increase from the 26 Palos Verdes homes sold in the first 22 days of May and a decrease from the first 22 days of June 2019 (40).  (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 June 1st to June 22rd is $1,715,749 which is a decrease from last month’s average of $2,002,646 for this same time period and a decrease from $1,928,493 last June.

In June 2020 to date, the highest priced Palos Verdes homes sold for $4,200,000 and is located in the Silver Spur neighborhood of Rancho Palos Verdes and had 4 bedrooms, 6 baths, and 5,159 square feet on a 23,271 square foot lot.  This gorgeous newly constructed home features panoramic ocean/Queen’s Necklace, city/harbor views, double kitchens (one on each floor), large entertaining barbecue kitchen, a workout gym suite, and infinity pool.  The lowest priced Palos Verdes homes sold June 2020 to date for $1,200,000 and is located in the Valmonte neighborhood of Palos Verdes Estates and features 3 bedrooms, 2 baths and 1,559 square feet on a 6,679 square foot lot.

We currently have 142 active single family Palos Verdes homes for sale priced between $1,050,000 in the Palos Verdes Drive North neighborhood to $18,999,000 in the City of Rolling Hills.  To view Palos Verdes real estate statistics from March 2019 through May 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid May 2020 Palos Verdes Home Sales click here.

Photo of Lakeview Catalina Trail courtesy of Arvin Design

Palos Verdes Real Estate Sales May 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales May 2020 For Palos Verdes Homes

Palos Verdes real estate sales May 2020 for Palos Verdes homes decreased compared to April.  31 Palos Verdes houses sold in May compared to the 40 homes sold in April and decreased compared to the 65 homes that sold in May 2019.  There were 57 Palos Verdes single family homes pending in May which decreased from the 79 homes pending in April.  The number of active Palos Verdes homes for sale in May (132) decreased from the 141 homes for sale in April.

Average sales price for Palos Verdes homes sold in May decreased to $1,789,000 compared to $1,993,000 in April, and decreased from the $1,908,000 in May 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in May is exactly the same ($606) as April.  Average days on market in May was 63 days which increased from the 37 days in April.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 4.3 months in May for Palos Verdes homes for sale compared to 2.8 months in April. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 131 single family Palos Verdes homes for sale.  79 Palos Verdes houses are in escrow (32 homes have pending sales and 47 homes are active under contract).  Additionally, 15 homes have sold/closed escrow in the first 8 days of May with an average sales price of $1,941,667.

To read April’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Mid May 2020 Palos Verdes Home Sales

Mid May 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 22 days of May 2020 are 26 homes which is a decrease from the 32 Palos Verdes homes sold in the first 22 days of April and a decrease from the first 22 days of May 2019 (46).  (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 May 22rd is $2,002,646 which is an increase from last month’s average of $1,923,985 for this same time period and an increase from $1,980,000 last May.

In May 2020 to date, the highest priced Palos Verdes homes sold for $4,100,000 and is located in the Palos Verdes Drive South neighborhood of Rancho Palos Verdes and had 5 bedrooms, 6 baths, and 6,000 square feet on a 18,118 square foot lot.  This beautiful newly constructed home features ocean/golf/Catalina views, a gourmet kitchen, glass round elevator, 21 foot cascading water wall, and zero edge pool w/40 foot water wall.  The lowest priced Palos Verdes homes sold May 2020 to date for $1,200,000 and is located in the Silver Spur neighborhood of Rancho Palos Verdes and features 3 bedrooms, 3 baths and 2,133 square feet on a 7,076 square foot lot.

We currently have 124 active single family Palos Verdes homes for sale priced between $1,130,000 in the Peninsula Center neighborhood to $18,999,000 in the City of Rolling Hills.  To view Palos Verdes real estate statistics from February 2019 through April 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid April 2020 Palos Verdes Home Sales click here.

Photo of Lakeview Catalina Trail courtesy of Arvin Design

Palos Verdes Real Estate Sales April 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales April 2020 For Palos Verdes Homes

Palos Verdes real estate sales April 2020 for Palos Verdes homes increased compared to March.  50 Palos Verdes houses sold in April compared to the 48 homes sold in March and increased compared to the 48 homes that sold in April 2019.  There were 42 Palos Verdes single family homes pending in April which is exactly the same as the 42 homes pending in March.  The number of active Palos Verdes homes for sale in April (141) was slightly higher than the 140 homes for sale in March.

Average sales price for Palos Verdes homes sold in April decreased to $1,938,000 compared to $1,983,000 in March, and increased from the $1,888,000 in April 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in April decreased to $602 from March ($655).  Average days on market in April was 38 days which decreased from the 52 days in March.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.8 months in April for Palos Verdes homes for sale compared to 2.9 months in March. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 130 single family Palos Verdes homes for sale.  62 Palos Verdes houses are in escrow (26 homes have pending sales and 36 homes are active under contract).  Additionally, 9 homes have sold/closed escrow in the first 8 days of May.

To read March’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Palos Verdes Homes Information – How to Disinfect Your Home in the Time of Coronavirus

I came across the following article that I want to share with Palos Verdes homes owners as it contains great information.

How to Disinfect Your Home in the Time of Coronavirus

By: Christina Hoffmann

Published: March 17, 2020

I came across the following article that I wanted to share with Palos Verdes homes owners as it has great information.

A bleach solution or rubbing alcohol is your best bet for keeping your home sanitized.

There’s everyday clean, guest clean, and then there’s COVID-19 clean.

To get down the absolute nitty gritty on how to disinfect your home, you’ll want your big guns: bleach, rubbing alcohol, and hot water.

The Best Disinfectants

For your high-touch surfaces, the Centers for Disease Control recommends a bleach solution diluted with water, or a 70% alcohol solution.

Follow this bleach recipe: 5 tablespoons (1/3 cup) bleach per gallon of water, or 4 teaspoons of bleach per quart of water.

Make sure to properly ventilate when disinfecting with bleach.

And check to see if your bleach has expired. Who knew it could? After about 9 months to a year, and if it smells less bleachy, it’s lost its disinfecting power. Time for a new jug.

Tip: Don’t mix bleach with anything other than water; otherwise, it could set off a dangerous chemical reaction. For instance, bleach + alcohol is a deadly combo.

How to disinfect your home if you don’t have bleach? Regular old rubbing alcohol (isopropyl alcohol or ethyl alcohol) works, so long as it’s at least 70% alcohol, according to the CDC. The alcohol concentration will be listed on the bottle. Rubbing alcohol you buy should already be diluted, unlike bleach.

Is There a Such a Thing as Too Much Disinfectant?

According to an EPA fact sheet, studies have found that using some disinfectant products can cause germs to become resistant.

The EPA has issued a list of disinfectants on the market that it believes are effective in killing COVID-19. Look for the EPA registration number on the product and check it against this list to ensure you have a match.

Erica Marie Hartman, an environmental microbiologist at Northwestern University in Evanston, Ill., whose research focuses on resistance, confirms soap, bleach, and alcohol are your best bets.

What about the various disinfecting wipes on the market (at least if you can find them)? Hartman says the active ingredient in many of those is an ammonium compound, which could become resistant to viruses over time.

Surfaces That Need Your Attention

With your preferred disinfectant, wipe down high-touch surfaces like doorknobs, light switches, tables, remotes, banisters, toilets, sinks, and faucets daily or more often, if someone in your home is sick.

Contact time is another key aspect of surface sanitizing. “Disinfection isn’t instantaneous,” says Hartman. [For a bleach solution], you want to leave it on the surface for 10 minutes before wiping it off. ”

By the way, new research from scientists at the National Institutes of Health, among other agencies, shows that at least some coronavirus can live for up to 24 hours on cardboard and up to three days on plastic and stainless steel.

But a report in “The Washington Post” notes that the most likely period for infection from the virus on surfaces is in the first 10 minutes to one or two hours.

Not All Floors Can Handle Bleach

For your nonporous floors, like those in the bathroom, the CDC recommends mopping with the bleach solution.

Avoid bleach on hardwood and other porous floors because of staining. Instead, use a disinfecting wet mop cloth without bleach.

Cleaning Isn’t Disinfecting

From the you-might-be-surprised files: Disinfecting with bleach isn’t actually cleaning. If you also need to clean your countertops of dirt and grime, do that first with soap and water. Then use the bleach solution or rubbing alcohol to combat the virus.

Killing Microbes on Clothes

Most washing machines today do a bang-up job on dirty clothes with cold water, which is best for energy savings. But, and especially if you have a sick person in your house, the hot-water setting followed by a high-heat dry for about a ½ hour to 45 minutes is best for virus eradication.

Don’t forget about your laundry hamper. Wipe it down like you would other surfaces. You can also use a reusable liner bag, which you can launder with the clothes.

What If I’m Selling My House, and Inviting More Germs In?

How to disinfect your home when it’s for sale? Virtual showings and tours are the ideal, and your agent can set those up.

However, if there’s a need to have someone come in, talk to your agent who will work with you to establish a hygienic protocol, including requiring visitors to wash hands with soap and water or use hand sanitizer when they arrive, and to remove shoes or wear booties before entering. Removing shoes not only reduces dirt coming in, but potentially germs.

In addition, many agents are eliminating open houses.

After any showings, practice your surface wipe-down routine.

Finally, when you work with disinfectants, practice some self care. “Alcohol and bleach can be very aggressive on your skin, so wearing rubber gloves can help protect your hands,” Hartman says.

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

Mid April 2020 Palos Verdes Home Sales

Mid April 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 23 days of April 2020 are 32 homes which is a decrease from the 36 Palos Verdes homes sold in the first 23 days of March and a decrease from the first 23 days of April 2019 (34).  (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 April 1st to April 23rd is $1,930,673 which is a decrease from last month’s average of $2,042,636 for this same time period and a decrease from $2,042,990 last April.

In April 2020 to date, the highest priced Palos Verdes homes sold for $3,500,000 and is located in the Lunada Bay neighborhood of Palos Verdes Estates and had 4 bedrooms, 5 baths, and 3,495 square feet on a 8,640 square foot lot.  This beautiful newly constructed home features a luxurious chef’s kitchen, fabulous master suite, vaulted ceilings, elevator, wine cellar, outdoor kitchen, and resort-like pool & spa.  The lowest priced Palos Verdes homes sold April 2020 to date for $1,125,000 and is located in the Palos Verdes Drive North neighborhood of Rolling Hills Estates and features 3 bedrooms, 2 baths and 1,661 square feet on a 23,034 square foot lot.

We currently have 143 active single family Palos Verdes homes for sale priced between $1,130,000 in the Peninsula Center neighborhood to $18,999,000 in the City of Rolling Hills.  To view Palos Verdes real estate statistics from January 2019 through March 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid March 2020 Palos Verdes Home Sales click here.

Photo of Palos Verdes mustard fields courtesy of Arvin Design

Palos Verdes Real Estate Sales March 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales March 2020 For Palos Verdes Homes

Palos Verdes real estate sales March 2020 for Palos Verdes homes increased compared to February.  47 Palos Verdes houses sold in March compared to the 37 homes sold in February and decreased compared to the 57 homes that sold in March 2019.  There were 67 Palos Verdes single family homes pending in March which increased from the 56 homes pending in February.  The number of active Palos Verdes homes for sale in March (140) was exactly the same as the 140 homes for sale in February.

Average sales price for Palos Verdes homes sold in March increased to $1,994,000 compared to $1,755,000 in February, and decreased from the $1,718,000 in March 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in March increased to $664 from February ($633).  Average days on market in March was 51 days which was exactly the same as 51 days in February.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 3 months in March for Palos Verdes homes for sale compared to 3.8 months in February. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 141 single family Palos Verdes homes for sale.  59 Palos Verdes houses are in escrow (29 homes have pending sales and 30 homes are active under contract).  Additionally, 18 homes have sold/closed escrow in the first 10 days of April with an average sales price of $1,921,919.

To read February’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.