Palos Verdes January Neighborhood Closed Sales
Palos Verdes closed sales for the month of January were 41 a 5.1% change from 2017. This number represents all 17 neighborhoods on the peninsula. Lunada Bay/Margate & Palos Verdes Drive East both showed the highest number of closed sales for the month (5). Last years January sales 2017, showed 6 for Lunada Bay and 3 for Palos Verdes Drive East.
The average sale price for January sales was $1,734,679 which was down from 2017 by -4.5%. The average square foot home was 2,733. The highest priced home that sold in January was $5,000,000 and the lowest home price sold was $700,000. The average square foot price for January sales was $509 compared to $493 in 2017. The medium sales price for January 2018 was $1,450,000, and $1,531,000 for Jauary 2017.
Currently, there are 144 homes for sale here on the Peninsula. They are priced from $849,000 for a 2 bedroom/2 bath, 1,543 square foot home in Eastview/RPV, to $40,000,000 for a 9 bedrooms/25 bath, 51,000 square foot home in Rolling Hills. There are 19 condo/townhomes for sale from $369,900 for a 1 bedroom/1 bath, 659 square foot condo in Rancho Palos Verdes, to $1,995,000 for a 2 bedroom/3 bath, 1,940 square foot condo in Rancho Palos Verdes.
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If you have any questions about the Palos Verdes real estate market, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.