Palos Verdes Market Data Report 2nd Quarter 2018
The Palos Verdes Market Data Report for the 2nd quarter of 2018 shows a total of 340 homes closed escrow, compared to 350 homes that sold in the first six months of 2017. The average price for Palos Verdes homes sold in these six months was $1,858,726 compared to $1,771,431 in 2017, which is a 4.9% increase. The average price per square foot during these first six months was $656 compared to $634 in 2017, which is a 3.5% increase.
The neighborhood listing area that sold the most homes during these first six months was Lunada Bay/Margate with a total of 39. Coming in second was Palos Verdes Drive East with 35 closed sales, and Palos Verdes Drive North had 32 closed sales.
Currently, Palos Verdes has 243 homes for sale. There are 213 single family homes for sale starting at $695,000 for a 4 bedroom/2 bath, 1,746 square foot home, to $40,000,000 for a 9 bedroom/26 bath, 51,000 square foot home. There are 30 condo/townhomes for sale starting at $350,000 for a single/1 bath, 431 square foot unit, to $1,995,000 for a 2 bedroom/3 bath, 1,940 square foot condo/townhome.
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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.