Palos Verdes Market Data Report 1st Quarter 2018
The Palos Verdes Market Data Report for the 1st quarter of 2018 shows a total of 140 homes closed escrow, compared to 133 homes that sold in the first three months of 2017. The average price for Palos Verdes homes sold in these three months was $1,755,771 compared to $1,797,913 in 2017, which is a -2.3% decrease. The average price per square foot during these three months was $653 compared to $633 in 2017, which is a 3.2% increase.
The area that sold the most homes during this time was Palos Verdes Drive North with a total of 17. Coming in second was the Lunada Bay/Margate area with 16 closed sales, and Valmonte & Palos Verdes Drive East both had 13 sales.
Currently, the Palos Verdes has 188 homes for sale. There are 159 single family homes for sale starting at $839,000 for a 2 bedroom/2 bath, 1,080 square foot home, to $40,000,000 for a 9 bedroom/26 bath, 51,000 square foot home. There are 29 condo/townhomes for sale starting at $424,868 for a 1 bedroom/2 bath, 864 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.