PALOS VERDES HOME VALUES STRONG IN 2018!
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate was strong in 2018 with increases in average sales price, median sales price, and price per square foot! Median sales price in 2018 increased 7.2%. 2018 average sales price for Palos Verdes homes was $1,838,339 compared to $1,744,363 in 2017 – an increase of 5.4%. Average price per square foot for Palos Verdes homes sold in 2018 was $654 compared to $631 in 2018 – an increase of 3.6%. There were 52 less single family Palos Verdes homes sold in 2018 – 640 single family Palos Verdes homes sold in 2018 compared to 692 homes in 2017 – there has been a lack of inventory of Palos Verdes homes for the past few years. The mix of Palos Verdes homes sales for 2018 again showed less sales under $1,000,000. In 2018, 58 Palos Verdes homes sold for under $1,000,000 (co...