Palos Verdes 3rd quarter 2018 Condo and Townhome Real Estate Market Report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of condos and townhomes listed for sale on the Palos Verdes Peninsula at the end of September is the same as at this time last year but the number of homes sold during the last three months is down 19% compared to the prior year, but still resulting in unsold inventory of 2 months supply. Prices of $469 per square foot are down approx. 6% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. The market has also been very active with condos and townhomes taking only approx. 1 month to sell.The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 28 units at the end of September is the same as compared to this time a year ago. The average number of sales per month over the last 3 mont...
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