Palos Verdes Peninsula 3rd Quarter 2018 single family real estate market report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of homes listed for sale on the Palos Verdes Peninsula of 226 homes is 20% higher than last year and the number of homes sold during the last three months is 19% lower compared to the prior year, resulting in unsold inventory of 4 months supply. Prices per square foot are up approx. 5% 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 houses taking 1 to 2 months to sell.The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of September of 226 properties is 20% higher than at the same time last year, and the average number of homes sold per month of 56 over the last 3 months is 19% lower than the comparable period last ye...