Rancho Palos Verdes 4th Qtr. 2015 Real Estate Market Report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The City of Rancho Palos Verdes real estate market has been relatively strong . The number of homes listed for sale at the end of December decreased to 70 homes and is 1% higher than the same time last year. The monthly average number of properties sold during the last three months of 33 homes, is up about 9% compared to the similar period last year. There are 23 homes in escrow at the end of the quarter.There is between 2 to 3 months of inventory. The average price per sq. ft. of homes sold during the 4th quarter of $553 per sq. ft.is up approx. 14% from last year. As noted in the chart below, the amount of time to sell a home during the last quarter was 2 months . Properties are selling at an average of 94% of their list price. The average list price of home...
Comments
1