3rd Quarter Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 207 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the third quarter of 2017.  The sales prices ranged from $615,000 to $9,250,000.  The average sales price was $1,695,038 after an average of 41 days on the market.

There were 55 closed sales of condominiums and townhouses.  The sales prices ranged from $265,000 to $2,800,000.  The average sales price was $785,544 after an average of 37 days on the market.

Please contact me if you have any questions and for a complimentary market evaluation of your home:

310-703-1931

katie@katiemuck.com

FIRST HALF CLOSED SALES IN PALOS VERDES

According to the Multiple Listing Service, there were 347 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the first half of 2017.  The sales prices ranged from $640,000 to $13,840,000.  The average sales price was $1,761,487 after an average of 48 days on the market.

There were 91 closed sales of condominiums and townhouses.  The sales prices ranged from $240,000 to $1,310,000.  The average sales price was $678,865 after an average of 47 days on the market.

A Brief Suggestion for Those Looking at Houses to Buy

When I show homes to potential buyers, I notice that I am always looking up toward the ceiling in the rooms. I often notice evidence of leaks. It dawned on me that when buyers are viewing homes, if they are couples, one should be looking up, as I do, but the other should be looking down. That way, any potential problems with the property should be detected.

Interesting 90275 ZIP Code Facts

The 90275 zip code is the City of Rancho Palos Verdes.  There are 15,633 households of which 76% are owner occupied; 66% are married; 39% have children.   The median home sales price is $845,000.  The median age of the inhabitants of this zip code is 32.37 years; 33% have bachelor degrees and 23% have graduate degrees.  82% are white collar workers, mostly in service industries and most commute by car thirty-one minutes to their places of work.

This information was obtained from the Realist tax portion of our Multiple Listing Service and though believed to be accurate, is not guaranteed.