Sales of Single Family Homes and Condominiums/Townhouses in Palos Verdes since January 1, 2021

According to the Multiple Listing Service, there were 781 closed sales of single family homes in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula from 1/1/2021-11/19/2021. The sales prices ranged from $745,000 to $16,680,000. The average sales price was $2,475, 896 after an average of 25 days on the market. There were 178 closed sales of condominiums and townhouses, with sales prices ranging from $350,000 to $1,889,000. The average sales price was after an average of 30 days on the market.

2020 Sales in Palos Verdes



According to the Multiple Listing Service, there 701 closed sales of single family homes in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula in the year 2020. The sales prices ranged from $730,000 to $10,500,000. The average sales price was $2,025,422 after an average of 44 days on the market.
There were 172 closed sales of condominiums and townhomes. The sales prices ranged from $290,000 to $2,170,000. The average sales price was $742,516 after an average of 46 days on the market.
Contact me for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuckrealestate.com


2019 Sales in Palos Verdes

According to the Multiple Listing Service, there 658 closed sales of single family homes in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the year of 2019. The sales prices ranged from $680,000 to $15,500,000. The average sales price was $1,823,204 after an average of 54 days on the market.
There were 175 closed sales of condominiums and townhomes. The sales prices ranged from $284,000 to $1,800,000. The average sales price was $702,394 after an average of 34 days on the market.
Contact me for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuckrealestate.com

2018 Sales in Palos Verdes

According to the Multiple Listing Service, there were 646 closed sales of single family homes in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the year of 2018. The sales prices ranged from $700,000 to $22,400,000 after an average of 47 days on the market. There were 154 closed sales of condominiums and townhouses. The sales prices ranged from $285,000 to $734,068 after an average of 31 days on the market.

It’s Still Location, Location, Location

When we buy a new home, we can remodel the inside, put in new landscaping and so on, but we can’t move the house to a new location. Therefore, we should try to find a home in the best location. Some of the factors in the search should be: Finding a home where the other homes are well-maintained. Finding a property that is known for having good schools. Locating a home that does not have aggravating noises and people constantly hanging out on the street corner. Avoiding a house on a busy street and trying to find one that is located near streets that lead to your place of employment with the least hassle.

When we purchase our home, the location was great. The schools were good; it was close to work; the homes in the neighborhood were well-maintained. The house itself had some problems. A real no-no was the fact that to get to one of the bedrooms, one had to walk through another bedroom. The kitchen was narrow and there was only a narrow place to put a table. We waited for a year or so after buying the house and then started our improvements. We created a hallway so that bedroom could be reached without going through the other; we built out the kitchen and created a beautiful kitchen eating area. We refinished the hardwood floors; we repainted; we upgraded the bathrooms; we built out the master bedroom and more.

My advice is to avoid looking at homes in inferior neighborhoods and also, not to avoid purchasing a home that may need improvements…as long as it’s in a good location.

Rent Control-No Pros, Only Cons

Another city in Los Angeles County is aiming to put rent control ordinances into effect and I wonder what is going through the minds of people to even consider them.  When an owner cannot rent his property for an amount that the market will bear, he may just be hesitant to improve his property or even simply maintain his property.  Therefore, before you know it, the area will become rundown and not a good place to live.  If the owner decides to sell the property, the price he will be able to get will be less than before rent control.  Rent control is theft, pure and simple.