There were 33 home sales in Palos Verdes Estates during the first quarter of 2013, compared to 38 sales during the first quarter of 2012.
The median sales price in 2013 was $1,750,000 compared to $1,300,000 in the first quarter of 2012.
The average market time was 112 days compared to 133 days in 2012.
The inventory of homes for sale is down 50% since last year. The lack of competing homes on the market; the increase of the median price; the decrease of days-on-market make this an ideal time to sell your home in Palos Verdes Estates. Contact me for a complimentary market evaluation of your property. If you are a buyer, do not hesitate; I believe home prices will continue to rise this year. Contact me for an appointment to see some of the outstanding homes in Palos Verdes.
