There are four cities on the Palos Verdes Peninsula: Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates and Rolling Hills. Rancho Palos Verdes is the largest by territory and population. Although all four cities share the same school district, they each have a distinct feel and flavor. Housing options include everything from panoramic ocean view cottages to equestrian estates.
“How’s the market?” is a question I’m asked frequently. Let’s let last month’s (June 2012) sales answer the question.
Palos Verdes Estates:
26 Single family homes sold with the least expensive sale being $768,000 (on PVDN in Valmonte) and the most expensive home selling for $5,225,000 (located on Paseo Del Mar in Lunada Bay).
Nine of the 26 sales topped the $2,000,000 price tag. Palos Verdes Estates posted only two sales below $1,000,000.
Rancho Palos Verdes:
30 Single family homes sold with the least expensive sale coming in at $630,000 (short sale on Via De Anzar in PVDE neighborhood). The most expensive sale posted a sale price of $5,500,000 and was located on Marguerite Dr. in the PVDW neighborhood.
14 Rancho Palos Verdes homes sold for less than $1,000,000 and 4 homes sold for more than $2,000,000.
The City of Rolling Hills recorded one sale, per MLS records, during June 2012. The property located at 2 Ringbit Road East sold for $1,500,000.
Rolling Hills Estates:
14 Single family homes sold with the least expensive posting at $900,000 and located on Rolling Hills Meadows. $3,999,000 was the top price paid for a Rolling Hills Estates home in June. The new construction home was located on Pleasant Hill.
3 Homes RHE homes sold for under $1,000,000 and two homes topped the $2,000,000 mark.
An unincorporated area of Palos Verdes is referred to as Palos Verdes Peninsula and posted one sale in June on Rousseau Lane for $1,425,000.
There are currently 181 Single Family Homes for Sale on the Palos Verdes Peninsula. With over 70 sales in June, it is obvious our inventory is dwindling and new listings are needed to meet the needs of buyers anxious to move to the area. If you are considering selling a Palos Verdes property now is an excellent time to market it: Demand is high and supply is low.
Norma Toering (310) 493-8333
Most recent luxury homes listed for sale in Palos Verdes:
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