Yesterday I published an article with a breakdown of Palos Verdes single family home prices. Of the approximately 200 single family homes currently for sale in Palos Verdes nearly half are priced above $2,000,000. I remarked several months ago I believed the median home price on the Palos Verdes Peninsula would soon be $2,000,000. We’re almost there.
A few months ago I revised my definition of luxury listings and sales to include homes priced at or above $3,000,000. Of course there are homes with luxury amenities listed and sold below that price point, and the word luxury means different things to different people. In my opinion, it is a luxury to live in this coastal location. However, some things are too subjective to place a value on their worth.
Based on the rising values of Palos Verdes properties more people are willing to pay for the privilege of living the Palos Verdes coastal lifestyle. Here’s an update on Palos Verdes luxury listings and sales for the month of August 2015:
7 Palos Verdes luxury homes priced at or above $3,000,000 sold during August 2015.
13 Palos Verdes luxury properties priced at or above $3,000,000 are currently in escrow with accepted offers as of September 15, 2015.
46 Palos Verdes luxury homes are listed for sale at or above $3,000,000.
Here’s a breakdown of Palos Verdes Peninsula luxury listings ($3,000,000+) by location:
Palos Verdes Estates currently has 15 luxury homes listed for sale.
Rolling Hills currently has 16 luxury homes listed for sale.
Rancho Palos Verdes has 14 luxury listings for sale.
Rolling Hills Estates has 1 luxury listing for sale.
For more information about selling or purchasing a luxury home on the Palos Verdes Peninsula contact Charlemagne Int’l Properties at 310.493.8333 or email Norma at firstname.lastname@example.org. Josh may be reached at 310.525.9440 or ToeringandTeam@gmail.com.