Single Family Residences (SFR) increased by 4 units, up to 25, and volume sold jumped to $41,560,999 from $30,867,075 in January. Average price also increased significantly to $1,662,440. Days on market, which was 68 for the month of January, dropped to just 39 days.
Condos and Townhomes saw a sales increase of 2 units, up to 5 for February compared to just 3 in January. You’ll notice that average price took a big tumble, down to $720,600 for February compared to $931,333 in January. It is important to note that January had two million-dollar-plus condo/townhouses that sold and skewed the average. Same goes for the days on market, which dropped to 59 days from 82, since those units were on the market for 100+ days.
Overall, the market is beginning to rev up! 
The San Pedro housing market for April 2023 saw a decrease in the average sale price for homes, with inventory and interest rates falling slightly.
The Rancho Palos Verdes real estate market for April 2023 continues to experience an increase in the average sale price of homes, indicating that inventory
Despite the higher interest rates buyers face in today’s market, home prices seem to be on the rise again because there simply are not enough
The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!
As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!
Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!
The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!
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