Real Estate Market Watch: Rancho Palos Verdes – February 2018

Another month down! Feels like it was just January and now we’re in March!  Here are the sales numbers for Rancho Palos Verdes (RPV) for the month of February: RPV experienced green arrows across ALL but one field for February. 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!

Who is The Prestige Team?

Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes.  We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!  

Learn more about us below!

Before After

For our Buyers:

Added Benefits When Working With Us

Contract Knowledge

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!

Expert Negotiators

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!

Team = Always Available

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!

On Every Listing:

Need Additional Assistance? We Specialize in that!

Decluttering & Emptying Properties

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

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!

Team = Always Available

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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