Easter has come and gone, spring is here, and the sales numbers are in for March!
Rancho Palos Verdes had a great month!
Single Family Resident houses increased across the board with the exception of average price, which dropped significantly due to a few sub-million dollar sales Eastview; one of which was a major fixer which sold for $770k. Another thing to note is that February had no sales in Eastview, causing the average sale price to become somewhat inflated.
Condos/Townhouses sales doubled in units sold and more than doubled in volume, raising the average price per unit to over $840k. Days on market also improved, down to 40 days compared to 59 in February.
Eastview specifically had 6 sales total: 5 homes averaging just over $900k and 39 days on the market. There was also one condo that sold for $490k. This is a major improvement over February, as there were no sales. However, we expect these numbers to increase as we head into summer.
Thinking of selling? Check out or Home Selling Basics series to get the most out of your improvements before going to market!
Although interest rates have settled in the 6% range for much of the new year, housing inventory remains low, but prices have started to decline.
The San Pedro housing market for February 2023 saw significant changes to the average sale price of homes, indicating that rates may be putting pressure
The San Pedro housing market started 2023 strong, similar to the fourth quarter of 2022. Interest rates decreased slightly, helping raise the average sale price
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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