Real Estate Market Watch: San Pedro – December 2017

Happy New Year! And what a year it’s been! More on 2017 later. For now, lets take a look at what happened in December: San Pedro closed the year in strong fashion. Although single family homes sales volume decreased by one unit, from 25 to 24, average price stayed relatively the same, dropping from $673k in November to nearly $668k in December.   Condominiums and Townhouse sales saw a significant increase in units sold, up to 22 from 15 in November. Volume sold increased by 30%, up from $6.3 million in November to over $9.4 million for December. Average price continues to bounce back after a sharp drop off from October ($450k) to November ($421k). December posted an impressive average condo/townhouse sale price of $428,000, which is the second highest average monthly sale price for condos/townhouses for all of 2017.   Stay tuned for our market review of 2017, coming in mid January!      

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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