San Pedro real estate experienced a sharp increase in number of units sold for the month of May 2018. The month of May saw 57 successful transactions compared to 41 in April.
Single family home sales nearly doubled, going from 26 in April to 48 in May. Average price did experience a slight decrease, but days on market stayed the same at 17.
Condominiums and Townhouses sales in San Pedro dipped slightly this month, down to 9 total transactions compared to 15 for the month of April. Average price also dipped to $428k compared to $444k in April. Interestingly enough, the average days on market dropped significantly to just 14 days compared to 37 days for April. This is a possible indication that first time home buyers and that market still has very strong demand. Expect the average price of condos and townhouses in San Pedro to rebound next month.
With all the projects going on in town, including the San Pedro Public Market, San Pedro Public Market Promenade and Town Square, Harbor Blvd Roadway Improvement, and AltaSea at the Port of Los Angeles, we are expecting prices to continue on their current upward trend. 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!
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!
As we enter October, the temperatures are (Hopefully) falling and the days are getting shorter, bringing with them all the wonderful family-friendly October events we
The Rancho Palos Verdes real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 33 closed sales, with median
The San Pedro real estate market in September 2026 showed strengthening conditions compared with August 2026. Single-family activity recorded 17 closed sales, with median pricing