The Palos Verdes real estate market is starting to hit its stride; total year-to-date volume is up $58,831,607, there have been 41 more closed sales, average sales price is up and average days on market is down 28 days from same period last year. On the COVER this issue is a lush Mission Style Spanish Revival estate on a wonderfully quiet street in Palos Verdes Estates. This fabulous home features an amazing outdoor space on spacious 40,000+ sq ft lot situated across from Parkland, and luxurious architectural details throughout.
It’s no secret, the South Bay real estate market is heating up and one beach city in particular, Manhattan Beach. Looking at closed sales for Single Family Residences in Manhattan Beach (March 1 – April 1, 2013,) a total of 32 homes sold at an average $52,350 over listing price at an average of 40 days on market. Several homes in the area have sold for multiple six figures over asking price with multiple offers. Where does it go from here?