Buyers Pay More in Palos Verdes Estates Vs RPV

BUYERS PAY 42.27% MORE IN PALOS VERDES ESTATES VS. RANCHO PALOS VERDES

Based on the median sales price for single-family homes in August 2018, buyers in Palos Verdes Estates pay 42.27% more than their Rancho Palos Verdes counterparts. (Keep in mind, this will vary depending on which specific neighborhood you are comparing.) However, the price gap may be narrowing. In the same August period in 2015, the median price premium in PVE over RPV was 63.50%, in 2016 it was 55.01%, and 2017 it was 54.81%. Therefore, the premium gap has been reduced by 21.23% since 2015. Interesting development.

 

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Written by Warren Dow
Founder and CEO of Micro Market Media, LCC. Publisher of South Bay Digs and Westside Digs.
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