Palos Verdes Real Estate Market Update for April 18th,2011

As of today:
There are 230 homes for sale in all of the Palos Verdes Area.

They homes start at $699,000 and range up to $12,800,000.

The average asking price for a home on the Peninsula is currently: $2,347,049

The average days on market is 105 days

There are 100 homes currently in escrow(this means under contract either pending or contingent)

Of these 100 homes in escrow the average list price is $1,481,026. The average market time is 105 days.

The average price for the in escrow homes is: $1,481,026.

Since the first of the year 126 homes has sold on the Peninsula.

The average market time for sold listings is 98 days on market

The average sold price is $1,544,284 up from last weeks sold average up $1,492,724