Market Update
Palos Verdes Peninsula
2020
mid year
YEAR HOMES LOWEST HIGHEST AVERAGE AVERAGE
SOLD SALE PRICE SALE PRICE SALE PRICE days on market
2011
272 $537,000 $9,150,000 $1,510,226 109
2012
313 $515,000 $7,000,000 $1,407,662 101
2013
356 $525,000 $5,000,000 $1,452,182 79
2014
285 $350,000 $6,650,000 $1,702,052 75
2015
350 $357,000 $15,550,000 $1,794,390 78
2016
352 $610,000 $11,950,000 $1,790,616 70
2017
354 $628,000 $13,840,000 $1,823,533 50
2018
343 $700,000 $9,250,000 $1,926,109 50
2019
284 $680,000 $15,500,000 $2,013,458 55
2020 262 $730,000 $6,700,000 $1,935,708 54
Initially coming into 2020 there was a reasonable amount of concerns and
whispers about a slowing real estate market due to current political issues,
possible rise of interest rates and 8 years of steady appreciation in real estate
values. Then COVID 19 and the Pandemic hit followed by unrest around the
world. I have been asked on multiple occasions " What is happening to the local
real estate market." As of June 2020, sold homes have matched 2019's activity, 85
homes went into escrow in the past 75 days, interest rates are historically low
and the buyer demand for homes on the Palos Verdes Peninsula is extremely
strong. While the strategies & process of selling homes has changed in the
past 90 days the market continues great growth.
Steve & Ceci Watts
Palos Verdes Peninsula
Single Family Home Statistics
from the first half of the past 10 years
www.WattsRealEstate.com 310.874.8775
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