Tuesday, January 7, 2014

Palos Verdes Luxury Home Sales - Jan 2013

The Palos Verdes Peninsula ushered in 2014 with only 97 single family homes for sale. 46 of those listings are homes priced over $2,000,000. These numbers make it clear the four cities on the Palos Verdes Peninsula offer an abundant supply of high-end homes along the Southern California coast.

10 Palos Verdes luxury homes sold during December 2013:
  • Palos Verdes Estates: 6 homes priced over $2,000,000 closed escrow.
  • Rancho Palos Verdes: 3 luxury sales were recorded.
  • Rolling Hills: 1 sale over $2,000,000 was reported to the MLS.
  • Rolling Hills Estates: No luxury sales were recorded during December 2013.  
  • There are currently 11 Palos Verdes luxury homes in escrow with accepted offers.
The most expensive home sale recorded during December was a Rocky Point home in Palos Verdes Estates with a sale price of $4,150,000. For more information on Palos Verdes luxury homes or to arrange to tour homes of your choice contact Norma Toering & Team.

Palos Verdes Luxury Homes: $2M to $4.99M

Palos Verdes Luxury Homes: $5M+

Palos Verdes Luxury Leases

One of our clients is looking for a single family home to rent after selling his current property.   While looking for his criteria, we prepared this summary of the luxury PV lease market.

Homes for Lease for $5,000 or more in Palos Verdes by city:
  • Palos Verdes Estates: 3
  • Rolling Hills: 1
  • Rolling Hills Estates: 1
  • Palos Verdes Peninsula: 1
  • Rancho Palos Verdes: 11
The most expensive rental on the market is an 18,000 sq.ft. estate in the Monte Malaga area of Palos Verdes Estates.  It includes 7 bedrooms, 9 bathrooms, a regulation size tennis court, 2 bowling alleys, pool, 5 car garage and amazing Pacific coastline views.   This showpiece home is available at $30,000 per month.
The average asking price for luxury PV leases is $1.92 per square foot.  Though amenities, view, location and condition will greatly affect the rental rates.

If you are in the market to lease a home in Palos Verdes, please feel free to give us a call or drop us an email.

- Josh & Norma Toering
(310) 525-9440

Palos Verdes Luxury Leases: