Palos Verdes Market Update – May 26th - June 1st

What happened on the Peninsula last week?

May 26th - June 1st

Our market’s familiar ups and downs appear to be continuing. Last week brought meaningful activity across all categories, with a healthy number of new listings, pending sales, and closed escrows. That said, the upper end of the market is still moving at a slower pace. As we have seen many times before, conditions at the high end can shift quickly, often with little warning.

High Sale

19 Sunnyfield Drive, Rolling Hills Estates | $3,625,000

4 Bedrooms | 5 Bathrooms | 3,672 Square Feet

Low Sale

32700 Coastsite Drive #102, Rancho Palos Verdes | $750,000

2 Bedrooms | 2 Bathrooms | 1,506 Square Feet

House of the Week

1 Yellow Brick Road, Rancho Palos Verdes

Offered for $2,245,000

This week’s House of the Week is a Rancho Palos Verdes home located across the street from the Palos Verdes Golf Club. With nearly 4,000 square feet of living space on an impressive 20,000 square foot lot, the property offers substantial scale and potential. The asking price of $2,245,000 reflects the need for significant updating throughout. My guess is that we may see this one back on the market in the future after it has been remodeled.