The month of June may be full of "June gloom" due to a lingering marine layer most mornings, but the sun is shining on the luxury home market on the Palos Verdes Peninsula. 15 Single family Palos Verdes homes with price tags exceeding $2,000,000 sold during June 2012.
Palos Verdes Estates topped the list with 9 luxury sales. Rancho Palos Verdes recorded 4 luxury home sales and Rolling Hills Estates completed the list with 2 sales. Rolling Hills reported no sales over $2,000,000 per the Multiple Listing Service. Rancho Palos Verdes posted the most expensive sale at $5,500,000.
It appears the luxury housing heat-up will continue in July. There are currently 17 Palos Verdes luxury home sales pending.
If you are considering purchasing or listing a Palos Verdes luxury home the summer of 2012 may go down in housing history as the season the sizzle returned to the Palos Verdes housing market. Don't worry you haven't missed the market. There are currently 66 Palos Verdes luxury homes priced over $2,000,000 for sale.
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Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.