Mar Vista - Palms Real Estate Market Update August to October 2015
By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
Real Estate Market Trend for October 2015 in Mar Vista / Palms (Los Angeles)In Palms - Mar Vista there were 33 single family home sales in October 2015, down from 36 in October 2014 and a 32% increase from the 25 sales closed last month. The average list price for single family home sales in October 2015 was $1,348,333 compared to $1,246,222 for October 2014, representing an 8% increase. For the three-month period from August to October 2015, the average list price was 16% higher than the same period of the prior year. Average sales price for October 2015 was $1,385,723, compared to that of August through October 2015, which was $1,370,685. These results indicate that the sale price is trending up. Comparing October 2015 to September 2015, Palms - Mar Vista was flat in average sale pric...
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