Cheviot Hills - Rancho Park Real Estate Market Update Aug - Oct 2015
By Steven Teoh, Los Angeles South Bay, Palos Verdes
(West Shores Realty)
CHEVIOT HILLS - RANCHO PARK October 2015 Market Over ViewIn Cheviot Hills & Rancho Park there were 2 single family home sales in October 2015, down from 7 in October 2014 and a 78% decrease from the 9 sales closed last month. The average list price for single family home sales in October 2015 was $1,824,000 almost matching $1,825,429 for October 2014. For the three-month period from August to October 2015, the average list price was 19% higher than the same period of the prior year. Average sales price for October 2015 was $1,900,000, compared to that of August through October 2015, which was $2,061,284. These results indicate that the sale price is trending down. Comparing October 2015 to September 2015, Cheviot Hills - Rancho Park saw a 14% decrease in average sale price, but a 3% inc...
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