PALMS - MAR VISTA STATS

Mar 24

Total Homes Sold In Palms - Mar Vista 2017 to 2020

THREE & FOR BEDROOM HOMES ARE POPULAR IN PALMS - MAR VISTA!

17% fewer homes sold in 2020 compared to 2017
Between 2017 & 2020, approximately 42% of the homes sold were 3 bedrooms and 29% were 4 bedrooms. Which makes the 3 & 4 bedrooms the most popular homes in Pams - Mar Vista (over 70% of the sales)
2 bedrooms and 5 bedrooms represented 28% of total sales in 2020.

Data based on the MLS (Multiple Listing Service)

While the number of 3 & 4 bedroom homes sold went down since 2017, the value in $ went up 16%

2020 IN NUMBERS - AVERAGE SOLD PRICE

2 BEDROOM HOMES: $1.3M ->+13% SINCE 2017
3 BEDROOM HOMES: $1.65M ->+18% SINCE 2017
4 BEDROOM HOMES: $2.2M->+14% SINCE 2017
5 BEDROOM HOMES: $2.95M->+27% SINCE 2017
(Data based on the MLS - Multiple Listing Service)

The value of 5 bedroom homes seems to have increased over $600k since 2017. While the value of 3 and 4 bedroom homes increased over $250k since 2017.

The average price per sf for 3 bedroom homes in 2020 was $1024. Thus an increase of a 15% increase since 2017
The MOST EXPENSIVE home sold in 2020 was a 4 bedroom | 5 Bath | 3500 sf build | 5756 sf lot on Appleton way and it sold for $3,110,000
The MOST EXPENSIVE 3 bedroom home sold in 2020 was 2629 sf build with a lot of 6756 sf on Rosewood ave and it sold for $3,000,000
The Average Days On The Market in 2020 was 23 days (all properties included) compare to 40 days in 2017