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PALOS VERDES PENINSULA FIRST QUARTER 2012 CITY AND NEIGHBORHOOD REAL ESTATE MARKET REPORTS
The following market reports include summary reports for the four cities on the Palos Verdes Peninsula as well as individual neighborhood reports for each of the multiple listing service neighborhoods included in the map below:
Palos Verdes City Market Reports:
The number of homes listed for sale in the City of Palos Verdes Estates dropped significantly at the end of 2011, and remains very low. with only 54 homes listed for sale at the end of the first quarter, which is 33% lower than the end of the 1st quarter a year ago. The average number of homes sold per month during this same period has also been very steady, averaging 12 sales per month. This equates to about 4 months of inventory.The number of homes in escrow at the end of the quarter took a large jump to 16 homes.
The average price per square foot over the last 3 months has been $528 per sq. ft., a decrease of 1% over the comparable period last year. The overall market appears to have stabilized. This market has not been nearly as impacted by the foreclosure sales which have severely affected inland markets.
The average days on market for homes sold during the 1st quarter 2012 was over 4 months. This large increase also indicates that many of the homes that have been on the market for awhile are now selling due to the low level of inventory. The percentage of list price for homes sold has also been consistent at 90%.
With the current record low interest rates and the stabilized market, now is an excellent time to purchase a home in Palos Verdes Estates.
The real estate market in the City of Rancho Palos Verdes appeares to be stabilizing .Inventory is down to only 89 homes listed for sale as of the end of the 1st quarter, a 27% decrease from the comparable time last year. The monthly average number of properties sold during the last three months of 20 homes sold compared to the similar period last year has also gone up about 5%. The number of homes in escrow also increased substantially at the end of the quarter with 45 homes in escrow. The number of months inventory, based upon the average monthly sales over the last 3 months ,has also decreased to approx. 3 months of inventory
Although average price per square foot was fairly consistent from March through October 2011, it decreased substantially in November but recovered nicely in December. The average price per sq. ft. of homes sold during the last quarter is down approx. 5% from last year.
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As noted in the chart below, the amount of time to sell a home has increased substantially over the last several months increasing almost 74% compared to this comparable quarter last year. Properties are selling at an average of 93% of their list price. This is an indication that sellers are not recognizing reality in pricing their homes and continue to price their homes as to their value of a year or two ago, and thus their properties are taking much longer to sell, primarily due to the delay in the sellers lowering their price to their current market values.
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Mar. 12 |
Feb. 12 |
Curnt vs. Prev Month % Change |
Mar. 12 |
Mar. 11 |
Curnt vs. Same Month 1 Yr Ago % Change |
Jan. 12 to Mar. 12 |
Jan. 11 to Mar. 11 |
Curnt vs. Same Qtr 1 Yr Ago % Change |
| Days on Market |
121 |
124 |
-2.4%  |
121 |
49 |
146.9%  |
115 |
66 |
74.2% |
| Sold/Orig LP Diff. % |
93 |
93 |
0% |
93 |
97 |
-4.1% |
93 |
95 |
-2.1% |
Properties Sold: 3
Address Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days to Sell
1 Middleridge N LN $1,275,000 2 2.00 2,100 $607 1953 11556011 1/12/12 110
38 Saddleback RD $1,650,000 3 2.00 1,972 $836 1943 NP792027 2/17/12 195
4 Pine Tree $7,000,000 5 7.00 10,000 $700 2006 S11103739 1/17/12 163
Average Sales Price of homes sold during 1st quarter: $ 3.3 million
Properties for Sale as of 3/31/12: 103
Average List Price at 3/31/12: $ 5.8 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 715 per sq. ft.
Properties sold at an average of 90% of List Price
Neighborhood Market Reports:
The Lunada Bay area of Palos Verdes Estates ( area 160 in map above) had the following real estate market activity for single family residences during the 1st Quarter of 2012:
Properties Sold: 9
Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market
1812 Dalton RD $1,051,000 3 2.00 2,485 $422.94 1971 11564429 2/17/12 83
700 Via Zumaya $1,145,000 4 2.00 2,004 $571.36 1953 V11068446 3/08/12 254
1712 Via Boronada $1,655,000 4 4.00 3,016 $548.74 1969 V11147255 3/15/12 216
1632 Dalton RD $1,755,000 4 5.00 2,624 $668.83 2003 V11136437 1/27/12 96
2120 Via Estudillo $1,860,000 3 4.00 3,346 $555.89 1972 V11144800 1/12/12 62
2824 Via Neve $1,985,000 5 3.00 2,913 $681.43 1964 V11103690 1/05/12 146
1512 Paseo Del Mar $2,000,000 5 3.00 3,081 $649.14 1969 V11162521 1/10/12 0
1609 Via Barcelona $2,175,000 5 5.00 4,682 $464.55 1977 V11005738 3/05/12 394
2936 Via De La Guerra $2,729,000 6 5.00 4,831 $564.89 2009 U11001878 3/01/12 279
Average $1,817,222 4.0 3.70 3,220 $570 170
Average Sales Price of homes sold during 1st quarter: $1.8 million
Sales remained the same as the prior quarter
Properties for Sale as of 3/31/12: 25 ( equal to an approx. 8 month inventory based upon average monthly sales of 3 for the quarter)
Average List Price at 3/31/12: $2.2 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 570 per sq. ft. ( an approx. 4% increase from the comparable period last year )
Properties sold at an average of 91% of List Price
The Monte Malaga area of Palos Verdes Estates ( area 162 in map above) had the following real estate market activity for single family residences during the 1st Quarter of 2012:
Properties Sold: 7
Address Sales Price BR BA Sq.ft. $/Sq.ft. Yr Blt MLS # Date of Closing Days on Market
1025 Granvia Altamira $825,000 3 2.00 1,677 $491.95 1958 S11046592 2/14/12 262
2221 Via La Brea $906,000 3 2.00 1,854 $488.67 1956 V11135697 1/06/12 50
22 Coronel Plaza $910,000 3 3.00 2,166 $420.13 1974 S10127224 2/22/12 395
1200 Via Gabriel $1,255,000 4 3.00 2,039 $615.50 2007 S12005143 2/25/12 9
1512 Via Lopez $2,100,000 5 6.00 5,492 $382.37 1987 S10071741 1/26/12 569
2204 Via Acalones $2,150,000 4 4.00 3,039 $707.47 2001 S12013336 3/16/12 28
1561 Via Lopez $3,750,000 5 6.00 5,783 $648.45 2002 V12035922 3/19/12 69
Average $1,699,429 4.0 3.70 3,150 $536 197
Average Sales Price of homes sold during 1st quarter: $1.7 million
Properties for Sale as of 3/31/12: 13 ( A decrease of 35% from last year ,equal to a 6 month inventory based upon the last quarters average of 2 sales per month )
Average List Price at 3/31/12: $4.2 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 536 per sq. ft. Due to the relatively low number of homes sold during the quarter, the average price per sq. ft. for homes sold is highly dependent on the size of the homes sold during the period. Smaller homes tend to sell at a higher rice per sq. ft.
Properties sold at an average of 88% of List Price
Properties Sold: 14
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr Built MLS # Date of Closing Days on Market
3616 Palos Verdes DR $765,000 3 2.00 1,739 $439.91 1947 S12018713 3/30/12 33
3220 Palos Verdes Dr N $770,000 3 3.00 2,226 $345.91 1949 V11161924 3/16/12 15
4408 Via Pavion $776,150 4 2.00 2,109 $368.02 1965 S10106853 2/03/12 466
4033 Via Pima $782,500 3 2.00 1,372 $570.34 1955 V11130290 2/07/12 112
2556 Via Anita $886,170 3 2.00 1,887 $469.62 1955 S11112611 1/20/12 \ 89
4313 Via Azalea $895,000 3 3.00 2,231 $401.17 1959 V11142435 3/14/12 141
3701 Via Cardelina $910,000 2 2.00 1,998 $455.46 1952 V11144053 2/22/12 34
2544 Via La Selva $1,165,000 5 3.00 2,688 $433.41 1969 V11123223 1/06/12 28
4025 Via Valmonte $1,200,000 4 4.00 2,425 $494.85 1953 V11153310 1/18/12 45
4464 Via Pinzon $1,300,000 5 4.00 2,652 $490.20 1955 V11075182 2/09/12 234
3616 Navajo PL $1,355,000 3 3.00 2,081 $651.13 1961 V11153488 1/27/12 60
3016 Via La Selva $1,400,000 5 4.00 3,100 $451.61 1953 V11105965 1/31/12 182
3305 Via Palomino $1,468,500 4 3.00 2,763 $531.49 1957 S11153582 2/15/12 45
2409 Via La Selva $2,250,000 5 4.00 3,683 $610.92 2001 V11107156 1/31/12 159
Average $1,137,380 4.0 2.90 2,354 $480 117
Average Sales Price of homes sold during 1st quarter:$ 1.1 million
Properties for Sale as of 3/31/12: Only 6 ( A huge decrease from the 19 properties for sale at the end of November 2011 of 15 )
Average List Price at 3/31/112: $1.4 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 480 per sq. ft. ( A decrease from the 2011 4th quarter, but approx. the same as the comparable period last year.) .
Properties sold at an average of 91% of List Price
The Malaga Cove area of Palos Verdes Estates ( area 163 in map above ) had the following real estate activity for single family residences during the 1st Quarter of 2012:
Properties Sold: 8
Address Sales Price BR BA Sq.ft. $/Sq.ft Year Built MLS # Date of Sale Days on Market
1605 Via Montemar $780,000 3 2.00 2,019 $386.33 1956 S11142434 2/28/12 116
1632 Via Arriba $950,000 3 2.00 1,637 $580.33 1956 V12012741 3/19/12 25
1645 Via Lazo $1,185,000 4 3.00 2,584 $458.59 1960 V12010324 3/07/12 15
2612 Via Campesina $1,300,000 4 3.00 2,742 $474.11 1989 V11142542 3/14/12 102
2001 Paseo Del Sol $1,575,000 5 4.00 3,620 $435.08 1957 S11110837 1/20/12 98
581 Via Del Monte $2,600,000 4 4.00 3,337 $779.14 1937 V11153878 1/19/12 26
2005 Paseo Del Sol $2,950,000 4 5.00 5,129 $575.16 2000 S11085056 1/23/12 170
408 Via Almar $3,100,000 5 5.00 4,087 $758.50 2005 V11122831 2/17/12 81
Total $1,805,000 4.0 3.50 3,144 $556 79
Average Sales Price of homes sold during 1st quarter: $1.8 million
Number of Properties Listed for sale as of 3/31/20112: 6 ( Only a 2 month inventory based on the average monthly sales of 3 homes during the first quarter )
Average List Price at 3/31/2012: $2.7 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 556 per sq. ft.
 Properties sold at an average of 89% of Original List Price
The Palos Verdes Drive North area of the Palos Verdes Peninsula ( area 165 in map above ) had the following real estate market activity for single family residences during the 1st Quarter of 2012:
Properties Sold: 10
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr. Blt. MLS # Dale of Sale Days on Market
27745 Conestoga DR $655,000 3 2.00 1,472 $444.97 1956 V11073428 1/25/12 148
32 Deerhill DR $737,100 3 2.00 1,930 $381.92 1962 V11070011 2/24/12 235
40 Santa Bella RD $800,711 4 4.00 3,181 $251.72 1960 S12013331 3/23/12 53
51 Hitching Post DR $850,000 3 3.00 2,209 $384.79 1956 V11077780 2/27/12 242
10 Hitching Post DR $900,000 4 3.00 2,723 $330.52 1954 V11148177 3/16/12 1,690
27620 Eastvale RD $934,200 3 3.00 2,498 $373.98 1956 S11092696 3/28/12 9
5039 Range Horse LN $975,000 4 2.00 1,916 $508.87 1953 V11139187 3/09/12 114
4353 Cartesian CR $1,108,000 5 3.00 3,104 $356.96 1972 V11136430 3/05/12 107
3 Pleasant Hill DR $1,314,000 5 3.00 2,430 $540.74 1963 V12009133 3/14/12 6
9 Sweetgrass LN $1,475,000 4 4.00 2,673 $551.81 1959 V11104893 3/07/12 23
Average $974,901 4.0 2.90 2,414 $413 263
Properties for Sale as of 3/31/12: 15
Average List Price at 3/31/12: $1.5 million
Average Sales Price of homes sold during 1st quarter: $ 1.0 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 413 per sq. ft.
Properties sold at an average of 89% of original List Price
The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map above) had the following real estate market activity for single family residences during the 1st Quarter of 2012 :
Properties Sold: 8
Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market
4068 Miraleste DR $770,000 3 3.00 1,890 $407.41 1960 11570555 2/28/12 80
6405 Via Canada $799,000 2 2.00 1,375 $581.09 1937 V11074216 1/09/12 147
9 La Vista Verde DR $850,000 4 3.00 2,258 $376.44 1962 S11140209 3/23/12 136
4 Stirrup RD $945,000 4 4.00 2,800 $337.50 1956 V11096543 2/22/12 199
8 La Vista Verde DR $1,100,000 4 4.00 3,973 $276.87 1996 S12008060 3/16/12 359
2251 Daladier DR $1,110,000 4 4.00 3,125 $355.20 1972 V11159478 2/01/12 54
0 Rockinghorse RD $1,275,000 4 3.00 3,047 $418.44 1957 V11141370 3/12/12 123
3324 Crownview DR $2,425,000 7 7.00 6,000 $404.17 1995 V11126741 3/16/12 175
Average $1,159,250 4.0 3.80 3,059 $395 159
Average Sales Price of homes sold during 1st quarter: $ 1.2 million
Properties for Sale as of 3/31/2012: 18 ( 6 months inventory based upon the average of 3 homes sold per month during the quarter ). The number of homes in escrow as of 3/31/12 has increased substantially, however, to 10 homes.
Average List Price at 3/31/12: $ 1.3 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 395 per sq. ft.
Properties sold at an average of 93% of List Price
The Mira Catalina area of Rancho Palos Verdes ( area 168 in map below ) had the following real estate market activity for single family residences during the 1st Quarter of 2012 :
Properties Sold: 7
Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market
2777 Calle Aventura $690,000 4 2.00 1,577 $437.54 1960 V11105997 1/26/12 167
3543 Bendigo DR $780,000 4 3.00 2,346 $332.48 1968 V11146027 3/21/12 75
3134 Corinna DR $849,000 3 2.00 1,898 $447.31 1962 V11145625 2/03/12 81
3438 Seaglen DR $850,000 3 3.00 2,069 $410.83 1972 V11161154 1/27/12 12
3520 Hightide DR $895,000 3 3.00 2,069 $432.58 1972 S679142 3/30/12 136
3216 Deluna DR $1,515,000 4 3.00 3,580 $423.18 1962 V11153380 1/03/12 23
28 Paseo De Castana $1,550,000 4 5.00 4,292 $361.14 1995 V11042173 3/15/12 340
Average $1,018,429 4.0 3.00 2,547 $406 119
Average Sales Price of homes sold during 1st quarter: $1.0 million
Properties for Sale as of 3/31/12 5 ( equal to only about 2 months inventory )
Average List Price at 3/31/12 $ 2.3 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 406 per sq. ft.
Properties sold at an average of 92% of Original List Price
Properties Sold: 5
Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market
1W Pomegranate RD $560,000 2 2.00 1,958 $286.01 1953 V12002714 2/26/12 83
3508 Vigilance DR $865,000 4 3.00 2,406 $359.52 1964 V12009069 2/08/12 48
4291 Admirable DR $1,115,000 4 4.00 2,505 $445.11 1956 S11151577 3/12/12 108
5521 S Palos Verdes DR $1,255,000 2 2.00 2,210 $567.87 1952 V11098478 2/27/12 207
24 Nuvola CT $1,825,000 5 5.00 4,244 $430.02 1998 V10047275 2/06/12 644
Average $1,124,000 3.0 3.20 2,665 $418 218
Average Sales Price of homes sold during 1st quarter: $ 1.1 million
Properties for Sale as of 3/31/112 16 ( 8 months of inventory at the average number of homes sold each month in the last quarter of 2 )
Average List Price at 3/31/12: $ 2.0 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 418 per sq. ft.
Properties sold at an average of 87% of List Price
The West Palos Verdes area of Rancho Palos Verdes ( area 170 in map above ) had the following real estate market activity for single family residences during the 1st Quarter of 2012 :
Properties Sold: 2
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
70 Via Del Cielo $2,950,000 4 5.00 4,183 $705.24 2000 S11153484 3/28/12 123
33 Via Del Cielo $4,200,000 5 7.00 6,809 $616.83 2005 S11090991 1/27/12 198
Average $3,575,000 5.0 6.00 5,496 $661 161
Average Sales Price of homes sold during 1st quarter:$ 3.6 million
Properties for Sale as of 3/31/12: 7 ( 4 properties are in escrow as of the end of the quarter )
Average List Price at 3/31/12: $ 4.4 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 661 per sq. ft.
Properties sold at an average of 96% of Original List Price
Note: The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of Palos Verdes Drive tend to be more moderately priced older homes.
Properties Sold: 5
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
7107 Camino Pequeno $1,100,000 4 3.00 2,432 $452.30 1974 V12017970 3/26/12 144
7021 Crest RD $1,220,000 5 3.00 2,900 $420.69 1963 H11158196 3/06/12 71
30855 Via La Cresta $1,400,000 5 3.00 3,309 $423.09 1968 V10110724 2/15/12 489
30055 Avenida Elegante $1,570,000 5 4.00 3,400 $461.76 1966 S11092425 2/14/12 169
6908 Alta Vista DR $1,935,000 5 5.00 5,384 $359.40 1986 S12002340 2/14/12 9
Average $1,445,000 5.0 3.60 3,485 $423 176
Average Sales Price of homes sold during 1st quarter: $ 1.4 million
Properties for Sale as of 3/31/2012: 11 ( 5 months of inventory based on the average number of homes sold per month in the last quarter of 2 )
Average List Price at 3/31/12: $ 1.8 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 423 per sq. ft.
Properties sold at an average of 93% of Original List Price
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map above )had the following real estate market activity for single family residences during the 1stQuarter of 2012 :
Properties Sold: 6
Address Sales Price BR BA Sq.ft.$/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
5367 Valley View RD $1,281,000 4 5.00 4,578 $279.82 1981 V11023850 1/27/12 331
21 Quarterhorse LN $1,460,000 4 4.00 4,036 $361.74 1981 V11106226 3/30/12 231
26 Country Meadow RD $1,525,000 6 5.00 4,494 $339.34 1979 V11126886 1/27/12 114
29010 Indian Valley $1,525,000 4 4.00 3,742 $407.54 1985 V12035049 3/16/12 79
44 Country LN $1,530,000 4 3.00 3,241 $472.08 1979 V11150647 3/07/12 104
5839 Ocean Terrace DR $1,650,000 4 4.00 4,537 $363.68 1983 V11028763 3/30/12 393
Average $1,495,167 4.0 4.20 4,105 $371 209
Average Sales Price of homes sold during 1st quarter: $ 1.5 million
View from La Cresta area - Del Cerro Park
Number of Properties listed for sale as of 3/31/12: 7 ( 3 months of inventory based on the average number of homes per month sold in the quarter of 2 )
Average List Price at 3/31/11: $ 2.0 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 371 per sq. ft.
Properties sold at an average of 89% of Original List Price
Properties Sold: 6
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
28722 Lomo DR $710,000 4 2.00 1,834 $387.13 1965 S11032435 1/04/12 298
28084 Ella RD $875,000 4 2.00 1,906 $459.08 1962 V11131942 3/05/12 91
27907 Centuria $985,000 4 2.00 1,972 $499.49 1962 S11145706 2/01/12 79
6550 Verde Ridge RD $1,080,000 5 4.00 3,255 $331.80 1970 S684940 3/13/12 57
28021 Ella RD $1,250,000 3 4.00 2,400 $520.83 1962 S11154064 1/10/12 10
6763 Verde Ridge RD $1,350,000 5 4.00 2,788 $484.22 1972 S11078519 1/24/12 125
Average $1,041,667 4.0 3.00 2,359 $447 110\
Average Sales Price of homes sold during 1st quarter: $ 1.0 million
Los Verdes Street with Ocean View
Properties for Sale as of 3/31/12: 8 ( 4 months of inventory based on the average number of homes sold per month during the quarter of 2 )
Average List Price at 3/31/12: $ 1.0 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 447 per sq. ft.
Properties sold at an average of 96% of Original List Price
The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 1st Quarter of 2012 :
Properties Sold: 5
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt.MLS# Sold Date Days on Mkt.
27514 Fawnskin DR $755,000 4 2.00 1,701 $443.86 1959 S12009764 3/20/12 26
5050 Golden Arrow DR $925,000 4 3.00 2,447 $378.01 1967 V12009754 2/29/12 23
27977 Beechgate Dr $955,000 5 3.00 2,494 $382.92 1967 V11158049 1/19/12 34
26520 Rockhurst LN $1,055,000 4 3.00 2,490 $423.69 1966 V12008283 3/27/12 55
5019 Rockvalley RD $1,080,000 4 3.00 2,784 $387.93 1966 V12002398 2/29/12 55
Average $954,000 4.0 2.80 2,383 $403 39
Average Sales Price of homes sold during 1st quarter: $ 1.0 million
Properties for Sale as of 3/31/12: 6 This equates to a 3 month inventory
Average List Price at 3/31/12: $ 1.0 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 403 per sq. ft.
Properties sold at an average of 98% of original List Price
The Eastview area of Rancho Palos Verdes ( area 177 in map above) had the following real estate market activity for single family residences during the 1st Quarter of 2012 :
Properties Sold: 12
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
28700 N Enrose AV $515,000 3 2.00 1,799 $286.27 1957 V11158968 1/31/12 53
1940 Avenida Feliciano $530,000 4 3.00 2,182 $242.90 1961 P797725 2/01/12 92
28622 Gunter RD $585,000 3 2.00 1,750 $334.29 1955 V11120886 3/02/12 171
28014 Avenida Cuaderno $599,000 3 2.00 1,864 $321.35 1959 S12001252 3/19/12 37
1926 Lasita PL $600,000 4 2.00 1,864 $321.89 1959 V11154110 3/26/12 118
28607 N Enrose AV $600,000 4 2.00 1,649 $363.86 1957 S11142732 2/09/12 68
2117 W Crestwood ST $625,000 4 2.00 1,512 $413.36 1956 Y1200556 3/23/12 56
27601 Alvesta PL $650,000 4 3.00 1,876 $346.48 1960 S11129666 3/27/12 142
2119 W Macarthur ST $685,000 4 2.00 1,962 $349.13 1957 S11142355 2/20/12 113
2112 W Crestwood ST $714,000 3 2.00 1,888 $378.18 1956 V11125990 3/02/12 162
1932 Peninsula Verde DR $725,000 4 3.00 2,448 $296.16 1970 S11153510 1/10/12 7
2125 Trudie DR $750,000 4 3.00 3,200 $234.38 1985 S11005360 1/20/12 294
Average $631,500 4.0 2.30 2,000 $324 109
Average Sales Price of homes sold during 1st quarter: $ .6 million
Properties for Sale as of 3/31/12: 6 ( A huge decrease from the 13 for sale at the end of the previous quarter and the 25 properties for sale a year ago, and represents less than a 2 month inventory, with 4 properties in escrow at the end of the quarter )
Average List Price at 3/31/12: $ .7 million
Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 324 per sq. ft.
Properties sold at an average of 93% of Original List Price
The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map above) had the following real estate market activity for single family residences during the 1stQuarter of 2012 :
Properties Sold: 14
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
26519 Basswood $670,000 3 2.00 1,358 $493.37 1956 V11093000 2/01/12 176
26347 Dunwood RD $685,000 3 2.00 1,637 $418.45 1956 S12004470 3/22/12 14
26431 Dunwood RD $690,000 4 2.00 1,596 $432.33 1956 S11093740 2/17/12 148
26950 Springcreek RD $699,000 3 2.00 1,442 $484.74 1960 V12003384 2/21/12 10
26822 Basswood AV $715,000 4 2.00 1,670 $428.14 1958 V11153662 3/26/12 88
26714 Menominee PL $750,000 3 2.00 1,662 $451.26 1960 P800076 1/25/12 10
5908 Finecrest DR $750,000 3 2.00 1,662 $451.26 1959 V11145295 3/29/12 131
26406 Dunwood RD $770,000 3 2.00 1,637 $470.37 1956 V12010317 3/01/12 35
26937 Basswood AV $793,500 4 2.00 1,659 $478.30 1958 S11146762 2/06/12 105
16 Rollingwood DR $820,000 3 2.00 1,952 $420.08 1956 S12003249 3/06/12 158
27102 Grayslake RD $829,000 3 2.00 1,395 $594.27 1959 V12005099 2/16/12 12
27002 Springcreek RD $850,000 4 2.00 1,670 $508.98 1960 V11146938 1/27/12 16
27025 Springcreek $910,000 3 3.00 2,426 $375.10 1960 V12020073 3/23/12 339
5357 Bayridge RD $979,000 4 2.00 1,628 $601.35 1956 V12003724 2/01/12 14
Average $779,321 3.0 2.10 1,671 $472 90
Average Sales Price of homes sold during 1st quarter: $ .8 million
Properties for Sale as of 3/31/12: 12
Average List Price at 3/31/11: $ .9 million
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 472 per sq. ft.
Properties sold at an average of 95% of List Price
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| Maureen Megowan |
| Remax Palos Verdes Realty |
| 63 Malaga Cove Plaza |
| Palos Verdes Estates, CA 90274 |
Certified Palos Verdes Specialist
Seniors Real Estate Specialist
Realtor
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| Home:(310) 541-6416 |
| Cell:(310) 259-7124 |
| Fax:(310) 541-2960 |
| Email: info@maureenmegowan.com |
| http://www.maureenmegowan.com |
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