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Monte Malaga Area of PVE 1st Quarter 2015 Real Estate Market Report

The Monte Malaga area of Palos Verdes Estates (area 162 in map below )had the following real estate market activity for single family residences during the 1st Quarter of 2015:

 

Properties Sold: 6

Average Sales Price of homes sold during 1st quarter: $4.7 million

 

Properties for Sale as of 3/31/2015: 13 ( Equal to about 6 months inventory based upon the first quarters average of 2 sales per month ). There are no properties in escrow as of the end of March 2015. 

 
 
Average List Price at 3/31/2015: $4.9 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 1,075 per sq. ft.due to one abnormally large sale in January.

 
 
 
 

Properties sold at an average of 95% of List Price and were on average on the market for approx. 3 to 5 months

 For more Palos Verdes real estate market reports see the following link on my website: Market Reports

 

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

0 commentsMaureen Megowan • April 14 2015 03:55PM
Monte Malaga Area of PVE 1st Quarter 2015 Real Estate Market Report
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