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 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.