Maureen Megowan's Blog

head_left_image

Lunada Bay Area of PVE July 2014 Real Estate Market Report

The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during July 2014:

Properties Sold: 11

Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market

1036 Via Fortuna $1,205,000 4 3.00 2,088 $577.11 1962 PV14112416 7/23/14 34
1720 Palos Verdes DR W $1,490,000 4 3.00 2,186 $681.61 1959 SB14060386 7/09/14 77
1016 Via Fortuna $1,562,144 5 3.00 2,761 $565.79 1960 PV14101966 7/03/14 52
1716 Dalton Road $1,615,000 5 3.00 3,612 $447.12 1976 SB14055049 7/23/14 128
2520 Via Olivera $1,650,000 4 3.00 3,107 $531.06 1976 PV14080882 7/31/14 73
2624 Via Carrillo $1,700,000 4 3.00 2,571 $661.22 1963 PV14135681 7/25/14 3
2845 Via Victoria $2,150,000 5 5.00 5,310 $404.90 1987 PV14125243 7/23/14 158
1560 Via Leon $2,260,000 4 3.00 3,884 $581.87 1978 14758213 7/25/14 15
2008 Zorillo PL $2,310,000 4 4.00 3,839 $601.72 1977 PV14120381 7/18/14 74
1916 Dalton RD $2,450,000 4 5.00 3,700 $662.16 2013 PV14002271 7/17/14 173
2116 Paseo Del Mar $3,850,000 5 6.00 6,168 $624.19 1954 PV14120190 7/29/14 50
Average                     $2,022,013 4.0 3.70 3,566 $567                                                76

 

Average Sales Price of homes sold during July 2014: $2.0 million

Lunada Bay

Properties for Sale as of 7/31/14: 29 ( equal to just over a 4 month inventory based upon average monthly sales of 7 for the quarter). The number of homes for sale is up approx. 71% from a year ago Click Here for Current Properties Listed for sale.

 
 
 
       
  Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 29 28 3.6% 29 17 70.6% 27 20 35%
Sold 11 7 57.1% 11 13 -15.4% 7 10 -30%
Pended 5 14 -64.3% 5 9 -44.4% 9 9 0%
 
 
 
 

Average List Price at 7/31/14: $2.9 million

Average Price per Sq. Ft. for Properties Sold during July $ 567 per sq. ft. ( the same as last year )

 
 
       
  Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 567 600.3 -5.5% 567 567 0% 579.4 552.1 4.9%
 
 

Properties sold at an average of 98% of List Price

 

Lunada Bay Fountain

 

 

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 • August 25 2014 05:46PM
Lunada Bay Area of PVE July 2014 Real Estate Market Report
share
The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during July 2014 : Properties Sold: 11 Address Price BR BA Sq. ft. $/Sq. ft Date Blt MLS # Closing… more
City of Rolling Hills Estates July 2014 Real Estate Market Report
share
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 29 homes at the end of July, a 53% increase from the prior year. The number of properties sold monthly over the last 3… more
City of Rolling Hills July 2015 Real Estate Market Report
share
The City of Rolling Hills had the following real estate market activity for single family residences during July 2014: Properties Sold: 3 Address Sales Price Bd Bth Sqft $/Sq Yr Built MLS# Sold Date Days to Sell 4… more
City of Rancho Palos Verdes July 2014 Single Family Real Estate…
share
The real estate market in the City of Rancho Palos Verdes picked up in July. The level of inventory of homes for sale of 120 homes at the end of July is up about 62% compared to the end of July last year. The average number of homes sold per month… more
City of Palos Verdes Estates July 2014 Real Estate Market Report
share
There are 62 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of July, which is 55% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 15 sales per month, is 17% less than… more
Palos Verdes Peninsula July 2014 Condo and Townhome Real Estate…
share
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 54 units is up approx. 46% compared to this time a year ago. The average number of sales per month over the last 3 months of 11 units per month is down 35% from a… more
Palos Verdes Peninsula ( All Cities ) July 2014 single family real…
share
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of July of 231 properties is 56% greater than the same time last year, however the average number of homes sold per month of 67 over the last 3 months is the… more
Interest Rates hit new 2014 lows
share
Interest rates for buying a home on the Palos Verdes Peninsula decreased to 2014 lows this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Not that it took much for them to get there, but 30… more
Interest Rates dip slightly
share
Interest rates for buying a home on the Palos Verdes Peninsula decreased slightly this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "The summer of stability for mortgage rates continued… more
Interest Rates Remain Level
share
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "A stock market struggling to maintain traction, Ukraine and… more