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Lunada Bay Area of PVE 2nd Quarter 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 the 2nd Quarter of 2014:

Properties Sold: 18

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

2306 Palos Verdes DR W #204 $869,000 3 2.00 1,659 $523.81 1981 SB14070907 6/20/14 120
1220 Via Landeta $899,000 2 1.00 1,515 $593.40 1954 PV14098613 6/04/14 17
2116 Palos Verdes DR W $1,025,000 3 2.00 1,943 $527.53 1955 SB14071217 6/13/14 410
1216 Via Landeta $1,050,000 3 2.00 1,690 $621.30 1954 PV14092543 5/28/14 15
2517 W Palos Verdes Drive W $1,120,000 3 2.00 2,054 $545.28 1958 PV13204619 4/07/14 129
1529 Palos Verdes DR W $1,218,000 3 4.00 2,295 $530.72 1960 SR14050343 4/30/14 12
1800 Via Estudillo $1,250,000 4 3.00 2,398 $521.27 1976 PV14002437 4/01/14 80
3012 Palos Verdes Dr. $1,300,000 4 3.00 2,854 $455.50 1975 WS13200532 4/03/14 226
3028 W Palos Verdes DR W $1,315,000 3 3.00 2,265 $580.57 1965 PV13002596 6/27/14 502
1608 Chelsea RD $1,600,000 3 2.00 2,200 $727.27 1958 PV14054150 6/11/14 58
700 Avenida Mirola $1,860,000 5 3.00 3,190 $583.07 1956 PV14043461 5/20/14 36
2656 Via Valdez $1,899,000 4 3.00 3,132 $606.32 1973 PV14008237 4/11/14 73
1916 Via Estudillo $1,900,000 5 4.00 3,519 $539.93 1974 PV14085439 6/26/14 54
2001 Noya PL $1,990,000 4 4.00 3,255 $611.37 1976 PV14092704 6/25/14 22
1204 Via Coronel $2,159,000 5 4.00 3,476 $621.12 1990 PV14068419 5/22/14 40
3024 Palos Verdes DR W $2,600,000 3 4.00 3,455 $752.53 1966 PV14038633 4/04/14 30
1620 Via Zurita $2,638,750 4 5.00 4,239 $622.49 2004 PV14048292 6/11/14 69
2808 Via Neve $2,780,000 5 5.00 5,244 $530.13 1989 SB13244011 5/30/14 131
Average                         $1,637,375 4.0 3.10 2,799 $588                                          112

 

Average Sales Price of homes sold during 2nd quarter: $1.6 million

Lunada Bay

Properties for Sale as of 6/30/14: 28 ( equal to just over a 4 month inventory based upon average monthly sales of 6 for the quarter). The number of homes for sale is up approx. 27% from a year ago  Click Here for Current Properties Listed for sale.

 
 
 
 
       
  Jun. 14 May. 14 Curnt vs. Prev Month % Change Jun. 14 Jun. 13 Curnt vs. Same Month 1 Yr Ago % Change Apr. 14 to Jun. 14 Apr. 13 to Jun. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 28 23 21.7% 28 22 27.3% 24 22 9.1%
Sold 7 4 75% 7 8 -12.5% 6 6 0%
Pended 14 8 75% 14 8 75% 8 9 -11.1%
 
 
 

Average List Price at 6/30/14: $3.1 million

Average Price per Sq. Ft. for Properties Sold during 2nd quarter: $ 587 per sq. ft. ( an approx. 7% increase from the comparable period last year )

 
       
  Jun. 14 May. 14 Curnt vs. Prev Month % Change Jun. 14 Jun. 13 Curnt vs. Same Month 1 Yr Ago % Change Apr. 14 to Jun. 14 Apr. 13 to Jun. 13 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 600.3 577.1 4% 600.3 524 14.6% 587.6 550.5 6.7%
 
 

Properties sold at an average of 94% 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 • July 22 2014 09:41PM
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