Maureen Megowan's Blog

The following are interest rate quotes from Al Hermann of American/California Financial Services :

For more information about Financing your purchase of a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com

The Eastview area of Rancho Palos Verdes ( area 177 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold: 9

Address                    Sales Price BR BA  Sq.ft.     $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

2021 Caddington DR     $580,000 3 2.00 1,274     $455 1956 P677603 7/02/09          113

1902 Caddington DR     $605,500 3 2.00 1,248      $485 1955 S09060751 8/28/09       97

29012 S Highmore AV    $629,900 6 3.00 2,800      $225 1950 W09072453 9/15/09      31

28723 N Enrose AV        $689,000 3 2.00 1,274       $541 1956 S09056247 7/10/09       11

27847 S Montereina DR $700,000 3 2.00 2,084       $336 1959 P690034 7/24/09           51

2064 Noble View DR       $703,000 3 3.00 1,824       $385 1956 V09070188 8/13/09        1

2102 W Macarthur ST      $735,000 4 2.00 2,000      $368 1955 S09073475 9/16/09       36

1978 Caddington DR       $765,000 4 3.00 2,202       $347 1956 V09038764 8/22/09     130

2403 Sparta DR              $810,000 3 2.00 2,533       $320 1964 V08049761 9/24/09      537

Properties for Sale as of 9/30/09: 11

Average List Price at 9/30/09:  $ ,7 million

Average Sales Price of homes sold during 3rd quarter: $ .7 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $ 382 per sq. ft.

Properties sold at an average of 98% of List Price

For more information on buying or selling real estate in the Eastview area of Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold: 9

Address                         Sales Price BR BA  Sq.ft.      $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

49 Rollingwood DR        $655,000 3 2.00 2,267    $289 1956 09346373 8/31/09         128

2 Via De La Vista           $799,000 3 2.00 1,625    $492 1963 V09062266 7/10/09        29

27108 Whitestone RD     $818,000 3 2.00 1,914   $427 1959 V09041804 6/30/09        51

27057 Springcreek Road $859,000 3 2.00 1,612    $533 1960 V09075922 9/04/09       17

5730 Ironwood ST          $870,000 5 3.00 2,158    $403 1961 V09030529 9/18/09      174

5839 Flambeau RD         $885,000 4 3.00 2,192    $404 1959 V09036500 9/22/09      171

26557 Silver Spur Rd       $975,000 4 2.00 2,484    $393 1962 S09009106 9/16/09      186

4845 Elmdale DR            $987,000 3 2.00 1,767    $559 1956 S09033065 7/02/09       43

4937 Elmdale DR          $1,050,000 4 3.00 2,176    $483 1956 S09052587 8/08/09      84

Properties for Sale as of 9/30/09:  6

Average List Price at 6/30/09:  $ 1.0 million

Average Sales Price of homes sold during 3rd quarter: $ .9 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr:   $ 442 per sq. ft.

Properties sold at an average of 96% of List Price

For more information on buying or selling real estate in the Silver Spur area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold: 11

Address                      Sales Price   BR BA    Sq.ft.  $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

5216 Silver Arrow DR     $825,000 3 2.00 1,395 $591 1959 V09039106 7/01/09     67

27603 Fawnskin DR       $863,000 3 2.00 1,662 $519 1959 V09067971 8/25/09     42

27416 Fawnskin DR       $890,000 3 3.00 2,392 $372 1959 S09059707 9/11/09     86

27504 Littlewood DR      $900,000 5 3.00 2,372 $379 1965 P689116 8/31/09         41

27038 Diamondhead LN $925,000 3 2.00 1,899 $487 1965 V09078602 9/04/09     43

5039 Browndeer LN         $990,000 5 3.00 2,494 $397 1967 V09083396 9/30/09    10

27003 Silver Moon LN   $1,010,000 4 3.00 2,622 $385 1967 V09055288 7/09/09    50

27520 Elmbridge DR     $1,050,000 4 3.00 2,189 $480 1965 S09067735 9/16/09    55

5040 Browndeer LN       $1,100,000 5 3.00 2,440 $451 1966 V09070652 9/24/09    73

26831 Hawkhurst DR     $1,100,000 4 3.00 2,784 $395 1967 V09016653 8/21/09   141

26504 Rockhurst           $1,100,000 4 3.00 2,490 $442         V09025384 7/02/09    106

Properties for Sale as of 9/30/09:   6

Average List Price at 9/30/09:  $ 1.0 million

Average Sales Price of homes sold during 3rd quarter: $ 1.0 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr:   $ 445 per sq. ft.

Properties sold at an average of 97% of List Price

For more information on buying or selling real estate in the Peninsula Center area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold: 5

Address                   Sales Price BR BA  Sq.ft.$/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

6933 Grovespring DR $889,000 4 2.00 1,806 $492 1963 S584963 9/20/09          6

7011 Willowtree DR    $910,000 4 2.00 2,316 $393 1963 S09057239 7/21/09     40

6908 Purple Ridge Dr. $960,000 4 2.00 1,617 $594 1963 V09056253 7/22/09    13

28361 Plainfield DR $ 1,000,000 4 3.00 2,484 $403 1964 V09040149 9/11/09  138

27917 Hazelridge DR $1,200,000 4 2.00 2,332 $515 1964 V09062801 9/16/09   78

28725 Blythewood DR $1,290,000 5 5.00 3,157 $409 1963 S09034109 7/17/09  70

Properties for Sale as of 9/30/09:  10

Los Verdes Street with Ocean View

Average List Price at 9/30/09:  $ 1.1 million

Average Sales Price of homes sold during 3rd quarter: $ 1.0 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $ 467 per sq. ft.

Properties sold at an average of 94% of List Price

For more information on buying or selling real estate in the Los Verdes area of  Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The Crest area of Rancho Palos Verdes and Rolling Hills Estates ( Area 174 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold: 10

Address                           Sales Price BR BA  Sq.ft.$/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

28604 Meadowmist Drive $850,000 4 2.00 2,090 $407 1967 V09065991 7/31/09      29

29435 Whitley Collins DR $901,000 4 3.00 2,374 $380 1963 V09058966 7/29/09     40

29642 Stonecrest Road    $910,000 4 3.00 2,374 $383 1963 V09059505 8/03/09     49

28710 King Arthur CT       $985,000 4 2.00 2,044 $482 1968 V09033865 7/07/09   100

29007 Firthridge RD       $1,015,000 4 3.00 2,575 $394 1967 V09044907 7/10/09    58

28402 Quailhill DR         $1,080,000 4 3.00 2,366 $456 1969 V09039364 8/19/09    98

5653 Sunmist DR           $1,099,000 5 3.00 2,468 $445 1965 V09070984 9/25/09    83

29604 Stonecrest Road   $1,140,000 5 3.00 2,468 $462 1963 V09064915 8/28/09    41

29501 Oceanport RD       $1,280,000 4 3.00 2,448 $523 1964 V09022607 8/11/09  112

28805 Covecrest DR        $1,299,000 5 4.00 2,366 $549 1967 V09042181 7/17/09   44

Properties for Sale as of 9/30/09: 8

Average List Price at 9/30/09:  $ 1.2 million

Average Sales Price of homes sold during 3rd quarter: $ 1.1 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr:   $ 448 per sq. ft.

Properties sold at an average of 97% of List Price

For more information on buying or selling real estate in the Crest area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 23rd Quarter of 2009 :

Properties Sold:  9

Address                        Sales Price BR BA  Sq.ft.  $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

6 Pepper Tree LN               $990,000 3 3.00 2,359 $420 2002 S09038397 9/09/09        119

13 Pepper Tree LN             $990,000 3 4.00 2,546 $389 2002 V09074696 9/29/09          57

22 Oceanaire DR             $1,360,000 5 3.00 3,349 $406 1962 S09067181 7/29/09           7

7 Clear Vista DR              $1,400,000 4 4.00 2,889 $485 1981 V09076062 9/10/09         33

5249 Valley View RD         $1,520,000 4 4.00 4,248 $358 1983 V09075685 9/02/09         53

28 Country Meadow RD     $1,560,000 4 4.00 4,112 $379 1979 V08147021 7/23/09       282

18 San Clemente DR        $1,725,000 4 4.00 3,218 $536 1988 S09057400 7/14/09         27

10 Covered Wagon LN       $1,850,000 4 4.00 4,048 $457 1981 S09013239 7/30/09      183

16 Hillcrest Manor             $2,150,000 5 5.00 4,647 $463 1997 V09037477 7/28/09        83

Properties for Sale as of 9/30/09:  10

 
View from La Cresta area - Del Cerro Park - (Photo by Ed Shea / PVNET. )

Average List Price at 9/30/09:  $ 1.7 million

Average Sales Price of homes sold during 3rd quarter: $ 1.5 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr:   $ 432 per sq. ft.

Properties sold at an average of 95% of List Price

For more information on buying or selling real estate in the La Cresta area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The median price paid for all homes in six Southern California counties in September -- $275,000 -- was unchanged from August and 11% below the same month last year, according to San Diego-based MDA DataQuick.

As reported in the Los Angeles Times, "Christopher Thornberg, a Los Angeles economist who was an early predictor of the housing bubble, said several factors converged last month to give home sales a boost. "Tax breaks, low interest rates and pent-up demand added up to create a surge in sales that's surely gone some way in stabilizing prices," he said.. . Even if the housing market takes another hit in the coming months, Thornberg said, the bulk of the market correction is past."

"The Southern California median price remains at 2002 levels, even without considering inflation, and is 46% below its peak level of $505,000 set in several months of 2007.Those relatively low prices pushed the number of homes sold in September up 5% over the same month last year, and 0.2% above August.

Last month's sales, with a rising median price over last year in some areas, show the mix of homes sold is normalizing. Sales of homes priced at or above $500,000 were 21% of the total, up from 13% in January, DataQuick said."

Sales have benefited from very low interest rates,  reduced home prices, as well as government incentives including the $8,000 first time home buyers Federal Income Tax credit which is scheduled to expire on November 30th, 2009.

The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 2nd Quarter of 2009 :

Properties Sold:  8

Address                                   Sales Price BR BA  Sq.ft. $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

30502 Via La Cresta            $855,000 4 3.00 2,776 $308 1968 V09070747 8/20/09        22

6878 Crest RD                  $1,125,000 4 2.00 2,660 $423 1964 V09013746 7/07/09      108

30189 Avenida Esplendid    $1,194,500 4 3.00 2,881 $415 1976 V09003277 9/25/09     262

6544 Locklenna LN             $1,200,000 4 3.00 2,875 $417 1966 V09041688 7/13/09      75

31416 Marne DR                $1,355,000 4 4.00 3,421 $396 1961 V09062752 8/18/09      48

31207 Marne DR                $1,425,000 4 4.00 3,380 $422 1962 V09038657 7/02/09      27

30654 Via La Cresta           $1,435,000 5 3.00 3,192 $450 1968 V09077028 9/09/09      27

6530 Sattes DR                  $1,830,000 4 6.00 3,905 $469 1976 S09056144 7/28/09      29

This was a significant increase in sales over the single property that was sold the previus quarter.

Properties for Sale as of 9/30/09:  5

Average List Price at 9/30/09:  $ 1.9 million

Average Sales Price of homes sold during 3rd quarter: $ 1.3 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $ 412 per sq. ft.

Properties sold at an average of 96% of List Price

For more information on buying or selling real estate in the Country Club area of Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

The West Palos Verdes area of Rancho Palos Verdes ( area 170 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :

Properties Sold:  3

Address                              Sales Price BR BA  Sq.ft. $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt.

7346 Berry Hill DR          $945,000 3 2.00 2,306 $410 1961 V08088392 7/31/09        388

30934 Rue De La Pierre  $990,000 4 3.00 2,226 $445 1973 S09096584 9/22/09           7

7321 Lunada Vista       $2,600,000 5 5.00 4,034 $645 2008 S09024280 8/31/09       180

Properties for Sale as of 9/30/09:  9

Average List Price at 9/30/09:  $ 3.9 million

Average Sales Price of homes sold during 3rd quarter: $ 1.5 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $ 500 per sq. ft.

Properties sold at an average of 96% of List Price

For more information on buying or selling real estate in the West Palos Verdes area of Rancho Palos Verdes visit my website at http://www.maureenmegowan.com