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West Palos Verdes area of Rancho Palos Verdes 4th Quarter 2011 Market Report

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 4th Quarter of 2011 :

Properties Sold:  8

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

30815 Rue Valois                    $960,000 4 2.00 1,926 $498.44           1960 V11081193 11/03/11                  101

30117 Via Borica                   $1,088,000 4 3.00 2,281 $476.98          1966 11014013   10/18/11                   14

30721 Via Rivera                   $1,120,000 4 3.00 2,424 $462.05          1962 V11071998 10/06/11                   96

7302 Lunada Vista                 $2,635,000 5 5.00 3,784 $696.35         2011 S11159783 12/09/11                     0

73 Via Del Cielo                      $2,925,000 3 5.00 5,123 $570.95         2001 V11022117 12/16/11                   282

18 Via Del Cielo                      $3,050,000 5 6.00 7,031 $433.79         2000 V11092629 12/19/11                    91

5 Via Del Cielo                        $3,850,000 6 8.00 8,179 $470.72         2006 V11054693 12/01/11                   182

6 Marguerite DR                     $6,300,000 7 9.00 10,000 $630.00        2001 V09126059 12/06/11                   311

Average Sales Price of homes sold during 4th quarter: $ 2.7 million

 West Palos Verdes

Properties for Sale as of 12/31/11:  9

 

 

 

 

Average List Price at 12/31/11:  $ 5.4 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $ 530 per sq. ft.

 

 

Properties sold at an average of 90% of List Price

Note:  The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of Palos Verdes Drive tend to be more moderately priced older homes.

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.

Comment balloon 0 commentsMaureen Megowan • January 30 2012 10:51PM
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