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West Palos Verdes Area of Rancho Palos Verdes 1st Quarter 2011 Real Estate 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 1st Quarter of 2011 :

Properties Sold:  2

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

31003 Rue Langlois   $1,100,000 4 2.00 2,389 $460.44 1960 V11008202 3/04/11      12

18 Calle Viento DR     $2,600,000 5 6.00 4,891 $531.59 2004 V10105305 3/29/11     156

 

Properties for Sale as of 3/31/11:  14

 

 

 West Palos Verdes

Average List Price at 3/31/11:  $ 3.3 million

Average Sales Price of homes sold during 1st quarter: $ 1.9 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $ 496 per sq. ft.

Properties sold at an average of 96% of List Price

Note:  The sales statistics for homes in the West Palos Verdes area are 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 1 commentMaureen Megowan • April 24 2011 07:05PM

Comments

Wow what a place to live!

Posted by Bruce Parker (RE/MAX Best) almost 8 years ago

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