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West Palos Verdes area of Rancho Palos Verdes 1st Quarter 2012 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 2012 :

Properties Sold:  2

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

 

70 Via Del Cielo              $2,950,000 4 5.00 4,183 $705.24 2000 S11153484 3/28/12                123

33 Via Del Cielo              $4,200,000 5 7.00 6,809 $616.83 2005 S11090991 1/27/12                198

 

Average                   $3,575,000 5.0 6.00 5,496 $661                                                161

 

Average Sales Price of homes sold during 1st quarter:$ 3.6 million

 

 West Palos Verdes

 

Properties for Sale as of 3/31/12:  7 ( 4 properties are in escrow as of the end of the quarter )  Click Here for Current Properties for Sale

 

 

 

 

 

Average List Price at 3/31/12:  $ 4.4 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $ 661 per sq. ft.

 

 

 

Properties sold at an average of 96% of Original 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 • April 23 2012 07:53PM

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