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Malaga Cove Area of Palos Verdes Estates 2nd Quarter 2012 Real Estate Market Report

The Malaga Cove area of Palos Verdes Estates ( area 163 in map below )had the following real estate activity for single family residences during the 2nd Quarter of 2012:

Properties Sold:  9

Address                          Sales Price   BR BA  Sq.ft. $/Sq.ft Year Built  MLS #  Date of Sale  Days on Market

1512 Via Montemar                $995,000 3 2.00 1,892 $525.90 1956 V12010331 5/18/12      95
561 Via Del Monte               $1,405,000 3 2.00 2,524 $556.66 1950 V12022412 5/08/12      65
1515 Via Lazo                     $1,489,000 4 3.00 2,623 $567.67 1953 S12057777 6/20/12      15
2777 Via Campesina           $1,550,000 3 3.00 3,966 $390.82 1955 S12051329 6/04/12      17
2740 Via Campesina           $1,650,000 3 3.00 3,801 $434.10 1929 V11017645 5/15/12      450
436 Via Almar                      $1,795,000 4 4.00 3,200 $560.94 1973 S11097651 4/11/12      248
729 Via Del Monte               $1,925,000 5 4.00 3,310 $581.57 1961 V12014181 4/06/12      288
1020 W Palos Verdes Drive $1,945,000 4 3.00 3,069 $633.76 1958 V12051682 6/29/12       28
568 Via Almar                      $2,962,500 4 5.00 3,662 $808.98 2010 V12033088 5/01/12      114
521 W Palos Verdes DR       $3,125,000 5 5.00 4,000 $781.25 1998 S12019461 4/13/12       17


Average                               $1,884,150 4.0 3.40 3,205 $584                                                 134

Average Sales Price of homes sold during 2nd quarter: $1.9 million

Malaga Cove Homes

Number of Properties Listed for sale as of 6/30/2012:  7 ( Only a 2 month inventory based on the average monthly sales of 3 homes during the first quarter )  Click Here for Current Properties for sale

 
 
 

Average List Price at 6/30/2012:  $2.4 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $ 553 per sq. ft.

 
 
 
 
 
       
  Jun. 12 May. 12 Curnt vs. Prev Month % Change Jun. 12 Jun. 11 Curnt vs. Same Month 1 Yr Ago % Change Apr. 12 to Jun. 12 Apr. 11 to Jun. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 516 493 4.7% 516 739 -30.2% 553 625 -11.5%
Properties sold at an average of 95% of Original List Price ( a significant improvement over the last quarter of 89% ) 

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 • July 26 2012 08:56PM

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