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Palos Verdes Dr. South Area of Rancho Palos Verdes 3rd Quarter 2012 Real Estate Market Report

The Palos Verdes Dr. South area of Rancho Palos Verdes (area 169 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2012 :

Properties Sold:  13

Address                    Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale    Days on Market

3465 Heroic DR               $855,000 4 3.00 2,099 $407.34    1971 S12069181 7/27/12            56
6353 Tarragon RD           $888,000 3 3.00 2,162 $410.73    1959 V12089175 9/07/12            49
6519 Sandy Point CT       $950,000 4 4.00 3,036 $312.91    1987 V12062119 8/20/12           111
6603 Beachview              $970,000 3 3.00 2,776 $349.42    1990 V12055963 9/11/12           123
32413 Sea Raven DR    $1,050,000 4 2.00 2,037 $515.46    1963 S12041162 7/09/12             71
3822 Pirate DR             $1,055,000 4 3.00 2,533 $416.50    1963 P826160     9/01/12             29
32325 Sea Raven DR    $1,100,000 4 2.00 2,054 $535.54    1963 V12044049 9/20/12             83
32227 Phantom DR       $1,150,000 4 2.00 2,054 $559.88    1963 V12079683 8/23/12             58
4362 Exultant DR          $1,300,000 4 4.00 4,059 $320.28    2004 S11106512 7/17/12           322
108 Spindrift DR            $1,300,000 2 2.00 1,669 $778.91    1953 S11078405 8/31/12           383
99 Vanderlip DR             $1,400,000 4 3.00 3,866 $362.13    1920 V12097771 9/10/12           245
98 Yacht Harbor DR        $1,470,000 2 2.00 1,413 $1,040.34 1951 S12073947 9/14/12            94
31986 Emerald View DR  $1,800,000 5 7.00 12,000 $150.00  2011 S11107833 8/13/12           602
Average                         $1,176,000 4.0 3.10 3,212 $474                                                      171

 

Average Sales Price of homes sold during 3rd quarter: $ 1.2 million

rancho palos verdes

 

Properties for Sale as of 9/30/12 12 ( A 54% decrease from a year ago,  equal to a 3 months of inventory at the average number of homes sold each month in the last quarter of 4 ) Click Here for Current Properties for Sale

 

 
       
  Sep. 12 Aug. 12 Curnt vs. Prev Month % Change Sep. 12 Sep. 11 Curnt vs. Same Month 1 Yr Ago % Change Jul. 12 to Sep. 12 Jul. 11 to Sep. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 12 16 -25% 12 26 -53.8% 15 27 -44.4%
Sold 6 4 50% 6 1 500% 4 3 33.3%
Pended 5 2 150% 5 5 0% 4 4 0%

Average List Price at 9/30/12: $ 2.2 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 474 per sq. ft. The price per sq. ft. for homes sold during August in the chart below is distorted as the sale of 31986 Emerald View, a 12,000 dq. ft. home was sold in only a partially constructed state.

Properties sold at an average of 88% of List Price

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 • October 23 2012 06:41PM

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