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 3rd Quarter of 2012 :
Properties Sold: 3
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
30840 Via Rivera $990,000 4 3.00 2,239 $442.16 1960 V12070270 7/26/12 50
7460 Alida PL $1,929,000 6 6.00 4,959 $388.99 1999 V12095082 8/30/12 207
10 Via Del Cielo $2,900,000 5 6.00 6,994 $414.64 1999 S11114058 9/25/12 338
Average $1,939,667 5.0 5.00 4,731 $415 198
Average Sales Price of homes sold during 3rd quarter:$ 1.9 million
Properties for Sale as of 9/30/12: 10 ( 10 months of inventory based upon the average number of homes sold per month during the last quarter ) Click Here for Current Properties for Sale
Average List Price at 9/30/12: $ 3.2 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 415 per sq. ft.
Properties sold at an average of 90% 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.