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Los Verdes Area of Rancho Palos Verdes 3rd Quarter 2012 Real Estate Market Report

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2012 :

Properties Sold: 13 ( A large increase from the 7 homes sold last quarter )

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

27936 Alvarez DR              $729,000 3 2.00 1,434 $508.37 1962 S12088538 9/05/12 124
6750 Verde Ridge RD         $770,000 4 2.00 1,672 $460.53 1972 F12077124 7/18/12 6
6602 Monero DR                $790,000 3 2.00 1,914 $412.75 1962 S12001656 9/06/12 141
6411 Monero DR                $815,000 3 2.00 1,434 $568.34 1962 S12077148 9/13/12 71
6334 Rio Linda DR              $850,000 3 2.00 1,434 $592.75 1962 V12088410 8/21/12 17
6611 Monero DR                 $850,000 4 2.00 1,816 $468.06 1962 C12068717 7/17/12 28
29204 Golden Meadow DR   $860,000 4 2.00 1,887 $455.75 1963 V12038832 9/14/12 128
6616 Monero                      $870,000 3 2.00 1,934 $449.84 1962 V12084823 9/20/12 44
6616 Madeline Cove DR       $900,000 3 2.00 1,925 $467.53 1971 S12055296 7/12/12 76
28033 Lomo DR                  $910,000 4 2.00 2,029 $448.50 1963 S12051216 7/25/12 131
7026 Clovercliff DR              $950,000 4 3.00 2,478 $383.37 1963 V12099468 9/18/12 109
6233 Monero DR $              1,000,000 4 3.00 2,197 $455.17 1962 V12063685 7/31/12 32
6711 Kings Harbor DR       $1,105,000 5 4.00 2,788 $396.34 1971 S12097922 9/13/12 28
Average                              $876,846 4.0 2.30 1,919 $460                                         72

 

Average Sales Price of homes sold during 3rd quarter: $ .9 million

 

Los Verdes STreet

Los Verdes Street with Ocean View

Properties for Sale as of 9/30/12:  4 ( Between 1 and 2 months of inventory based on the average number of homes sold per month during the quarter of 3 ) Click Here for Current Properties for Sale


Average List Price at 9/30/12: $ .1.0 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 460 per sq. ft., a 1.5% increase over the comparable quarter last year.

 
 
 
 
       
  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
Avg. Sq. Ft. Price 441 593 -25.6% 441 426 3.5% 460 453 1.5%
 
 

Properties sold at an average of 98% of Original 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 30 2012 11:00AM

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