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Lunada Bay Area of Palos Verdes Estates August 2013 Real Estate Market Report

The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during July and August 2013:

Properties Sold in July and August: 22

Address                              Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market

1748 Palos Verdes DR W   $900,000 4 2.00 1,522 $591.33 1954 SR13073967 7/22/13 46

1525 Palos Verdes DR W   $925,000 3 2.00 1,388 $666.43 1954 SB13108603 7/30/13 7

2132 Via Rivera                $995,000 3 2.00 1,616 $615.72 1958 PV13114994 7/31/13 39

1709 Espinosa CR           $1,085,000 3 2.00 1,583 $685.41 1956 SB13083138 7/16/13 66

1732 Palos Verdes DR W $1,120,000 3 2.00 1,873 $597.97 1955 SB13088659 7/12/13 10

2124 Via Rivera              $1,159,000 3 2.00 1,813 $639.27 1954 PV13110178 7/16/13 24

1517 Espinosa CR           $1,197,000 4 3.00 2,141 $559.08 1958 PV13095706 7/05/13 31

2541 Via Sanchez           $1,300,000 5 3.00 3,300 $393.94 1980 SB13066020 7/02/13 20

2129 W Palos Verdes DR $1,417,500 4 4.00 3,437 $412.42 1956 PV13056121 7/29/13 108

1539 Via Coronel            $1,503,700 5 5.00 4,234 $355.15 1978 PV13051477 7/23/13 113

228 Rocky Point RD        $1,525,000 4 3.00 2,198 $693.81 1956 SB13072208 7/18/13 80

2805 Via Alvarado          $1,550,000 4 2.00 2,446 $633.69 1962 SB13036137 7/09/13 130

3000 Paseo Del Mar             $3,525,000 4 5.00 4,550 $774.73 2012 PV13065055 7/31/13 31

617 Avenida Mirola               $1,238,250 3 2.00 1,750 $707.57 1994 PV13098681 8/16/13 81

2510 Palos Verdes Drive W  $1,350,000 3 3.00 2,019 $668.65 1957 PV13132122 8/29/13 25

1541 Via Leon                       $1,579,000 4 4.00 3,620 $436.19 1977 SB13056983 8/01/13 121

3009 Via Victoria                   $1,695,000 5 4.00 3,257 $520.42 1967 PV13121815 8/27/13 63

1136 Via Zumaya                  $1,700,000 4 4.00 3,233 $525.83 1973 PV13115423 8/19/13 63

1412 Via Coronel                   $1,770,000 4 3.00 3,195 $553.99 1976 PV13075556 8/06/13 94

838 Rivera PL                        $2,150,000 4 3.00 3,100 $693.55 1966 SB13061331 8/28/13 127

1744 Paseo Del Mar              $2,780,000 4 5.00 4,526 $614.23 2001 SB13050956 8/09/13 135

1700 Rico PL                         $3,200,000 5 5.00 3,600 $888.89 1965 SB13056091 8/06/13 100

Average                         $1,621,111 4.0 3.20 2,746 $601                                            69

 

Average Sales Price of homes sold during July and August: $1.6 million

Lunada Bay

Properties for Sale as of 8/31/2013: 16 ( equal to a bit less than 2 months inventory based upon average monthly sales of 10 for the last 3 months). The number of homes for sale is down approx. 20% from a year ago and down 33% since peaking at 24 homes for sale in April after averaging only 9 homes on the market for the previous 4 months. Click Here for Current Properties Listed for sale.

 
 
       
  Aug. 13 Jul. 13 Curnt vs. Prev Month % Change Aug. 13 Aug. 12 Curnt vs. Same Month 1 Yr Ago % Change Jun. 13 to Aug. 13 Jun. 12 to Aug. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 16 17 -5.9% 16 20 -20% 18 19 -5.3%
Sold 9 13 -30.8% 9 10 -10% 10 7 42.9%
Pended 12 9 33.3% 12 3 300% 10 5 100%
 
Average List Price at 8/31/2013: $2.6 million

Average Price per Sq. Ft. for Properties Sold during the last 3 months ending August 31st: $ 571 per sq. ft. ( an approx. 6% increase from the comparable 3 month period last year )

 
 
 
       
  Aug. 13 Jul. 13 Curnt vs. Prev Month % Change Aug. 13 Aug. 12 Curnt vs. Same Month 1 Yr Ago % Change Jun. 13 to Aug. 13 Jun. 12 to Aug. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 617 567 8.8% 617 511.3 20.7% 570.5 539.3 5.8%
 
 
 
 
 

 

Properties sold at an average of 93% of List Price over the last 3 months and took about 2 months to sell

Lunada Bay Fountain

 

Click here for other Market Reports on my web sites

 

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 • September 13 2013 09:00PM

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