Maureen Megowan's Blog

head_left_image

La Cresta Area of RPV and RHE 1st Qtr. 2014 Real Estate Market Report

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 1st Quarter of 2014:

Properties Sold: 7

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

3 Park PL $1,280,000 4 3.00 3,956 $323.56 1989 RS13190056 2/25/14 160
17 Oceanaire DR $1,375,000 4 3.00 2,781 $494.43 1961 PV13189879 1/07/14 84
5819 Ocean Terrace DR $1,515,000 4 3.00 3,600 $420.83 1982 PV13194614 1/23/14 121
24 San Clemente DR $1,750,000 4 4.00 2,920 $599.32 1987 PV13121408 1/03/14 120
59 Via Costa Verde $1,750,000 5 5.00 4,189 $417.76 1990 PV13169421 2/11/14 147
39 Via Porto Grande $1,820,000 5 5.00 4,331 $420.23 1995 PV13155291 1/03/14 108
65 Sea Breeze AV $1,880,000 5 4.00 3,727 $504.43 1999 PV13088644 3/10/14 300
Average                $1,624,286 4.0 3.90 3,643 $449                                          149

 

Average Sales Price of homes sold during 1st quarter: $ 1.6 million

 

 

View from La Cresta area - Del Cerro Park

Number of Properties listed for sale as of 3/31/2014: 7 ( 3 months of inventory based on the average number of homes per month sold in the quarter of 5) Click Here for Current Properties for Sale

 

 
 

Average List Price at 3/31/2014: $ 2.6 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $449 per sq. ft., a 5% decrease from the prior years comparable quarter.

 

 
 
Properties sold at an average of 92% 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 • April 15 2014 03:15PM

Comments

This blog does not allow anonymous comments