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Monte Malaga Area of PVE 2nd Quarter 2014 Real Estate Market Report

The Monte Malaga area of Palos Verdes Estates ( area 162 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2014:

 

Properties Sold: 4

Address                      Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days on Market

1568 Granvia Altamira $1,270,000 3 3.00 1,879 $675.89 1974 SB13232694 4/10/14 145
2504 Novato PL $1,550,000 4 3.00 2,554 $606.89 1955 PV14023333 4/21/14 26
917 Via Mirada $1,740,000 5 4.00 3,364 $517.24 1964 PV14027117 4/22/14 7
1309 Via Gabriel $1,750,000 5 4.00 3,252 $538.13 1974 PV14028451 4/28/14 56
Average                 $1,577,500 4.0 3.50 2,762 $571                                                 59

Average Sales Price of homes sold during 2nd quarter: $1.6 million

 

Montemalaga

Properties for Sale as of 6/30/2014: 13 ( Equal to about 13 months inventory based upon the second quarters average of 1 sales per month ). There are 7 properties in escrow as of the end of June.  Click Here for Current Properties for Sale

 
 
Average List Price at 6/30/2014: $5.2 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 571 per sq. ft.

 
 
 
 

Properties sold at an average of 98% 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 • July 29 2014 04:18PM

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