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Lunada Bay Area of PVE August 2014 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 August 2014:

Properties Sold: 8

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

1137 Via Coronel $1,150,000 3 2.00 1,741 $660.54 1957 OC14125087 8/29/14 70

2809 Via Rivera $1,515,000 4 3.00 2,634 $575.17 1967 PV14137018 8/01/14 11

2920 Via Pacheco $1,600,000 4 4.00 2,700 $592.59 1964 PV14106796 8/14/14 85

2568 Via Sanchez $1,708,000 5 4.00 3,988 $428.28 1977 PV14107580 8/27/14 337

1609 Margate RD $1,735,000 4 3.00 2,977 $582.80 1957 PV14131870 8/01/14 31

1412 Via Davalos $2,300,000 5 5.00 4,480 $513.39 1978 SB14131100 8/07/14 9

1533 Via Leon $3,180,000 6 5.00 5,440 $584.56 1977 PV14126105 8/14/14 58

229 Rocky Point RD $4,300,000 4 4.00 3,261 $1,318.61 1958 PV14113905 8/08/14 8

Average                          $2,186,000 4.0 3.80 3,403 $642 1967                               76

 

 

Average Sales Price of homes sold during August 2014: $2.2 million

Lunada Bay

Properties for Sale as of 8/31/14: 23 ( equal to between 2 and 3 months inventory based upon average monthly sales of 9 for the quarter). The number of homes for sale is up approx. 44% from a year ago Click Here for Current Properties Listed for sale.

 
 
 
 
 
 
 
       
  Aug. 14 Jul. 14 Curnt vs. Prev Month % Change Aug. 14 Aug. 13 Curnt vs. Same Month 1 Yr Ago % Change Jun. 14 to Aug. 14 Jun. 13 to Aug. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 23 29 -20.7% 23 16 43.8% 27 18 50%
Sold 8 11 -27.3% 8 9 -11.1% 9 10 -10%
Pended 9 5 80% 9 11 -18.2% 9 9 0%    
 
 
 
 

Average List Price at 8/31/14: $3.1 million

Average Price per Sq. Ft. for Properties Sold over the last 3 months was $ 599 per sq. ft. up 5% over the comparable period last year.

 
 
 
 
 
 
  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Aug. 14 Jul. 14 % Change Aug. 14 Aug. 13 % Change Jun. 14 to Aug. 14 Jun. 13 to Aug. 13 % Change
Avg. Sq. Ft. Price 642.4 567 13.3% 642.4 617 4.1% 599.2 570.5 5%
 

Properties sold at an average of 98% of List Price

 

Lunada Bay Fountain

 

 

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 1 commentMaureen Megowan • September 16 2014 01:18PM

Comments

Maureen - Your real estate market reports for the Lunada Bay Area of Palos Verdes Estates (PVE) are always loaded with great data and market information. I hope buyers and sellers call you for more insight and put your years of experience to work for them!

Posted by Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com, Tahoe Real Estate Agent Helping Buyers and Sellers (Coldwell Banker, Tahoe City, CA (530) 414-1260) almost 4 years ago

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