The Crest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the followingreal estate market activity for single family residences during the 3rd Quarter of 2015:
Properties Sold: 4
Average Sales Price of homes sold during 3rd quarter: $ 1.4 million
View from Crest area - Del Cerro Park
Number of Properties listed for sale as of 9/30/2015: 8 ( 6 months of inventory based on the average number of homes per month sold in the quarter of 1.3 ) . There are 4 properties in escrow as of the end of September.
Average List Price at 9/30/2015: $ 1.3 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $565 per sq. ft.
Properties Sold for an Average of 202% of list price during the quarter and took an average of 1 to 2 months to sell.
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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.