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 2013:

Properties Sold: 13

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

Average $1,400,169 4.0 2.80 2,469 $567 54

Average Sales Price of homes sold during July: $1.4 million

Lunada Bay

Properties for Sale as of 7/31/2013: 17 ( 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. 11% from a year ago and down 29% 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.

Jul. 13 Jun. 13 Curnt vs. Prev Month % Change Jul. 13 Jul. 12 Curnt vs. Same Month 1 Yr Ago % Change May. 13 to Jul. 13 May. 12 to Jul. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 17 22 -22.7%

17 19 -10.5%

20 19 5.3%

Sold 13 8 62.5%

13 4 225%

10 6 66.7%

Pended 9 8 12.5%

9 8 12.5%

9 6 50%

Average List Price at 7/31/2013: $1.9 million

Average Price per Sq. Ft. for Properties Sold during the last 3 months ending July 31st: $ 552 per sq. ft. ( an approx. 3% decrease from the comparable 3 month period last year )

Jul. 13 Jun. 13 Curnt vs. Prev Month % Change Jul. 13 Jul. 12 Curnt vs. Same Month 1 Yr Ago % Change May. 13 to Jul. 13 May. 12 to Jul. 12 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 567 524 8.2%

567 595.5 -4.8%

552.1 567.3 -2.7%

Properties sold at an average of 94% of List Price over the last 3 months and took about 2 months to sell

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 https://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.