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 3rd Quarter of 2012 :

Properties Sold: 11

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

25 Crestwind Dr $1,250,000 4 3.00 3,318 $376.73 1977 V11153822 7/16/12 417
9 Clear Vista DR $1,310,000 4 3.00 2,613 $501.34 1981 V12093538 9/21/12 355
21 Coveview DR $1,400,000 4 3.00 2,846 $491.92 1963 V12083109 9/03/12 13
26 Coveview DR $1,475,000 4 4.00 2,780 $530.58 1962 V12054682 9/27/12 150
50 Via Malona $1,530,000 5 5.00 4,479 $341.59 1990 V11153651 9/26/12 307
29 Santa Barbara DR $1,545,000 4 3.00 3,317 $465.78 1985 V12083895 9/20/12 57
10 Country Meadow RD $1,550,000 4 4.00 4,080 $379.90 1979 K12065501 7/06/12 115
68 Sea Breeze AV $1,599,000 4 4.00 3,727 $429.03 1999 V12041712 8/30/12 148
20 Country LN $1,950,000 5 4.00 4,250 $458.82 1983 V12073506 8/24/12 28
26 Hillcrest $2,050,000 5 5.00 4,801 $426.99 1999 V12087652 9/28/12 25
5918 Ocean Terrace DR $2,500,000 5 4.00 5,314 $470.46 1987 S12068496 8/16/12 295

Average $1,650,818 4.0 3.80 3,775 $437 174

Average Sales Price of homes sold during 3rd quarter: $ 1.7 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 9/30/12: 6, a 50% decrease from a year ago ( less than 2 months of inventory based on the average number of homes per month sold in the quarter of 4) Click Here for Current Properties for Sale

Average List Price at 9/30/12: $ 1.6 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $437 per sq. ft., a 3% decrease from the prior years comparable quarter.

Sep. 12 Aug. 12 Curnt vs. Prev Month% Change Sep. 12 Sep. 11 Curnt vs. Same Month 1 Yr Ago% Change Jul. 12 to Sep. 12 Jul. 11 to Sep. 11 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 447 455 -1.8% 447 496 -9.9% 437 451 -3.2%

Properties sold at an average of 94% 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 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.