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 4th Quarter of 2012 :

Properties Sold: 11

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

10 Pepper Tree LN $950,000 3 3.00 2,475 $383.84 2002 S12112399 10/10/12 54
28830 Crestridge RD $1,095,000 4 3.00 1,840 $595.11 1960 V12121103 10/31/12 27
49 Country Meadow RD $1,300,000 4 3.00 2,621 $495.99 1981 V12104579 10/04/12 1
28 Quarterhorse $1,400,000 5 4.00 4,149 $337.43 1981 V12079515 10/04/12 80
4 Misty Acres RD $1,450,000 4 4.00 2,889 $501.90 1979 V12104061 10/19/12 36
7 Via La Rocca $1,588,000 5 5.00 4,632 $342.83 1990 V12059217 10/22/12 166
42 Oceanaire DR $1,610,000 6 4.00 3,670 $438.69 1963 PV12131114 11/29/12 27
27 Horseshoe LN $1,640,000 4 4.00 4,036 $406.34 1979 V12121984 12/24/12 81
32 Country Meadow RD $1,800,000 5 5.00 4,092 $439.88 1979 V12066956 10/01/12 154
40 Misty Acres RD $1,840,000 5 5.00 4,000 $460.00 1979 V12101384 10/16/12 48
23 Hillcrest Manor $2,200,000 4 5.00 4,124 $533.46 1998 SB12127860 12/03/12 34
Average $1,533,909 4.0 4.10 3,503 $437 64

Average Sales Price of homes sold during 4th quarter: $ 1.5 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 12/31/12: 2, a 75% decrease from a year ago ( less than 1 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

Dec. 12 Nov. 12 % Change Curnt vs. Prev Month Dec. 12 Dec. 11 % Change Curnt vs. Same Month 1 Yr Ago Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change Curnt vs. Same Qtr 1 Yr Ago
For Sale 2 6 -66.7%

2 8 -75%

6 11 -45.5%

Sold 2 1 100%

2 1 100%

4 1 300%

Pended 5 3 66.7%

5 2 150%

4 2 100%

Average List Price at 12/31/12: $ 2.2 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $437 per sq. ft., a 10% increase from the prior years comparable quarter.

Dec. 12 Nov. 12 % ChangeCurnt vs. Prev Month Dec. 12 Dec. 11 % Change Curnt vs. Same Month 1 Yr Ago Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change Curnt vs. Same Qtr 1 Yr Ago
Avg. Sq. Ft. Price 471 439 7.3%

471 344 36.7%

437 398 9.7%

Properties sold at an average of 97% 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.