La Cresta Area of Rancho Palos Verdes and Rolling Hills Estates 2nd Quarter 2010 Real Estate Market Report

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 2nd Quarter of 2010 :

Properties Sold: 10

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

17 Crestwind DR $1,068,000 4 3.00 2,281 $468.22 1961 S10032539 5/05/10 7

28762 Crestridge RD $1,080,000 3 2.00 1,754 $615.74 1959 V10020897 5/04/10 13

32024 Pacifica DR $1,480,000 4 4.00 3,603 $410.77 1983 V10038309 6/11/10 64

12 San Clemente DR $1,550,000 4 4.00 2,920 $530.82 1987 V10035910 5/25/10 40

28895 King Arthur CT $1,650,000 5 4.00 3,742 $440.94 1986 V10035965 6/15/10 31

66 Sea Breeze Ave. $1,850,000 3 3.00 3,365 $549.78 1999 V10010738 6/16/10 74

43 Santa Catalina DR $2,000,000 4 4.00 3,324 $601.68 1986 V10019006 4/08/10 16

58 Via Malona $2,099,000 5 6.00 5,630 $372.82 1990 R907372 4/28/10 95

25 Santa Barbara Dr. $2,435,000 6 5.00 5,000 $487.00 1987 V10050280 6/28/10 18

6 Santa Cruz $2,540,000 5 5.00 4,511 $563.07 2000 V10021921 5/27/10 72

Properties for Sale as of 6/30/10: 11

View from La Cresta area – Del Cerro Park – (Photo by Ed Shea / PVNET. )

Average List Price at 6/30/10: $ 1.9 million

Average Sales Price of homes sold during 2nd quarter: $ 1.8 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 504 per sq. ft.

Properties sold at an average of 97% of List Price

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