The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the followingreal estate market activity for single family residences during the 1st Quarter of 2015:

Properties Sold: 7, the same number sold during the 1st quarter last year

Average Sales Price of homes sold during 1st quarter: $ 2.1 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 3/31/2015: 7 ( about 3-4 months of inventory based on the average number of homes per month sold in the quarter of 2)

Average List Price at 3/31/2015: $ 2.3 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $547 per sq. ft.,

Properties sold at an average of 94% of Original List Price and took from 3 to 5 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 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.