Crest Area of Rancho Palos Verdes and Rolling Hills Estates 1st Quarter 2013 Real Estate Market Report

The Crest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the following real estate market activity for single family residences during the 1st Quarter of 2013 :

Properties Sold: 8

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

29500 Oceanport RD $840,000 3 3.00 2,052 $409.36 1964 PV12152219 2/01/13 24

28414 Seamount DR $1,080,000 4 3.00 2,135 $505.85 1971 SB12146751 1/28/13 138

28611 Covecrest DR $942,000 4 2.00 2,096 $449.43 1966 PV13025226 3/19/13 12

5814 Scotwood DR $1,090,000 4 3.00 2,545 $428.29 1964 PV12133701 2/19/13 195

5657 Mistridge DR $1,130,000 4 4.00 2,880 $392.36 1968 V12103125 1/25/13 160

5516 Scotwood DR $1,200,000 5 3.00 3,576 $335.57 1967 PV12152468 3/26/13 153

6415 Seabryn DR $1,525,000 4 3.00 2,890 $527.68 1970 V12122130 2/20/13 126

Average $1,110,875 4.0 3.00 2,593 $429 112

Average Sales Price of homes sold during 1st quarter: $ 1.1 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 3/31/13: 4 ( Less than 2 months of inventory based on the average number of homes per month sold in the quarter ) Click Here for Current Properties for Sal

Mar. 13 Feb. 13 Curnt vs. Prev Month % Change Mar. 13 Mar. 12 Curnt vs. Same Month 1 Yr Ago % Change Jan. 13 to Mar. 13 Jan. 12 to Mar. 12 Curnt vs. Same Qtr 1 Yr Ago % Change For Sale 4 4 0% 4 3 33.3% 4 4 0% Sold 3 3 0% 3 1 200% 3 1 200% Pended 5 4 25% 5 4 25% 4 2 100%

Average List Price at 3/31/13: $ 1.1 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $429 per sq. ft.

Mar. 13 Feb. 13 Curnt vs. Prev Month % Change Mar. 13 Mar. 12 Curnt vs. Same Month 1 Yr Ago % Change Jan. 13 to Mar. 13 Jan. 12 to Mar. 12 Curnt vs. Same Qtr 1 Yr Ago% Change Avg. Sq. Ft. Price 390.8 461.5 -15.3% 390.8 382.7 2.1% 429.8 333.1 29%

Properties Sold for an Average of 96% of list price during the quarter: