West Palos Verdes area of Rancho Palos Verdes 2nd Quarter 2013 Market Report

The West Palos Verdes area of Rancho Palos Verdes ( area 170 in map below ) had the following real estate market activity for single family residences during the 2nd Quarter of 2013 :

Properties Sold: 9

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

7287 Berry Hill DR $949,000 3 2.00 1,829 $518.86 1961 PV13034558 5/01/13 191

30918 Via Rivera $995,000 4 2.00 1,926 $516.61 1960 13648635 4/16/13 77

30917 Rue Langlois $1,200,000 4 2.00 1,926 $623.05 1960 PV13072574 6/21/13 185

30929 Via Rivera $1,204,000 3 2.00 2,064 $583.33 1960 PV13055745 5/17/13 8

30537 Rue Langlois $1,210,000 4 2.00 2,086 $580.06 1960 PV13045949 5/31/13 3

30907 Rue De La Pierre $1,350,000 5 3.00 3,069 $439.88 1969 PV13010302 4/26/13 34

30039 Via Victoria $2,700,000 5 6.00 4,400 $613.64 2012 S11044832 4/26/13 725

30150 Palos Verdes DR W $2,700,000 4 5.00 4,394 $614.47 2006 PV12153104 4/01/13 187

65 Paseo De La Luz $3,900,000 5 6.00 7,985 $488.42 2005 V11106486 4/23/13 611

Average $1,800,889 4.0 3.30 3,298 $554 225

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

Properties for Sale as of 6/30/13: 10 ( 3 months of inventory based upon the average number of homes sold per month during the last quarter of 3 ) Click Here for Current Properties for Sale

Average List Price at 6/30/13: $ 7.5 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 554 per sq. ft.

Properties sold at an average of 96% of Original List Price

Note: The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of Palos Verdes Drive tend to be more moderately priced older homes.