Monte Malaga Area of Palos Verdes Estates 3rd Quarter 2011 Real Estate Market Report

The Monte Malaga area of Palos Verdes Estates ( area 162 in map below )had the following real estate market activity for single family residences during the 3rdd Quarter of 2011:

Properties Sold: 9 ( An increase from 6 from last quarer )

Address Sales Price BR BA Sq.ft. $/Sq.ft. Yr Blt MLS # Date of Closing Days on Market

1432 Via Cataluna $1,039,500 5 3.00 3,391 $306.55 1959 S11079780 8/09/11 7

1329 Via Gabriel $1,100,000 4 3.00 3,100 $354.84 1969 V11086527 9/28/11 76

1328 Via Margarita $1,149,000 4 3.00 2,696 $426.19 1965 V11107216 8/19/11 0

1320 Via Cataluna $1,375,000 4 3.00 3,058 $449.64 1969 V11064508 9/21/11 134

1329 Via Margarita $1,380,000 4 3.00 3,442 $400.93 1974 V11078790 8/12/11 21

1215 Granvia Altamira $1,414,000 4 4.00 2,900 $487.59 1963 V10099659 7/15/11 269

1308 Via Margarita $2,072,500 4 6.00 4,052 $511.48 2003 S11015863 7/18/11 158

2104 Via Acalones $2,500,000 5 5.00 5,002 $499.80 1961 S11013229 7 /08/11 160

2456 Via Sonoma $2,525,000 4 4.00 4,749 $531.69 2003 V11057497 7/01/11 56

Average Sales Price of homes sold during 3rd quarter: $1.6 million

Properties for Sale as of 9/30/11: 18

Average List Price at 9/30/11: $3.6 million

Average Price per Sq. Ft. for Properties Sold during 3rdd Qtr: $ 441 per sq. ft.

The price per sq. ft. for properties sold in the Monte Malaga area has decreased substantially over the last quarter. This is primarily due to the fact that the less expensive homes listed for sale are the ones being sold. This can be seen byh the fact that the average list price of homes in this area is $3.6 million, but the average price of a home sold in this area during the 3rd quarter was only $1.6 million.

Properties sold at an average of 96% of List Price