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 4th Quarter of 2013:

Properties Sold: 8

Address Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days on Market

1500 Granvia Altamira $985,000 3 2.00 1,755 $561.25 1962 SB13182555 10/18/13 1

2209 Via Fernandez $1,125,000 3 2.00 2,192 $513.23 1957 PV13173061 12/30/13 126

2440 Via Sonoma $1,355,000 3 2.00 2,427 $558.30 1956 PV13177829 11/26/13 82

1201 Via Gabriel $1,465,000 4 3.00 2,954 $495.94 1963 PV13090588 11/13/13 125

6039 Sandbrook DR $1,490,000 4 4.00 3,731 $399.36 1990 IN13098514 12/26/13 195

1301 Via Cataluna $1,568,000 4 3.00 2,408 $651.16 1966 PV13194214 12/03/13 93

1528 Via Martinez$2,875,000 5 6.00 4,542 $632.98 2001 PV13214708 12/27/13 54

999 Paseo La Cresta $6,200,000 7 8.00 10,484 $591.38 1999 PV13040079 11/26/13 416

Average $2,132,875 4.0 3.80 3,812 $550 1974 138

Average Sales Price of homes sold during 4th quarter: $3.1 million

Montemalaga

Properties for Sale as of 12/31/2013: 10 ( Equal to a bit more than 2 months inventory based upon the last quarters average of 4 sales per month ). Click Here for Current Properties for Sale

Average List Price at 12/31/2013: $6.1 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 558 per sq. ft.

Properties sold at an average of 95% of List Price

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.