Los Verdes Area of Rancho Palos Verdes 4th Quarter 2012 Real Estate Market Report

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2012 :

Properties Sold: 6

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

28822 Rothrock DR $817,000 3 2.00 1,460 $559.59 1963 V12125307 11/21/12 23

7016 Hedgewood DR $870,000 4 3.00 2,184 $398.35 1963 V12121251 12/17/12 132

6753 Verde Ridge RD $990,000 4 3.00 2,430 $407.41 1972 V12110242 12/18/12 102

29111 Golden Meadow DR $1,150,000 5 3.00 2,128 $540.41 1963 V12125280 12/06/12 34

6528 Madeline Cove DR $1,155,000 4 3.00 2,420 $477.27 1970 V12121991 11/20/12 7

28511 Hazelridge $1,275,000 4 3.00 2,485 $513.08 1963 PV12139417 12/20/12 39

Average $1,042,833 4.0 2.80 2,185 $479 56

Average Sales Price of homes sold during 4th quarter: $ 1.0 million

Los Verdes Street with Ocean View

Properties for Sale as of 12/31/12: 3 ( Between 1 and 2 months of inventory based on the average number of homes sold per month during the quarter of 2 ) Click Here for Current Properties for Sale

Average List Price at 12/31/12: $ 1.1 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 479 per sq. ft., a 19% increase over the comparable quarter last year.

Properties sold at an average of 99% of Original List Price