West Palos Verdes area of Rancho Palos Verdes 4th Quarter 2012 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 4th Quarter of 2012 :

Properties Sold: 9

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

30727 Rue Valois $1,020,000 3 2.00 1,783 $572.07 1960 V12119551 11/16/12 53

7301 Via Marie Celeste $1,020,000 3 3.00 2,211 $461.33 1962 V12120432 11/01/12 5

30420 Via Victoria $1,070,000 3 3.00 2,707 $395.27 1970 S12083438 12/18/12 70

7318 Berry Hill DR $1,140,000 4 3.00 2,312 $493.08 1961 S12069190 10/02/12 105

7095 Via Del Mar $1,180,000 4 4.00 3,547 $332.68 1987 V12075622 11/16/12 133

31003 Rue Langlois $1,240,000 4 2.00 2,389 $519.05 1960 SB12136794 12/19/12 48

30136 Via Rivera $2,100,000 5 7.00 4,200 $500.00 1969 V12079368 12/03/12 121

70 Calle Cortada $2,710,000 4 5.00 4,553 $595.21 2004 S12103890 11/28/12 518

65 Via Del Cielo $4,800,000 6 8.00 8,340 $575.54 2001 V12075908 12/21/12 278

Average $1,808,889 4.0 4.10 3,560 $509 148

Average Sales Price of homes sold during 4th quarter: $ 1.8 million

Properties for Sale as of 12/31/12: 6 ( 2 months of inventory based upon the average number of homes sold per month during the last quarter ) Click Here for Current Properties for Sale

Average List Price at 12/31/12: $ 6.4 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 509 per sq. ft.

Properties sold at an average of 95% 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.