The La Cresta area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008:

Properties Sold: 3

Properties for Sale as of 12/31/08: 15

Average List Price at 12/31/08: $1.8 million

Average Sales Price of homes sold during 4th quarter: $1.9 million

View from La Cresta
View from La Cresta area – Del Cerro Park – (Photo by Ed Shea / PVNET. )

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 507 per sq. ft.

Properties sold at an average of 95% of List Price

For more information about the La Cresta area and Properties for Sale on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com

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.