The Country Club area of Rancho Palos Verdes (area 171 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.

6635 Ocean Crest DR $930,000 3 3.00 2,436 $381.77 1981 S12086866 11/09/12 76

30924 Marne DR $1,360,000 4 4.00 3,777 $360.07 1978 12607415 10/31/12 91

30000 Avenida Esplendida $1,550,000 4 4.00 3,152 $491.75 1975 V12124758 11/08/12 20

7088 Crest RD $1,649,000 4 4.00 3,667 $449.69 1969 PV12128333 11/20/12 17

31110 Marne DR $1,750,000 4 4.00 3,238 $540.46 1962 S12031414 10/12/12 203

30856 Via La Cresta $1,850,000 5 3.00 3,500 $528.57 1968 V12118873 11/26/12 102

Average $1,514,833 4.0 3.70 3,295 $459 85

Average Sales Price of homes sold during 4th quarter: $ 1.5 million

Properties for Sale as of 12/31/2012: 6 , a 14% decrease from a year ago ( 3 months of inventory based on the average number of homes sold per month in the last quarter of 2 ) Click Here for Current Properties For Sale

Average List Price at 12/31/12: $ 2.0 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 460 per sq. ft., a 15% increase from the comparable quarter last year.

Dec. 12 Nov. 12 % Change Curnt vs. Prev Month Dec. 12 Dec. 11 % Change Curnt vs. Same Month 1 Yr Ago Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change Curnt vs. Same Qtr 1 Yr Ago
Avg. Sq. Ft. Price 0 469 -100%

0 407 -100%

460 401 14.7%

Properties sold at an average of 95% of Original 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.