The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2011:
Properties Sold: 15
Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market
1520 Palos Verdes Dr.W $606,200 2 2.00 1,307 $463.81 1925 V10130459 7/15/11 154
1644 Espinosa CR $810,000 3 2.00 1,480 $547.30 1956 V11088320 8/26/11 38
2822 Palos Verdes DR $888,000 3 2.00 1,608 $552.24 1956 V11055513 8/18/11 78
2140 Via Pacheco $980,000 3 3.00 2,012 $487.08 1953 V11082386 8/17/11 22
2541 Chelsea RD $1,000,000 4 2.00 1,552 $644.33 1954 S11014554 8/12/11 121
1609 Via Garfias $1,040,000 4 3.00 2,367 $439.37 1954 V11068445 8/11/11 74
1225 Via Coronel $1,040,000 4 2.00 2,506 $415.00 1962 V11042587 8/20/11 139
1720 Via Estudillo $1,108,300 3 2.00 2,013 $550.57 1952 V11075017 8/12/11 42
2317 Chelsea Road $1,133,425 3 2.00 1,636 $692.80 1954 V11085445 8/24/11 52
2205 Rocky Point PL $1,235,000 4 2.00 2,156 $572.82 1956 S11119992 9/30/11 20
1520 Addison RD $1,399,000 4 4.00 2,620 $533.97 1966 V11058574 9/06/11 122
2820 Via Pacheco $1,625,000 4 3.00 3,132 $518.84 1972 V11085484 8/05/11 25
1504 Via Asturias $1,690,000 4 5.00 4,149 $407.33 1978 V11056192 8/19/11 107
2121 P,V. DR W $1,825,000 4 5.00 4,371 $417.52 1992 S11023326 7/21/11 87
2912 Paseo Del Mar $4,175,000 5 7.00 6,046 $690.54 1999 V11019209 8/19/11 187
Average Sales Price of homes sold during 3rd quarter: $1.4 million
Sales decreased significantly during the 3rd quarter compared to the 2nd quarter, with quarterly sales decreasing from 23 sales in the 2nd quarter to 15 sales in the 3rd quarter.
Properties for Sale as of 9/30/11: 31 ( A decreae of 6 from the 2nd quarter )
Average List Price at 9/30/11: $2.4 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 529 per sq. ft.
Properties sold at an average of 96% of List Price
The number of buyers in the market has definitely decreased over the last quarter due to the uncertainty in the economy which was made even worse during the thrid quarter with the congressional debate over extending the nation’s credit limit, and the continuing poor economic news.
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.
