La Cresta Area of Rancho Palos Verdes and Rolling Hills Estates 2nd Quarter 2011 Real Estate Market Report

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2011 :

Properties Sold: 6

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

5204 Middlecrest RD $1,195,000 4 3.00 3,696 $323.32 1979 V11039003 5/13/11 31

3 Country Meadow RD $1,500,000 4 4.00 2,869 $522.83 1979 V11019143 5/25/11 100

14 Crestwind DR $1,525,774 4 3.00 2,580 $591.39 1960 S10126682 4/29/11 137

20 Sail View AV $1,875,000 5 5.00 4,540 $413.00 1999 V11032648 6/21/11 100

32072 Pacifica Drive $2,100,000 4 5.00 4,049 $518.65 1987 V10089979 5/12/11 234

46 Santa Cruz $2,300,000 5 6.00 4,678 $491.66 1999 V11005550 5/26/11 129

Number of Properties listed for sale as of 6/30/11: 12

View from La Cresta area – Del Cerro Park

Average List Price at 6/30/11: $ 1.9 million

Average Sales Price of homes sold during 2nd quarter: $ 1.8 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 477 per sq. ft.

Properties sold at an average of 93% of List Price