Palos Verdes Drive North 1st Quarter 2009 Real Estate Market Report

The Palos Verdes Drive North area of the Palos Verdes Peninsula had the following real estate market activity during the 1st Quarter of 2009:

Properties Sold: 3

Properties for Sale as of 3/31/09: 32

Average List Price at 3/31/09: $1.6 million

Average Sales Price of homes sold during 1st quarter: $1.2 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 472 per sq. ft.

Properties sold at an average of 93% of List Price

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