Crest Area of RPV / RHE 3rd Quarter 2014 Real Estate Market Report

TheCrest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the followingreal estate market activity for single family residences during the 3rd Quarter of 2014:

Properties Sold: 7

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

29625 Whitley Collins DR $850,000 4 2.00 1,697 $500.88 1967 SW14130386 8/25/14 21

5606 Sunmist DR $1,100,000 5 3.00 2,468 $445.71 1965 PV14142911 8/21/14 23

5714 Whitecliff DR $1,218,000 5 3.00 2,468 $493.52 1964 SB14157849 9/04/14 59

28744 Covecrest DR $1,280,000 4 3.00 2,244 $570.41 1968 PV14096944 7/16/14 62

29289 Whitley Collins DR $1,428,000 5 3.00 2,468 $578.61 1963 PV14153816 9/02/14 19

6237 Scotmist DR $1,471,916 4 3.00 3,008 $489.33 1968 PV14126045 7/30/14 11

28920 Newstar DR $1,560,000 5 4.00 2,916 $534.98 1967 SB14089938 7/01/14 7

Average $1,272,559 5.0 3.00 2,467 $513 1966 29 72

View fromCrest area – Del Cerro Park

Number of Properties listed for sale as of 9/30/2014: 7 ( 3 months of inventory

based on the average number of homes per month sold in the quarter of2 )

Average List Price at 9/30/2014: $ 1.2 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $513 per sq. ft.,

a 7% increase over last years comparable quarter.

Properties Sold for an Average of 102% of list price during the quarter:

For more Palos Verdes real estate market reports see the following link on my website:Market Reports