The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2012 :

Properties Sold: 13

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

26851 Grayslake RD $733,000 3 2.00 1,395 $525.45 1960 R12037428/31/12 19

5304 Ironwood ST $745,000 3 2.00 1,671 $445.84 1956 V12060651 9/27/12 130

5314 Montemalaga DR $750,000 3 2.00 1,780 $421.35 1962 S12057435 8/15/1210

26760 Shadow Wood DR $760,000 3 2.00 1,584 $479.80 1961 V12063901 7/31/12 67

5702 Ironwood ST$775,000 3 2.00 1,556 $498.07 1961 S12055382 7/31/12 91

26766 Basswood AV $780,000 4 2.00 1,670 $467.07 1958 V12060553 7/26/12 11

27018 Shorewood RD $780,000 3 2.00 1,598 $488.11 1958 F12056840 7/25/12 49

47 Silver Spring DR $785,000 3 2.00 1,705 $460.41 1957 V12088795 8/24/12 32

26608 Fond Du Lac RD $825,000 4 2.00 1,682 $490.49 1957 V12002940 8/16/12 197

5746 Wildbriar DR $935,000 4 2.00 2,479 $377.17 1961 V12075216 8/23/1229

5916 Clint PL $1,101,000 4 2.00 2,435 $452.16 1960 V12079385 8/21/1252

5900 Mossbank DR $1,275,000 4 4.00 2,966 $429.87 1979 S12070336 8/06/12180

Average $843,875 3.0 2.20 1,840 $462 70

verage Sales Price of homes sold during 3rd quarter: $ .8 million

Silver Spur Homes

Properties for Sale as of 9/30/12:7 , which is 50% of the number for sale this time last year ( Less than a 2 month inventory of unsold homes , especially considering that there are 10 homes in escrow as of the end of the quarter) Click Here for Current Properties for Sale

Average List Price at 9/30/12: $ 1.0 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 462 per sq. ft., a 5% increase over the comparable quarter last year

Sep. 12 Aug. 12 Curnt vs. Prev Month% Change Sep. 12 Sep. 11 Curnt vs. Same Month 1 Yr Ago % Change Jul. 12 to Sep. 12 Jul. 11 to Sep. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 486 443 9.6% 486 387 25.5% 462 439 5.2%
Properties sold at an average of 96% of List Price

For more information about Palos Verdes and South Bay Real Estate and buying and sellinga homeon 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.