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The number of homes listed for sale in the City of Palos Verdes Estates during 2011 has been relatively steady, averaging 78 homes. The average number of homes sold per month during this same period has also been very steady, averaging 15 sales per month, however the average monthly number of homes sold during the last quarter was down to 12. This equates to approx. 7 months of inventory. The average price per square foot over the last 3 months has been $503 per sq. ft., a decrease of 4% over [...]

After making a strong comeback in the average price per sq. ft. of homes sold in Rolling Hills Estates for the previous quarter, the most recent quarter showed a 20% decline in price per sq. ft. for properties sold. It also is an approx. 10% drop from the comparable quarter a year ago. Because of the relatively small number of monthly sales, the average monthly price per sq. ft. for this city is highly dependent on the type of homes sold during the month. Curnt vs. Prev Month Curnt vs. Same [...]

The Eastview area of Rancho Palos Verdes ( area 177 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2011 : Properties Sold: 13 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 1854 W Crestwood ST $525,000 3 2.00 1,457 $360.33 1956 S11045899 9/21/11 137 2183 Fairhill DR $540,000 3 2.00 1,702 $317.27 1955 P765822 8/26/11 149 2145 W Summerland ST $545,000 3 2.00 1,250 $436.00 1955 S11055898 7/27/11 64 2108 W Macarthur ST $600,000 [...]

The real estate market in the City of Rancho Palos Verdes has not only stabilized but appears to be on an upward trend. Although average price per square foot appears to be very consistent over the last six months, even kicking up in September, the level of inventory of homes for sale is down and the average number of homes sold over the last 3 months has also increased. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Sep. 11 Aug. 11 [...]

Third Quarter 2011 Market Analysis for Palos Verdes Peninsula Condos and Townhomes The average price per sq. ft. for townhomes and condos on the Palos Verdes Peninsula has fallen approx. 7% compared to the third quarter of last year. Prices in a few projects , such as the Palos Verdes Bay Club have fallen more than this. Pricing has improved for condos and townhomes during the third quarter of 2011 after dropping significantly during the prior quarter. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same [...]

The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 3rd Quarter of 2011 : Properties Sold: 4 (Compared to 10 homes sold last quarter ) Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 27630 Longhill DR $815,000 4 2.00 1,556 $523.78 1959 V11068472 7/29/11 47 27455 Elmbridge DR $850,000 5 3.00 2,225 $382.02 1965 V11062152 7/15/11 62 4976 Silver Arrow DR $895,000 3 2.00 2,185 $409.61 1965 S11058848 [...]

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2011 : Properties Sold: 9 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 28130 Ambergate DR $645,199 4 2.00 1,786 $361.25 1970 I10130838 9/26/11 210 28046 Lomo DR $782,000 3 2.00 1,751 $446.60 1964 V10127724 7/24/11 176 6952 Grovespring DR $815,000 4 3.00 1,617 $504.02 1963 S11055019 7/05/11 14 6704 Kings Harbor DR $870,000 3 2.00 [...]

The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2011 : Properties Sold: 9 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 6307 S Sattes DR $1,099,000 4 6.00 3,176 $346.03 1977 P780556 9/20/11 62 7229 Crest RD $1,100,000 3 3.00 2,908 $378.27 1971 C11065042 8/17/11 78 30246 Matisse DR $1,250,000 4 4.00 3,744 $333.87 1973 V11066928 7/01/11 37 30110 Avenida Esplendida $1,380,000 4 [...]

The real estate market in the City of Rancho Palos Verdes has not only stabilized but appears to be on an upward trend. Average price per square foot appears to be very consistent over the last six months, even kicking up in September and October,the level of inventory of homes for sale is downsignificantlyand the average number of homes sold over the last 3 months has also increased over the comparable period last year. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr [...]

Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2011: Properties Sold: 4 Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market 9 Bowie RD $1,250,000 3 2.00 1,916 $652.40 1961 V11077063 8/25/11 56 1 Meadowlark LN $1,575,000 3 3.00 2,817 $559.11 1940 S11071954 8/12/11 37 1 Chestnut LN $3,000,000 4 5.00 4,320 $694.44 2009 S11048684 7/15/11 92 7 E Ringbit RD $3,350,000 4 4.00 3,672 $912.31 2000 [...]

After moving to record low levels , interest rates bumped up a small bit last week. With the volatility in the stock market expected to continue, the flight to safety and bonds is expected to continue, keeping interest rates down The following are some excerpts from this week's newsletter on interest rates from HSH Associates : "Although the economic data out this week couldn't easily be characterized as "great", the collective tenor of the available reports was arguably the most solid in some time, lending at least a little hope that [...]

The Palos Verdes Dr. South area of Rancho Palos Verdes (area 169 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2011 : Properties Sold: 8 Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market 6172 Arrowroot LN $840,000 4 3.00 2,276 $369.07 1962 V11071978 7/18/11 34 4014 Admirable DR $850,000 4 4.00 2,302 $369.24 1959 S10077960 8/26/11 0 4105 Sea Horse LN $895,000 4 2.00 1,728 $517.94 1956 V11078746 8/13/11 58 15 Barkentine [...]

The Palos Verdes Drive North area of the Palos Verdes Peninsula ( area 165 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2011: Properties Sold: 8 ( Down significantly from the 14 sold during the previous quarter ) Address Sales Price BR BA Sq.ft.$/Sq.ft Yr. Blt. MLS # Dale of Sale Days on Market 27613 Conestoga Dr $1,055,000 3 2.00 2,594 $406.71 1957 V11091967 9/23/11 40 27610 Eastvale RD $1,161,000 5 4.00 4,049 $286.74 1970 P786819 9/21/11 75 4 Celeste [...]

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 2011 : Properties Sold: 13 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 5466 Eau Claire DR $755,000 3 2.00 1,612 $468.36 1958 S11032403 7/14/11 64 26743 Menominee PL $785,000 3 2.00 1,629 $481.89 1960 S11052802 7/01/11 14 5411 Whitefox DR $792,000 4 3.00 1,983 $399.39 1956 R1103804 7/29/11 10 26716 Menominee [...]

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 [...]