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 2012 :

Properties Sold: 5

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

29916 Avenida Magnifica $985,000 4 3.00 2,828 $348.30 1962 H12025375 8/17/12 249

6823 Faircove $1,169,350 4 3.00 2,875 $406.73 1967 V12023172 7/20/12 106

29413 Seaspray DR $1,185,000 4 3.00 2,968 $399.26 1966 V12079097 8/21/12 88

6968 Alta Vista DR $2,330,000 6 6.00 4,865 $478.93 1981 V12051427 9/06/12 136

31018 Marne DR $3,815,000 5 6.00 6,002 $635.62 2004 V12060693 8/31/12 102

Average $1,896,870 5.0 4.20 3,908 $454 136

Average Sales Price of homes sold during 3rd quarter: $ 1.9 million

Properties for Sale as of 9/30/2012: 4 , a 69% decrease from a year ago ( 2 to 3 months of inventory based on the average number of homes sold per month in the last quarter of 3 ) Click Here for Current Properties For Sale

Average List Price at 9/30/12: $ 2.1 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 454 per sq. ft., an 18% increase from the comparable qaurter 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 479 507 -5.6% 479 381 25.6% 481 409 17.7%

Properties sold at an average of 93% of Original List Price

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on 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.