The Crest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2012 :

Properties Sold: 8

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

28520 Coveridge DR $874,188 3 3.00 1,985 $440.40 1972 V12112451 10/23/12 12
28315 Coveridge DR $950,000 4 3.00 2,212 $429.48 1972 SB12140924 12/31/12 35
28704 Covecrest $998,000 4 3.00 2,639 $378.17 1966 PV12139470 12/28/12 38
6110 Scotmist DR $1,008,000 4 3.00 2,374 $424.60 1964 V12122252 11/23/12 56
29000 Firthridge RD $1,020,000 4 3.00 2,166 $470.91 1967 V12116249 11/27/12 31
5640 Whitecliff DR $1,100,000 5 5.00 2,866 $383.81 1965 V12101539 10/05/12 41
29520 Oceanport RD $1,120,000 5 3.00 2,468 $453.81 1964 V12119556 11/14/12 40
5943 Peacock Ridge RD $1,279,365 4 3.00 3,084 $414.84 1979 V12047175 10/22/12 145

Average $1,043,694 4.0 3.30 2,474 $425 50

Dec. 12 Nov. 12 % ChangeCurnt vs. Prev Month Dec. 12 Dec. 11 % Change Curnt vs. Same Month 1 Yr Ago Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change Curnt vs. Same Qtr 1 Yr Ago
For Sale 6 4 50%

6 4 50%

5 5 0%
Sold 2 3 -33.3%

2 2 0% 3 2 50%

Pended 4 1 300%

4 0 N/A 3 1 200%

Average Sales Price of homes sold during 4th quarter: $ 1.0 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 12/31/12: 6 ( 2 months of inventory based on the average number of homes per month sold in the quarter ) Click Here for Current Properties for Sal

Average List Price at 12/31/12: $ 1.2 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $423 per sq. ft.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Dec. 12 Nov. 12 % Change Dec. 12 Dec. 11 % Change Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change
Avg. Sq. Ft. Price 402 449 -10.6%

402 403 -0.4%

423 387 9.1%

Properties Sold for an Average of 98% of list price during the quarter:

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.