La Cresta Area of Rancho Palos Verdes and Rolling Hills Estates 2nd Quarter 2013 Real Estate Market Report

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2013 :

Properties Sold: 6

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

31 Hillcrest Meadows $1,249,000 3 3.00 2,333 $535.36 1991 13652401 5/01/13 81

48 Country LN $ 1,875,000 6 5.00 4,080 $459.56 1979 SB13034145 5/03/13 66

12 Hillcrest $2,102,500 5 6.00 4,647 $452.44 1998 V12121556 4/01/13 187

24 Santa Barbara DR $2,200,000 4 5.00 4,269 $515.34 1987 PV13077925 6/17/13 36

50 Santa Cruz $2,800,000 4 7.00 5,772 $485.10 2002 SB13008307 4/09/13 80

32025 Sea Ridge CR $2,850,000 5 5.00 5,207 $547.34 1987 PV13041522 5/22/13 35

Average $2,179,417 5.0 5.20 4,385 $500 81

Average Sales Price of homes sold during 2nd quarter: $ 2.2 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 6/30/13: 11, a 22% increase from a year ago ( 5 months of inventory based on the average number of homes per month sold in the quarter of 2) Click Here for Current Properties for Sale

Jun. 13 May. 13 Curnt vs. Prev Month % Change Jun. 13 Jun. 12 Curnt vs. Same Month 1 Yr Ago % Change Apr. 13 to Jun. 13 Apr. 12 to Jun. 12 Curnt vs. Same Qtr 1 Yr Ago % Change For Sale 11 10 10% 11 9 22.2% 10 8 25% Sold 1 3 -66.7% 1 3 -66.7% 2 3 -33.3% Pended 7 3 133.3% 7 2 250% 4 2 100%

Average List Price at 6/30/13: $ 2.6 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $500 per sq. ft., a 8% increase from the prior years comparable quarter.

Jun. 13 May. 13 Curnt vs. Prev Month % Change Jun. 13 Jun. 12 Curnt vs. Same Month 1 Yr Ago % Change Apr. 13 to Jun. 13 Apr. 12 to Jun. 12 Curnt vs. Same Qtr 1 Yr Ago % Change Avg. Sq. Ft. Price 515.3 514.1 0.2% 515.3 470.9 9.4% 499.8 461.7 8.3%