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 3rd Quarter of 2013 :

Properties Sold: 15

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

9 Pepper Tree LN $1,200,000 3 3.00 2,546 $471.33 2002 PV13050340 7/10/13 98

22 Hillcrest Meadows $1,306,000 4 3.00 2,733 $477.86 1991 PV13165639 9/23/13 38

5417 Middlecrest RD $1,500,000 4 5.00 3,100 $483.87 1960 PW13113556 8/16/13 22

28876 King Arthur CT $1,600,000 4 4.00 4,104 $389.86 1986 SB13120570 8/27/13

30 Via Malona $1,699,000 5 5.00 4,189 $405.59 1990 PV13087195 9/04/13 117

29 Via Malona $1,555,000 4 4.00 3,488 $445.81 1990 RS13110395 8/30/13 100

14 Country LN $1,700,000 4 4.00 3,312 $513.29 1983 PV13066929 7/08/13 36

12 Via Porto Grande $1,850,000 5 5.00 4,632 $399.40 1990 PV13081312 7/23/13 81

5408 Valley View RD $1,917,000 5 6.00 4,792 $400.04 1983 PV13094288 7/30/13 59

32 Via Costa Verde $1,960,000 5 6.00 5,630 $348.13 1990 PV13065638 7/12/13 91

17 Santa Rosa $2,100,000 4 4.00 3,286 $639.07 1999 PV13103984 8/09/13 24

25 Hillcrest Manor $2,251,500 4 5.00 4,696 $479.45 1998 SB13100849 8/28/13 76

8 Hillcrest Manor $2,275,000 5 5.00 4,586 $496.08 1999 PV13132155 8/20/13 11

45 Santa Cruz $2,650,000 4 5.00 4,511 $587.45 2001 PV13051727 9/24/13 181

5858 Ocean Terrace DR $2,998,000 5 5.00 5,350 $560.37 1988 PV13141390 9/16/13 182

Average $1,904,100 4.0 4.60 4,064 $473 88

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

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 9/30/13: 10 ( 2 months of inventory based on the average number of homes per month sold in the quarter of 5) Click Here for Current Properties for Sale

Average List Price at 9/30/13: $ 2.3 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $469 per sq. ft., a 7% increase from the prior years comparable quarter.

Sep. 13 Aug. 13 Curnt vs. Prev Month% Change Sep. 13 Sep. 12 Curnt vs. Same Month 1 Yr Ago% Change Jul. 13 to Sep. 13 Jul. 12 to Sep. 12 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 515.6 485 6.3%

515.6 446.8 15.4%

469 436.7 7.4%

Properties sold at an average of 96% 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.