La Cresta Area of RPV and RHE 2nd Qtr. 2014 Real Estate Market Report

TheLa Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the followingreal estate market activity for single family residences during the 2nd Quarter of 2014:

Properties Sold: 6

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

8 Pepper Tree LN $1,071,000 3 4.00 2,482 $431.51 2002 PV14091140 6/06/14 35
25 Oceanaire DR $1,425,000 4 3.00 2,188 $651.28 1961 PV14038267 4/14/14 50
35 Clear Vista DR $1,700,000 4 4.00 2,854 $595.66 1980 SB14043226 5/15/14 71
35 Via Costa Verde $1,822,000 5 6.00 4,632 $393.35 1990 SR14083416 6/13/14 77
26 Country Meadow RD $2,365,000 6 5.00 4,494 $526.26 1979 PV14081596 6/12/14 46
15 Hillcrest Manor $2,437,000 5 7.00 5,341 $456.28 1992 SB14040047 5/15/14 11
Average $1,803,333 5.0 4.80 3,665 $503 48

Average Sales Price of homes sold during 2nd quarter: $ 1.8 million

View from La Cresta area – Del Cerro Park

Number of Properties listed for sale as of 6/30/2014: 9 ( 4 to 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

Average List Price at 6/30/2014: $ 2.8 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $503 per sq. ft., a 1% increase from the prior years comparable quarter.