La Cresta Area of RPV and RHE 3rd 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 3rd Quarter of 2014:

Properties Sold: 7

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

17 Pepper Tree LN $1,060,000 3 3.00 2,546 $416.34 2002 SB14098092 8/29/14 78

5809 Ocean Terrace DR $1,575,000 4 4.00 3,467 $454.28 1981 PV14114795 8/25/14 72

55 Misty Acres RD $1,750,000 4 4.00 3,189 $548.76 1980 PV14108889 7/01/14 28

23 Oceanaire DR $1,775,000 5 3.00 2,804 $633.02 1961 SB14113904 7/23/14 7

25 Country Meadow RD $2,301,888 4 3.00 3,437 $669.74 1979 SB14177803 9/26/14 13

15 Coveview DR $2,350,000 4 3.00 3,366 $698.16 1964 PV14113784 7/02/14 27

45 Santa Catalina DR $2,750,000 5 5.00 4,572 $601.49 1987 PV14132267 7/25/14 32

Average $1,937,413 4.0 3.60 3,340 $575 1979 37

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 9/30/2014: 10 ( about 3 months of inventory based on the average number of homes per month sold in the quarter of 3)

Average List Price at 9/30/2014: $ 2.4 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $575 per sq. ft.,

For more Palos Verdes real estate market reports see the following link on my website: Market Reports