Los Verdes Area of Rancho Palos Verdes 3rd Quarter 2011 Real Estate Market Report

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2011 :

Properties Sold: 9

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

28130 Ambergate DR $645,199 4 2.00 1,786 $361.25 1970 I10130838 9/26/11 210

28046 Lomo DR $782,000 3 2.00 1,751 $446.60 1964 V10127724 7/24/11 176

6952 Grovespring DR $815,000 4 3.00 1,617 $504.02 1963 S11055019 7/05/11 14

6704 Kings Harbor DR $870,000 3 2.00 1,471 $591.43 1972 S11059510 7/10/11 57

6941 Grovespring DR $875,600 4 4.00 2,128 $411.47 1963 V11062996 9/01/11 55

28814 Cedarbluff DR $925,000 5 3.00 2,135 $433.26 1963 V11088509 9/29/11 75

7015 Starstone DR $1,050,000 4 3.00 2,246 $467.50 1963 V11058923 7/08/11 6

28111 San Nicolas DR $1,405,000 5 4.00 2,986 $470.53 1968 S11044596 9/15/11 118

28119 Lobrook DR $1,475,000 5 5.00 3,435 $429.40 1976 V11025845 7/15/11 142

Average Sales Price of homes sold during 3rd quarter: $ 1.0 million

Properties for Sale as of 9/30/11: 6

Los Verdes Street with Ocean View

Average List Price at 9/30/11: $ 1.1 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 457 per sq. ft.

Properties sold at an average of 96% of List Price