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 2012 :

Properties Sold: 13 ( A large increase from the 7 homes sold last quarter )

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

27936 Alvarez DR $729,000 3 2.00 1,434 $508.37 1962 S12088538 9/05/12 124
6750 Verde Ridge RD $770,000 4 2.00 1,672 $460.53 1972 F12077124 7/18/12 6
6602 Monero DR $790,000 3 2.00 1,914 $412.75 1962 S12001656 9/06/12 141
6411 Monero DR $815,000 3 2.00 1,434 $568.34 1962 S12077148 9/13/12 71
6334 Rio Linda DR $850,000 3 2.00 1,434 $592.75 1962 V12088410 8/21/12 17
6611 Monero DR $850,000 4 2.00 1,816 $468.06 1962 C12068717 7/17/12 28
29204 Golden Meadow DR $860,000 4 2.00 1,887 $455.75 1963 V12038832 9/14/12 128
6616 Monero $870,000 3 2.00 1,934 $449.84 1962 V12084823 9/20/12 44
6616 Madeline Cove DR $900,000 3 2.00 1,925 $467.53 1971 S12055296 7/12/12 76
28033 Lomo DR $910,000 4 2.00 2,029 $448.50 1963 S12051216 7/25/12 131
7026 Clovercliff DR $950,000 4 3.00 2,478 $383.37 1963 V12099468 9/18/12 109
6233 Monero DR $ 1,000,000 4 3.00 2,197 $455.17 1962 V12063685 7/31/12 32
6711 Kings Harbor DR $1,105,000 5 4.00 2,788 $396.34 1971 S12097922 9/13/12 28
Average $876,846 4.0 2.30 1,919 $460 72

Average Sales Price of homes sold during 3rd quarter: $ .9 million

Los Verdes STreet

Los Verdes Street with Ocean View

Properties for Sale as of 9/30/12: 4 ( Between 1 and 2 months of inventory based on the average number of homes sold per month during the quarter of 3 ) Click Here for Current Properties for Sale

Average List Price at 9/30/12: $ .1.0 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 460 per sq. ft., a 1.5% increase over the comparable quarter last year.

Sep. 12 Aug. 12 Curnt vs. Prev Month % Change Sep. 12 Sep. 11 Curnt vs. Same Month 1 Yr Ago % Change Jul. 12 to Sep. 12 Jul. 11 to Sep. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 441 593 -25.6% 441 426 3.5% 460 453 1.5%

Properties sold at an average of 98% 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.