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 4th Quarter of 2012 :

Properties Sold: 6

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

28822 Rothrock DR $817,000 3 2.00 1,460 $559.59 1963 V12125307 11/21/12 23

7016 Hedgewood DR $870,000 4 3.00 2,184 $398.35 1963 V12121251 12/17/12 132

6753 Verde Ridge RD $990,000 4 3.00 2,430 $407.41 1972 V12110242 12/18/12 102

29111 Golden Meadow DR $1,150,000 5 3.00 2,128 $540.41 1963 V12125280 12/06/12 34

6528 Madeline Cove DR $1,155,000 4 3.00 2,420 $477.27 1970 V12121991 11/20/12 7

28511 Hazelridge $1,275,000 4 3.00 2,485 $513.08 1963 PV12139417 12/20/12 39

Average $1,042,833 4.0 2.80 2,185 $479 56

Average Sales Price of homes sold during 4th quarter: $ 1.0 million

Los Verdes STreet

Los Verdes Street with Ocean View

Properties for Sale as of 12/31/12: 3 ( Between 1 and 2 months of inventory based on the average number of homes sold per month during the quarter of 2 ) Click Here for Current Properties for Sale

Average List Price at 12/31/12: $ 1.1 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 479 per sq. ft., a 19% increase over the comparable quarter last year.

Dec. 12 Nov. 12 % Change Curnt vs. Prev Month Dec. 12 Dec. 11 % Change Curnt vs. Same Month 1 Yr Ago Oct. 12 to Dec. 12 Oct. 11 to Dec. 11 % Change Curnt vs. Same Qtr 1 Yr Ago
Avg. Sq. Ft. Price 464 508 -8.6%

464 334 39%

479 401 19.3%

Properties sold at an average of 99% 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.