Lunada Bay Area of Palos Verdes Estates August 2013 Real Estate Market Report

The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during July and August 2013:

Properties Sold in July and August: 22

Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market

1748 Palos Verdes DR W $900,000 4 2.00 1,522 $591.33 1954 SR13073967 7/22/13 46

1525 Palos Verdes DR W $925,000 3 2.00 1,388 $666.43 1954 SB13108603 7/30/13 7

2132 Via Rivera $995,000 3 2.00 1,616 $615.72 1958 PV13114994 7/31/13 39

1709 Espinosa CR $1,085,000 3 2.00 1,583 $685.41 1956 SB13083138 7/16/13 66

1732 Palos Verdes DR W $1,120,000 3 2.00 1,873 $597.97 1955 SB13088659 7/12/13 10

2124 Via Rivera $1,159,000 3 2.00 1,813 $639.27 1954 PV13110178 7/16/13 24

1517 Espinosa CR $1,197,000 4 3.00 2,141 $559.08 1958 PV13095706 7/05/13 31

2541 Via Sanchez $1,300,000 5 3.00 3,300 $393.94 1980 SB13066020 7/02/13 20

2129 W Palos Verdes DR $1,417,500 4 4.00 3,437 $412.42 1956 PV13056121 7/29/13 108

1539 Via Coronel $1,503,700 5 5.00 4,234 $355.15 1978 PV13051477 7/23/13 113

228 Rocky Point RD $1,525,000 4 3.00 2,198 $693.81 1956 SB13072208 7/18/13 80

2805 Via Alvarado $1,550,000 4 2.00 2,446 $633.69 1962 SB13036137 7/09/13 130

3000 Paseo Del Mar $3,525,000 4 5.00 4,550 $774.73 2012 PV13065055 7/31/13 31

617 Avenida Mirola $1,238,250 3 2.00 1,750 $707.57 1994 PV13098681 8/16/13 81

2510 Palos Verdes Drive W $1,350,000 3 3.00 2,019 $668.65 1957 PV13132122 8/29/13 25

1541 Via Leon $1,579,000 4 4.00 3,620 $436.19 1977 SB13056983 8/01/13 121

3009 Via Victoria $1,695,000 5 4.00 3,257 $520.42 1967 PV13121815 8/27/13 63

1136 Via Zumaya $1,700,000 4 4.00 3,233 $525.83 1973 PV13115423 8/19/13 63

1412 Via Coronel $1,770,000 4 3.00 3,195 $553.99 1976 PV13075556 8/06/13 94

838 Rivera PL $2,150,000 4 3.00 3,100 $693.55 1966 SB13061331 8/28/13 127

1744 Paseo Del Mar $2,780,000 4 5.00 4,526 $614.23 2001 SB13050956 8/09/13 135

1700 Rico PL $3,200,000 5 5.00 3,600 $888.89 1965 SB13056091 8/06/13 100

Average $1,621,111 4.0 3.20 2,746 $601 69

Average Sales Price of homes sold during July and August: $1.6 million

Properties for Sale as of 8/31/2013: 16 ( equal to a bit less than 2 months inventory based upon average monthly sales of 10 for the last 3 months). The number of homes for sale is down approx. 20% from a year ago and down 33% since peaking at 24 homes for sale in April after averaging only 9 homes on the market for the previous 4 months. Click Here for Current Properties Listed for sale.

Aug. 13 Jul. 13 Curnt vs. Prev Month % Change Aug. 13 Aug. 12 Curnt vs. Same Month 1 Yr Ago % Change Jun. 13 to Aug. 13 Jun. 12 to Aug. 12 Curnt vs. Same Qtr 1 Yr Ago % Change For Sale 16 17 -5.9% 16 20 -20% 18 19 -5.3% Sold 9 13 -30.8% 9 10 -10% 10 7 42.9% Pended 12 9 33.3% 12 3 300% 10 5 100%

Average List Price at 8/31/2013: $2.6 million

Average Price per Sq. Ft. for Properties Sold during the last 3 months ending August 31st: $ 571 per sq. ft. ( an approx. 6% increase from the comparable 3 month period last year )

Aug. 13 Jul. 13 Curnt vs. Prev Month % Change Aug. 13 Aug. 12 Curnt vs. Same Month 1 Yr Ago % Change Jun. 13 to Aug. 13 Jun. 12 to Aug. 12 Curnt vs. Same Qtr 1 Yr Ago % Change Avg. Sq. Ft. Price 617 567 8.8% 617 511.3 20.7% 570.5 539.3 5.8%

Properties sold at an average of 93% of List Price over the last 3 months and took about 2 months to sell

Click here for other Market Reports on my web sites