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 October 2013:

Properties Sold: 7

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

3013 WPVDR W $1,149,900 4 3.00 2,684 $428.43 1963 SB13126199 10/02/13 68

3012 Via Buena $1,240,000 4 4.00 2,744 $451.90 1969 PV13156323 10/09/13 93

1521 Addison RD $1,385,000 3 3.00 2,136 $648.41 1954 PV13177698 10/16/13 54

2649 Via Olivera $1,450,000 4 3.00 2,770 $523.47 1975 PV13182783 10/23/13 20

1221 Via Zumaya $1,478,000 5 4.00 2,938 $503.06 1975 PV13167679 10/02/13 2

1536 Espinosa CR $1,580,000 3 3.00 2,280 $692.98 1957 PV13156030 10/16/13 40

2532 Via Carrillo $1,585,000 5 5.00 2,890 $548.44 1962 PV13187780 10/30/13 35

Average $1,409,700 4.0 3.60 2,635 $536 48

Average Sales Price of homes sold during October: $1.4 million

Lunada Bay

Properties for Sale as of 10/31/2013:21 ( equal to a bit less than3 months inventory based upon average monthly sales of8 for the last 3 months). The number of homes for sale is upapprox. 17% from a year ago. Click Here for Current Properties Listed for sale.

Oct. 13 Sep. 13 Curnt vs. Prev Month % Change Oct. 13 Oct. 12 Curnt vs. Same Month 1 Yr Ago % Change Aug. 13 to Oct. 13 Aug. 12 to Oct. 12 Curnt vs. Same Qtr 1 Yr Ago% Change
For Sale 21 22 -4.5% 21 18 16.7% 20 20 0%
Sold 7 7 0% 7 6 16.7% 8 7 14.3%
Pended 6 6 0% 6 8 -25% 8 6 33.3%
Average List Price at 10/31/2013: $2.4 million

Average Price per Sq. Ft. for Properties Sold during the last 3 months endingOctober 31st: $ 582 per sq. ft. ( an approx. 11% increase from the comparable 3 month period last year )

Oct. 13 Sep. 13 Curnt vs. Prev Month % Change Oct. 13 Oct. 12 Curnt vs. Same Month 1 Yr Ago % Change Aug. 13 to Oct. 13 Aug. 12 to Oct. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 535.1 583.7 -8.3% 535.1 508.7 5.2% 582 525.9 10.7%

Properties sold at an average of 96% of List Price over the last 3 months and took about 1 to 2 months to sell

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For more information about Palos Verdes and South Bay Real Estate and buying and sellinga homeon 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.