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 the 3rd Quarter of 2015:

Properties Sold: 27

Average Sales Price of homes sold during 3rd quarter: $2.0 million

Properties for Sale as of 9/30/15: 24 (equal to 4 months inventory based upon average monthly sales of 6 homes for the 3rd quarter). The number of homes for sale is down approx. 14% from a year ago

Average List Price at 9/30/15: $2.7 million

Average Price per Sq. Ft. for Properties Sold during 3rd quarter: $ 694 per sq. ft. ( an approx. 12% increase from the comparable period last year )

Properties sold at an average of 99% of List Price and took an average of 1-2 months to sell during the 3rd Quarter.

Lunada Bay Fountain

For more Palos Verdes real estate market reports see the following link on my website: Market Reports

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.