Lunada Bay Area of PVE 3rd Quarter 2015 Real Estate Market Report

ByMaureen Megowan Knowledge, Market Reports
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

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