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 4th Quarter of 2013:

Properties Sold: 17

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

1740 Palos Verdes DR W $998,750 3 2.00 2,000 $499.38 1954 PV13136729 11/08/13 111
1617 Via Garfias $1,031,000 3 2.00 1,368 $753.65 1957 PV13217574 12/05/13 41
1629 Via Zurita $1,145,000 4 2.00 2,194 $521.88 1960 SB13117370 11/21/13 163
3013 W Palos Verdes DR W $1,149,900 4 3.00 2,684 $428.43 1963 SB13126199 10/02/13 68
2624 Via Olivera $1,179,000 4 3.00 3,052 $386.30 1976 OC13162498 12/12/13 82
1004 Via Romero $1,229,000 4 2.00 2,310 $532.03 1963 PV13102429 12/05/13 172
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 25
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
2124 Via Estudillo $1,800,000 4 3.00 3,352 $536.99 1975 PV13166634 11/04/13 18
2904 Via Pacheco $1,850,000 4 5.00 3,700 $500.00 1986 SB13218529 12/20/13 25
2872 Via Victoria $2,225,000 4 4.00 3,488 $637.90 1970 SB13209336 12/12/13 9
2809 Via Barri $2,850,000 6 5.00 5,952 $478.83 1981 PV13066759 12/11/13 240
253 Rocky Point RD $4,150,000 4 6.00 4,123 $1,006.55 2006 V12092277 12/31/13 439
Average $1,666,215 4.0 3.50 2,940 $568 1970 96

Average Sales Price of homes sold during 4th quarter: $1.7 million

Lunada Bay

Properties for Sale as of 12/31/2013: 13 ( equal to just over a 2 month inventory based upon average monthly sales of 6 for the quarter). The number of homes for sale is up approx. 44% from a year ago but down significantly over the last 4 months. Click Here for Current Properties Listed for sale.

Dec. 13 Nov. 13 Curnt vs. Prev Month % Change Dec. 13 Dec. 12 Curnt vs. Same Month 1 Yr Ago % Change Oct. 13 to Dec. 13 Oct. 12 to Dec. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 13 15 -13.3%

13 9 44.4%

16 14 14.3%

Sold 7 3 133.3%

7 5 40%

6 7 -14.3%

Pended 7 6 16.7%

7 4 75%

6 6 0%

Average List Price at 12/31/2013: $2.6 million

Average Price per Sq. Ft. for Properties Sold during 4th quarter: $ 561 per sq. ft. ( an approx. 5% increase from the comparable period last year )

Dec. 13 Nov. 13 Curnt vs. Prev Month % Change Dec. 13 Dec. 12 Curnt vs. Same Month 1 Yr Ago % Change Oct. 13 to Dec. 13 Oct. 12 to Dec. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 604.9 522.5 15.8%

604.9 494.4 22.4%

561.6 536.6 4.7%

Properties sold at an average of 94% of List Price

Click here for other Market Reports on my web sites

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.