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 2014:

Properties Sold: 11

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

1036 Via Fortuna $1,205,000 4 3.00 2,088 $577.11 1962 PV14112416 7/23/14 34
1720 Palos Verdes DR W $1,490,000 4 3.00 2,186 $681.61 1959 SB14060386 7/09/14 77
1016 Via Fortuna $1,562,144 5 3.00 2,761 $565.79 1960 PV14101966 7/03/14 52
1716 Dalton Road $1,615,000 5 3.00 3,612 $447.12 1976 SB14055049 7/23/14 128
2520 Via Olivera $1,650,000 4 3.00 3,107 $531.06 1976 PV14080882 7/31/14 73
2624 Via Carrillo $1,700,000 4 3.00 2,571 $661.22 1963 PV14135681 7/25/14 3
2845 Via Victoria $2,150,000 5 5.00 5,310 $404.90 1987 PV14125243 7/23/14 158
1560 Via Leon $2,260,000 4 3.00 3,884 $581.87 1978 14758213 7/25/14 15
2008 Zorillo PL $2,310,000 4 4.00 3,839 $601.72 1977 PV14120381 7/18/14 74
1916 Dalton RD $2,450,000 4 5.00 3,700 $662.16 2013 PV14002271 7/17/14 173
2116 Paseo Del Mar $3,850,000 5 6.00 6,168 $624.19 1954 PV14120190 7/29/14 50
Average $2,022,013 4.0 3.70 3,566 $567 76

Average Sales Price of homes sold during July 2014: $2.0 million

Lunada Bay

Properties for Sale as of 7/31/14: 29 ( equal to just over a 4 month inventory based upon average monthly sales of 7 for the quarter). The number of homes for sale is up approx. 71% from a year ago Click Here for Current Properties Listed for sale.

Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 29 28 3.6%

29 17 70.6%

27 20 35%

Sold 11 7 57.1%

11 13 -15.4%

7 10 -30%

Pended 5 14 -64.3%

5 9 -44.4%

9 9 0%

Average List Price at 7/31/14: $2.9 million

Average Price per Sq. Ft. for Properties Sold during July $ 567 per sq. ft. ( the same as last year )

Jul. 14 Jun. 14 Curnt vs. Prev Month % Change Jul. 14 Jul. 13 Curnt vs. Same Month 1 Yr Ago % Change May. 14 to Jul. 14 May. 13 to Jul. 13 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 567 600.3 -5.5%

567 567 0% 579.4 552.1 4.9%

Properties sold at an average of 98% of List Price

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.