Monte Malaga Area of Palos Verdes Estates 3rd Quarter 2012 Real Estate Market Report

The Monte Malaga area of Palos Verdes Estates ( area 162 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2012:

Properties Sold: 5

Address Sales Price Bd Bth Sqft $/Sq Built ML# Sold Date Days on Market

1316 Vuelta PL $1,275,000 4 3.00 2,552 $499.61 1964 V12081817 8/28/12 51

1025 Via Nogales $1,475,000 4 3.00 2,702 $545.89 1955 V12079146 7/27/12 220

1120 Granvia Altamira $1,565,000 4 3.00 2,922 $535.59 1967 V12061763 8/21/12 39

2217 Via La Brea $2,050,000 5 5.00 4,350 $471.26 1955 V12034681 8/18/12 154

2047 Via Visalia $2,375,000 4 6.00 3,529 $673.00 2011 V12082448 9/14/12 16

Average $1,748,000 4.0 4.00 3,211 $545 96

Average Sales Price of homes sold during 3rd quarter: $1.7 million

Properties for Sale as of 9/30/12: 8 ( A decrease of 56% from last year, equal to a 4 month inventory based upon the last quarters average of 2 sales per month ). Click Here for Current Properties for Sale

Average List Price at 9/30/12: $4.7 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 542 per sq. ft. , a 23% increase from last quarter. Due to the relatively low number of homes sold during the quarter, the average price per sq. ft. for homes sold is highly dependent on the size of the homes sold during the period. Smaller homes tend to sell at a higher rice per sq. ft.

Sep. 12 Aug. 12 Curnt vs. Prev Month % Change Sep. 12 Sep. 11 Curnt vs. Same Month 1 Yr Ago % Change Jul. 12 to Sep. 12 Jul. 11 to Sep. 11 Curnt vs. Same Qtr 1 Yr Ago % Change Avg. Sq. Ft. Price 673 498 35.2% 673 402 67.4% 542 441 23.1%

Properties sold at an average of 90% of List Price