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 4th Quarter of 2012:
Properties Sold: 4
Address Sales Price Bd Bth Sqft $/Sq Built ML# Sold Date Days on Market
2308 Via La Brea $1,390,000 4 3.00 2,230 $623.32 1959 S12031126 12/14/12 196
2220 Via Acalones $2,000,000 5 6.00 3,559 $561.96 2009 S12068444 12/28/12 277
939 Paseo La Cresta $2,750,000 5 5.00 4,642 $592.42 1976 PV12138228 12/19/12 39
844 Rincon LN $6,500,000 5 6.00 6,000 $1,083 2008 SB12131758 10/19/12 4
Average $3,160,000 5.0 5.00 4,108 $715 129
Average Sales Price of homes sold during 4th quarter: $3.2 million
Properties for Sale as of 12/31/12: 5 ( A decrease of 50% from last year, equal to a 5 month inventory based upon the last quarters average of 2 sales per month ). Click Here for Current Properties for Sale
Average List Price at 12/31/12: $5.0 million
Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 715 per sq. ft. 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 price per sq. ft.
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Properties sold at an average of 99% 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.
