Palos Verdes Dr. N area of PV 2nd Qtr. 2014 Real Estate Market Report

The Palos Verdes Drive North area of the Palos Verdes Peninsula ( area 165 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2014:

Properties Sold: 23 ( about a 33% increase over the 2nd quarter of 2013 )

Address Sales Price BR BA Sq.ft. $/Sq.ft Yr. Blt. MLS # Dale of Sale Days on Market

27809 Conestoga DR $890,000 4 2.00 1,486 $598.92 1956 PV14011902 4/10/14 83
26653 Westvale RD $900,000 3 2.00 1,648 $546.12 1953 PV14081763 5/23/14 28
69 Dapplegray LN $995,000 2 1.00 1,241 $801.77 1953 PV14063518 5/16/14 49
51 Hitching Post DR $1,085,000 3 3.00 2,209 $491.17 1963 PV14087102 6/10/14 37
16 Silver Saddle LN $1,100,000 3 2.00 2,244 $490.20 1953 OC14059512 4/10/14 3
30 Encanto DR $1,240,000 4 5.00 3,000 $413.33 1960 PV14033550 5/08/14 40
4227 Pascal PL $1,275,000 4 3.00 2,268 $562.17 1972 SB14073364 6/26/14 44
4147 Pascal PL $1,290,000 4 3.00 2,794 $461.70 1972 PV14058076 5/14/14 43
15 Cerrito PL $1,300,000 4 4.00 2,487 $522.72 1960 PV14021538 5/30/14 123
4219 Pascal PL $1,358,000 5 3.00 3,104 $437.50 1972 SB14053361 6/18/14 80
27330 Rainbow Ridge RD $1,365,000 4 3.00 3,119 $437.64 1960 PV14068578 4/23/14 19
4072 Rousseau LN $1,400,000 4 3.00 2,200 $636.36 1972 WS14077495 5/21/14 71
35 Shady Vista RD $1,430,000 4 4.00 2,491 $574.07 1957 SB14081589 5/30/14 39
14 Pinto LN $1,430,000 4 4.00 2,416 $591.89 1962 SB14029527 4/10/14 43
4731 Ferncreek DR $1,580,000 5 3.00 2,531 $624.26 1959 PV14049481 5/07/14 59
36 Pony LN $1,680,000 4 3.00 2,733 $614.71 1962 PV14008671 5/16/14 114
3 Branding Iron LN $2,000,000 6 4.00 4,651 $430.02 1968 PV14018671 4/04/14 36
58 Dapplegray LN $2,100,000 4 5.00 4,362 $481.43 1947 SB14054964 5/12/14 354
27143 Sunnyridge RD $2,275,000 5 7.00 5,328 $426.99 1997 SB14070427 6/18/14 93
4600 Rollando DR $2,400,000 5 5.00 4,583 $523.67 2002 PV14060015 5/20/14 82
10 Rawhide LN $2,750,000 6 6.00 4,885 $562.95 1971 PV14065118 5/23/14 54
72 Dapplegray LN $2,795,000 6 8.00 4,749 $588.54 1993 14750479 5/22/14 28
3747 N Palos Verdes DR N $2,825,000 4 4.00 3,700 $763.51 1955 SB14065092 6/12/14 177
Average $1,628,826 4.0 3.80 3,053 $533 74

Average Sales Price of homes sold during 2nd quarter: $ 1.6 million

Properties for Sale as of 6/302014: 17 ( The same as this time last year ) Click Here for Current Properties For Sale . This about 2 months inventory of unsold homes based on the average number of 8 homes sold per month over the last quarter. There are 9 properties in escrow as of the end of June.

Average List Price at 6/30/2014: $1.8 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 533 per sq. ft., a 6% increase over the comparable quarter last year.

Properties sold at an average of 97% of original List Price and took 1 to 2 months to sell