Palos Verdes Drive East Area of Rancho Palos Verdes 4th Quarter 2009 Real Estate Market Report

ByMaureen Megowan Knowledge

The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2009 :

Properties Sold: 10

Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.

30438 E Palos Verdes Drive $745,000 3 3.00 1,697 $439 1960 V09109041 12/31/09 83

9 Surrey LN $750,000 3 2.00 2,019 $371 1957 S09044210 10/13/09 112

4105 Miraleste DR $795,000 3 2.00 1,820 $437 1948 V09069925 11/13/09 71

15 La Vista Verde DR $830,000 3 3.00 2,008 $413 1966 S09078121 10/16/09 72

25 Rockinghorse RD $850,000 3 2.00 1,713 $496 1953 V09093216 11/05/09 16

1 Stallion RD $860,000 3 2.00 1,609 $534 1951 V09111895 11/05/09 14

2601 Sunnyside Ridge RD $899,000 3 3.00 2,054 $438 1956 S09118852 12/11/09 5

6422 Via Colinita $1,050,000 3 3.00 2,640 $398 1974 S09082734 12/28/09 113

2443 Sunnyside Ridge RD $1,050,000 4 5.00 3,821 $275 1956 S08154445 12/07/09 318

4321 Via Frascati $1,400,000 4 4.00 3,556 $394 1972 S09087211 10/27/09 5

Properties for Sale as of 12/31/09: 19

Average List Price at 12/31/09: $ 1.6 million

Average Sales Price of homes sold during 4th quarter: $ 9 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 420 per sq. ft.

Properties sold at an average of 94% of List Price

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