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 3rd Quarter of 2012:

Properties Sold: 9 ( A substantial decrease over the prior quarter sales )

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

40 Encanto DR $789,000 3 2.00 1,660 $475.30 1960 S12069734 7/11/12 4
27625 Eastvale RD $865,000 3 2.00 2,052 $421.54 1956 V12070213 8/21/12 76
44 Shady Vista RD $900,000 4 3.00 2,685 $335.20 1963 S12064154 8/21/12 82
9 Dorado PL $1,066,000 4 4.00 2,487 $428.63 1960 V12050557 9/20/12 133
5 Encanto DR $1,090,000 4 3.00 2,036 $535.36 1960 V12077209 8/14/12 8
27415 Sunnyridge RD $1,105,000 3 3.00 2,538 $435.38 1959 V12088805 9/05/12 9
36 Empty Saddle LN $1,450,000 4 3.00 2,719 $533.28 1968 V12070294 8/28/12 191
46 Encanto DR $1,475,000 4 5.00 3,610 $408.59 1960 V12068102 8/07/12 46
4616 Sugarhill DR $1,920,000 4 5.00 3,502 $548.26 1959 V12057831 8/07/12 39
Average $1,184,444 4.0 3.30 2,588 $458 65

Properties for Sale as of 9/30/12: 20 Click Here for Current Properties For Sale . This is a 7 month inventory of unsold homes based on the average number of 3 homes sold per month over the last quarter. This number of months inventory level is much higher than other areas on the Palos Verdes Peninsula which are in the 2 to 3 month range.

Average List Price at 9/30/12: $1.5 million

Average Sales Price of homes sold during 3rd quarter: $ 1.2 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 458 per sq. ft., a 12% increase over the comparable quarter last year.

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 432 464 -6.8% 432 350 23.5% 458 409 11.9%

Properties sold at an average of 98% of original 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.