Peninsula Center Area of Rolling Hills Estates and Rancho Palos Verdes 2nd Quarter 2011 Real Estate Market Report

The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 2nd Quarter of 2011 :

Properties Sold: 10

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

5234 Silver Arrow DR $728,000 4 2.00 1,670 $435.93 1959 V11042731 5/20/11 40

27624 Fawnskin DR $786,000 4 2.00 1,556 $505.14 1959 S11055110 6/14/11 11

27525 Halescorner RD $845,000 3 3.00 1,899 $444.97 1959 V11001565 4/06/11 8

27413 Elmbridge DR $980,000 5 3.00 2,450 $400.00 1965 S10092081 4/26/11 63

4719 Elkridge DR $980,000 5 3.00 2,812 $348.51 1965 V11015938 4/19/11 61

28012 Beechgate DR $1,009,000 4 3.00 2,447 $412.34 1967 V11055088 6/14/11 8

4813 Falcon Rock PL $1,030,000 3 2.00 2,029 $507.64 1965 V11030145 5/31/11 47

27516 Larchbluff DR $1,040,000 4 3.00 2,189 $475.10 1965 V11042182 5/12/11 8

4962 Silver Arrow DR $1,145,000 4 3.00 2,500 $458.00 1965 V11045640 6/30/11 80

27870 Longhill $1,250,000 4 3.00 2,440 $512.30 1966 V11044727 6/10/11 64

The Peninsula Center area had a significant increase in sales activity during the 2nd quarter compared to only one home sold during the pri9or quarter

Properties for Sale as of 6/30/11: 6

Average List Price at 6/30/11: $ 1.2 million

Average Sales Price of homes sold during 2nd quarter: $ 1.0 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 450 per sq. ft.

Properties sold at an average of 96% of List Price