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 3rd Quarter of 2011 :
Properties Sold: 4 (Compared to 10 homes sold last quarter )
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
27630 Longhill DR $815,000 4 2.00 1,556 $523.78 1959 V11068472 7/29/11 47
27455 Elmbridge DR $850,000 5 3.00 2,225 $382.02 1965 V11062152 7/15/11 62
4976 Silver Arrow DR $895,000 3 2.00 2,185 $409.61 1965 S11058848 8/26/11 93
27731 Longhill DR $1,155,000 5 3.00 2,440 $473.36 1966 S11093461 9/14/11 21
Average Sales Price of homes sold during 3rd quarter: $ .9 million
The Peninsula Center area had a significant decrease in sales activity during the 2nd quarter compared to only one home sold during the pri9or quarter primarily due to a large decrease in the number of listings, with only 2 properties in this area listed for sale as of the end of tghe quarter.
Properties for Sale as of 9/30/11: 2
Average List Price at 9/30/11: $ 1.0 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 447 per sq. ft.
Properties sold at an average of 94% 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.
