Peninsula Center Area of Rolling Hills Estates and Rancho Palos Verdes 3rd 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 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