PV Dr. South Area of RPV 2nd Quarter 2014 Real Estate Market Report

The Palos Verdes Dr. South area of Rancho Palos Verdes(area 169 in map below )had the following real estate market activity for single family residences during the2nd Quarter of 2014:

Properties Sold: 5

Address Price Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market

6529 Beachview DR $1,025,000 3 3.00 2,447 $418.88 1987 SB13235045 5/06/14 134
3355 Palo Vista DR $2,650,000 5 5.00 5,442 $486.95 1990 PV13198996 5/15/14 182
2990 Twin Harbors View DR $3,800,000 4 6.00 6,208 $612.11 2005 S09132188 6/04/14 1,468
5500 Palos Verdes DR S $4,275,000 5 4.00 5,000 $855.00 1929 PV14019196 5/01/14 323
6490 Sea Cove DR $4,680,000 5 7.00 7,200 $650.00 1989 PV14036969 5/23/14 64
Average $3,286,000 4.0 5.00 5,259 $625 434

Average Sales Price of homes sold during2nd quarter: $ 3.3 million

Properties for Sale as of 6/30/20146 , equal to3 months of inventory at the average number of homes sold each month in the last quarter of 2 ) Click Here for Current Properties for Sale

Average List Price at 6/30/2014: $2.9 million

Average Price per Sq. Ft. for Properties Sold during2nd Qtr: $625 per sq. ft.

Properties sold at an average of 90% of List Price