West Palos Verdes area of RPV 2nd Quarter 2014 Market Report

The West Palos Verdes area of Rancho Palos Verdes( area 170 in map below ) had the following real estate market activity for single family residences during the 2nd Quarter of 2014:

Properties Sold: 6

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

30220 Via Victoria $970,000 3 2.00 1,752 $553.65 1961 PV14075862 5/22/14 23
7265 Berry Hill DR $1,125,000 4 3.00 2,169 $518.67 1961 SB14082754 5/21/14 28
30811 Rue De La Pierre $1,220,000 4 3.00 2,478 $492.33 1969 OC14079180 6/20/14 65
30841 Via Rivera $1,375,000 3 2.00 2,206 $623.30 1960 PV14071233 5/07/14 10
30637 Rue De La Pierre $1,890,000 5 4.00 3,498 $540.31 1962 PV14087074 6/13/14 61
3 Via Del Cielo $4,000,000 4 5.00 4,932 $811.03 2006 PV14048888 4/22/14 43
Average $1,763,333 4.0 3.20 2,839 $591 38

Average Sales Price of homes sold during 2nd quarter: $ 1.8 million (The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of Palos Verdes Drive tend to be more moderately priced older homes.)

Properties for Sale as of 6/30/2014: 10 About 5 months of inventory based upon the average number of homes sold per month during the last quarter of 2 )Click Here for Current Properties for Sale

Average List Price at 6/30/2014: $ 4.4 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 591 per sq. ft.

Properties sold at an average of 99% of Original List Price