West Palos Verdes area of RPV 3rd 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 3rd Quarter of 2014:

Properties Sold: 9

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

30903 Rue Valois $1,095,000 3 2.00 1,926 $568.54 1960 PV14175504 9/24/14 40

30166 Via Victoria $1,180,000 3 3.00 2,240 $526.79 1961 PV14170183 9/30/14 53

30346 Via Borica $1,200,000 4 3.00 2,681 $447.59 1970 SB14176301 9/19/14 34

30333 Via Rivera $1,250,000 5 3.00 2,366 $528.32 1966 PV14137919 9/08/14 52

7307 Via Lorado $1,446,900 4 4.00 2,981 $485.37 1963 PV14119948 8/25/14 72

7050 Via Del Mar $1,500,000 4 4.00 3,115 $481.54 1987 SB14106610 7/23/14 122

30003 Via Victoria $1,599,000 2 3.00 2,586 $618.33 1990 SB14125417 9/11/14 88

7 Marguerite DR $7,000,000 6 8.00 7,778 $899.97 1999 SB14173623 8/29/14 463

39 Via Del Cielo $7,490,000 6 7.00 8,000 $936.25 2014 SB13096409 9/19/14 461

Average $2,640,100 4.0 4.10 3,741 $693 1979 154

Average Sales Price of homes sold during 3rd quarter: $ 12.6million (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 9/30/2014: 10 (About 3 months of inventory based upon the average number of homes sold per month during the last quarter of 3

Average List Price at 9/30/2014: $ 4.4 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 693 per sq. ft.

Properties sold at an average of 94% of Original List Price and took 2 to 4 months to sell during the quarter.

For more Palos Verdes real estate market reports see the following link on my website: Market Reports