Palos Verdes Drive East Area of Rancho Palos Verdes 1st Quarter 2012 Real Estate Market Report

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Real Estate Agent with Remax Estate Properties - BRE #01368971 DRE #01368971

The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below )had the following real estate market activity for single family residences during the 1st Quarter of 2012 :

Properties Sold:  8

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

 

4068 Miraleste DR           $770,000 3 3.00 1,890 $407.41 1960                11570555 2/28/12                     80

6405 Via Canada             $799,000 2 2.00 1,375 $581.09 1937              V11074216 1/09/12                   147

9 La Vista Verde DR         $850,000 4 3.00 2,258 $376.44 1962              S11140209 3/23/12                   136

4 Stirrup RD                     $945,000 4 4.00 2,800 $337.50 1956              V11096543 2/22/12                   199

8 La Vista Verde DR       $1,100,000 4 4.00 3,973 $276.87 1996              S12008060 3/16/12                   359

2251 Daladier DR          $1,110,000 4 4.00 3,125 $355.20 1972               V11159478 2/01/12                   54

0 Rockinghorse RD        $1,275,000 4 3.00 3,047 $418.44 1957               V11141370 3/12/12                  123

3324 Crownview DR      $2,425,000 7 7.00 6,000 $404.17 1995               V11126741 3/16/12                  175

 

Average                        $1,159,250 4.0 3.80 3,059 $395                                                        159

 

Average Sales Price of homes sold during 1st quarter: $ 1.2 million

 

Properties for Sale as of 3/31/2012:  18  ( 6 months inventory based upon the average of 3 homes sold per month during the quarter ). The number of homes in escrow as of 3/31/12 has increased substantially, however,  to 10 homes.  Click Here for Current Properties for Sale

 

Average List Price at 3/31/12:  $ 1.3 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $ 395 per sq. ft.

Properties sold at an average of 93% of List Price

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