La Cresta Area of Rancho Palos Verdes and Rolling Hills Estates 2nd Quarter 2012 Real Estate Market Report

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

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2012 :

Properties Sold:  9

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

34 Pepper Tree LN         $835,000 2 3.00 2,359 $353.96 2002 S12018984 4/03/12               79

24 Hillcrest Meadow     $1,079,999 3 3.00 2,346 $460.36 1991 S12049580 5/14/12                8

27 Santa Barbara DR   $1,430,000 4 4.00 2,920 $489.73 1986 S12009342 4/09/12               34

10 Crestwind DR          $1,547,000 4 4.00 3,513 $440.36 1960 V12039268 6/01/12              66

60 Sea Breeze             $1,686,750 4 4.00 3,727 $452.58 1999 V11156834 4/04/12             302

4 Santa Cruz               $1,845,000 5 5.00 4,005 $460.67 2000 V11121736 5/04/12              214

86 Sea Breeze AV        $1,970,000 5 5.00 4,000 $492.50 1999 V12022844 4/27/12               68

41 Santa Barbara DR    $2,000,000 5 5.00 3,841 $520.70 1985 V12013456 6/04/12             109

27 Sail View AV            $2,100,000 5 5.00 4,637 $452.88 1999 V12054314 6/08/12                3

Average                       $1,610,417 4.0 4.20 3,483 $458                                         98

 

Average Sales Price of homes sold during 2nd quarter: $ 1.6 million

 

View from La Cresta area - Del Cerro Park

Number of Properties listed for sale as of 6/30/12: 9 ( 3 months of inventory based on the average number of homes per month sold in the quarter of 3)  Click Here for Current Properties for Sale

 

 

   

 

Average List Price at 6/30/12:  $ 1.9 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr:   $462 per sq. ft.

 
 
 
 
 
       
  Jun. 12 May. 12 Curnt vs. Prev Month % Change Jun. 12 Jun. 11 Curnt vs. Same Month 1 Yr Ago % Change Apr. 12 to Jun. 12 Apr. 11 to Jun. 11 Curnt vs. Same Qtr 1 Yr Ago % Change
Avg. Sq. Ft. Price 471 461 2.3% 471 413 14% 462 477 -3.2%

Properties sold at an average of 94% of Original  List Price

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