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 23rd Quarter of 2009 :

Properties Sold:  9

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

6 Pepper Tree LN               $990,000 3 3.00 2,359 $420 2002 S09038397 9/09/09        119

13 Pepper Tree LN             $990,000 3 4.00 2,546 $389 2002 V09074696 9/29/09          57

22 Oceanaire DR             $1,360,000 5 3.00 3,349 $406 1962 S09067181 7/29/09           7

7 Clear Vista DR              $1,400,000 4 4.00 2,889 $485 1981 V09076062 9/10/09         33

5249 Valley View RD         $1,520,000 4 4.00 4,248 $358 1983 V09075685 9/02/09         53

28 Country Meadow RD     $1,560,000 4 4.00 4,112 $379 1979 V08147021 7/23/09       282

18 San Clemente DR        $1,725,000 4 4.00 3,218 $536 1988 S09057400 7/14/09         27

10 Covered Wagon LN       $1,850,000 4 4.00 4,048 $457 1981 S09013239 7/30/09      183

16 Hillcrest Manor             $2,150,000 5 5.00 4,647 $463 1997 V09037477 7/28/09        83

Properties for Sale as of 9/30/09:  10

 
View from La Cresta area - Del Cerro Park - (Photo by Ed Shea / PVNET. )

Average List Price at 9/30/09:  $ 1.7 million

Average Sales Price of homes sold during 3rd quarter: $ 1.5 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr:   $ 432 per sq. ft.

Properties sold at an average of 95% of List Price

For more information on buying or selling real estate in the La Cresta area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com