Palos Verdes homes sales for the Lunada Bay/Margate neighborhood for the first half of 2012 decreased to 29 single family homes sold in the first half of 2012 compared to 40 in the first half of 2011 – a 27% decrease. We have been experiencing a low inventory of homes to sell since the first of the year. Average sales price for Lunada Bay/Margate homes sold in the first half of 2012 increased to $1,857,241 from $1,616,298 for the first half of 2011 – a 15% increase. Price per square foot for LunadaBay/Margate houses that sold in the first half of 2012 increased to $548 from $535 in first half of 2011 – an increase of 2%. The most expensive home sold for $5,225,000 and the lowest priced home sold for $972,000. To read more about the Palos Verdes Lunada Bay neighborhood, click here...
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