Palos Verdes Drive North Area of Palos Verdes Peninsula 2nd Quarter 2013 Real Estate Market Report

The Palos Verdes Drive North area of the Palos Verdes Peninsula ( area 165 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2013:

Properties Sold: 19 ( a 40% decrease over the 2nd quarter of 2012 )

Address                         Sales Price BR BA Sq.ft. $/Sq.ft Yr. Blt.  MLS #  Dale of Sale  Days on Market

28 Encanto DR                     $840,000 3 2.00 2,112 $397.73 1960 13651455     4/25/13         92

28 Sorrel LN                         $849,000 5 3.00 1,820 $466.48 1947 PV13048917 6/25/13         33

6 Ranchview RD                    $865,000 3 3.00 2,165 $399.54 1955 SB13024329 5/07/13         73

26572 Academy DR               $957,500 3 2.00 2,063 $464.13 1973 PV13005372 5/14/13        120

27411 Rainbow Ridge RD    $1,030,000 3 2.00 1,965 $524.17 1961 SB13077536 6/25/13          93

5 Aurora DR                       $1,060,000 4 4.00 2,700 $392.59 1962 PV13061538 6/20/13          42

27362 Rainbow Ridge RD    $1,100,000 3 3.00 2,398 $458.72 1960 PV13084657 6/13/13            3

27351 Rainbow Ridge RD    $1,150,000 4 4.00 2,674 $430.07 1957 P846622       4/12/13          19

10 Silver Saddle                 $1,170,000 3 3.00 1,864 $627.68 1953 PV13025438 4/16/13           56

2252 Carriage DR               $1,210,000 3 3.00 2,603 $464.85 1955 PV13035984 4/18/13           30

21 Hitching Post DR            $1,240,000 4 3.00 2,630 $471.48 1957 PV13063806 6/21/13           73

44 Shady Vista RD              $1,325,000 4 4.00 2,718 $487.49 1963 PV13024716 5/24/13           81

29 Dapplegray LN               $1,400,000 3 3.00 3,000 $466.67 1951 PV13075598 6/27/13           62

35 Club View                      $1,450,000 4 3.00 2,440 $594.26 1970 PV13067426 6/21/13           64

15 Ferncreek DR                 $1,555,000 5 3.00 3,010 $516.61 1964 SB13042710 5/24/13           37

8 Rawhide LN                      $1,600,000 5 3.00 4,008 $399.20 1970 PV13039217 5/21/13           76

49 Shady Vista RD               $1,900,000 5 4.00 3,656 $519.69 1958 PV13045878 5/07/13            2

26722 Eastvale RD              $2,250,000 4 4.00 3,000 $750.00 1958 PV13000702 5/03/13           69

3 Sunnyfield DR                  $2,400,000 4 4.00 3,652 $657.17 2010 SB13020876 4/09/13           58

Average                           $1,334,289 4.0 3.20 2,657 $501                                                       57

Properties for Sale as of 6/30/2013:  17 ( A 13% increase from this time last year ) Click Here for Current Properties For Sale . This is about a 3 month inventory of unsold homes based on the average number of 6 homes sold per month over the last quarter.

Average List Price at 6/30/2013: $1.5 million

 

Jun. 13 May. 13 Curnt vs. Prev Month % Change Jun. 13 Jun. 12 Curnt vs. Same Month 1 Yr Ago % Change Apr. 13 to Jun. 13 Apr. 12 to Jun. 12 Curnt vs. Same Qtr 1 Yr Ago % Change For Sale 17 13 30.8% 17 15 13.3% 15 14 7.1% Sold 7 7 0% 7 13 -46.2% 6 10 -40% Pended 7 6 16.7% 7 7 0% 6 6 0%

Average Sales Price of homes sold during 2nd quarter: $ 1.3 million

Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 501 per sq. ft., a 14% increase over the comparable quarter last year.

 

 

Jun. 13 May. 13 Curnt vs. Prev Month % Change Jun. 13 Jun. 12 Curnt vs. Same Month 1 Yr Ago % Change Apr. 13 to Jun. 13 Apr. 12 to Jun. 12 Curnt vs. Same Qtr 1 Yr Ago % Change Avg. Sq. Ft. Price 479.5 506.9 -5.4% 479.5 466 2.9% 501.5 440.2 13.9%

Properties sold at an average of 96% of original List Price