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Palos Verdes Drive North Area of Palos Verdes Peninsula 3rd Quarter 2013 Real Estate Market Report

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

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 3rd Quarter of 2013:

Properties Sold: 15 ( a 67% increase over the 3rd quarter of 2012 )

 

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

5 Hitching Post DR            $920,000 3 2.00 1,760 $522.73 1953 PV13066067 8/23/13 85
27711 Conestoga DR      $1,029,000 3 3.00 1,870 $550.27 1956 13659299 8/27/13 145
44 Buckskin LN              $1,095,000 3 2.00 1,752 $625.00 1951 PV13075566 8/29/13 125
4449 Palos Verdes DR N   1,160,000 5 3.00 2,633 $440.56 1951 PV13116044 7/23/13 37
45 Hitching Post             $1,230,000 4 3.00 2,700 $455.56 1953 PV13078658 7/03/13 73
20 Montecillo DR            $1,250,000 3 3.00 2,243 $557.29 1961 PV13143116 9/11/13 9
4 Encanto DR                 $1,275,000 4 4.00 2,604 $489.63 1963 SB13071201 8/09/13 92
17 Gaucho                     $1,320,000 4 4.00 2,866 $460.57 1956 PV13102915 8/30/13 59
23 Dorado PL                 $1,350,000 4 3.00 2,476 $545.23 1960 PV13114595 7/18/13 18
31 Harbor Sight DR         $1,525,000 4 3.00 3,308 $461.00 1957 PV13087024 9/20/13 133
25 Pony LN                     $1,568,000 4 3.00 3,263 $480.54 1961 PV13110538 7/26/13 9
4741 Sugarhill DR            $1,650,000 4 4.00 3,048 $541.34 1962 SB13119369 7/16/13 5
4941 Rolling Meadows RD $1,675,000 4 3.00 2,905 $576.59 1954 PV13036202 9/11/13 172
4506 Sugarhill DR            $1,739,000 4 5.00 3,050 $570.16 1961 SB13154221 9/04/13 195
5 Ponderosa LN                $1,785,000 4 3.00 2,778 $642.55 1969 PV13170927 9/12/13 21
Average                           $1,371,400 4.0 3.20 2,617 $524                                           79

 

 

Properties for Sale as of 9/30/2013: 14 ( A 33% decrease 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 5 homes sold per month over the last quarter. There are 9 properties in escrow as of the end of September.

 

       
  Sep. 13 Aug. 13 Curnt vs. Prev Month % Change Sep. 13 Sep. 12 Curnt vs. Same Month 1 Yr Ago % Change Jul. 13 to Sep. 13 Jul. 12 to Sep. 12 Curnt vs. Same Qtr 1 Yr Ago % Change
For Sale 14 17 -17.6% 14 21 -33.3% 16 19 -15.8%
Sold 5 5 0% 5 2 150% 5 3 66.7%
Pended 9 7 28.6% 9 3 200% 8 3 166.7%

Average List Price at 9/30/2013: $1.7 million

 

Average Sales Price of homes sold during 3rd quarter: $ 1.4 million

Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 524 per sq. ft., a 14% increase over the comparable quarter last year.

 
 
 
 
 
       
  Sep. 13 Aug. 13 Curnt vs. Prev Month % Change Sep. 13 Sep. 12 Curnt vs. Same Month 1 Yr Ago % Change Jul. 13 to Sep. 13 Jul. 12 to Sep. 12 Curnt vs. Same Qtr 1 Yr Ago% Change
Avg. Sq. Ft. Price 558.2 519.6 7.4% 558.2 432 29.2% 523.6 458 14.3%
 
 
 

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

 

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