Palos Verdes Dr. N area of PV 1st Qtr. 2014 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 1st Quarter of 2014:

Properties Sold: 14( about the same as the 1st quarter of 2013 )

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

44 Dapplegray LN $930,000 2 2.00 2,022 $459.94 1951 SB14002975 2/10/14 35
94 Buckskin LN $980,000 3 3.00 1,800 $544.44 1947 PV14011297 3/28/14 48
27500 Rainbow Ridge RD $1,060,000 4 2.00 2,166 $489.38 1962 PV14015270 3/10/14 47
4623 Rollando $1,075,000 3 2.00 2,233 $481.42 1950 SB13241868 2/24/14 13
38 Montecillo DR $1,095,000 3 2.00 2,072 $528.47 1962 NP13200520 2/11/14 115
73 Buckskin LN $1,103,500 3 2.00 2,133 $517.35 1948 PV13167779 2/18/14 184
27060 Sunnyridge RD $1,230,000 4 4.00 3,400 $361.76 1955 PV13136913 1/30/14 125
27639 Eastvale RD $1,275,000 3 3.00 2,600 $490.38 1961 PV13193041 1/16/14 95
63 Buckskin LN $1,280,000 3 2.00 1,957 $654.06 1956 PV13173344 3/18/14 204
7 Santa Bella RD $1,550,000 3 3.00 3,300 $469.70 1957 V12100417 2/21/14 405
26825 Eastvale RD $1,584,000 5 4.00 3,039 $521.22 1953 PV14018284 2/27/14 178
7 Singletree LN $1,635,230 4 4.00 3,085 $530.06 1959 SB14002850 3/20/14 58
26851 Eastvale RD $1,675,000 4 3.00 2,511 $667.06 1954 PV14003021 2/11/14 36
26814 Westvale RD $1,860,000 4 3.00 2,550 $729.41 1950 PV14027970 3/25/14 318
Average                  $1,309,481 3.0 2.80 2,491 $532                                          133

Average Sales Price of homes sold during 1st quarter: $ 1.3 million

Properties for Sale as of 3/31/2014: 13 ( A 67% increase from this time last year ) Click Here for Current Properties For Sale . This is less than 3 months inventory of unsold homes based on the average number of 5 homes sold per month over the last quarter. There are 5 properties in escrow as of the end of March.

Average List Price at 3/31/2014: $1.6 million

Average Price per Sq. Ft. for Properties Sold during 1st Qtr: $ 531 per sq. ft., a 18% increase over the comparable quarter last year.

 

Mar. 14 Feb. 14 Curnt vs. Prev Month % Change Mar. 14 Mar. 13 Curnt vs. Same Month 1 Yr Ago % Change Jan. 14 to Mar. 14 Jan. 13 to Mar. 13 Curnt vs. Same Qtr 1 Yr Ago % Change Avg. Sq. Ft. Price 589.6 520.6 13.3% 589.6 428.5 37.6% 531.3 451.3 17.7%

Properties sold at an average of 95% of original List Price and took 2 to 3 months to sell