The Monte Malaga area of Palos Verdes Estates (area 162 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2015:
Properties Sold: 6
Average Sales Price of homes sold during 2nd quarter: $2.0 million
Properties for Sale as of 6/30/2015: 19 ( Equal to about 9 months inventory based upon the second quarters average of 2 sales per month ). There are 6 properties in escrow as of the end of June 2015.
Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 554 per sq. ft.
Properties sold at an average of 96% of List Price and were on average on the market for approx. 3 to 5 months
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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