The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the followingreal estate market activity for single family residences during the 2nd Quarter of 2015:
Properties Sold: 11
Average Sales Price of homes sold during 2nd quarter: $ 1.9 million
View from La Cresta area - Del Cerro Park
Number of Properties listed for sale as of 6/30/2015: 11 ( about 3 months of inventory based on the average number of homes per month sold in the quarter of 4)
Average List Price at 6/30/2015: $ 2.5 million
Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $559 per sq. ft.,
Properties sold at an average of 96% of Original List Price and took from 3 to 5 months to sell
For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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