Lunada Bay Area of Palos Verdes Estates 4th Quarter 2011 Real Estate Market Report

The Lunada Bay area of Palos Verdes Estates ( area 160 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2011:

Properties Sold: 15

Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market

801 Via Coronel $725,000 3 2.00 1,790 $405.03 1956 P787342 12/23/11 71

2305 Via Rivera $780,000 2 2.00 1,593 $489.64 1953 V11129793 12/15/11 64

1517 Palos Verdes Dr.W $875,000 3 2.00 1,600 $546.88 1954 V11106900 11/22/11 9

1636 Espinosa CR $875,000 3 2.00 1,389 $629.95 1954 V11025172 10/07/11 223

2809 Via De La Guerra $960,000 4 2.00 1,860 $516.13 1956 V11130910 11/23/11 36

2505 Via Rivera $975,000 3 3.00 2,387 $408.46 1954 V10076701 10/28/11 468

612 Yarmouth RD $1,051,000 3 2.00 1,661 $632.75 1955 P794279 11/08/11 11

1015 Via Palestra $1,076,000 3 2.00 2,034 $529.01 1958 V11098638 10/28/11 83

1917 Dalton RD $1,085,000 4 3.00 2,435 $445.59 1947 V11115485 11/30/11 61

2621 Via Valdez $1,280,000 5 3.00 3,357 $381.29 1973 S11087187 10/07/11 75

841 Rivera PL $1,375,000 4 4.00 4,149 $331.41 1965 V11110476 11/17/11 63

1340 Palos Verdes Dr.W $1,450,000 4 3.00 2,306 $628.79 1955 V11133189 12/28/11 70

1377 Via Romero $1,550,000 4 4.00 4,579 $338.50 1978 V11064594 10/07/11 121

2333 Via Olivera $1,680,000 4 5.00 3,432 $489.51 1971 V11109253 11/03/11 77

261 Rocky Point RD $2,950,000 5 4.00 3,500 $842.86 1956 S11115742 10/14/11 6

Average Sales Price of homes sold during 4th quarter: $1.2 million

Sales remained the same as the prior quarter

Properties for Sale as of 12/31/11: 20 ( A decreae of 11 from the end of the 3rd quarter, and a 42% decrease from the end of the prior year , and equal to an approx. 4 month inventory based upon average monthly sales of 5 for the quarter)

Average List Price at 12/31/11: $2.1 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 508 per sq. ft. ( an approx. 12% decrease from the comparable period last year )

Properties sold at an average of 96% of List Price