Peninsula Center Area of Rolling Hills Estates and Rancho Palos Verdes 4th Quarter 2011 Real Estate Market Report

The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates (Area 175 in map below) had the following real estate market activity during the 4th Quarter of 2011 :

Properties Sold: 2

Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.

27509 Elmbridge DR $930,000 4 2.00 2,165 $429.56 1965 V11030733 10/14/11 210

27926 Longhill DR $1,100,000 5 3.00 2,494 $441.06 1967 V11071606 10/13/11 107

Average Sales Price of homes sold during 4th quarter: $ 1.0 million

The Peninsula Center area had low sales activity during the 4th quarter primarily due to a large decrease in the number of listings, with only 2-4 properties in this area listed for sale during the quarter.

Properties for Sale as of 12/31/11: 4

Average List Price at 12/31/11: $ .9 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 435 per sq. ft.

Properties sold at an average of 95% of List Price