Monte Malaga neighborhood real estate and home sales report for Palos Verdes Estates, CA in February 2012.

Homes for sale: 12 Homes are available priced from $1,050,000 to $10,500,000.

Pending sales: Two homes are in escrow in Monte Malaga priced at $2,375,000 and $3,299,000.

February sales: 3 Homes sold in Feb. 2012:

Homes for sale in Monte Malaga currently.

Monte Malaga neighborhood real estate and home sales report for Palos Verdes Estates, CA in January 2012.

Homes for sale: 14 Homes are listed for sale in the Monte Malaga area priced from $950,000 to $5,500,000.

Pending sales: 4 Homes are in escrow priced from $849,950 to $3,299,000.

January sales: Two homes sold in Jan. 2012:

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 4th Quarter of 2011:

Properties Sold: 6 ( A decreae from 9 last quarer )

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

033 Via Nogales $885,000 3 2.00 1,675 $528.36 1956 V11038626 11/28/11 227
2208 Via Alamitos $1,000,000 4 3.00 2,645 $378.07 1966 V11062827 11/25/11 103
968 Via Rincon $1,500,000 4 3.00 2,256 $664.89 1962 V11032884 10/21/11 221
2409 Via Sobrante $1,750,000 3 4.00 2,608 $671.01 1959 V11130242 12/08/11 2
2101 Via Cerritos $2,066,000 5 4.00 5,096 $405.42 1988 S11122436 12/16/11 91
974 Paseo La Cresta $4,150,000 4 5.00 4,826 $859.93 1979 V11132798 12/07/11 35

Average Sales Price of homes sold during 4th quarter: $1.9 million

Properties for Sale as of 12/31/11: 10 ( A decrease of 8 from last quarter, and a 55% decrease from last year , equal to a 5 month inventory based upon the last quarters average of 2 sales per month )

Average List Price at 12/31/11: $5.2 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 585 per sq. ft. Due to the relatively low number of homes sold during the quarter, the average price per sq. ft. for homes sold is highly dependent on the size of the homes sold during the period. Smaller homes tend to sell at a higher rice per sq. ft.

Properties sold at an average of 96% of List Price

Monte Malaga neighborhood real estate and home sales report for Palos Verdes Estates, CA in December 2011.

Homes for sale: 10 Homes for sale are available priced from $1,099,000 to $10,500,000.

Pending sales: 4 Homes are in escrow priced from $849,950 to $2,199,000.

December sales: 3 Homes sold in Monte Malaga during Dec. 2011: