About Rancho Palos Verdes' Country Club

Rancho Palos Verdes Country Club Home Sales in 2009

The Country Club area of Rancho Palos Verdes is one of the older communities within the city. Single family home sales increased here to 21 last year from the 17 sold in 2008. Interestingly, with the exception of one 13 year old home, all of the homes sold here last year were built before 1976. The average age of the homes sold in 2008 was a bit lower. This may partially explain the drop in the median sales price from $1,650,000 to $1,355,000 last year. From 2005 through 2008, the median sales price fluctuated between $1,623,000 to $1,670,000, which is a pattern unlike most areas in the South Bay. In 2000, the median price was $795,000, so home values here have done very well over the course of the past decade, in spite of the recent adjustment.

There have not been any closings through the end of January of this year, but there are currently three homes in escrow with a median price consistent with that of 2008. This is an encouraging start to the year. At this writing, there are only five single family homes for sale. which is the equivalent of just a few month’s inventory. These homes have prices more aligned with this past year and so looking forward, the number of sales may continue to climb, but at a potentially reduced median price. Rancho Palos Verdes homes in other areas tend to be showing a more favorable pricing trend. It will be noteworthy to see how this limited supply of single family homes impacts future pricing.

Looking at home sales over the past five years highlights an interesting trend with building here, or more accurately, the lack of building. There have only been four homes sold here since the beginning of 2005 that were built after 2000. Two were built in 2002 and the others in 2005.

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Country Club neighborhood home sales and real estate report for Rancho Palos Verdes, California in December 2009.

Active listings: 6 Homes are for sale in the Country Club area priced from $1,269,000 to $2,399,000.

Pending sales: One house is in escrow priced at $1,600,000.

December sales: Two homes sold in Country Club during December 2009:

• Crest Rd $1,360,000
• Camino Porvenir $1,839,999
  

All Country Club, Rancho Palos Verdes real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2009 :

Properties Sold: 6

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

30323 Cartier DR $950,000 4 3.00 2,401 $396 1962 S09081027 10/06/09 9

7127 Crest RD $1,360,000 4 3.00 2,744 $ 496 1966 P703447 12/23/09 91

7241 Avenida Altisima $1,450,000 4 3.00 2,951 $491 1969 S09026189 10/23/09 121

30045 Avenida Esplendida $1,470,000 4 3.00 3,341 $440 1975 S09078561 11/13/09 101

7030 Crest DR $1,650,000 5 4.00 3,584 $460 1968 S09078594 10/15/09 51

30471 Camino Porvenir $1,839,999 4 3.00 3,323 $554 1973 S09101889 12/18/09 46

Properties for Sale as of 12/3109: 5

Average List Price at 12/31/09: $ 1.6 million

Average Sales Price of homes sold during 4th quarter: $ 1.5 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 473 per sq. ft.

Properties sold at an average of 94% of List Price

For more information on buying or selling real estate in the Country Club area of Rancho Palos Verdes visit my website at http://www.maureenmegowan.com

Country Club neighborhood real estate and home sales report for Rancho Palos Verdes, CA in Novemeber 2009.

Active listings: 5 Homes are currently for sale priced from $1,269,000 to $2,399,000.

Pending sales: 2 Houses are in escrow in the Country Club neighborhood for $1,600,000 to $1,890,000.

November sales: One home sold in November 2009:

• Avenida Esplendida $1,470,000
  

All Country Club, Rancho Palos Verdes real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

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Country Club neighborhood home sales and real estate report for October 2009 in Rancho Palos Verdes, California.

Active listings: 6 Homes are currently for sale in the Country Club neighborhood priced from $1,399,000 to $3,299,000.

Pending sales: 2 Properties are currently in escrow priced from $1,600,000 to $1,890,000.

October sales: 3 Houses sold during October 2009:

• Cartier Dr $950,000
• Avenida Altisima $1,450,000
• Crest Rd $1,650,000
  

All Country Club real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Homes for Sale - Rancho Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Blog
Palm Desert Area Lots for Sale - Homes with Views in Palos Verdes
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