About Rancho Palos Verdes' Peninsula Center

The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down through the end of the year. Sales decreased significantly in January, however, to 15 homes sold, about half of the number sold in the previous 2 months, but sales improved to 22 homes sold in February, an iincrease of 46% over February 2011.The level of inventory of homes for sale is down significantly with the average number of homes for sale over the last 3 months having decreased approx. 20% over the comparable period last year. The monthly average number of properties sold during the last three months compared to the similar period last year has gone up almost 10%. The average monthly number of homes in escrow during the last 3 months has increased 37% over the comparable period last year and is up at the end of February forecasting increased sales in March

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change For Sale 96 103 -6.8% 96 131 -26.7% 98 122 -19.7% Sold 22 15 46.7% 22 15 46.7% 23 21 9.5% Pended 32 27 18.5% 32 17 88.2% 26 19 36.8%

The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months is down approx.

5% over the comparable period last year.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change Avg. Sq. Ft. Price 412 427 -3.5% 412 486 -15.4% 418 442 -5.3% It has been taking an average of 3 to 4 months to sell a home in Rancho Palos Verdes. Properties are selling for approx. 91% of list price

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change Days on Market 124 92 34.8% 124 94 31.9% 115 70 64.3% Sold/Orig LP Diff. % 93 93 0% 93 94 -1.1% 91 93 -2.2% The average list price of homes offered for sale has trended downwards the last two months but is approx. the same as the comparable 3 month period last year. The average price of homes sold, however, has been much lower than the average list price of homes, which means that the lower priced homes are moving faster. Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change Avg. Active Price 1688 1770 -4.6% 1688 1850 -8.8% 1815 1812 0.2% Avg. Sold Price 993 1146 -13.4% 993 1301 -23.7% 1214 1117 8.7% The number of months inventory, based upon the average monthly sales over the last 3 months ,has also decreased to approx. 4 months of inventory, historically very low Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Feb. 12 Jan. 12 % Change Feb. 12 Feb. 11 % Change Dec. 11 to Feb. 12 Dec. 10 to Feb. 11 % Change Months of Inventory (Closed Sales) 4.4 6.9 -36.5% 4.4 8.7 -50% 4.3 5.8 -26.7%

The following is a list of the 22 homes sold during the month of February 2012: Address Sales Price Bd Bth Sqft $/Sq Yr.Built ML# Sold Date Days on Market 4068 Miraleste DR $770,000 3 3.00 1,890 $407.41 1960 11570555 2/28/12 80 4 Stirrup RD $945,000 4 4.00 2,800 $337.50 1956 V11096543 2/22/12 199 2251 Daladier DR $1,110,000 4 4.00 3,125 $355.20 1972 V11159478 2/01/12 54 3134 Corinna DR $849,000 3 2.00 1,898 $447.31 1962 V11145625 2/03/12 81 1 W Pomegranate RD $560,000 2 2.00 1,958 $286.01 1953 V12002714 2/26/12 83 3508 Vigilance DR $865,000 4 3.00 2,406 $359.52 1964 V12009069 2/08/12 48 5521 S Palos Verdes DR$1,255,000 2 2.00 2,210 $567.87 1952 V11098478 2/27/12 207 24 Nuvola CT $1,825,000 5 5.00 4,244 $430.02 1998 V10047275 2/06/12 644 30855 Via La Cresta $1,400,000 5 3.00 3,309 $423.09 1968 V10110724 2/15/12 489 30055 Avenida Elegante$1,570,000 5 4.00 3,400 $461.76 1966 S11092425 2/14/12 169 6908 Alta Vista DR $1,935,000 5 5.00 5,384 $359.40 1986 S12002340 2/14/12 9 27907 Centuria $985,000 4 2.00 1,972 $499.49 1962 S11145706 2/01/12 79 5050 Golden Arrow DR $925,000 4 3.00 2,447 $378.01 1967 V12009754 2/29/12 23 5019 Rockvalley RD $1,080,000 4 3.00 2,784 $387.93 1966 V12002398 2/29/12 55 26519 Basswood $670,000 3 2.00 1,358 $493.37 1956 V11093000 2/01/12 98 26950 Springcreek RD $699,000 3 2.00 1,442 $484.74 1960 V12003384 2/21/12 10 26937 Basswood AV $793,500 4 2.00 1,659 $478.30 1958 S11146762 2/06/12 105 27102 Grayslake RD $829,000 3 2.00 1,395 $594.27 1959 V12005099 2/16/12 12 5357 Bayridge RD $979,000 4 2.00 1,628 $601.35 1956 V12003724 2/01/12 14 1940 Avenida Feliciano $530,000 4 3.00 2,182 $242.90 1961 P797725 2/01/12 92 28607 N Enrose AV $600,000 4 2.00 1,649 $363.86 1957 S11142732 2/09/12 68 2119 W Macarthur ST $685,000 4 2.00 1,962 $349.13 1957 S11142355 2/20/12 113 Average $993,614 4.0 2.80 2,414 $423 124 Combined with record low interest rates, now is an excellent time to consider buying a home. For a good article on the issues relating to the strengthening real estate market Real Estate Values.

Peninsula Center neighborhood real estate and home sales report for Rancho Palos Verdes, CA in January 2012.

Homes for sale: 4 Houses are listed for sale in Pen Center priced from $829,000 to $1,059,000.

Pending sales: 6 Homes are in escrow priced from $779,000 to $1,099,000.

January sales: One home sold in Jan. 2012:

Homes for sale in Peninsula Center currently.

Peninsula Center neighborhood real estate and home sales report for Rancho Palos Verdes, CA in December 2011.

Homes for sale: 4 Homes are listed for sale in the Peninsula Center area priced from $819,000 to $999,000.

Pending sales: No homes are currently in escrow.

December sales: No homes sold in Dec. 2011.

The real estate market in the City of Rancho Palos Verdes had appeared to be stabilizing a couple of months ago, but the market has slowed the last couple of months. Inventory is down to only 96 homes listed for sale as of the end of the year, the fifth straight month of decrease, and an 18% decrease from the comparable time last year. The monthly average number of properties sold during the last three months compared to the similar period last year has also gone up almost 45%. The number of months inventory, based upon the average monthly sales over the last 3 months ,has also decreased to approx. 3 months of inventory

Curnt vs. Prev Month Dec. 11 Nov. 11 % Change Curnt vs. Same Month 1 Yr Ago Dec. 11 Dec. 10 % Change Curnt vs. Same Qtr 1 Yr Ago Oct. 11 to Dec. 11 Oct. 10 to Dec. 10 % Change For Sale 96 105 -8.6% 96 117 -17.9% 104 141 -26.2% Sold 31 30 3.3% 31 26 19.2% 29 20 45% Pended 23 29 -20.7% 23 20 15% 26 20 30%

Although average price per square foot was fairly consistent from March through October 2011, it decreased substantially in November but recovered nicely in December. The average price per sq. ft. of homes sold during the last quarter is down approx. 5% from last year.

Curnt vs. Prev Month Dec. 11 Nov. 11 % Change Curnt vs. Same Month 1 Yr Ago Dec. 11 Dec. 10 % Change Curnt vs. Same Qtr 1 Yr Ago Oct. 11 to Dec. 11 Oct. 10 to Dec. 10 % Change Avg. Sq. Ft. Price 419 378 10.9% 419 448 -6.4% 418 436 -4.2% As noted in the chart below, the amount of time to sell a home has increased substantially over the last several months increasing almost 60% compared to this comparable quarter last year. Homes are also selling for a greater discount from the listed selling price. This is an indication that sellers are not recognizing reality in pricing their homes and continue to price their homes as to their value of a year or two ago, and thus their properties are taking much longer to sell, primarily due to the delay in the sellers lowering their price to their current market values.

Curnt vs. Prev Month Dec. 11 Nov. 11 % Change Curnt vs. Same Month 1 Yr Ago Dec. 11 Dec. 10 % Change Curnt vs. Same Qtr 1 Yr Ago Oct. 11 to Dec. 11 Oct. 10 to Dec. 10 % Change Days on Market 120 84 42.9% 120 60 100% 105 66 59.1% Sold/Orig LP Diff. % 88 90 -2.2% 88 93 -5.4% 87 92 -5.4%

Combined with record low interest rates, now is an excellent time to consider buying a home.

Peninsula Center neighborhood real estate and home sales report for Rancho Palos Verdes, CA in November 2011.

Homes for sale: 3 Homes are listed for sale in the Peninsula Center area of PV priced from $839,000 to $995,000.

Pending sales: No homes are in escrow currently.

November sales: No houses sold during Nov. 2011.