The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :
Properties Sold: 5
Address Sales Price BR BA Sq.ft.$/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
6933 Grovespring DR $889,000 4 2.00 1,806 $492 1963 S584963 9/20/09 6
7011 Willowtree DR $910,000 4 2.00 2,316 $393 1963 S09057239 7/21/09 40
6908 Purple Ridge Dr. $960,000 4 2.00 1,617 $594 1963 V09056253 7/22/09 13
28361 Plainfield DR $ 1,000,000 4 3.00 2,484 $403 1964 V09040149 9/11/09 138
27917 Hazelridge DR $1,200,000 4 2.00 2,332 $515 1964 V09062801 9/16/09 78
28725 Blythewood DR $1,290,000 5 5.00 3,157 $409 1963 S09034109 7/17/09 70
Properties for Sale as of 9/30/09: 10

Los Verdes Street with Ocean View
Average List Price at 9/30/09: $ 1.1 million
Average Sales Price of homes sold during 3rd quarter: $ 1.0 million
Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 467 per sq. ft.
Properties sold at an average of 94% of List Price

For more information on buying or selling real estate in the Los Verdes area of Rancho Palos Verdes visit my website at http://www.maureenmegowan.com
The Crest area of Rancho Palos Verdes and Rolling Hills Estates ( Area 174 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2009 :
Properties Sold: 10
Address Sales Price BR BA Sq.ft.$/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
28604 Meadowmist Drive $850,000 4 2.00 2,090 $407 1967 V09065991 7/31/09 29
29435 Whitley Collins DR $901,000 4 3.00 2,374 $380 1963 V09058966 7/29/09 40
29642 Stonecrest Road $910,000 4 3.00 2,374 $383 1963 V09059505 8/03/09 49
28710 King Arthur CT $985,000 4 2.00 2,044 $482 1968 V09033865 7/07/09 100
29007 Firthridge RD $1,015,000 4 3.00 2,575 $394 1967 V09044907 7/10/09 58
28402 Quailhill DR $1,080,000 4 3.00 2,366 $456 1969 V09039364 8/19/09 98
5653 Sunmist DR $1,099,000 5 3.00 2,468 $445 1965 V09070984 9/25/09 83
29604 Stonecrest Road $1,140,000 5 3.00 2,468 $462 1963 V09064915 8/28/09 41
29501 Oceanport RD $1,280,000 4 3.00 2,448 $523 1964 V09022607 8/11/09 112
28805 Covecrest DR $1,299,000 5 4.00 2,366 $549 1967 V09042181 7/17/09 44
Properties for Sale as of 9/30/09: 8
Average List Price at 9/30/09: $ 1.2 million
Average Sales Price of homes sold during 3rd quarter: $ 1.1 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 448 per sq. ft.
Properties sold at an average of 97% of List Price

For more information on buying or selling real estate in the Crest area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 23rd Quarter of 2009 :
Properties Sold: 9
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
6 Pepper Tree LN $990,000 3 3.00 2,359 $420 2002 S09038397 9/09/09 119
13 Pepper Tree LN $990,000 3 4.00 2,546 $389 2002 V09074696 9/29/09 57
22 Oceanaire DR $1,360,000 5 3.00 3,349 $406 1962 S09067181 7/29/09 7
7 Clear Vista DR $1,400,000 4 4.00 2,889 $485 1981 V09076062 9/10/09 33
5249 Valley View RD $1,520,000 4 4.00 4,248 $358 1983 V09075685 9/02/09 53
28 Country Meadow RD $1,560,000 4 4.00 4,112 $379 1979 V08147021 7/23/09 282
18 San Clemente DR $1,725,000 4 4.00 3,218 $536 1988 S09057400 7/14/09 27
10 Covered Wagon LN $1,850,000 4 4.00 4,048 $457 1981 S09013239 7/30/09 183
16 Hillcrest Manor $2,150,000 5 5.00 4,647 $463 1997 V09037477 7/28/09 83
Properties for Sale as of 9/30/09: 10

View from La Cresta area - Del Cerro Park - (Photo by Ed Shea / PVNET. )
Average List Price at 9/30/09: $ 1.7 million
Average Sales Price of homes sold during 3rd quarter: $ 1.5 million
Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 432 per sq. ft.
Properties sold at an average of 95% of List Price

For more information on buying or selling real estate in the La Cresta area of Rolling Hills Estates and Rancho Palos Verdes visit my website at http://www.maureenmegowan.com
The median price paid for all homes in six Southern California counties in September -- $275,000 -- was unchanged from August and 11% below the same month last year, according to San Diego-based MDA DataQuick.
As reported in the Los Angeles Times, "Christopher Thornberg, a Los Angeles economist who was an early predictor of the housing bubble, said several factors converged last month to give home sales a boost. "Tax breaks, low interest rates and pent-up demand added up to create a surge in sales that's surely gone some way in stabilizing prices," he said.. . Even if the housing market takes another hit in the coming months, Thornberg said, the bulk of the market correction is past."
"The Southern California median price remains at 2002 levels, even without considering inflation, and is 46% below its peak level of $505,000 set in several months of 2007.Those relatively low prices pushed the number of homes sold in September up 5% over the same month last year, and 0.2% above August.
Last month's sales, with a rising median price over last year in some areas, show the mix of homes sold is normalizing. Sales of homes priced at or above $500,000 were 21% of the total, up from 13% in January, DataQuick said."
Sales have benefited from very low interest rates, reduced home prices, as well as government incentives including the $8,000 first time home buyers Federal Income Tax credit which is scheduled to expire on November 30th, 2009.
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 2nd Quarter of 2009 :
Properties Sold: 8
Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt.
30502 Via La Cresta $855,000 4 3.00 2,776 $308 1968 V09070747 8/20/09 22
6878 Crest RD $1,125,000 4 2.00 2,660 $423 1964 V09013746 7/07/09 108
30189 Avenida Esplendid $1,194,500 4 3.00 2,881 $415 1976 V09003277 9/25/09 262
6544 Locklenna LN $1,200,000 4 3.00 2,875 $417 1966 V09041688 7/13/09 75
31416 Marne DR $1,355,000 4 4.00 3,421 $396 1961 V09062752 8/18/09 48
31207 Marne DR $1,425,000 4 4.00 3,380 $422 1962 V09038657 7/02/09 27
30654 Via La Cresta $1,435,000 5 3.00 3,192 $450 1968 V09077028 9/09/09 27
6530 Sattes DR $1,830,000 4 6.00 3,905 $469 1976 S09056144 7/28/09 29
This was a significant increase in sales over the single property that was sold the previus quarter.
Properties for Sale as of 9/30/09: 5

Average List Price at 9/30/09: $ 1.9 million
Average Sales Price of homes sold during 3rd quarter: $ 1.3 million
Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 412 per sq. ft.
Properties sold at an average of 96% 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
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved