Monte Malaga Area of PVE 4th Quarter 2015 Real Estate Market Report
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015: Properties Sold: 6 Average Sales Price of homes sold during 4th quarter: $3.3 million Properties for Sale as of 12/31/2015: 11 ( Equal to about 5 months inventory based upon the fourth quarters average of 2 sales per month ). There are 3 properties in escrow as of the end of December. Average List Price at 12/31/2015: $6.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 805 per sq. ft. Properties sold at an average of 93% of List Price and were on average on the market for approx. 2 months For more Palos Verdes real estate market reports see the following link on my websi...
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