Palos Verdes Real Estate Monte Malaga Update

2011 Palos Verdes home sales for the Monte Malaga neighborhood decreased to 28 single family homes sold compared to 33 in 2010 – a 15% decrease.  Price per square foot for Monte Malaga houses that sold in 2011 was $534 compared to $541 in 2010.  However, average sales price for Monte Malaga homes sold in 2011 was $2,230,929 compared to $2,207,167 – a slight increase.  The most expensive home sold for $9,150,000 and the lowest priced home sold for $885,000.

Currently,  Monte Malaga has 13 active Palos Verdes homes for sale.  They range from $1,050,000  for a 3 bedroom, 2 bath, 1,869 square foot home to $10,500,000 for a 5 bedroom, 8 bath, 8000 square foot home.

For background and history on Monte Malaga Multiple Listing Area 162, please click here to read my prior article on this neighborhood.

To view current Palos Verdes real estate statistics for the entire Peninsula, please click here or on the Statistics tab above.

The photo above is of the recently remodeled  Monte Malaga School library.

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