Palos Verdes homes sales for the Monte Malaga neighborhood for the first half of 2012 increased to 16 single family homes sold in the first half of 2012 compared to 13 in the first half of 2011. Average sales price for Monte Malaga homes sold in the first half of 2012 decreased to $1,957,125 from $2,812,308 for the first half of 2011. Price per square foot for Monte Malaga houses that sold in the first half of 2012 decreased to $551 from $559 in first half of 2011. The most expensive home sold for $4,100,000 and the lowest priced home sold for $825,000.
Currently, Monte Malaga has 14 active Palos Verdes homes for sale. There are 14 single family homes for sale ranging from $1,299,999 for a 4 bedroom/4 bath, 2,150 square foot home, to $10,500,000 for a 5 bedroom/8 bath, 8,000 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.
Queen’s Necklace and Ocean Views from Monte Malaga neighborhood