2012 Average Sales Price Up For Lunada Bay/Margate Neighborhood

Ocean view from Lunada Bay neighborhood, Palos Verdes Estates, CA 90274

2012 Palos Verdes homes sales for Lunada Bay/Margate neighborhood was nearly he same – 69 single family homes sold compared to 70 in 2011.  Price per square foot for LunadaBay/Margate houses that sold in 2012 increased to $546 compared from $525 in 2011.  Average sales price for Lunada Bay/Margate homes sold in 2012 was $1,889,486 compared to $1,484,198 – a 27% increase!  The most expensive home sold for $5,225,000 and the lowest priced home sold for $972,000.

Currently, Lunada Bay/Margate has 8 active Palos Verdes homes for sale ranging in price from $1,335,999  for a 3 bedroom/3 bath, 2,265 square foot home, to $4,795,000 for a 4 bedroom/6 bath, 4,123 square foot home.  There are no condos/townhouses for sale at this time.

For background and history on Lunada Bay/Margate Multiple Listing Area 160, 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.

Photo is ocean view from Lunada Bay