Palos Verdes Real Estate Malaga Cove Neighborhood First Half of 2013

Neptune Fountain and Malaga Cove Plaza, Palos Verdes Estates, CA 90274 courtesy of Arvin Design

2013 First Half Palos Verdes homes sales for the Malaga Cove neighborhood decreased to 9 single family homes sold compared to 18 homes sold in the first half of 2012.  Price per square foot for Malaga Cove houses that sold in the first half of 2013 increased 15.5% to $660 from $572 for the same time period last year.  Average sales price for Malaga Cove homes sold in the first half of 2013 increased to $2,255,556 compared to $1,848,972  for the first half of 2012.  The most expensive home sold for $3,700,000 and the lowest priced home sold for $1,575,000.

Currently, the Malaga Cove neighborhood has 11 Palos Verdes homes for sale.  There are 2 condo/townhomes ranging from $629,995  for a 2 bedroom, 2 bath, 1,250 square foot condo, to $639,000 for a 2 bedroom, 3 bath, 1,558 square  foot condo.  There are 9 single family homes ranging from $1,750,000 for a 4 bedroom, 3 bath, 3,424 square foot home,  to $5,495,000 for a 5 bedroom, 7 bath, 9,853 square foot home.

For background and history on Malaga Cove Multiple Listing Area 163, please click here to read my prior article on this neighborhood.

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

Photo courtesy of Arvin Design