Palos Verdes Real Estate Sales Malaga Cove Neighborhood 2016

Palos Verdes Real Estate Sales Malaga Cove Neighborhood 2016

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

2016 Palos Verdes homes sales for the Malaga Cove neighborhood increased to 28 single family homes sold compared to 20 in 2015.  Price per square foot for Malaga Cove houses that sold in 2016 increased to $958 compared from $794 in 2015, a 20.7% increase.  Average sales price for Malaga Cove homes sold in 2016 was $3,336,789 compared to $2,821,850 in 2015.  The most expensive home sold for $11,950,000 and the lowest priced home sold for $1,438,600.

Currently, Malaga Cove has 20 active Palos Verdes homes for sale.  There are 19 single family homes ranging in price from $1,550,000 for a 3 bedroom/2 bath, 1,671 square foot home, to $26,680,000 for a 5 bedroom/6 bath, 8,847 square foot home.  There is 1 condo/townhome for sale at $1,695,000 for a 3 bedroom/4 bath, 2,940 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, please click here or on the “Statistics” tab above.

Photo of Malaga Cove Plaza courtesy of Arvin Design.

 

 

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