Palos Verdes Real Estate – Eastview Neighborhood Update

Eastview Park, Rancho Palos Verdes, CA 90275

2011 Palos Verdes homes sales for the Eastview neighborhood increased to 55 single family homes sold compared to 41 in 2010 – a 34% increase.  Price per square foot for Eastview homes that sold in 2011 was $355 compared to $392 in 2010.  Average sales price for Eastview homes sold in 2011 was $652,920 compared to $673,637 in 2010.

Currently, there are 3 condo/townhomes in this area.  They range from $275,000 for a  2 bedroom/2 bath, 1,207 square foot unit, to $289,000 for a 2bedroom/2 bath, 1,207 square foot unit. There are 11 single family Palos Verdes homes in this area for sale.  They range from $589,000 for a 3 bedroom/2bath, 1,378 square foot single family residence, to $949,000 for a 5bedroom/4bath, 2,864 square foot single family residence.

For background and history on Eastview Multiple Listing Area #177, 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 courtesy of the City of Rancho Palos Verdes

Palos Verdes Real Estate MLS Area # 177 – Eastview/RPV

Eastview Park, Rancho Palos Verdes, CA 90275

Palos Verdes real estate area #177 is known as Eastview/RPV, and is located in the city of Rancho Palos Verdes.  Multiple listing service area 177 has an irregular shape and is an annexed community (from San Pedro) located West of Western Avenue from Summerland north almost to Palos Verdes Drive North, and a strip east of Western Avenue between Toscanini and Caddington Drive.

The Eastview area includes many single family developments, and also some large condominium and townhome complexes.  Also incorporated in this area is a short strip of land near Palos Verdes Drive North which was previously used for military housing.

This area is home to three schools.  Residents in this area have the choice of enrollment in the Palos Verdes Peninsula Unified School District or the Los Angeles school system.  Christ Lutheran Church & School is located at 28850 S. Western Avenue and offers preschool through 8th grade classes.  Dodson Middle School (Los Angeles City School District) is located at 28014 Montereina Drive, and Crestwood Street Elementary School (Los Angeles City School District) is located at 19461 Crestwood Street.

This area contains not only residential areas but also quite a few commercial centers.  Some of the larger centers are the Terraces (Regal Cinemas, Trader Joe’s, Marshalls), Park Plaza (Sprouts, Petco, Ross, Payless) and Westmont Plaza (Smart & Final, Albertsons).

Eastview Park (photo above) is located in this area and is maintained by the City of Rancho Palos Verdes.  The park sits on 9.9 acres and includes a children’s playground, jogging path and large picnic area.

Currently there are 9 condo/town homes in this area.  They range from $239,000 for a 2bedroom/2bath, 1,207 square foot unit, to $399,000 for a 3bedroom/3 bath, 1,436 square foot unit. There are 9 single family Palos Verdes homes in this area for sale.  They range from $497,000 for a 3bedroom/2bath, 1,409 square foot single family residence, to $769,000 for a 5bedroom/2bath, 2,301 square foot single family residence.

Photo courtesy of the City of Rancho Palos Verdes

2010 Home Sales by Neighborhood

Palos Verdes 2010 Real Estate Sales by Neighborhood for 90274 and 903275

Sales by neighborhood for Palos Verdes real estate detail an average price range of over $1,000,000 for 13 out of 17 areas; only 4 areas were below $1,000,000.  Single family Palos Verdes homes showed an increase in average sales price in 9 areas ranging from .8% in Lunada Bay to 46.4% in West Palos Verdes.  Rolling Hills posted the largest decrease in average sales price of 21.6%.

Lunada Bay had the largest number of Palos Verdes homes sold (61) and West Palos Verdes had the smallest number of homes sold (12).  West Palos Verdes also had the highest average sales price at $2,436,667 for Palos Verdes homes sold.   The higest average square foot price for Palos Verdes homes sold was in Los Verdes at $685 per square foot and the lowest was in Eastview RPV at $392 per square foot.

The average price for single family Palos Verdes homes sold in 2010 was $1,441,118 which was 3.6% higher than 2009.  The average price per square foot for Palos Verdes homes sold was $496 per square foot which was 2% lower than 2009.  A better view of the above chart can be seen by clicking here or on the “Statistics ” tab above.