Palos Verdes Real Estate Area MLS #176 – Silver Spur

Grandview Park, Rancho Palos Verdes, CA 90275

Palos Verdes real estate area 176 is known as Silver Spur, and is located in the city of Rancho Palos Verdes and Rolling Hills Estates.  Multiple listing service area 176 is bordered by Hawthorne Boulevard on the southeast, and includes the neighborhoods of Grandview, Rollingwood and Kingspine.

This area has large tracks of single family homes which can be accessed from both sides of  Silver Spur Road between Hawthorne Boulevard and Palos Verdes Drive North.  Many of these homes have incredible views of downtown Los Angeles and the local mountain ranges.  A few even have Queen’s Necklace Ocean/coastline views.

Grandview Park  is located on the northwest corner of the Silver Spur area and has 17 acres of land, is considered a “passive park” (no services) and is located at 6000 Ironwood Street, Rancho Palos Verdes.  Silver Spur Elementary School, Cornerstone Elementary School and Palos Verdes Peninsula High School are also located here.

Currently, there are 10 single family Palos Verdes homes for sale in this area.  They range from $729,000 for a 4 bedroom/2bath, 1,596 square foot residence, to $1,149,900 for a 4 bedroom/3 bath, 3,297 square foot residence.

Photo of Grandview Park 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.