2011 Palos Verdes homes sales for Lunada Bay/Margate neighborhood increased to 70 single family homes sold compared to 62 in 2010 – a 13% increase. Price per square foot for LunadaBay/Margate house that sold in 2011 was $525 compared to $529 in 2010. Average sales price for Lunada Bay/Margate homes sold in 2011 was $1,484,198 compared to $1,632,724. The most expensive home sold for $4,175,000 and the lowest priced home was a short sale which sold for $606,200.
Currently, Lunada Bay/Margate has 25 active Palos Verdes homes for sale. One is a condo/townhome priced at $440,000 for a 2bedroom/2bath, 1,315 square foot condo. The 24 single family homes range from $1,049,000 for a 3 bedroom/2 bath, 1,602 square foot home, to $5,695,000 for a 5 bedroom/7 bath, 7,528 square foot home.
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 neighborhood
