Palos Verdes homes sales for the Lunada Bay/Margate neighborhood for the first half of 2012 decreased to 29 single family homes sold in the first half of 2012 compared to 40 in the first half of 2011 – a 27% decrease. We have been experiencing a low inventory of homes to sell since the first of the year. Average sales price for Lunada Bay/Margate homes sold in the first half of 2012 increased to $1,857,241 from $1,616,298 for the first half of 2011 – a 15% increase. Price per square foot for LunadaBay/Margate houses that sold in the first half of 2012 increased to $548 from $535 in first half of 2011 – an increase of 2%. The most expensive home sold for $5,225,000 and the lowest priced home sold for $972,000.
Currently, Lunada Bay/Margate has 22 active Palos Verdes homes for sale. There are 19 single family homes for sale ranging from $1,099,000 for a 4 bedroom/3 bath, 1,924 square foot home, to $5,300,000 for a 5 bedroom/6 bath, 5,178 square foot home. There are 3 Palos Verdes condo/townhomes for sale priced between $479,000 for a 2bedroom/2 bath, 1,140 square foot condo and $519,000 for a 2 bedroom/2 bath, 1705 square foot condo.
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
