2022 Palos Verdes homes sales for Lunada Bay/Margate neighborhood decreased to 61 single family homes sold compared to 84 in 2021. Price per square foot for Lunada Bay/Margate houses that sold in 2022 increased to $1,038 compared from $839 in 2021, a 23.7% increase. Average sales price for Lunada Bay/Margate homes sold in 2022 was $3,414,161 compared to $2,770,494 in 2021. The most expensive home sold for $17,150,000 and the lowest priced home sold for $1,520,000.
Currently, Lunada Bay/Margate has 5 active Palos Verdes homes for sale. There are 5 single family homes ranging in price from $2,150,000 for a 3 bedroom/3 bath, 2,014 square foot home, to $3,499,000 for a 4 bedroom/4 bath, 3,228 square foot home. There are no condos/townhomes for sale at this time.
For background and history on Lunada Bay/Margate Multiple Listing Area 160, please click here to read my original 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 ocean view from the Lunada Bay neighborhood courtesy of Arvin Design