Palos Verdes homes sales in the Lunada Bay/Margate neighborhood for the first half of 2023 decreased to 32 single family homes sold compared to 33 homes sold in 2022. Price per square foot for Lunada Bay/Margate houses that sold in the first half of 2023 decreased to $997 from $1,116 in 2022 a – 10.7% decrease. Average sales price for Lunada Bay/Margate homes sold in the first half of 2023 decreased to $3,023,442 in 2023 compared to $4,010,839 in 2022. The most expensive Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $5,700,000 and the lowest priced Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $1,562,152.
Currently, the Lunada Bay/Margate neighborhood has 13 Palos Verdes homes for sale. There are 10 single family homes for sale ranging in price from $1,799,000 for a 5 bedroom/3 bath, 2,156 square foot home, to $14,000,000 for a 7 bedroom/6 bath, 4,832 square foot home. There are 3 condo/townhomes for sale ranging in price from $1,099,000 for a 3 bedroom, 2 bath, 1,841 square foot condo to $1,299,000 for a 3 bedroom, 2 bath, 1,564 square foot condo.
For background and history on the Lunada Bay/Margate Neighborhood Multiple Listing Area 160, please click here to read my original article on this neighborhood.
To view current Palos Verdes home sales for the Lunada Bay/Margate neighborhood and real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.
Photo of ocean/coastline views from Lunada Bay neighborhood courtesy of Arvin Design