Palos Verdes Estates, CA Real Estate News

By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates declined a fair bit this week, as investors refocused on global economic troubles and the words and deeds of central bankers around the globe.Even as economic data continue to show that modest U.S. economic expansion continues, doubts remain that it is durable enough to continue in the face of considerable worldwide headwinds, or strong enough so as to be an engine to help lift the world from its malaise. Certainly, many central banks are employing novel approaches to try to spark growth in their economies, but so far the only success story to be seen is here.Much as it might like to, the Fed...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Palos Verdes Estates real estate market continues to be relatively strong. The number of homes listed for sale at the end of March of 59 is a 41% increase over this time last year. The average number of homes sold per month during the first quarter 2016 increased 6% compared to last year's fourth quarter, averaging 12 sales per month. This equates to about about 5 months of inventory. The number of homes in escrow at the end of March is 14 homes.             The following is a chart of the 38 homes sold in Palos Verdes Estates during the 1st quarter of 2016 The average price per square foot over the last 3 months has been $714 per sq. ft., a decrease of approx. 10% over the comparable period last year due to an unusually high price per sq. ft. of homes sold a year ago January.    T...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Lunada Bay real estate and home sales report for Palos Verdes Estates. View more articles on Lunada Bay, Palos Verdes Estates homes.Lunada Bay is a lovely coastal community in Palos Verdes Estates. It runs along the western ocean bluffs of the Pacific Ocean. The neighborhood is divided into two neighborhood by Palos Verdes Drive West. The area below and west of PVDW is known as lower Lunada Bay. The area is know for its charming tree-lined streets just a short stroll to the trails along the ocean, and for being one of the few neighborhoods in Palos Verdes with neighborhood schools within walking distance for most students. Palos Verdes High School and Lunada Bay Elementary are both located in lower Lunada Bay.Homes for sale in Lunada Bay, Palos Verdes Estates: (See all Palos Verdes Esta...
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By George Fotion, Hi Tech Marketing Utilizing Internet Platforms
(Call Realty Company)
How's the Palos Verdes Real Estate Market April 2016 Play the video and then go to the Palos Verdes Housing Market page to dig in for all the details. You will see how supply and demand factors are effecting Palos Verdes home values and you might even get a couple of clues of what might happen in the near the future. I'd enjoy discussing the market with you so feel welcome to use the "Contact Me" popup and schedule a GoToMeeting video conference or we can start a Google Hangout right now. If I'm available, I will pop right on! 
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2015 Palos Verdes homes sales for Valmonte neighborhood increased to 56 single family homes sold compared to 34 in 2015.  Price per square foot for Valmonte houses that sold in 2015 increased to $657 compared from $656 in 2014, a 0.3% increase.  Average sales price for Valmonte homes sold in 2015 was $1,536,483 compared to $1,354,569 in 2014.  The most expensive home sold for $2,625,000 and the lowest priced home sold for $799,000.Currently, Valmonte has 6 active Palos Verdes homes for sale.  There are 6 single family homes ranging in price from $1,399,000 for a 4 bedroom/2 bath, 2,513 square foot home, to $2,899,000 for a 4 bedroom/5 bath, 4,750 square foot home.  There are no condo/townhomes for sale in this area.For background and history on Valmonte Multiple Listing Area 164, please...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Valmonte real estate and home sales report for Palos Verdes Estates. View more articles on Valmonte, Palos Verdes Estates homes.Valmonte is famous for its tree-lined streets and sense of neighborhood. The location offers easy access to Torrance Beach and all the amenities of the beach cities of Redondo, Hermosa and Manhattan Beach. This Palos Verdes Estates neighborhood is great for walking and biking as the terrain is not as hilly as many Palos Verdes neighborhoods.Homes for sale in Valmonte, Palos Verdes Estates: (More houses for sale in Palos Verdes Estates) - Palos Verdes Top AgentsHomes currently in escrow in Valmonte:Homes that sold in the last year in Valmonte:Palos Verdes Housing Market Indicator - Mar. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Malaga Cove real estate and home sales report for Palos Verdes Estates. View more articles on Malaga Cove, Palos Verdes Estates homes.Malaga Cove is wonderful, luxury neighborhood in Palos Verdes Estates. It is one of the most historic areas of Palos Verdes with many buildings dating back to the original development in the 1920's. Homes in Malaga are sought after for the neighborhood character, proximity to the Beach Cities and the amazing views of the Pacific Ocean, the South Bay of Los Angeles and beyond.Homes for sale in Malaga Cove, PVE: (Show all Palos Verdes Estates homes for sale) - Palos Verdes REALTOR to help sell my home?Homes currently in escrow in Malaga Cove:Homes that sold in the last year in Malaga Cove:Palos Verdes Housing Market Indicator - Mar. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Monte Malaga real estate and home sales report for Palos Verdes Estates. View more articles on Monte Malaga, Palos Verdes Estates homes.Monte Malaga is home to some of the most exquisite estates on the Palos Verdes Peninsula. Although this Palos Verdes Estates neighborhood does not have ocean frontage it does command sweeping views from its location high amid the hills of Palos Verdes. The area is home to some of the most expensive homes on the hill.Homes for sale in Monte Malaga, Palos Verdes Estates: (See all homes for sale in Palos Verdes Estates CA)- Who should I call to sell my Palos Verdes Estates home?Homes currently in escrow in Monte Malaga:Homes that sold in the last year in Monte Malaga:Palos Verdes Housing Market Indicator - Mar. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Monte Malaga Luxury Home in Palos Verdes Estates Yesterday's tour of new listings in Palos Verdes included a luxury residence in Lunada Bay listed for $4,399,000.  The Palos Verdes Estates coastal property is located on Via Segovia. If you're in the market to purchase a Palos Verdes luxury home, this is one to put on your "Must See" list. The remodeled home has French Oak floors, open floor plan, private outdoor pool, and entertaining area, plus a killer master suite.  High ceilings, ample windows, and brilliant design, make this residence a hot property even for someone like me who looks at hundreds of homes year after year. Lunada Bay Residence with Luxury Kitchen The Palos Verdes luxury home market (homes priced at or above $3,000,000) currently has 49 properties listed for sale thr...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Lunada Bay real estate and home sales report for Palos Verdes Estates. View more articles on Lunada Bay, Palos Verdes Estates homes.Lunada Bay is a lovely coastal community in Palos Verdes Estates. It runs along the western ocean bluffs of the Pacific Ocean. The neighborhood is divided into two neighborhood by Palos Verdes Drive West. The area below and west of PVDW is known as lower Lunada Bay. The area is know for its charming tree-lined streets just a short stroll to the trails along the ocean, and for being one of the few neighborhoods in Palos Verdes with neighborhood schools within walking distance for most students. Palos Verdes High School and Lunada Bay Elementary are both located in lower Lunada Bay.Homes for sale in Lunada Bay, Palos Verdes Estates: (See all Palos Verdes Esta...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2015 Palos Verdes homes sales for Malaga Cove neighborhood decreased to 20 single family homes sold compared to 31 in 2014.  Price per square foot for Malaga Cove houses that sold in 2015 increased to $802 compared from $784 in 2014, a 2.4% increase.  Average sales price for Malaga Cove homes sold in 2015 was $2,970,800 compared to $2,844,965 in 2014.  The most expensive home sold for $7,900,000 and the lowest priced home sold for $1,075,000.Currently, Malaga Cove has 9 active Palos Verdes homes for sale. There are 9 single family homes ranging in price from $1,750,000 for a 3 bedroom/2 bath, 1,721 square foot home, to $28,000,000 for a 6 bedroom/8 bath, 10,100 square foot home.  Currently, there are no condo/townhomes for sale in this area.For background and history on Malaga Cove Mult...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
There are 48 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of January, which is 9% greater than this time a year ago. The number of homes sold over the last 3 months, averaging 11 sales per month, is up 10% compared to the same period last year . This equates to a bit over 4 months of inventory, based on the average sales per month over the last 3 months, historically very low.There are 16  homes in escrow at the end of January. Properly priced homes are often receiving multiple offers in this market.        The following is a list of the 7 homes sold in the City of Palos Verdes Estates during the month of January 2016:     The average price per square foot over the last 3 months has been $642 per sq. ft., a decrease of approx. 22% over the comparabl...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2015 Palos Verdes homes sales for Lunada Bay/Margate neighborhood increased to 33 single family homes sold compared to 26 in 2014.  Price per square foot for Monte Malaga houses that sold in 2015 increased to $778 compared from $703 in 2014, a 10.7% increase.  Average sales price for Monte Malaga homes sold in 2015 was $3,116,542 compared to $2,829,452 in 2014.  The most expensive home sold for $15,500,000 and the lowest priced home sold for $1,220,000.Currently, Monte Malaga has 12 active Palos Verdes homes for sale. There are 12 single family homes ranging in price from $1,535,000 for a 4 bedroom/3 bath, 2,482 square foot home, to $18,900,000 for a 7 bedroom/10 bath, 11,000 square foot home.  There are no condo/townhomes for sale in this area.For background and history on Monte Malaga...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Valmonte real estate and home sales report for Palos Verdes Estates. View more articles on Valmonte, Palos Verdes Estates homes.Valmonte is famous for its tree-lined streets and sense of neighborhood. The location offers easy access to Torrance Beach and all the amenities of the beach cities of Redondo, Hermosa and Manhattan Beach. This Palos Verdes Estates neighborhood is great for walking and biking as the terrain is not as hilly as many Palos Verdes neighborhoods.Homes for sale in Valmonte, Palos Verdes Estates: (More houses for sale in Palos Verdes Estates) - Palos Verdes Top AgentsHomes currently in escrow in Valmonte:Homes that sold in the last year in Valmonte:Palos Verdes Housing Market Indicator - Feb. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Malaga Cove real estate and home sales report for Palos Verdes Estates. View more articles on Malaga Cove, Palos Verdes Estates homes.Malaga Cove is wonderful, luxury neighborhood in Palos Verdes Estates. It is one of the most historic areas of Palos Verdes with many buildings dating back to the original development in the 1920's. Homes in Malaga are sought after for the neighborhood character, proximity to the Beach Cities and the amazing views of the Pacific Ocean, the South Bay of Los Angeles and beyond.Homes for sale in Malaga Cove, PVE: (Show all Palos Verdes Estates homes for sale) - Palos Verdes REALTOR to help sell my home?Homes currently in escrow in Malaga Cove:Homes that sold in the last year in Malaga Cove:Palos Verdes Housing Market Indicator - Feb. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Monte Malaga real estate and home sales report for Palos Verdes Estates. View more articles on Monte Malaga, Palos Verdes Estates homes.Monte Malaga is home to some of the most exquisite estates on the Palos Verdes Peninsula. Although this Palos Verdes Estates neighborhood does not have ocean frontage it does command sweeping views from its location high amid the hills of Palos Verdes. The area is home to some of the most expensive homes on the hill.Homes for sale in Monte Malaga, Palos Verdes Estates: (See all homes for sale in Palos Verdes Estates CA)- Who should I call to sell my Palos Verdes Estates home?Homes currently in escrow in Monte Malaga:Homes that sold in the last year in Monte Malaga:Palos Verdes Housing Market Indicator - Feb. 2016
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
 Lunada Bay real estate and home sales report for Palos Verdes Estates. View more articles on Lunada Bay, Palos Verdes Estates homes.Lunada Bay is a lovely coastal community in Palos Verdes Estates. It runs along the western ocean bluffs of the Pacific Ocean. The neighborhood is divided into two neighborhood by Palos Verdes Drive West. The area below and west of PVDW is known as lower Lunada Bay. The area is know for its charming tree-lined streets just a short stroll to the trails along the ocean, and for being one of the few neighborhoods in Palos Verdes with neighborhood schools within walking distance for most students. Palos Verdes High School and Lunada Bay Elementary are both located in lower Lunada Bay.Homes for sale in Lunada Bay, Palos Verdes Estates: (See all Palos Verdes Est...
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By George Fotion, Hi Tech Marketing Utilizing Internet Platforms
(Call Realty Company)
916 Via Mirada, Palos Verdes Estates, CA Just Listed Description Photos Maps & Local Schools Print Brochure My Reviews More $ Click for current price4 BEDROOMS | 3 (3 full ) BATHROOMS | 3393 SQUARE FEET Follow This Home! Palos Verdes Estates Homes for Sale Palos Verdes Real Estate Blog Palos Verdes Estates Homes Rolling Hills Estates Homes Palos Verdes Homes & South Bay Home Search Rancho Palos Verdes Homes Beach Cities Homes Rolling Hills Homes Presented By: George Fotion Call Realty Company 310-346-6467 Licensed In: CA License #: 785373   Schedule a Showing/Request Info Property Description In the heart of the Montemalaga area of Palos Verdes Estates perfectly situated in a quiet tucked away neighborhood with only one way in and one way out enhancing the safety and privacy of this en...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2015 Palos Verdes homes sales for Lunada Bay/Margate neighborhood increased to 80 single family homes sold compared to 77 in 2014.  Price per square foot for Lunada Bay/Margate houses that sold in 2015 increased to $664 compared from $627 in 2014, a 5.8% increase.  Average sales price for Lunada Bay/Margate homes sold in 2015 was $2,162,597 compared to $1,981,971 in 2014.  The most expensive home sold for $6,000,000 and the lowest priced home sold for $960,000.Currently, Lunada Bay/Margate has 25 active Palos Verdes homes for sale. There are 25 single family homes ranging in price from $1,169,000 for a 3 bedroom/2 bath, 1,389 square foot home, to $5,200,000 for a 5 bedroom/6 bath, 6,168 square foot home.  There are no condo/townhomes for sale at this time.For background and history on L...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Valmonte area of Palos Verdes Estates ( Area 164 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 11    Average Sales Price of homes sold during 4th quarter:$ 1.5 million Properties for Sale as of 12/31/2015: 8. Based on average sales per month for the 4th quarter of about 4 homes sold, equal to 2 months inventory. There are 3 properties in escrow as of the end of December.    Average List Price at 12/31/2015: $ 1.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 654 per sq. ft.   Properties Sold for an average of 95% or original List Price    For more Palos Verdes real estate market reports see the following link on my website: Market Reports   
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