Palos Verdes homes are selling at a healthy clip in the Palos Verdes Drive West neighborhood of Rancho Palos Verdes, CA.  Here are the real estate statistics for the month of April 2009: Active Listings:  15 Single Family Homes are for sale priced from $1,099,000 to $6,995,000. Pending Sales:  5 Single Family Homes are in escrow priced from $886,800 to $2,699,000. April Sales:  3 Single Family Homes sold during April:  30932 Via Rivera - $800,000;  7416 Via Larado - $1,410,000;  35 Via Del Cielo - $5,750,000. If you are shopping for a home on the Palos Verdes Peninsula, or other real estate in Palos Verdes, contact Norma Toering & Team for help with finding the best home for you.  With four cities and seventeen separate areas on the Palos Verdes Peninsula, it's a good idea to enlist a p... 05/13/2009

About 40 children have recently called in sick at Vista Grande Elementary school in Rancho Palos Verdes with symptoms of the Swine Flu. One student has been diagnosed with the flu strain, but had a very mild case of the swine flu and has returned to school. The students who have called in school have all been exposed to the student with the swine flu. School district officials have been quick to point out that the cases so far have been mild and no more serious than regular flu outbreaks. No need to close the school was seen. 05/07/2009

The City of Rancho Palos Verdes is again struggling with the best strategy to deal with an exploding population of peafowl with the city boundaries. Many city residents have complained of the mess and damage that they create in their yards and roofs, while other city residents do not want them disturbed and love the ambiance that they bring to the area. The peafowl were originally brought to the area by Frank Vanderlip ( See the HISTORY OF RANCHO PALOS VERDES ) . The problem appears to be that the peafowl populaton has more than tripled since the last census was conducted in 2000. The City Council is now considering passage of an ordinance that would prohibit feeding of the birds, or interfering in their capture to relocate them and reduce their number in the city. What do you think of ... 05/07/2009

The Owners of the new Terranea Resort in Rancho Palos Verdes, which is scheduled to open on July 27th, has asked the City of Rancho Palos Verdes to loan them approx. $8 million in city hotel tax over the next 27 months to be repaid several years later at no interest.  Bob Lowe of Lowe Enterprises, the development partner in the Terranea Project, told the City Council that because of the grave economic conditions, that the projected ramp up period for the hotel will be longer and more expensive than anticipated, and that due to the poor credit market envirmonment, alternative financing is not available at this time. Mr. Lowe noted that many municipalities actually provide a full rebate of hotel taxes in the early years of a project to encourage and subsidize development like this in thei... 05/07/2009

With only 14 Single Family Homes for sale and 6 Single Family Homes in escrow the Palos Verdes Drive South area remains one of the most popular areas with buyers on the Palos Verdes Peninsula. Active Listings:  14 Single Family Homes are for sale priced from $899,000 to $6,900,000. Pending Sales:  6 Single Family Homes are in escrow priced from $800,000 to $1,249,000. April Sales:  0 Homes closed escrow, but May should present a different picture.   If you're shopping for a coastal home, the Palos Verdes Drive South neighborhood is a great place to begin your house hunting adventures. This Palos Verdes Drive South view is for sale! Previous Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real... 05/07/2009

Inventory is limited--only four homes for sale, and two sales were recorded in the Mira Catalina neighborhood of Rancho Palos Verdes during April 2009. Active Listings:  4 Single Family Homes are for sale priced from $959,000 to $3,399,000. Pending Sales:  1 Single Family Home is in escrow listed at $899,900. April Sales:  2 Single Family Homes closed escrow:  3535 Bendigo - $852,000 and 30470 Ganado - $1,000,000.   If you're looking for a coastal location with a wonderful elementary school in the neighborhood Mira Catalina is a great place to begin your house hunting search.   I can help you zone in on the neighborhood of your choice. Previous Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell ... 05/07/2009

Sales and Pending Sales are up in the Palos Verdes Drive East neighborhood of Rancho Palos Verdes. Active Listings:  23 Single Family Homes are for sale priced from $879,900 to $2,995,000. Pending Sales:  6 Single Family Homes are in escrow priced from $849,000 to $1,379,000. April Sales:  5 Single Family Homes closed escrow:  6414 Via De Anzar - $825,000 18 Saddle Rd. - $910,000 12 Goldenspur - $925,000 6348 Via Colinita - $1020,000 20 Headland - $1,500,000 That's refreshing news! Inventory is down and sales are up.  If you're thinking of selling now is a great time to put your Palos Verdes Drive East property on the market.  April's results prove the buyers are out and houses are selling. Previous Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Ph... 05/06/2009

The long arm of the financial credit crunch reached out and touched Terranea, the coastal resort in Rancho Palos Verdes, before they could open their doors for business.   "The $480 million project on the former site of Marineland of the Pacific has been touted as a major new luxury development that would attract travelers from around the world, create hundreds of jobs and bring millions of tax dollars to Rancho Palos Verdes."  Melissa Pamer stated in an article that appeared in the Daily Breeze on May 5, 2009.  Mirroring the local economy and housing market, sales are down and easy credit is past history.  Representatives of the development have requested Rancho Palos Verdes to refund up to $8M in hotel tax revenue over the next 27 months.  The City Council has taken the matter under c... 05/06/2009

The market for real estate on the Palos Verdes Peninsula is definitely picking up. In the last 2 weeks, I have picked up a new listing, put two houses in Rancho Palos Verdes into escrow for two of my buyer clients, and I have two more listings coming up in the next couple of weeks. An example of the activity in the market is that there were multiple offers made on both of the homes that my clients just signed purchase agreements for. I think that buyers are finally recognizing that this may be the best time in years to buy a home due to the record low interest rates, and the great deals that sellers are offering in the market. Buyers are getting the sense that the bottom of the real estate cycle may have been reached, or is at least very near, and that this period of time may be looked ... 05/01/2009

The Eastview area of the Palos Verdes Peninsula had the following real estate market activity during the 1st Quarter of 2009: Properties Sold:  5 Properties for Sale as of 3/31/09: 9 Average List Price at 3/31/09:  $ .7 million Average Sales Price of homes sold during 4th quarter: $ .7 million   Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $371 per sq. ft. Properties sold at an average of 98% of List Price For more information about the Eastview area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com 04/24/2009

The Peninsula Center area of the Palos Verdes Peninsula had the following real estate market activity during the 1st Quarter of 2009: Properties Sold:  2 Properties for Sale as of 3/31/09: 8 Average List Price at 3/31/09:  $1.32million Average Sales Price of homes sold during 1st quarter: $1.0 million Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $359 per sq. ft. Properties sold at an average of 95% of List Price For more information about the Peninsula Centerarea and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com 04/24/2009

The Los Verdes area of the Palos Verdes Peninsula had the following real estate market activity during the 1st Quarter of 2009: Properties Sold:  3 Properties for Sale as of 3/31/09: 13 Average List Price at 3/31/09:  $1.2 million Average Sales Price of homes sold during 1st quarter: $1.0 million Los Verdes Street with Ocean View Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $506 per sq. ft. Properties sold at an average of 97% of List Price For more information about the Los Verdes area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com   04/24/2009

The Crest area of the Palos Verdes Peninsula had the following real estate market activity during the 1st Quarter of 2009: Properties Sold:  2 Properties for Sale as of 3/31/09: 12 Average List Price at 3/31/09:  $1.2 million Average Sales Price of homes sold during 1st quarter: $ .9 million Average Price per Sq. Ft. for Properties Sold during 1st Qtr:   $ 402 per sq. ft. Properties sold at an average of 96% of List Price For more information about the Crest area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com 04/24/2009

04/24/2009

Area: 169-PV Dr South Cross Street: Schooner Stories: One Level   Thomas Guide: 823C5   Units Total#:   Year Built: 1956   Senior Community: No   DOM/CDOM: 1/1 Lease Considered: N SaleType: Standard Driving Directions: PV Drive South to Schooner to left on Admirable Description                                                                                                                                                                                                                                                  This will be an outstanding opportunity for someone! It's a 1956 original throughout with a big, flat yard and room for RV parking. There are wood floors in the main rooms and just a peek of ocean view. The roof and water heater have been updated. The yard is very private and... 04/24/2009

PORTUGUESE BEND ANCIENT LANDSLIDE COMPLEXBRIEF HISTORY AND DESCRIPTION OF ADMINISTRATIVE ACTIONS Rancho Palos Verdes has the distinction of having one of the largest, if not the largest, landslides in the contiguous 48 states. The total area of what is commonly referred to as the ancient landslide is approximately 870 acres in size. Today the area is made up of a series of smaller landslides, which have shown varying degrees of movement during the last 50 years. It is not unusual for this entire area to sometimes be referred to as either the Abalone Cove Landslide or the Portuguese Bend Landslide but these are actually distinct slide areas. In addition there are two other identified slides which are known as the Klondike Canyon landslide and the Flying Triangle landslide. The Portuguese... 04/24/2009

Rancho Palos Verdes is now taking a new look at the wind turbine electrical generation issue after a city resident, Guillermo Ramirez, put up a 35-foot-tall wind turbine without first seeking city permission. Rancho Palos Verdes allows such systems in commercial and institutional zones, but not in residential areas.   Daily Breeze Photo: Robert Casillas  The 35-foot-tall Skystream 3.7 - a small wind turbine marketed for residential use - overlooks Palos Verdes Drive East from Ramirez's fruit tree-filled backyard. Mr. Ramirez initially flew an American Flag from the top of the structure for several weeks, and when no one complained, he installed his new wind turbine. After the turbine was installed, however, several neighbors complained. The City of Rancho Palos Verdes is now reviewing t... 04/22/2009

The real estate market is red hot in the Eastview neighborhood of Rancho Palos Verdes.  Here's the March 2009 update: Active Listings:  12 Single Family Homes are for sale priced from $529,000 to $2,150,000. Pending Sales:  8!  Yes, 8 Single Family Homes are in escrow priced from $600,000 to $795,000. March Sales:  2050 MacArthur sold for $649,000 and 1959 Caddington Drive sold for $649,000. The Jacaranda tree-lined streets of Eastview will soon be in bloom.  May is a wonderful time for house hunting in the neighborhood. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long ... 04/21/2009

Peninsula Center neighborhood real estate report for March 2009: Active Listings:  10 Single Family Homes are currently for sale priced from $860,000 to $1,299,000. Pending Sales:  2 Single Family Homes are in escrow listed at $925,000 and $979,000. March Sales:  26511 Deepbrook Drive sold for $1,000,000.  The one-level home was remodeled (gorgeous kitchen) and had a swimming pool. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Find Norma on: Facebook - Twitter - LinkedIn - Email Norma Peninsul... 04/21/2009

The Silver Spur Neighborhood of Rancho Palos Verdes was sizzling with offers and sales during March 2009.  Here is the March update: Active Listings:  16 Single Family Homes listed for sale priced from $845,000 to $1,295,000. Pending Sales:  4 Single Family Homes are in escrow priced from $799,000 to $829,000. March 09 Sales:  5 Single Family Homes closed escrow priced from $726,000 to $950,000. Why is Silver Spur so popular with buyers?  It is one of the most affordable communities on the Palos Verdes Peninsula.  Homes priced below $1,000,000 are in demand and the Silver Spur area is a great place to begin your house hunting adventure for a home in that price range. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities... 04/20/2009