Rancho Palos Verdes, CA Real Estate News

By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
When rain falls in Southern California the freeways are littered with fender benders and few residents venture out unless they absolutely must. Since attending an open house is an optional activity, many real estate agents cancel a scheduled open house in the event of rain. Not me. Some of my most successful open houses were held in the pouring rain. Here is why I do not let weather dictate whether I hold an open house: 1. I Keep My Word--I have a commitment to the sellers to keep the schedule I promised. They may have told friends and neighbors it will be open. A "No Show" is not the brand I want to promote when my name is on the sign in the front lawn. 2. I Spread the Word: Open house ads are due on Wednesday and from that point forward I am committed to holding it open. Online ads ar...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
My favorite Country Club listing (by Coldwell Banker) has spectacular ocean views and lots of floor to ceiling windows to take advantage of the view. Contact me if you would like to see more of this house. January 2009 real estate statistics for the Country Club neighborhood in Rancho Palos Verdes: Active Listings: 12 Homes are listed for sale priced from $1,299,900 to $2,395,000. Pending Sales: 3 Single Family Homes are in escrow priced from $1,275,000 to $1,459,000. January Sales: 2 Properties closed escrow priced at $1,100,000 and $1,240,000. For more of my "Best Buys on the Hill" contact me and I'll be more than happy to share my deal of the week with you. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 South Bay Los Angeles cities I sell...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
As I drove along Palos Verdes Drive West (and South) today, I noticed several cars pulled over to the side of the road and many had their cameras out. Ahh yes, it is whale watching season along the California Coast. A few weeks ago I spotted one coming up for air as I walked along the bluffs above the ocean. Whale watching out your window (or on your walk) is one of the many perks of living on the Palos Verdes Peninsula. Palos Verdes Dr. West real estate statistics for January 2009: Active Listings: 12 Single Family Homes are listed for sale priced from $899,000 to $6,280,000. Pending Sales: 2 Homes are in escrow priced at $999,900 and $1,300,000. January Sales: 0 Whether you are selling or buying a home on the Palos Verdes Peninsula Norma Toering & Team will provide you with the inform...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
If you follow my blog you know I think the Palos Verdes Drive South neighborhood is fast becoming the resort side of the Palos Verdes Peninsula. I'll be spending some time in the neighborhood this weekend--showing property, meeting with a prospective client at Trump's Restaurant, holding an open house and delivering a market analysis for another resident. Actually, I'll be spending most of my weekend in the neighborhood! That's OK, it is a great place to spend time, or for the fortunate few, a lovely place to call home. Palos Verdes Drive South real estate statistics for January 2009: Active Listings: 12 Single Family Homes are listed for sale priced from $799,000 (a fixer short sale) to $6,900,000. Pending Sales: 3 Single Family Homes are in escrow priced from $849,000 (big fixer with ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
The Mira Catlina neighborhood of Rancho Palos Verdes is home to Marymount College and Mira Catalina Elementary School. Many of the homes enjoy views of the Pacific Ocean, Catalina Island, the Los Angeles Harbor or city views of the Los Angeles urban area. Located near the top of the Palos Verdes Peninsula the Mira Catalina neighborhood has views in all directions. January 2009 real estate report for the Mira Catalina neighborhood: Active Listings: 5 Single Family Homes are for sale priced from $1,175,000 to $3,339,000. Pending Sales: 2 Properties are in escrow listed for $899,000 and $995,000. January Sales: 1 Property closed escrow for $1,075,000. For a market analysis of your Mira Catalina home call 310.493.8333 For a tour of the Mira Catalina neighborhood and homes currently for sale...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Palos Verdes Drive East is home to spectacular Los Angeles Harbor views, Miraleste Elementary and Intermediate Schools and the Miraleste Library. The location offers easy access to freeways, shopping and dining. January 2009 real estate statistics for the Palos Verdes Drive East neighborhood of Rancho Palos Verdes: Active Listings: 21 Single Family Homes are currently for sale priced from $775,000 (that's a fixer/tear down with a big city/mountain view) to $3,500,000. Pending Sales: 7 homes are in escrow priced from $896,000 to $1,549,000. January Sales: 0 Some of the best buys on the Palos Verdes Peninsula are in the Palos Verdes Dr. East area. Note the seven homes currently in escrow. If you would like more information on homes in the neighborhood contact me at NormaToering@gmail.com ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Rancho Palos Verdes Plannin Commission rejected a proposed 40-unit affordable housing complex for seniors at its public hearing on February 10th. AMCAL Multi-housing Inc., had planned to build a two story apartment complex on a 19.3 acre parcel at the northwest corner of Crestridge Road and Crenshaw Boulevard. The units would have been restricted to residents age 55 and older. The Project wias planned to include a 1,100 sq. ft. clubhouse, 58 parking spaces and a bocce court. About 17 acres of the property would be disgated open space. The sitge is quite hilly and will require a 25 foot retaining wall to provide a flat site for construction. The City's Redevelopment Agency purchased the site in 2000 for $700,000. The City must provide affordable housing at this site by March 2010 or ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The planned three story 29,642 square foot medical office building to be constructed at 828 Silver Spur Road, has been approved by the Rolling Hills Estates City Council. The project is being developed by Rick Rdler on a corner site previously occupied by an ARCO gas Station. Construction of the building is scheduled for this summer and is expected to take two years to complete. The project was originally proposed over 2 years ago.   For more information about Rolling Hills Estates Real Estate , visit my website at http://www.maureenmegowan.com
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The land which includes the entire Palos Verdes Peninsula, San Pedro, and parts of Wilmington was part of the first Spanish land grant in California. Juan Jose Dominquez, a member of the 1769 Spanish Portola Expedition to Alta, California, stayed in Alta as a peace officer and guide. He helped protect Junipero Serra and other Franciscan padres who established a chain of missions from San Diego to Sonoma. In September 1782, Pedro Fages, the military commandante of California, became the Provincial Governor of Alta California. He was Dominguez's former lieutenant and accompanied him during the Portola Expedition of 1769.Due to Dominguez's many years of dedicated service to the King of Spain, Governor Fages bestowed a provisional grant to the retired old soldier in March 1784, allowing him...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Estview area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  5 Properties for Sale as of 12/31/08: 13 Average List Price at 12/31/08:  $ .8 million Average Sales Price of homes sold during 4th quarter: $ .7 million   Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $371 per sq. ft. Properties sold at an average of 97% 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
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
For the month of January the average sold price per square foot for a Rancho Palos Verdes  was $335.  This down $89 from the previous years January closings that averaged the price per square foot at $424. A large contributor to the lower than average price per square foot is due to the smaller homes selling below market. For example, the home that was located on Hawthorne Blvd sold for under $700k where as the large home on the other side of Grayslake but still on the service road of Hawthorne sold in the 800k range. Please review the detailed graph below to see what the price per square foot has been doing over the last year. For more details contact your Palos Verdes Realtor Rachel Tyndall @ Rachelmtyndall@gmail.com or (310)802-2334 WWW.THEPVREALTOR.COM WWW.RTYNDALL.COM WWW.RACHELAND...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Silver Spur area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  8 Properties for Sale as of 12/31/08: 8 Average List Price at 12/31/08:  $1.1 million Average Sales Price of homes sold during 4th quarter: $ ,9 million   Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $494 per sq. ft. Properties sold at an average of 97% of List Price For more information about the Silver Spur area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com  
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Peninsula Center area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  5 Properties for Sale as of 12/31/08: 4 Average List Price at 12/31/08:  $1.3 million Average Sales Price of homes sold during 4th quarter: $1.1 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $481 per sq. ft. Properties sold at an average of 98% 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
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Terranea Resort continues to make great progress towards its planned June 2009 opening. The following are links to construction photos of the resort showing aerial views of the construction, as well as close up views of the interiors and exteriors of the main resort building, restaurants and casitas. Construction is full-speed-ahead! Click Here to view recent images of Terranea's hotel, spa, restaurants, and the Villas and Casitas that comprise the real estate offering. The photos begin to provide a real sense of what the finished resort will be like when it opens this June, and capture the phenomenon of the sun rising and setting over the Pacific...yet another element unique to Terranea. Enjoy! For more information about the Terranea Resort , visit my website at http://www.maureenm...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Crest area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  5 Properties for Sale as of 12/31/08: 10 Average List Price at 12/31/08:  $1.2 million Average Sales Price of homes sold during 4th quarter: $1.1 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $ 502 per sq. ft. Properties sold at an average of 95% 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
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The La Cresta area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  3 Properties for Sale as of 12/31/08: 15 Average List Price at 12/31/08:  $1.8 million Average Sales Price of homes sold during 4th quarter: $1.9 million View from La Cresta area - Del Cerro Park - (Photo by Ed Shea / PVNET. ) Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $ 507 per sq. ft. Properties sold at an average of 95% of List Price For more information about the La Cresta area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Last week one of my Eastview clients called to get an update on the real estate market in her neighborhood.  She was under the impression nothing was selling---wrong!  41 Single family homes sold in Eastview in 2008. Eastview real estate statistics for 2008: Active Listings:  13 Single family homes were for sale at the close of 2008 priced from $589,900 to $1,299,000. Pending Sales:  2 Properties were in escrow listed for $699,900 and $799,999. 2008 Sales:  41 Single family homes sold in 08 priced from $450,000 to $1,175,000. Pansies love the California winter, but spring is just around the corner.  If you plan to take advantage of the spring market to either sell or purchase a Palos Verdes home, contact me for a list of homes or free market analysis of your current property. Norma Toer...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
30 Homes sold in the Silver Spur neighborhood in 2008.  I showed property in the area last weekend and there were multiple showings at every home I showed.  If you're looking for an affordable home on the Palos Verdes Peninsula, the Silver Spur area is a great place to start your search. Active Listings:  9 Single family homes were for sale at the close of 2008 priced from $829,000 to $1,265,000. Pending Sales:  2 Single family homes were in escrow priced at $799,000.  2008 Sales:  30 homes sold in the Silver Spur area priced from $670,000 to$1,775,000.     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, ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
The inventory was extremely limited in the Peninsula Center neighborhood of Rancho Palos Verdes at the close of 2008.  2008 real estate and home sales statistics for Peninsula Center: Active Listings:  4 Single family homes were listed for sale at the close of 08 priced from $988,000 to $1,375,000. Pending Sales:  2 Homes were in escrow priced at $934,000 and $1,075,000. 2008 Sales:  14 Single family homes sold in the Peninsula Center area priced from $925,000 to $1,530,000.     If there's a move in your plans for 2009, contact me for a free market analysis of your current home, or a list of homes for sale in the area of your choice. 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, hou...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Country Club area of the Palos Verdes Peninsula had the following real estate market activity during the 4th Quarter of 2008: Properties Sold:  2 Properties for Sale as of 12/31/08:  5 Average List Price at 12/31/08:  $1.9 million Average Sales Price of homes sold during 4th quarter: $1.4 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr:   $ 537 per sq. ft. Properties sold at an average of 100% of List Price For more information about the Country Club area and Properties for Sale on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com
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