Rancho Palos Verdes, CA Real Estate News

By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
La Cresta: (Area 172 in map below) This is a neighborhood south of Crest Road, just west of Rolling Hills, and the area bordered by a 1/4 mile east of Hawthorne Boulevard, Crest Road and Crenshaw Boulevard north of Crest, and is located at the top of the central portion of the Palos Verdes Peninsula. Many of the homes in this area are in newer developments such as Island View homes; other neighborhoods include Del Cerro. Palos Verdes Peninsula Map (Rancho Palos Verdes City limits in Orange)View from La Cresta area - Del Cerro Park - (Photo by Ed Shea / PVNET. ) As of September 30, 2008 there were 15 homes for sale in the La Cresta area, at an average listing price of approx. $2.0 million. During the 3rd quarter of 2008, 10 homes sold at an average price of $1.7 million and an average pr...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
OK I confess, I obsess over selecting the perfect gift for my clients.  I envy the agents who give a gift basket or plant and move on.  Me, I begin plotting and planning weeks before I hand them the keys to their new abode.   I recently sold a home in a gated beach colony in Rancho Palos Verdes with its own private beach.     Photo from the balcony               When I saw these chairs I thought, "Ahh, those are perfect, mission accomplished." Norma Toering & Team RE/MAX Palos Verdes Realty (310) 493-8333 / Office Phone: (310) 831-0800 Subscribe via ActiveRain Subscribe via Email Norma on Facebook Norma on Twitter PalosVerdesLifestyle Toering and Team
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
I just received an email telling me the Palos Verdes Peninsula News is cutting their circulation in half from biweekly to once a week.  Here is the notice:     "Starting November 27, 2008, we will be eliminating our Saturday edition in order to increase our Thursday circulation to 20,000 households, including 6,000 additional households that did not previously receive the PV News every week.  In the past, we have produced two editions – one on Thursday that reached 14,000 households and another on Saturday that reached 4,000 of those same households. By eliminating our Saturday edition, we can expand the circulation of our Thursday edition to reach more new readers every week.  The two special sections that ran in our Saturday edition – Real Estate and Religion – will be included in our...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Country Club: (Area 171 in map below) is an area that surrounds the Los Verdes Golf Course as well as an area to the east of Hawthorne Boulevard and south of Crest Road. The area below Hawthorne Boulevard and Crest Road is known as Monte Verde, and the area to the east of Hawthorne Boulevard is known as  the Monaco area. Other neighborhoods include Alta Vista. Condo and townhome developments in this area include Seagate and the Island View condos.The only commercial development in this area is a Ralphs Supermarket, which services the entire west side of Rancho Palos Verdes.   As of September 30, 2008, there were 11 homes for sale in this area at an average listing price of approx. $2.0 million. The average price of homes in this area that have sold in the last 6 months is approx. $1.65 ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The following is a copy of the monthly newsletter which is emailed to subscribers by Ken DeLong. You can subscribe to this newsletter by going to www.pvpwatch.com. This newsletter is a great way of staying in touch with what is going on with issues affecting Rancho Palos Verdes. RPV City Hall - The Continuing Sagas Monks Case  Readers will recall that in the last Newsletter (Oct. 11th) we reported that the Appellate Court had reversed the Trial Court's decision and had ruled against RPV. We raised the issue concerning ongoing fees and costs. Councilman Tom Long responded with the following statement- "First, the City will suffer no monetary liability as a result of the Monks decision even if the decision is upheld on appeal unless the city disobeys the ruling once the appeals are done a...
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When we really examine the sale statistics for RANCHO PALOS VERDES home sales in a neighborhood-by-neighborhood approach, we see each area has very different results: AREA NO. '07 NO. '08 AVG.SALES PRICE IN '07 AVG. SALES PRICE IN '08       CHANGE FROM '07-'08   MIRALESTE        30 30 $1,428,500   $1,308,247 -5.6% MIRACATALINA 12 8 $1,338,409 $1,182,500 -12.2% PV DRIVE SOUTH 25 18 $1,119,216 $1,662,501 +20% W. PV ESTATES 15 14 $2,673,927 $3,318,429 +14.5% COUNTRY CLUB 28 15 $1,727,143 $1,671,533 -7.3% LA CRESTA 30 24 $2,037,625 $1,868,563 -12.7% LOS VERDES 26 22 $1,115,185 $1,059,132 -15.1% CREST      21 17 $1,222,738 $1,099,353 -4.7% PENINSULA CENTER 18 12 $1,113,722 $1,106,990   -6.4% SILVER SPUR 47 22 $1,020,893 $1,014,728 -10.79% EASTVIEW 48 35 $827,588 $743,603 -12.2% THESE STATIST...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
West Palos Verdes:( Area 170 in the Multiple Listing Service map below) is an area in Rancho Palos Verdes just south of Palos Verdes Estates, and stretches south along the coastline along Palos Verdes Drive West to Hawthorne Boulevard. This area includes new luxury home developments such as Ocean Front Estates at the southern terminus of Hawthorne Boulevard. Many homes in this area enjoy excellent ocean and Catalina Island views. Neighborhoods include Lunada Pointe (adjacent to Palos Verdes Estates), Berry Hill, Point Vicente, Warmington Estates, and Oceanfront Estates.There are no condominium developments in this neighborhood.   As of September 30, 2008, there was 14 homes for sale in the West Palos Verdes Neighborhood at an average listing price of approx. $3.2 million. The average pr...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Palos Verdes Drive South: (Area 169 in the Multiple Listing Service) is a neighborhood which stretches along the coastline from the border of San Pedro along Palos Verdes Drive South, including the Portuguese Bend area, north to Point Vicente Park and the western terminus of Hawthorne Boulevard. Palos Verdes Drive South is the principal road serving this area. Many of the homes in this area offer excellent ocean and Catalina views. The Portuguese Bend Club is in the center of this portion of the Peninsula, and is adjacent to the Portuguese Bend landslide moratorium area. Homes in the landslide area have restrictions on their ability to be expanded or renovated. The nearest shopping area for homes in the southern portion of this neighborhood is located in San Pedro. Golden Cove Center is...
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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 Eastview neighborhood of Rancho Palos Verdes has the option of attending Palos Verdes Schools, or LA Unified School System.  The area borders Western Avenue and is close to Trader Joes and Henry's markets as well as several larger supermarkets.  With schools and shopping nearby the area is a popular choice. Eastview real estate update for September 2008: Active Listings:  18 homes are currently listed for sale priced from $619,000 to $1,299,000. Pending Sales:  9 homes are currently in escrow priced from $539,000 to $949,000 September Sales: 1 home closed escrow at $800,000.   Photo shows Eastview neighborhood.   Sales are up and prices are still adjusting in the Eastview neighborhood.  The fourth quarter will likely offer some attractive buys.  Contact me to schedule your private 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)
The Silver Spur Neighborhood is located close to shopping, dining and entertainment on the Palos Verdes Peninsula.  Located only minutes away from the ocean, beaches and freeways it is easy to see why this is a popular residential area in Palos Verdes. September 2008 real estate update for the Silver Spur neighborhood: Active Listings:  12 homes are currently for sale priced from $864,900 to $1,299,000 Pending Sales:  5 homes are currently in escrow priced from $799,000 to $1,200,000. September Sales:  2 homes closed escrow at $875,000 and $949,000. Many of the homes in the Silver Spur area are within walking distance of Peninsula High School.   Want to view some Silver Spur properties?  I'm just an email or call away. Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Offi...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
My husband and I stumbled onto the latest restaurant in the Lunada Bay Plaza the other night.  I can't even remember all of the permutations this restaurant has gone through over the years, but I vaguely remember eating Chinese food there many years ago!  Casa Pronto's Fresh Mexican Grill has one stand out feature:  The salsas.  They put 4 kinds at your table and they are delightfully different and tangy from each other.  The restaurant also serves Horchata just like the food stalls on Olvera Street in downtown Los Angeles.  The food is pretty good too.  I would say it is typical Mexican fare in authentic, Tijuana-like surroundings. The front of the menu shows photos of some of the plates for the uninitiated.  (In L.A. WHO could that be?) There are garish pinatas strung from the ceiling...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Mira Catalina:( Area 168 in the MLS map below) is an area is between the Miraleste (Palos Verdes Drive East )area and the Palos Verdes Drive South area, and is primarily accessed by the southern portion of Palos Verdes Drive East (south of Crest Road) until it ends at Palos Verdes Drive South. Many homes in this area enjoy spectacular views of the ocean and Catalina Island. Marymont College is located in the Mira Catalina neighborhood. As of September 30, 2008, there were 12 homes for sale in the Mira Catalina Neighborhood, with an average list price of approx. $1.5 million. For more information about Rancho Palos Verdes Real Estate  please visit my website at http://www.maureenmegowan.com
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Palos Verdes Drive East (Miraleste): (Area 167 in MLS map below) is a neighborhood on the eastern side of the Palos Verdes Peninsula and is bordered by the City of Rolling Hills on the west, the Eastview area of Rancho Palos Verdes to the east, and the Mira Catalina area to the south (south of Crest Road). Although many of the homes here have large lots, the steep terrain restricts the useability of many yards. Many of the homes in this area have city and Harbor views. Palos Verdes Drive East is the main road through the center of the neighborhood. Many of the lots in this area are zoned for horses. Neighborhoods include Miraleste Hills, Colt Road, Coach Road, Bronco, Sunnyside Ridge, Rockinghorse and Roan Road. Certain of the homes in this area are subject to Art Jury requirements of t...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
If you are thinking of buying real estate in the Rancho Palos Verdes, it helps to know what the latest trends are.  First of all, you need some essential real estate tools.  Those would be: Current sales statistics for your area of preference. This will give you a working knowledge of the average market time, differential between asking and selling prices, average prices per sq. ft. , etc. You need to know your FICO score. There is a plethora of new rules regarding mortgages and so be sure you are "in the game" by talking to a qualified DIRECT lender.   Chances are, if you find a property you want to bid on, the listing agent may ask you to be pre-approved by his/her trusted lender.  Don't be offended.  Many many mortgage lenders are having trouble getting their loans to the top of the ...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
Anyone who has visited the mind-numbing television channel that broadcasts Rancho Palos Verdes City Council and Rancho Palos Verdes City Planning sessions can attest to the marathon lengths of those meetings.  I personally witnessed one last week at the City Planning meeting at Hesse Park.  I was there to protest the CVS Pharmacy proposal that didn't even come up on the agenda until midnight!  By the time the last speaker finished and the council made their decision, it was 3:30 in the morning!  While I was happy the proposal was defeated, I didn't get home and to sleep until 5 am.  This happens quite frequently at Rancho Palos Verdes city meetings. However, there has been a move to shorten the length of the City Council meetings and it has been successful for the most part.  The City C...
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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 Peninsula Center is located in the center of the Palos Verdes Peninsula, hence the name also gives the location of the area.  Shopping, dining and entertainment are just minutes from your front door if you're fortunate enough to call this neighborhood home. Here are the September 08 real estate stats: Active Listings:  4 homes are currently for sale priced from $934,900 to $1,450,000. Pending Sales:  3 homes are currently in escrow priced from $999,999 to $1,295,000. September Sales:  No Single family residences closed escrow. Grab a bite to eat, a workout or sit back and enjoy a movie at nearby shopping venues. Want more information on the Peninsula Center neighborhood on the Palos Verdes Peninsula?  Drop me an email or quick call and more data will be on the way. Norma Toering & T...
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By Kathy Tyndall, EPRO Realtor
(RE/MAX Estate Properties)
Anyone who lives near Granvia Altamira knows that there have been times when the street was full of catering trucks parked and open for business between Hawthorne and Monero.  This has been problematic because the people who patronize the trucks also have to park on the street on both sides and typically dart in and out of traffic to get to the trucks.  This has created a dangerous scenario for all involved since this portion of Granvia is heavily traveled at all times of the day. Ideally, the catering trucks could gather at the RPV City Hall or other place with ample parking in order to alleviate the problems of congesting neighborhood streets.  The problem has been amplified by new rulings by Palos Verdes Estates that prohibits the trucks from congregating on their city streets. Final...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Every time I travel down Palos Verdes Drive South, I am amazed at the progress of our new Terranea Resort.  I do believe they will make their June 2009 opening! Peninsula News recently had an article updating the progress.  On October 27th a furnished Casita will be completed and open for public view from 10:00 - 5:00 (and daily thereafter). Click here to read more...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
There are only a handful of homes for sale  in the Crest neighborhood of Rancho Palos Verdes.  Located at the top of the Palos Verdes Peninsula with easy access off and on the hill and just minutes from shopping, dining and entertainment this area is a popular choice with new Palos Verdes residents. Here's an update on Single Family Home activity for September 08: Active Listings:  10 properties are listed for sale priced from $850,000 (short sale) to $1,475,000. Pending Sales:  3 properties are in escrow priced from $799,000 t0 $1,329,000. September Sales:  2 properties closed escrow for $990,000 and $1,465,000. If you have questions about the Crest neighborhood, or would like tips on preparing your home for sale, you may email or call me and I'll provide the information.  I look forwa...
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