I read in today's Palos Verdes Patch Donald Trump plans to donate 11.5 acres of coastal Rancho Palos Verdes land valued at $25 million.  The property is alongside Trump National Golf Course and was originally earmarked for luxury homes.  Instead, it will be donated to the Palos Verdes Peninsula Land Conservancy to be used for recreation. Applause, applause!  Thank you, Mr. Trump for understanding what our open space means to us and future generations. 01/16/2015

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2014:   Properties Sold: 8     Average Sales Price of homes sold during 4th quarter: $ 1 million Properties for Sale as of 12/31/2014: 4 ( 1  month inventory of unsold homes , based upon the average number of homes sold per month during the quarter of 3, with 4 homes in escrow at the end of December)      Average List Price at 12/31/2014: $ 1.4 million     Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 549 per sq. ft.         Properties sold at an average of 96% of List Price   For more Palos Verdes real estate market reports see the following link on my website: Market Reports   01/15/2015

TheCrest area of Rancho Palos Verdes and Rolling Hills Estates( area 174 in map below )had the followingreal estate market activity for single family residences during the 4th Quarter of 2014:   Properties Sold: 7     View from Crest area - Del Cerro Park   Number of Properties listed for sale as of 12/31/2014: 2 (  Less than 1 month of inventory based on the average number of homes per month sold in the quarter of 2 )        Average List Price at 12/31/2014: $ 1.3 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $499 per sq. ft., a 8% increase over last years comparable quarter.     Properties Sold for an Average of 96% of list price during the quarter:       For more Palos Verdes real estate market reports see the following link on my website: Market Reports   01/15/2015

The Los Verdes area of Rancho Palos Verdes (Area 173 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 8   Average Sales Price of homes sold during 4th quarter: $ 1.1 million   Los Verdes Street with Ocean View Properties for Sale as of 12/31/2014:  4 ( 1-2 months of inventory based on the average number of homes sold per month during the quarter of 3 )  Average List Price at 12/31/2014: $ 1.1 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 517 per sq. ft.         Properties sold at an average of 93% of Original List Price   For more Palos Verdes real estate market reports see the following link on my website: Market Reports   01/15/2015

The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the followingreal estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 8     Average Sales Price of homes sold during 4th quarter: $ 2.5 million     View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 12/31/2014: 8 ( about 2-3 months of inventory based on the average number of homes per month sold in the quarter of 3)        Average List Price at 12/31/2014: $ 2.5 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $547 per sq. ft.,       Properties sold at an average of 87% of Original List Price For more Palos Verdes real estate market reports see the following link on my website: Market Repo... 01/15/2015

The Country Club area of Rancho Palos Verdes (area 171 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 12   Average Sales Price of homes sold during 4th quarter: $ 1.6 million   Properties for Sale as of 12/31/2014: 3  ( less than 1 month of inventory based on the average number of homes sold per month in the last quarter of 4 )      Average List Price at 12/31/2014: $1.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 469 per sq. ft.     Properties sold at an average of 94% of Original List Price and took about 2 months to sell during the quarter.  For more Palos Verdes real estate market reports see the following link on my website: Market Reports   01/15/2015

The West Palos Verdes area of Rancho Palos Verdes( area 170 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2014: Properties Sold: 6   Average Sales Price of homes sold during 4th quarter: $ 2.1 million (The sales statistics for homes in the West Palos Verdes area may be distorted due to the fact that homes in the Ocean Front Estates next to the ocean are high end estate properties while the rest of the area to the east of Palos Verdes Drive tend to be more moderately priced older homes.)   Properties for Sale as of 12/31/2014: 11 (About 5 months of inventory based upon the average number of homes sold per month during the last quarter of 2 Average List Price at 12/31/2014: $ 4.9 million Average Price per Sq. Ft. for P... 01/15/2015

The Palos Verdes Dr. South area of Rancho Palos Verdes(area 169 in map below )had the following real estate market activity for single family residences during the 4thj Quarter of 2014: Properties Sold: 8 Average Sales Price of homes sold during 4th quarter: $ 1.7 million   Properties for Sale as of 12/31/2014 12 , (equal to 4 months of inventory at the average number of homes sold each month in the last quarter of 3 ). There are 0 properties in escrow at the end of December.     Average List Price at 12/31/2014: $2.7 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $619 per sq. ft.   Properties sold at an average of 93% of List Price and took 2 to 3 months to sell during the quarter.   For more Palos Verdes real estate market reports see the following link on my w... 01/15/2015

The Mira Catalina area of Rancho Palos Verdes( area 168 in map below ) had the following real estate market activityfor single family residences during the 4th Quarter of 2014:   Properties Sold: 7 Average Sales Price of homes sold during 4th quarter: $1.3 million   Properties for Sale as of 12/31/2014 :  7 ( equal to about 3 months inventory ) . There are 0 properties in escrow at the end of December.     Average List Price at 12/31/2014 $ 1.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 543  per sq. ft. Because of the small number of sales, the price per sq. ft. fluctuates widely       Properties sold at an average of 95% of Original List Price and about 2 months to sell during the quarter.   For more Palos Verdes real estate market reports see the followin... 01/15/2015

The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2014 : Properties Sold: 13 ( A 67% increase from the 8 homes sold during the 4th quarter of 2013 )     Average Sales Price of homes sold during 4th quarter: $ 1.2 million Properties for Sale as of 12/31/2014: 13 (2-3 months inventory based upon the average of 5 homes sold per month during the quarter ). There are 5 homes in escrow at the end of December.        Average List Price at 12/31/2014: $ 1.6 million   Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 453 per sq. ft. Properties sold at an average of 91% of List Price and took approx. 2 months to sell    For more Palos Verdes real estate ... 01/15/2015

Terranea Resort Hosts Art To Grow On "Winter Impressions" 2015 The Palos Verdes Peninsula Land Conservancy and Art to Grow On will  hold their “Winter Impressions" workshop at Terranea Resort on Saturday, January 31st, 2015, from 10:00 a.m. to 12:00 noon.  Palos Verdes homes owners can enjoy this fun family nature & art workshop here at our beautiful coastline.  This morning begins with a short hike down the discovery trail with children’s activities along the path.  While walking, the children are to observe patterns of color and the different textures that are seen in nature.  Then they will take this knowledge to the workshop which will be dedicated to this season’s theme of  “Trail Tracks."   The young artists will transfer all their new impressions into their own masterpiece.  This... 01/14/2015

Overview of the housing market in PV, the Beach Cities and South Bay of LA.   The New Year is starting the calendar year off with a strong seller's market in all areas of the South Bay of Los Angeles based on our market snapshots for Palos Verdes, the beach cities of Manhattan Beach, Hermosa Beach and Redondo Beach.  The South Bay market as a whole is still very much a seller's market. However, it is important to remember there are markets within markets.  For example, the luxury home market in Palos Verdes is not as "hot" as the luxury home markets in Manhattan Beach and Hermosa Beach.   In summary, it's a great time to be a seller as inventory is still limited.  Buyers, if 2015 is your year to purchase a home, my advice is begin early.  There are rumblings that interest rate increases... 01/13/2015

    790 Palos Verdes residential properties sold during 2014.  Single family homes accounted for 648 of those closed sales.  Those are strong numbers.  The bulk of real estate sales on the Palos Verdes Peninsula are single family residences and 2014 was no exception.   We begin 2015 with 178 residential properties for sale in Palos Verdes with 142 being single family homes.  The other 36 properties are townhouses and condos.   Interest rates are predicted to begin edging up by the middle of the year--maybe sooner.  Undoubtedly, an increase in interest rates will have some impact on the market and both buyers and sellers will be affected.  For those of you considering entering the market,  the first half of 2015 appears to be the time to make that move for both sellers and buyers. For h... 01/07/2015

Whale Watching Has Started in Palos Verdes! Pointe Vicente Interpretive Center has already started their Whale Watching season countings.  This famous landmark gives Palos Verdes homes owners a local center where they can go and watch these massive mammals off our coastline.   This season officially started December 1, 2014, and according to the Point Vicente Interpretive Center, 110 whales have been counted going south as of December 18th.  This number is higher than past years, and in the last two years the numbers have been growing.  Most of the whales are traveling south to Baja and the concern in the last several months has been that they are swimming in the large container ship paths. To see these magnificent creatures, there are several different local options for you to choose f... 01/02/2015

Eastview neighborhood real estate and home sales report for Rancho Palos Verdes, CA in December 2014. The Eastview neighborhood was formerly a part of the City of Los Angeles. Years ago it was annexed by Rancho Palos Verdes and the residents have the option of attending Palos Verdes Unified or Los Angeles Schools. The area is one of the most affordable on the Palos Verdes Peninsula. Homes for sale in the Eastview section of RPV: See all Rancho Palos Verdes homes Looking for a good real estate agent in Palos Verdes?  Norma is a local broker-owner that has been serving the Palos Verdes area for two decades. Homes in escrow in the Eastview section of RPV: Homes that sold in the last 12 months in Eastview RPV under $700,000: Homes that sold in the last 12 months in Eastview RPV over $700,0... 12/25/2014

Silver Spur neighborhood real estate and home sales report for Rancho Palos Verdes & Rolling Hills Estates, CA in December 2014. Silver Spur is a popular neighborhood for first time residents on the Palos Verdes Peninsula. Silver Spur is also one of the most affordable neighborhoods on the Palos Verdes Peninsula. That's a winning combination and consequently the demand for Silver Spur homes is always high. Homes for sale in Silver Spur: (See all homes in Rolling Hills Estates - All homes in Rancho Palos Verdes) Looking for a great Palos Verdes agent to list your house?  Norma Toering is a local broker that has worked in Palos Verdes for two decades. Homes in escrow in Silver Spur: Homes that sold in the last 12 months in Silver Spur, Palos Verdes under $900,000: Homes that sold in the l... 12/24/2014

Peninsula Center neighborhood real estate and home sales report for Rolling Hills Estates & Rancho Palos Verdes, CA in December 2014. Peninsula Center neighborhood is centrally located on the Palos Verdes Peninsula with easy access off the hill. Many of the homes have wonderful views and all the conveniences of living near shopping, dining, library are at the fingertips of residents of the Peninsula Center neighborhood. Homes for sale in the "Pen Center" area of Palos Verdes: (Homes in Rolling Hills Estates - Homes in Rancho PV) Looking for a Palos Verdes real estate agent?  Norma is a PV broker that has worked in the area for two decades. Homes in escrow in the Peninsula Center neighborhood: Homes that sold in the last 12 months in the Peninsula Center neighborhood: 12/23/2014

Crest neighborhood real estate and home sales report for Rancho Palos Verdes & Rolling Hills Estates, CA in December 2014. Crest neighborhood is home to both spectacular view homes and several other gated communities from single family homes to townhouses. It is close to the town center with dining, shopping, banking and other amenities just minutes away. Homes for sale in the Crest area of Palos Verdes: (Homes in all of Rolling Hills Estates or RPV) [idx-listings linkid="230361" count="45" showlargerphotos="true"] Homes in escrow in the Crest area of Palos Verdes: Homes that sold in the last 12 months in the Crest neighborhood under $1.2M: Homes that sold in the last 12 months in the Crest neighborhood over $1.2M: 12/22/2014

Los Verdes neighborhood real estate and home sales report for Rancho Palos Verdes, CA in December 2014. Los Verdes is a lovely community below Hawthorne Blvd, yet still high above the Pacific Ocean. Its location offers some of Palos Verdes most affordable homes and many of them come with a view and within walking distance of Vista Grande Elementary School. Homes for sale in Los Verdes in PV: (See more Rancho Palos Verdes homes for sale or homes in all of PV) [idx-listings linkid="229387" count="45" showlargerphotos="true"] Homes in escrow in Los Verdes in Palos Verdes: Homes that sold in the last 12 months in Los Verdes under $1.1M: Homes that sold in the last 12 months in Los Verdes over $1.1M: 12/21/2014

Is it just my imagination, or do prospective buyers pay more attention to fireplaces during the holiday season?   I'm always pleased when a potential buyer begins to imagine her family and friends in various rooms of the houses we are touring. When holidays, and cooler weather, are on the horizon it's a positive sign if customers check out the location of the fireplaces in a property.   A home with a luxurious fireplace seems all the more inviting this time of year. 12/21/2014