Rancho Palos Verdes, CA Real Estate News

By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 65 homes in the City of Rancho Palos Verdes at the end of March is up about 3% compared to the end of March last year. The average number of homes sold per month over the last 3 months of 20 homes per month, is down 19% compared to the same 3 month period last year. There are 39 homes in escrow at the end of March, however, showing strong recent sales activity.       The following are the 61 propeties sold in Rancho Palos Verdes during the 1st quarter of 2017:       The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $563 is up 3% over the comparable period last year.     The average list price of homes offered for sale of $2.5 million is now 5% higher than this time last year. The average price of hom...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
PVE Luxury Home View  There are currently 49 Palos Verdes luxury homes for sale priced at or over $3,000,000.Where are these high-end homes located? Here is the location breakdown by the city:Palos Verdes Estates:  20Rancho Palos Verdes:  14Rolling Hills:  13Palos Verdes Peninsula (the unincorporated areas of the Palos Verdes Peninsula): 1Rolling Hills Estates:  1 11 Palos Verdes luxury homes are in escrow with accepted offers.Five Palos Verdes high-end homes sold YTD in 2017.  For more information on the Palos Verdes luxury home market contact Norma@CharlemagneProperties.com or 310.493.8333
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 60 homes in the City of Rancho Palos Verdes at the end of Decenber is down about 14% compared to the end of December last year. The average number of homes sold per month over the last 3 months of 37 homes per month, is up 13% compared to the same 3 month period last year. There are 26 homes in escrow at the end of December.       The following is a list of the 40 homes sold during the month of December 2016:     Average sold price: $1475,000         The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $547 is about the same as the comparable period last year.     The average list price of homes offered for sale of $2.3 million is now 12% higher than this time last year. The average price of homes sold ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
28173 Ridgecove Court Townhouse in RPV LISTED and SOLD by Norma Toering   The sale of a two-bedroom townhouse in a gated community in Rancho Palos Verdes was the perfect way to close out 2016 and complete my final sale of the year. It was a whirlwind experience; list the property week one, open escrow with the accepted offer week two, and close the sale week three.   Thanks to lovely clients and an accomplished team the experience and results were both outstanding. I’ll let the Seller’s words share their experience with Charlemagne International Properties: “Norma was referred to us by a good friend who was very satisfied with the service she provided in the purchase of his new home. When we first met with Norma, we were very impressed with her knowledge of the local housing market and ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The 2016 Holiday Parade of Boats in Los Angeles Harbor will be held this Saturday, December 3rd beginning at 6 PM . This annual parade, celebrating the 54th year with the theme ‘Hollywood at the Harbor,’ marks the start of the Holiday Season here in the harbor. Jaina Lee Ortiz, co-star of Fox 11’s new hit series ‘Rosewood’ will lead this year’s parade as Grand Marshal. Our Commodore of the Fleet is Tommy Lasorda, legendary baseball player and LA Dodgers manager. The Exy Johnson, one of the official Tall Ships and Maritime Ambassadors of the City of Los Angeles along with vessels of all shapes and sizes will participate including powerboats, sailboats and harbor working craft.Vessels of all shapes and sizes will participate including powerboats, sailboats, tall ships and harbor working 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)
 As we enter the last month of 2016, my thoughts are turning to how I can better serve my clients in 2017. Over the years it has become apparent there are a plethora of ways an agent can enhance their clients' well-being in financial matters as well as from an emotional point of view. Let's face it selling a house is stressful even under the best of circumstances. Preparing a property to go on the market can take weeks of planning and work if not months. There are so many decisions to make--should you paint, replace the carpet, refinished the wood floors or even delve into remodeling the kitchen and a bath or two.  The exterior landscaping must be assessed.  The local real estate market must be studied and marketing a property is an ongoing 24/7 job in this Age of Social Media. Selling ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Oops, it happened again.  The number of available Palos Verdes single-family homes for sale dropped below 200. The shrinking supply pushed the market toward an even stronger sellers' market. Similar market trends apply to the Beach Cities real estate market as well.  Low inventory has become our new normal. At the current rate of absorption, Palos Verdes has less than two months of available inventory and the Beach Cities has just over six weeks, yes weeks, unless new listings are added. Palos Verdes Real Estate Market Report for Single-Family Homes:187 Palos Verdes single family homes are for sale.102 Single-family properties are under contract with accepted offers.584 Palos Verdes single-family residences closed escrow YTD.  Beach Cities Single-Family Homes Real Estate Market Report f...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Luxury Homes in Rancho Palos Verdes, CA  Rancho Palos Verdes was named one of the "Best Small Cities in America" by WalletHub and Manhattan Beach and Redondo Beach made the list as well. It's a pleasure to live and work in a geographical area with three cities on the very selective list. The Palos Verdes luxury home market, along with the luxury segment of the Beach Cities real estate market, reflects the desirability of this coastal area in the South Bay of Los Angeles.  Coastal Luxury Homes in Rancho Palos Verdes, CA  Here's your update on luxury homes priced over $3,000,000 in Palos Verdes and the Beach Cities of Manhattan, Hermosa, and Redondo.Palos Verdes:53 Palos Verdes luxury homes are currently for sale.12 Palos Verdes luxury properties are in escrow with accepted offers.YTD in...
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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's some pleasant news for Palos Verdes luxury homeowners, especially those who have their single family residence for sale, the high-end housing market in Palos Verdes picked up a little steam after languishing during the final months of summer. Supply is still outstripping demand and tipping the balance toward a buyers' market, but Palos Verdes luxury homes continue to sell.  Note the "Little Yellow Dot" on our market snapshot slider for Palos Verdes and the Beach Cities is moving toward the left, after a couple of month of sliding toward a market favoring buyers. The luxury home market in the Beach Cities remains strong, and the high-end home market in Palos Verdes is moving back into neutral territory with a more balanced market favoring neither sellers nor buyers.    Palos Ver...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 100 homes in the City of Rancho Palos Verdes at the end of September is down about 17% compared to the end of September last year. The average number of homes sold per month over the last 3 months of 35 homes per month, is up 1% compared to the same 3 month period last year. Only 22 homes were sold in September, however, a 37% drop from the prior year but there are 39 homes in escrow at the end of September.       The following is a list of the 22 homes sold during the month of September 2016:   Average sold price: 1,378,000         The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $548 is about the same as the comparable period last year.     The average list price of homes offered for sale of $2.0 ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
  I enjoy taking sunrise walks along the Palos Verdes coastline. Yesterday, by the time I reached the new luxury homes in various states of construction at The Estates at Trump National in Rancho Palos Verdes the sun was illuminating the row of new luxury homes, and I could not help but reach for my iPhone to capture the photo.  Per the Multiple Listing Service information, there are currently two homes for sale priced at $4,299,000 and $5,499,000 at The Estates at Trump National, and two residences in escrow, each priced at $4,499,000, with accepted offers. Records show one sale of $3,600,000 in the past six months for a luxury home on Emerald View Drive. After a slow start in 2005 and coping with the recession and housing market crisis, it appears sales are picking up at Trump Nationa...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
 Okay, there will be a few words here. otherwise, how will you know where to go to claim a few of these fabulous, if a bit unusual, pumpkins? Find them at Trader Joe's and better hurry because there were many customers admiring the display, and many carts had at least one pumpkin in it as the shoppers wheeled away. 
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By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
The way you live in your home and the way you are sell it are two different things. The Tyndall Team specializes in preparing your home so it is "show ready" when it hits the market. After all, you only get one chance to make a first impression. Here are some of our most recent before and after photos. AND AFTER...With this particular home, we went in and added fresh paint, switched out the dining room fixture for a modern one and staged it with furniture and accessories. It sold within the first week over the list price.If you would like to meet with the Tyndall Team to discuss preparing your Torrance, San Pedro or Redondo Beach or  Palos Verdes home for sale, and go over our suggestions and services, please contact : rmartiens@gmail.com 
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 120 homes in the City of Rancho Palos Verdes at the end of Augustis up about 3% compared to the end of August last year. The average number of homes sold per month over the last 3 months of 46 homes per month, is up 17% compared to the same 3 month period last year. There are 39 homes in escrow at the end of August.       The following is a list of the 40 homes sold during the month of August 2016:   Average sold price: 1,400,830         The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $549 is about the same as the comparable period last year.     The average list price of homes offered for sale of $2.0 million is now 3% higher than this time last year. The average price of homes sold has been much ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
 I was out walking this morning and passed by a few luxury homes in various states of completion at The Estates at Trump National in Rancho Palos Verdes, CA.  I snapped a photo for my Instagram account and decided to reuse it here where I can add a bit more information. Yes, we do have new construction homes for sale on the Palos Verdes Peninsula.  The development is located along Palos Verdes Drive South and includes an 18-hole golf course and a clubhouse with several oceanview dining options. The residences at The Estates at Trump National have access to hiking trails that hug the cliffs and rocky coastline of the Pacific Ocean. If you are searching for a luxury coastal home in the Greater Los Angeles area, don't miss out on these prime properties with commanding views and high-end am...
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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 Palos Verdes Peninsula is located in southern Los Angeles County in California, USA. The peninsula rises above the surrounding city earning it the local nickname of "The Hill." With the beautiful Pacific Ocean to the west and south, Palos Verdes is also adjacent to the South Bay cities of Torrance, Lomita and San Pedro. The "Beach Cities" of the South Bay are also nearby to the north including Redondo Beach, Hermosa Beach and Manhattan Beach. Palos Verdes has close access to the 405 Freeway and the 110 Freeway connecting to most freeways in the Los Angeles and Orange County areas.   As the City of Los Angeles grew up in the era of the personal automobile, most residents track the distance to nearby CA events and locations by the common phrase; "How long does it take to drive there?...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 112 homes in the City of Rancho Palos Verdes at the end of July is up about 6% compared to the end of July last year. The average number of homes sold per month over the last 3 months of 44 homes per month, is up 9% compared to the same 3 month period last year. There are 44 homes in escrow at the end of July.       The following is a list of the 43 homes sold during the month of July 2016:   Average sold price: 1,399,895         The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $549 is about the same as the comparable period last year.     The average list price of homes offered for sale of $2.1 million is now 11% higher than this time last year. The average price of homes sold has been much lower 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)
It's not too late to catch the wave!  August is often accompanied by a slowing of the real estate market.  After all, it is the last month of summer vacation, and the back-to-school rush is upon us as well.  It is no surprise house hunting often falls lower on the priority list. However, it is not too late to catch the strong real estate market wave Palos Verdes continues to enjoy. The luxury market is defined (by me) as those homes priced at or above $3,000,000.  At the current time, properties in the luxury price range comprise nearly one-fourth of all single-family homes listed for sale in Palos Verdes. Palos Verdes Luxury Homes Currently For Sale:  57 Single-family Palos Verdes luxury homes are listed for sale priced at or above $3,000,000.Palos Verdes Luxury Homes Pending Sales:  ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
I recently attended a webinar given by two of California Association of Realtors' top economists. They presented lots of charts, graphs, and accompanying statistics and I will do my best to boil down the findings and share a few nuggets of numbers and trends that are particularly apropos to the local Palos Verdes and Beach Cities real estate markets as we enter the second half of 2016. Here are my chief takeaway points: 1)  Inventory is still constraining California's housing market.  Most markets have a 3-4 month supply of homes for sale.  The exception is the luxury market where available inventory stands at approximately a six-month supply in most markets.2) California sales are up 2.1% over 2015 sales.3)  Appreciation rate is slowing.4) 94% of sales YTD are non-distressed. Californi...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 114 homes in the City of Rancho Palos Verdes at the end of June is up about 13% compared to the end of June last year. The average number of homes sold per month over the last 3 months of 41 homes per month, is up 2% compared to the same 3 month period last year. There are 43 homes in escrow at the end of June.       The following is a list of the 56 homes sold during the month of June 2016:   Average sold price: 1,292,000 Median sold price: 1,297,000       The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $543 about the same from the comparable period last year.     The average list price of homes offered for sale of $2.1 million is now 12% higher than this time last year. The average price of homes...
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