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)
Palos Verdes Drive South neighborhood real estate and home sales report for Rancho Palos Verdes, CA.The south side of Rancho Palos Verdes is fast becoming the resort side of the Palos Verdes Peninsula as the location is home to Terranea Resort and Trump national Golf Course. The neighborhood is graced with some of the most breathtaking views on the entire Palos Verdes Peninsula.Palos Verdes Drive South homes for sale: (See all Rancho Palos Verdes homes for sale)- Rancho Palos Verdes Listing Broker CharlemagnePalos Verdes Drive South homes in escrow:Homes that have sold in the last 12 months in the PV Drive South area under $1.5M:Homes that have sold in the last 12 months in the PV Drive South area over $1.5M:Palos Verdes Housing Market Indicator - Feb. 2016
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Mira Catalina neighborhood real estate and home sales report for Rancho Palos Verdes, CA.The Mira Catalina neighborhood is home to Marymount College, a four year college, and the area enjoys spectacular views of Catalina Island. Mira Catalina Elementary School is located in the neighborhood and is within walking distance of most of the homes.Palos Verdes homes for sale in Mira Catalina: (See all RPV homes for sale) - Rancho Palos Verdes Top AgentMira Catalina homes in escrow:Mira Cat. (Palos Verdes) homes that have sold in the last 12 months:Palos Verdes Housing Market Indicator - Feb. 2016
Comments 1
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Palos Verdes Drive East neighborhood real estate and home sales report for Rancho Palos Verdes, CA.The Palos Verdes Drive East neighborhood is known for its large lots and lower density than many neighborhoods on "The Hill". Although there are pockets with a subdivision feel, the area is known for its country atmosphere. It also has one of the best locations for easy freeway access. A wide variety of styles and prices are available.Palos Verdes Drive East area homes for sale: (See all Rancho Palos Verdes homes for sale)Top Agent for Rancho Palos Verdes CAPalos Verdes Drive East area homes in escrow:Palos Verdes Drive East, RPV homes that have sold in the last 12 months under $1M:Palos Verdes Drive East, RPV homes that have sold in the last 12 months over $1M:Palos Verdes Housing Market ...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Not everyone knows Palos Verdes Peninsula is famous not only for its breathtaking array of coastal and city views, but also is home to some of the finest equestrian estates in Southern California. Two cities are renowned for horse properties--Rolling Hills and Rolling Hills Estates. Rancho Palos Verdes is home to the Portuguese Bend Club with its boarding stables, riding rings and coastal trails. Palos Verdes Estates also has a stable in the Valmonte neighborhood, and it's not uncommon to see a group of riders out for a ride beneath the eucalyptus trees that line Palos Verdes Drive North. Each of the four cities on the Palos Verdes Peninsula partakes in the equestrian lifestyle.Josh and I previewed horse property in Rolling Hills Estates during this week's tour of new listings. The remo...
Comments 2
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
It's no secret the supply of available homes for sale on the Palos Verdes Peninsula is limited and buyer demand is high.  The January statistics are in, and they reflect more of the same--low inventory and high demand from buyers ready to purchase a Palos Verdes home.  Such has been the case for the past several years, and the trend shows no evidence of disappearing anytime soon. 2016 Palos Verdes Housing Market Looks "Rosy" for Sellers  Sellers, with the increase in prices and limited competition in the marketplace, now is an excellent time to consider selling your Palos Verdes property.Here's how the Palos Verdes housing market ended the month of January 2016:31 Palos Verdes single family homes sold during January.71 Palos Verdes single family homes are in escrow with accepted offers....
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Today, Josh and I attended an estate planning seminar for real estate professionals regarding probate (and how to avoid it), wills (basically a letter to a probate judge), and trusts. It is our goal to be a constant source of valuable real estate information for our clients by attending a variety of educational seminars and classes, then passing the information along to our clients. Purchasing, selling or shifting an asset to an entity requires careful consideration as there can be tax and financial ramifications. We are not specialists in law or tax experts, but we highly recommend consulting with a professional in the appropriate field prior to selling or buying a property. The right attorney or CPA will be as valuable to you as the right real estate agent. Both can help you structure...
Comments 3
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Eastview area of Rancho Palos Verdes( area 177 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 25     Average Sales Price of homes sold during 4th Quarter: $ .7 million   Properties for Sale as of 12/31/2015:   9 ( 1 month inventory, based on the average monthly sales in the most recent quarter of 8 homes sold per month, but with 4 properties in escrow at the end of the quarter)       Average List Price at 12/31/2015: $ .9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 475 per sq. ft.   Properties sold at an average of 88% of Original List Price For more Palos Verdes real estate market reports see the following link on my website: Market Reports      
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015: Properties Sold: 11  Average Sales Price of homes sold during 4th quarter: $ 1.1 millionProperties for Sale as of 12/31/2015: 6 ( 2  month inventory of unsold homes , based upon the average number of homes sold per month during the quarter of 3, with 3 homes in escrow at the end of December)   Average List Price at 12/31/2015: $ 1.3 million  Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 613 per sq. ft.       Properties sold at an average of 97% of List Price For more Palos Verdes real estate market reports see the following link on my website: Market Reports 
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Crest area of Rancho Palos Verdes and Rolling Hills Estates (area 174 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 8 Average sales price of homes sold during 4th quarter: $1.2 million View from Crest area - Del Cerro Park Number of Properties listed for sale as of 12/31/2015: 3 (1 month of inventory based on the average number of homes per month sold in the quarter of 3)        Average List Price at 12/31/2015: $ 1.5 millionAverage Price per Sq. Ft. for Properties Sold during 4th Qtr: $496 per sq. ft.    Properties Sold for an Average of 98% of list price during the quarter:   For more Palos Verdes real estate market reports see the following link on my website: Market Reports 
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015:Properties Sold: 9 Average Sales Price of homes sold during 4th quarter: $ 1.2 million Los Verdes Street with Ocean ViewProperties for Sale as of 12/31/2015:  1 ( less than one months inventory )  Average List Price at 12/31/2015: $ 1.2 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 557 per sq. ft.         Properties sold at an average of 96% of Original List Price and took 2 months to sell For more Palos Verdes real estate market reports see the following link on my website: Market Reports 
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The La Cresta area of Rancho Palos Verdes and Rolling Hills Estates( area 172 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 9     Average Sales Price of homes sold during 4th quarter: $ 2.4 million     View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 12/31/2015: 7 ( about 2 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: $ 2.1 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $573 per sq. ft.,       Properties sold at an average of 95% of Original List Price and took 2-3 months to sell For more Palos Verdes real estate market reports see the following link...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015: Properties Sold: 7     Average Sales Price of homes sold during 4th quarter: $ 1.8 million   Properties for Sale as of 12/31/15: 1  ( less than a months of inventory based on the average number of homes sold per month in the last quarter of 7 )     Average List Price at 12/31/15: $4.2 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 500 per sq. ft.     Properties sold at an average of 93% of Original List Price and took 2-3 months to sell  For more Palos Verdes real estate market reports see the following link on my website: Market Reports  
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015: Properties Sold: 6   Average Sales Price of homes sold during 4th quarter: $ 1.3 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 12/31/2015: 8 (About 4 months of inventory based upon the average number of homes sold per month during the last quarter of 2. Average List Price at 12/31/2015: $ 5 million Average Price per Sq. Ft. for Pro...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 4th Quarter of 2015: Properties Sold: 8 Average Sales Price of homes sold during 4th quarter: $ 2.1 million   Properties for Sale as of 12/31/2015: 8. (equal to 2-3 months of inventory at the average number of homes sold each month in the last quarter of 3 ). There are 4 properties in escrow at the end of December.     Average List Price at 12/31/2015: $1.7 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $626 per sq. ft.   Properties sold at an average of 98% of List Price and took 2 months to sell during the quarter.   For more Palos Verdes real estate market reports see the following link on my websi...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015:   Properties Sold: 2 Average Sales Price of homes sold during 4th quarter: $1.3 million   Properties for Sale as of 12/31/2015 :  8 ( equal to about 4 months inventory ) . There is 1 property in escrow at the end of December.     Average List Price at 12/31/2015 $ 2.2 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 655  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 1 month to sell during the quarter.   For more Palos Verdes real estate market reports see the following li...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
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 2015: Properties Sold: 14      Average Sales Price of homes sold during 4th quarter: $ 1.5 million Properties for Sale as of 12/31/2015: 16 (3 months inventory based upon the average of 5 homes sold per month during the quarter ). There are 2 homes in escrow at the end of December.        Average List Price at 12/31/2015: $ 1.6 million   Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 561 per sq. ft. Properties sold at an average of 94% of List Price and took approx. 2 months to sell    For more Palos Verdes real estate market reports see the following link on my website: Market Reports  
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The City of Rancho Palos Verdes real estate market has been relatively strong . The number of homes listed for sale at the end of December decreased to 70 homes and is 1% higher than the same time last year. The monthly average number of properties sold during the last three months of 33 homes,  is up about 9% compared to the similar period last year. There are 23 homes in escrow at the end of the quarter.There is between 2 to 3 months of inventory.           The average price per sq. ft. of homes sold during the 4th quarter of $553 per sq. ft.is up approx. 14% from last year.             As noted in the chart below, the amount of time to sell a home during the last quarter was 2 months . Properties are selling at an average of 94% of their list price.     The average list price of home...
Comments 1
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Josh and I decided to have more fun with our real estate videos in 2016 after hearing a high percentage of sellers and buyers would rather have a root canal than repeat their most recent real estate experience. This video is our first "duet" effort, and although far from perfect, it is unscripted and unrehearsed. It's authentically us! Along with all the other professional goals of improving our service to our treasured clientele and keeping up to date on real estate trends and changes in the market, we decided it was time to make working with us more fun.   Selling or buying a home can be a stressful situation, and it's our goal to reduce the stress and make the experience as pleasant as can be given paperwork, inspections, negotiations and loan applications must continue to be a part ...
Comments 4
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Josh and I attended the Palos Verdes Board of Realtors' breakfast meeting this morning.  The breakfast was okay, but the speaker, the chief economist for California Association of Realtors,  was excellent.I covered most of the information she shared in my end of the year video message, but some interesting points were:  The 2016 California housing market is projected to be more robust than 2015--good, but not great due to limited inventory and a gradual increase in interest rates. Mortgage rates are projected to stay relatively attractive with only small and slow increases in 2016.  The average interest rate is projected to be 4.5%. Affordability continues to be an issue--only 24% of L.A. residents can afford the average home. The "new normal" is only three to four months of housing inv...
Comments 3
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
If one of your 2016 New Year's resolutions is to find a top Palos Verdes real estate agent(and brokerage) to help you maximize the value of your Palos Verdes property before you sell, we hope Charlemagne International Properties is on your radar. If not, it should be, and here's why:  One of the most valuable things the best and brightest agents in the field can do is make sure your property sells for its highest and best value.  Achieving your real estate goal requires much more than planting a sign in your front yard.  For more ways to help you achieve your Palos Verdes real estate goals read the rest of the article here.
Comments 3