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)
 There's an article circulating on the Internet with the title, and I'm paraphrasing here, "Boys Can Play with Barbies, too."  The article goes on to say marketing is becoming genderless as the female and male roles in society continue to evolve and be redefined. It made me stop and think--do I market to men, women, or both?  The answer was easy--I market to buyers and sellers without regard to their sex.  My sellers and buyers are a mashup of the wonderful mix of people who sell and buy real estate, and that's nearly everyone. I don't have to be concerned whether my marketing will appear sexist or ignore half the population.  I target everyone interested in entering the real estate market in my particular marketplace.   Geographic? Yes.  Gender? No.   Real estate is once again on the l...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
We received our typical end of the year flurry of calls from buyers who are searching for an income property to add to their real estate portfolio or even a new primary residence.  Whether they had their pre-tax appointment with their accountant or decided it was time to upsize or downsize, the end month of December is decision time for many buyers. Although the holidays are often referred to as "the most beautiful time of the year" they can also be the busiest time of the year for sellers, buyers and their agents.  Sellers who are anxious to receive an offer may make a price reduction and buyers who have a few extra days off work may be anxious to tour houses for sale.   Make sure if your home is on the market, it is available to show during the holidays.  I know prospective buyers pur...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Santa Claus is Coming to Town! Santa Claus is coming to town! He'll be guiding his sleigh though the streets of Rancho Palos Verdes (weather permitting) between Tuesday, December 15th and Friday, December 18th. This special visit is sponsored by and coordinated through the efforts of the personnel at the Lomita Sheriff's Station. Stops will include: - Rolling Hills Riviera on December 15th- Caddington & Strathmore on December 16th- Mira Vista on December 17th- Seaview and Ladera Linda on December 18th Children of all ages are encouraged to come out, chat with Santa, and get a candy cane. A Sheriff's patrol car will precede Santa's sleigh, announcing his arrival. Please look for "Santa Stops Here" signs along the route. Santa's Sleigh Schedule
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The 2015 Holiday Parade of Boats in Los Angeles Harbor will be held this Saturday, December 5th beginning at 6 PM . This annual parade, celebrating the 53rd year with a playful theme ‘Santa’s Minions,’ marks the start of the Holiday Season here in the harbor. Los Angeles Deputy Mayor of Economic Development, Kelli Bernard will lead this year’s parade as Grand Marshal along with Commodore of the Fleet, 15th District Councilman Joe Buscaino aboard the Irving Johnson and Exy Johnson, the official Tall Ships and Maritime Ambassadors of the City of Los Angeles. Vessels of all shapes and sizes will participate including powerboats, sailboats, tall ships and harbor working craft. Entries will be judged and trophies awarded for various classifications, such as Originality, Theme, Type of Entry ...
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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're in the market to either sell or purchase a property in the near future here is some insider information that will add to your knowledge of what's happening in the local and California real estate market as 2015 draws to a close.Last week I listened to a webinar hosted by Oscar Wei, a senior economist with California Association of Realtors.  He shared snippets of real estate trends and statistics with brokers and agents in hopes this information can be used as we formulate our business plans for 2016.  At Charlemagne Int'l Properties we feel one of our primary goals is to share our real estate knowledge to educate prospective sellers and buyers so they can make the most informed and intelligent decisions when they purchase or list a property.Here are some of the most pertinen...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Los Verdes neighborhood for the first half of 2015 increased to 19 single family homes sold in 2015 compared to 14 in 2014.  Price per square foot for Los Verdes houses that sold in the first half of 2015 increased to $556 from $492 in 2014, a 13.1% increase.  Average sales price for Los Verdes homes sold in the first half of 2015 increased to $1,082,500 in 2015 compared to $1,039,071 in 2014.  The most expensive Palos Verdes home sold in the Los Verdes neighborhood was $1,469,500 and the lowest priced Palos Verdes home sold in the Los Verdes neighborhood was $900,000.Currently, the Los Verdes neighborhood has 9 Palos Verdes homes for sale.  There are 9 single family homes for sale ranging in price from $959,000 for a 3 bedroom/2 bath, 1,434 square foot h...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The level of inventory of homes for sale of 108 homes in the City of Rancho Palos Verdes at the end of October is up about 25% compared to the end of October last year. The average number of homes sold per month over the last 3 months of 35 homes per month, is down 2% compared to the same 3 month period last year. There are 37 homes in escrow at the end of October.       The following is a list of the 39 homes sold during the month of  October 2015:         The average price per sq. ft. for homes sold in Rancho Palos Verdes over the last 3 months of $524 which is approx. 1% higher than the comparable period last year.     The average list price of homes offered for sale of $2.0 million is now 7% lower than this time last year. The average price of homes sold has been much lower than the...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Oceanfront Estates in Rancho Palos Verdes was developed by Capital Pacific Holdings at the turn of the last century, from the very late 1990s to the early 2000s. The development company was from Orange County–synonymous with large homes on tiny lots, but in keeping with the local love of the large lot, the developer broke the mold and built large homes on large lots at Oceanfront Estates.The name of the development is not a misnomer. The ocean views are a sight to behold. The water is up close and personal. You can smell it, you can hear it and often feel the ocean mist on your face. Yet, you are far enough above it to be protected from rogue waves and winter storm surges. The cliffs and bluffs of Palos Verdes provide a wonderful buffer from the rise and fall of the ever-present tides.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)
Condos and townhomes are available in some neighborhoods of Palos Verdes, particularly around the commercial centers. Some are built in areas with amazing views of the coast or the city of Los Angeles, others provide amenities such as pools and tennis courts.We also have this luxury, remodeled 2/2 condo in Rancho Palos Verdes listed for sale.  It is located on the southern coast over looking the Trump National golf course and Pacific Ocean.Palos Verdes Estates has a limited number of condo/townhome developments around the Lunada Bay plaza and Malaga Cove plaza. Rolling Hills Estates and Rancho Palos Verdes both have some larger condo complexes that were built when the land was still county operated and quite a few neighborhoods of townhomes. Rolling Hills does not have condos or townhom...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
 Beginning your journey to purchase a new residence can be an odyssey filled with excitement, disappointment and even a bit a mystery.  Bumps in the road, setbacks and the occasional hiccup will be encountered along the way.  There will be moments of sheer joy when you find "The One,"  only to be followed by moments of doubt and even cold feet when it is time to sign the contract binding you to 30 years of monthly payments, or review a 60-page home inspection report.This is not a trip you want to embark upon alone.  Your experience will only be as successful (and stress-free) as the team assembled to help guide you through the maze of homes for sale, reams of documents to be digested and initialed, and inspections and deadlines that must be met.  It's not a solo thing, but rather a squa...
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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 3rd Quarter of 2015: Properties Sold: 16   Average Sales Price of homes sold during 3rd Quarter: $ .8 million   Properties for Sale as of 9/30/2015:   19 ( 4 month inventory, based on the average monthly sales in the most recent quarter of 5 homes sold per month, but with 9 properties in escrow at the end of the quarter )       Average List Price at 9/30/2015: $ .8 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 479 per sq. ft.   Properties sold at an average of 98% of Original List Price and took an average of 2 months to sell For more Palos Verdes real estate market reports see the following link on my website: ...
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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 3rd Quarter of 2015: Properties Sold: 14 Average Sales Price of homes sold during 3rd quarter: $ 1.1 million Properties for Sale as of 9/30/2015: 12 ( Between 2 and 3 months inventory of unsold homes ,based upon the average number of homes sold per month during the quarter of 5, with 3 homes in escrow at the end of September)   Average List Price at 9/30/2015: $ 1.2 million  Average Price per Sq. Ft. for Properties Sold during 2nd Qtr: $ 589 per sq. ft.       Properties sold at an average of 95% of List Price and took 1 to 2 months to sell For more Palos Verdes real estate market reports see the following link...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Peninsula Center area of Rancho Palos Verdes and Rolling Hills Estates(Area 175 in map below)had the following real estate market activity during the 3rd Quarter of 2015: Properties Sold: 2   Average Sales Price of homes sold during 3rd quarter: $ 1.0 million   Properties for Sale as of 9/30/2015: 6 ( About a 6 month supply based on the average of 1 homes sold a month during the 3rd Quarter. There are no homes in escrow at the end of September)   Average List Price at 9/30/2015: $1.3 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 564 per sq. ft.          Properties sold at an average of 99% of original List Price and took an average of 1 month to sell.     For more Palos Verdes real estate market reports see the following link on my website: Market Reports
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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 followingreal estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 4   Average Sales Price of homes sold during 3rd quarter: $ 1.4 million View from Crest area - Del Cerro Park Number of Properties listed for sale as of 9/30/2015: 8 (  6 months of inventory based on the average number of homes per month sold in the quarter of 1.3 ) . There are 4 properties in escrow as of the end of September.       Average List Price at 9/30/2015: $ 1.3 millionAverage Price per Sq. Ft. for Properties Sold during 3rd Qtr: $565 per sq. ft.    Properties Sold for an Average of 202% of list price during the quarter and took an average of 1 to 2 months to sell.   Fo...
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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 3rd Quarter of 2015:Properties Sold: 7 Average Sales Price of homes sold during 3rd quarter: $ 1.2 million Los Verdes Street with Ocean ViewProperties for Sale as of 9/30/2015:  7 ( 3 months of inventory based on the average number of homes sold per month during the quarter of 2 )  Average List Price at 9/30/2015: $ 1.2 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 544 per sq. ft.         Properties sold at an average of 96% of Original List Price and took 1 to 2 months to sell For more Palos Verdes real estate market reports see the following link on my website: Market Reports 
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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 followingreal estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 13   Average Sales Price of homes sold during 3rd quarter: $ 2.2 million     View from La Cresta area - Del Cerro Park Number of Properties listed for sale as of 9/30/2015: 12 ( about 4 months of inventory based on the average number of homes per month sold in the quarter of 3) . There are 8 properties in escrow as of the end of September.       Average List Price at 9/30/2015: $ 2.5 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $537 per sq. ft.,       Properties sold at an average of 97% of Original List Price and took from 1 to 4 months to sell For ...
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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 3rd Quarter of 2015: Properties Sold: 5, compared to 8 sold during the 3rd quarter of 2014   Average Sales Price of homes sold during 3rd quarter: $ 1.8 million   Properties for Sale as of 9/30/2015: 5  ( Less than 3 months of inventory based on the average number of homes sold per month in the last quarter of 2)      Average List Price at 9/30/2015: $2.4 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 497 per sq. ft.     Properties sold at an average of 98% of Original List Price and took 3 to 4 months to sell during the quarter.  For more Palos Verdes real estate market reports see the following link on my ...
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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 3rd Quarter of 2015: Properties Sold: 10   Average Sales Price of homes sold during 3rd quarter: $ 2.9 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 9/30/2015: 11 (About 4 months of inventory based upon the average number of homes sold per month during the last quarter of 3. Average List Price at 9/30/2015: $ 1.8 million Average Price per Sq. Ft. for ...
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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 3rd Quarter of 2015: Properties Sold: 9 , compared to the13 homes sold during the 3rd Quarter of 2014 Average Sales Price of homes sold during 3rd quarter: $ 1.9 million   Properties for Sale as of 9/30/2015 11 , (equal to about 4 months of inventory at the average number of homes sold each month in the last quarter of 3 ). There are no properties in escrow at the end of September.     Average List Price at 9/30/2015: $1.8 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $697 per sq. ft. The price per square foot fluctuates widely on a month to month basis.   Properties sold at an average of 92% of List ...
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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 3rd Quarter of 2015:   Properties Sold: 9, compared to 3 sold during the 3rd quarter last year Average Sales Price of homes sold during 3rd quarter: $1.2 million   Properties for Sale as of 9/30/2015 :  6 ( equal to about 2 months inventory based on the average of 3 homes sold a month during the 3rd Quarter ) . There are 3 properties in escrow at the end of September.     Average List Price at 9/30/2015 $ 2.2 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 532  per sq. ft. Because of the small number of sales, the price per sq. ft. fluctuates widely       Properties sold at an average of 98% of Original List ...
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