Join Your Neighbors And “Shop Local First” On Black Friday & “Shop Small Saturday!”
The holiday season is upon us, and our shopping has begun. Black Friday is just two days away, and the Palos Verdes Peninsula Chamber of Commerce wants to remind us of its “Local First” initiative to assist our local economy and show Palos Verdes homes owners all the benefits that our community receives by supporting local businesses. Black Friday sales are a great opportunity to remind residents to look around the Peninsula and find resources they can use this time of year. The Chamber put out the following list of Top 10 Reasons To Shop, Dine and Do Business Locally First:
1. Significantly More Money Re-circulates in the Local Community
2. Unique Businesses are an Integral Part of our Distinctive Character
3. Put your Taxes to Good Use
4. Customer Service is Better
5. Most New Jobs are Provided by Local Businesses
6. Local Business Owners Invest in our Community
7. Competition and Diversity Leads to More Consumer Choices
8. Environmental Impact is Reduced
9. Non Profits Receive Greater Support
10. A growing body of economic research shows that in an increasingly homogenized world, entrepreneurs and skilled workers are more likely to invest and settle in communities that preserve their one-of-a-kind businesses and distinctive character.
The Palos Verdes Peninsula Chamber of Commerce is encouraging the “Local First” initiative with “Shop Small Saturday” with special savings and discounts right here on the peninsula at the Promenade on the Peninsula and the Peninsula Center. Instead of running to the large malls, fighting the crowds and trying to find a parking space, why not shop here in Palos Verdes? You’ll find that the customer service at our local establishments is great and they employ our own Palos Verdes residents.
To read my prior article on “Shop Local First” click here.
Photo of the Promenade at the Peninsula courtesy of Arvin Design
Mid November 2017 Palos Verdes Home Sales
Palos Verdes real estate single family home sales in the first 21 days of November 2017 are 30 homes which is a decrease from the 37 Palos Verdes homes sold in the first 21 days October and an increase from first 21 days of November 2016 (29). (It may take an additional week for some sales to post after the actual close of escrow). The average sales price for single family Palos Verdes homes from November 1st to date is $1,721,717 which is an increase from last month’s average of $1,599,703 for this same time period and an increase from $1,430,402 last November.
In November 2017 to date, the highest priced Palos Verdes home sold for $4,950,000 and is located in the City of Rolling Hills and has 7 bedrooms, 8 baths and 5,300 square feet on a 2.8 nearly flat acre lot. This custom ranch style single level luxury home features huge cozy eat-in kitchen, newly remodeled master suite, 600 sq ft. one bedroom guest house, caretaker apt in upper level of classic barn, huge riding ring, saltwater pebble tec pool and parking for 20 cars. The lowest priced Palos Verdes home sold to date in November for $1,050,000 and is located in the Palos Verdes Drive North neighborhood of Palos Verdes Peninsula; this home has 3 bedrooms, 3 baths and 2,342 square feet on a 15,467 square foot lot.
We currently have 153 active single family Palos Verdes homes for sale priced between $1,100,000 in the Palos Verdes Drive East neighborhood and $40,000,000 in the City of Rolling Hills. To view Palos Verdes real estate statistics from August 2017 through October 2017, click here or on the “Statistics” tab above.
Photo of “Batman Cave” in Rancho Palos Verdes
Neighborhood Church 2017 Christmas Pageant
The Neighborhood Church will once again be celebrating the holiday season with its annual Christmas Pageant on Sunday, December 10, 2017, at 5:30 p.m. and 7:30 p.m. This is a wonderful opportunity for residents to enjoy an evening together watching children and adults performing in various scenes which depict the story of the First Christmas (including live animals). The prelude is set in the sanctuary of this beautifully decorated historic Church which overlooks the ocean. The Covenant Hand-bell Choir and the Neighborhood Brass Rings will perform followed by a short service and the singing of Christmas Carols. Then, you can walk through the Church’s cliff-side grounds and witness a living tableaux depicting scenes from the Christmas story.
The event is The Neighborhood Church’s gift to the community. Admission is free and no tickets are required. It usually draws large crowds, so it helps to go early and dress warmly. This years 61st Annual Yule Parlor will be held on December 1 & 2, 2017, from 10:00 a.m. to 3:00 p.m., and includes an Afternoon Tea with holiday entertainment, vintage shoppe, yule shoppe and a bake shoppe.
To read my prior article on the Neighborhood Church click here.
The Neighborhood Church is located at 415 Paseo del Mar in Palos Verdes Estates. For more information call (310) 378-9353.
Photos courtesy of the Neighborhood Church
Terranea Resort Celebrates Hanukkah 2017!
Terranea Resort adds a bit of luxury to this holiday season with its many Holiday Traditions for Palos Verdes homes owners. You can sit and relax while gazing at the beautiful ocean views and enjoy some of the special holiday meals that are being offered this season.
Terranea Resort will be serving a Hanukkah Dinner at the Catalina Kitchen from Tuesday, December 12, 2017, through Wednesday, December 20, 2017, from 5:00 p.m. to 10:00 p.m. The restaurant will offer its special meal choices that will change daily throughout the holiday. The Hanukkah a la cart dining starts at $7 to $28.
Sea Beans restaurant will be serving a challah French toast w/apple brandy compote & toasted almonds, and a menudo matzo ball stew. If you are looking for sweet treats you can satisfy your sweet tooth there with festive treats such as pumpkin pie rugelach and chocolate rugelach served all day long from December 12 through December 20, 2017.
Reservations are recommended and can be made by going online at www.terranea.com or calling (310) 265-2836.
To read my last article on Terranea Resort click here.
Terranea Resort is located at 100 Terranea Way, Rancho Palos Verdes.
Photo courtesy of the Terranea Resort.
Palos Verdes Home Sales La Cresta Neighborhood 1st Half 2017
Palos Verdes homes sales in the La Cresta neighborhood for the first half of 2017 decreased to 14 single family homes sold in 2017 compated to 20 sold in 2016. Price per square foot for La Cresta homes that sold in the first half of 2017 decreased to $585 compared to $604 in 2016 a 3.1 % decrease. Average sales price for La Cresta homes sold in the first half of 2017 decreased to $2,168,143 in 2017 compared to $2,242,575 in 2016. The most expensive Palos Verdes home sale in the La Cresta neighborhood was $3,499,000 and the lowest priced Palos Verdes home sale in the La Cresta neighborhood was $1,250,000.
Currently, the La Cresta neighborhood has 11 Palos Verdes homes for sale. There are 11 single family homes for sale ranging in price from $1,250,000 for a 3 bedroom/4 bath, 2,482 square foot home, to $2,988,800 for a 4 bedroom/4 bath, 3,286 square foot home. Currently, there are no condo/townhomes for sale in this area.
For background and history on the La Cresta Multiple Listing Area 172, please click here to read my prior article on this neighborhood.
To view current Palos Verdes home sales for the La Cresta neighborhood and real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.
Above photo of Del Cerro Park located in this area.
Local South Bay Area 2017 Holiday Events!
Palos Verdes home owners are getting ready for the 2017 holiday season. Here are some of the fun events that our neighboring cities are hosting.
Torrance Memorial Medical Center will be presenting their 34th annual “Holiday Festival” beginning Tuesday, November 28, 2017, and running through Sunday, December 3, 2017. The Festival will feature decorated trees and a holiday celebration that includes a food court, musical entertainment, fun children’s activities and a large Holiday gift section. More than 30 trees are each decorated with a different theme and will be sold with proceeds going to support the transformation of Torrance Memorial’s North Patient Tower which will house mother/baby postpartum, pediatrics and NICU. The “Holiday Festival” is located in the parking lot under the big white tent adjacent to the hospital on Skypark & Medical Center Drives. The public can view the trees and boutique on Tuesday, November 28, 2017, from 1:30 p.m. to 3:30 p.m., Wednesday & Thursday, November 29 and November 30, from 10:00 a.m. to 9:00 p.m., Saturday, December 2, from 10:00 a.m. to 9:00 p.m., and Sunday, December 3, from 10:00 a.m. to 4:00 p.m. The cost is $5 per person, and free for children under 3 years old. Senior citizens can enjoy the festivities for free on Wednesday and Thursday from 10:00 a.m. to 2:00 p.m. There will also be a lunch with Santa on Sunday, December 3, 2017, from 11:00 a.m. to 1:00 p.m. for $15 per person; this is a great opportunity to bring your camera and take photos of your little one with Santa. In addition to the Holiday Tree Festival, there is a Fashion Show & Festival Gala. Additional information is available at www.torrancememorial.org/HolidayFestival, or call (310) 517-4703. The Hospital is located at 3330 Lomita Boulevard, Torrance.
In Riviera Village, the annual “Riviera Village Holiday Stroll” will take place on Thursday, November 30, 2017, from 5:00 p.m. to 9:00 p.m. This is a great event for all ages with a parade featuring marching bands from local schools and Santa will be making an appearance around 6:00 p.m. The stores will be bringing out their festive wares and treats and you will definitely feel the holiday cheer. The Stroll takes place on Catalina Avenue and Avenue I in Redondo Beach.
To read my prior article on South Bay Area Holiday Events click here.
Photo courtesy of the Torrance Memorial Holiday Festival.
Favorite Palos Verdes Homes – November 14, 2017
My favorite Palos Verdes Homes on the November 14, 2017, Palos Verdes real estate Broker’s Tour (14 homes had open houses today) are described below. We currently have 167 single family Palos Verdes homes for sale ranging in price from $997,000 in Rancho Palos Verdes (The low in Eastview is $734,000) to $40,000,000 in the City of Rolling Hills. There are 20 Palos Verdes condos/townhomes for sale priced between $525,000 and $1,825,000. My favorite Palos Verdes homes today are:
Chris Adlam’s (Vista Sotheby’s Int’l Realty) 2039 Via Visalia, Palos Verdes Estates 90274 (above left) is a 4 bedroom, 5 bath, 3,168 square foot home for $2,999,000. This stunning remodeled Monte Malaga home features ocean/coastline/city views, a gourmet kitchen, a romantic master suite, and 3 additional en suite bedrooms. Jenny Yamada-Clayton’s (Berkshire Hathaway Home Service) 1613 Via Garfias, Palos Verdes Estates 90274 (above right) is a 4 bedroom, 4 bath, 2,497 square foot home for $2,099,000. This gorgeous Lunada Bay home built in 2013 features ocean a chef’s kitchen, master bedroom w/large balcony & ocean views, and beautiful pool/spa.
Laurie Hurley & Timothy Hurley’s (Berkshire Hathaway Home Service) 4 Mela Lane, Rancho Palos Verdes 90275 (above left) is a 3 bedroom, 3 bath, 2,995 square foot home for $1,198,000. This dramatic Crest home features ocean views, soaring 28 foot ceilings, eat in kitchen w/private patio, sauna, office, and community tennis courts and pool. Marilyn Cohn’s (RE/MAX Estate Properties) 2315 Sparta Drive, Rancho Palos Verdes 90275 (above right) is a 3 bedroom, 3 bath, 2,380 square foot home for $1,175,000. This warm inviting “Pride of Ownership” Palos Verdes Drive East home features 180 degree harbor/city views, a one level floor plan, air conditioning, and almost 1/2 acre lot.
To read my prior article on favorite Palos Verdes homes click here.
Photos courtesy of CRMLS.
Neighborhood Church’s 61st Annual Yule Parlor & Tea
The Neighborhood Church will celebrate the holiday season with its 61st Annual Yule Parlor on Friday and Saturday, December 1, & 2, 2017, from 10:00 a.m. to 3:00 p.m. This will be a festive event with “Tea by the Sea” a Christmas Tea where you will enjoy tea, sandwiches and cookies while listening to music. The patio is prepared for outdoor seating if weather permits and you can visit the holiday boutiques which are steps away.
The church choir will be singing Christmas music and the Covenant Handbell Choir will be performing as you stroll through the festive holiday boutiques. There will be a Bake Shop with homemade goodies such as breads, pastries, cookies and candies wrapped for gift giving; a Yule Shop with hand crafted items and lots of ornaments for your Christmas tree; plus a Vintage Shop which contains treasures including jewelry, lead crystal, clothing and antique furniture discovered in local attics and always contains some fabulous “finds.” Afterwards, take a minute and enjoy refreshments and homemade treats while you gaze at the breathtaking ocean views.
While there make sure you take a self-guided tour of the 1927 Mediterranean estate built on the ocean bluffs of Malaga Cove.
Pre-event tickets are $25 per guest, and if you wait till the day of the event they will be $30. Checks should be mailed before November 25, 2017, and payable to Women’s Fellowship with Yule Parlor on the memo line. The Neighborhood Church is located at 415 Paseo del Mar in Palos Verdes Estates. For more information call (310) 378-9353.
To read my prior article on the Neighborhood Church click here.
Photos courtesy of the Neighborhood Church
The Banning Museum Celebrates The Holidays!
Palos Verdes homes owners know that holiday celebrations are just around the corner. If you would like an old-fashioned Christmas, you will enjoy the “Victorian Christmas” at the Banning Museum. This local historic location will hold its holiday event with the annual Christmas luncheon in the historic Stagecoach Barn. Guests will enjoy an elegant lunch with live holiday entertainment with the capella group, “The Trojan Men,” from the University of Southern California performing. There will also be a self-guided tour of the Improbable Gateway: The Los Angeles Transportation Legacy exhibition.
This event will take place on Friday, December 1, 2017, at 11:30 a.m. and the cost of the luncheon is $95 for non-members/$85.00 for Friends of Banning Museum members. All of the proceeds for this luncheon will benefit the museum’s education and preservation efforts. This is a very popular event and seating is limited so they recommend that you purchase your tickets as soon as possible by calling (310)-548-2005.
The Victorian Christmas event will take place on Saturday, December 2, and Sunday, December 3, 2017, from 11:00 a.m. to 4:00 p.m. During this special weekend the grounds and museum are transformed into a Christmas festival with Victorian period entertainment. There will be self-guided tours of the museum, children’s crafts, a blacksmith and refreshments. One of the special highlights will be the horse-drawn trolley ride between the Banning Museum and the Drum Barracks at the Civil War Museum. Admission is free, and the last house tour and trolley ride are at 3:30 p.m. Parking is on the street.
Throughout the year, the museum offers its guided tours Tuesday through Thursday at 12:30 p.m., 1:30 p.m., and 2:30 p.m. On Saturday & Sunday the tours are at 12:30 p.m., 1:30 p.m., 2:30 p.m., and 3:30 p.m.
For more information go to www.thebanningmuseum.org., or call (310) 548-7777. The Banning Museum is located at 401 E. M Street, Wilmington.
To read my last article on The Banning Museum click here.
Photo courtesy of The Banning Museum
Palos Verdes real estate sales October 2017 for Palos Verdes homes decreased compared to September. 52 Palos Verdes houses sold in October which decreased from the 67 homes sold in September and decreased from the the 54 homes that sold in October 2016. There were 52 Palos Verdes single family homes pending in October which decreased from the 60 homes pending in September. The number of active Palos Verdes homes for sale in October (183) decreased from the 189 homes for sale in September.
Average sales price for Palos Verdes homes sold in October increased to $1,630,000 from $1,560,000 in September and decreased from the $1,722,000 in October 2016. Price per square foot for Palos Verdes houses that sold/closed escrow in October decreased to $590 from September ($612). Average days on market in October decreased to 42 days from 44 days in September. Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 3.5 months in October for Palos Verdes homes for sale compared to 2.8 months in September. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing high demand for Palos Verdes homes. Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 170 single family Palos Verdes homes for sale. 66 Palos Verdes houses are in escrow (29 homes have pending sales and 37 homes are under contract). Additionally, 17 homes have sold/closed escrow in the first 9 days of November with an average sales price of $1,647,118.
To read last month’s report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.