Palos Verdes real estate single family home sales in the first 21 days of May 2019 are 44 homes which is an increase from the 29 Palos Verdes homes sold in the first 21 days of April and the same as the first 21 days of May 2018 (44). (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 May 1st to date is $2,008,954 which is an increase from last month’s average of $1,911,891 for this same time period and a decrease from $2,042,420 last May.
In May 2019 to date, the highest priced Palos Verdes home sold for $6,300,000 and is located in Lunada Bay neighborhood of Palos Verdes Estates and has 5 bedrooms, 6 baths and 5,178 square feet on a 18,417 square foot lot. This dramatic bluff top home features gorgeous panoramic ocean views, luxurious master suite, soaring ceilings, gleaming kitchen w/top of the line appliances, tranquil reflection pool in an elegant courtyard, fire pit, and outdoor spa. The lowest priced Palos Verdes homes sold to date in May for $925,000 and is located in the Palos Verdes Drive East neighborhood of Rancho Palos Verdes and features 3 bedrooms, 2 baths and 1,992 square feet on a 8,072 square foot lot.
We currently have 248 active single family Palos Verdes homes for sale priced between $875,0000 in the Palos Verdes Drive South neighborhood to $27,500,000 in the Lunada Bay neighborhood. To view Palos Verdes real estate statistics from February 2018 through April 2019, click here or on the “Statistics” tab above.
Photo of Gazebo at Roessler Point courtesy of Arvin Design
Palos Verdes Garden Concerts Welcome Soprano & Guitar Duo!
On Sunday, June 23 2019, from 5:00 to 7:00 p.m., St Luke’s Presbyterian Church will be presenting a “Soprano & Guitar Duo.” Prior to this popular event, you can come early, picnic on the lawn, and then enjoy a Free Garden Concert.
This “Soprano & Guitar Duo” consists of Anastasia Malliaras, soprano, and Aaron Hass on Guitar. Anastasia and Aaron will perform soprano/guitar cycles by Spanish composers, sung in Ladino, Spanish and English, and Native American songs. Anastasia and Aaron are a voice/guitar duo that performs original repertoire as well as transcriptions that reinterpret the classic art song. Anastasia made her operatic debut in 2013, and is a graduate of USC where she received a Masters of Music in Vocal Arts. Aaron is a classical guitarist and self-proclaimed musical story-teller who graduated from Skidmore College and is currently at USC where he is pursuing his Doctor of Musical Arts. Come early and enjoy a picnic and later enjoy dessert and coffee hosted by St. Luke’s Presbyterian Church.
The Church is located at 26825 Rolling Hills Road, Rolling Hills Estates. For more information go to www.stlukespresbyterian.com, or call (310) 377-2825.
To read my last article on Palos Verdes Garden Concerts click here.
Photo courtesy of St.Luke’s Presbyterian Church
Enjoy Palos Verdes Library District’s May & June 2019 Free Movies!
The Palos Verdes Library District has some great free movies that they will be showing during the months of May & June 2019. Each month they offer a different selection of foreign movies, “latest” releases, and classic cinema. Most of the screenings will have some post film discussion which adds an opportunity to socialize with others in the community. In May and June the following movies will be presented.
The Multiplex film series will be offering a very special feature on May 23, 2019, at 3:00 p.m. and 6:00 p.m. – A QUIET PLACE is about a post-apocalyptic world, where a family is forced to live in silence while hiding from monsters with ultra sensitive hearing.
Classic Movies at Noon, which shows films from the 1930’s through the 1990’s on the first Tuesday of the month, will be screening on Tuesday, June 4, 2019, at noon, SOME LIKE IT HOT (1959) in the Malaga Cove Gallery. The story is about two male musicians who witness a mob hit, then they flee the state in an all female band disguised as women, but further complications set in.
The PVLD’s Ciné-Monde, a film series featuring notable films from around the globe which are shown on the second Thursday of the month, will be screening THE GREAT GAME (France, 2015) on Thursday, June 13, 2019, at 3:00 p.m. and 6:00 p.m., in the Peninsula Center Library Community Room. This film is about Joseph Paskin who casually approaches the sullen Pierre Blum outside a French casino. Joseph pretends not to recognize the all but forgotten novelist, though time will soon reveal that there are no coincidences where Paskin’s characher is concerned.
To read my prior article on the Palos Verdes Library District click here.
Photo courtesy of the Palos Verdes Library District
Palos Verdes Real Estate Sales La Cresta Neighborhood 2018
2018 Palos Verdes homes sales for La Cresta increased to 31 single family homes sold compared to 27 in 2017. Price per square foot for La Cresta houses that sold in 2018 increased to $595 compared from $583 in 2017, a 2.1% increase. Average sales price for La Cresta homes sold in 2018 was $2,123,857 compared to $2,113,296 in 2017. The most expensive home sold for $3,675,000 and the lowest priced home sold for $1,265,000.
Currently, La Cresta has 10 active Palos Verdes homes for sale. There are 10 single family homes ranging in price from $1,265,000 for a 3 bedroom/4 bath, 2,482 square foot home, to $2,899,000 for a 4 bedroom/5 bath, 3,650 square foot home. There are no condo/townhomes for sale in this area.
To view current Palos Verdes real estate statistics for the entire Peninsula, please click here or on the “Statistics” tab above.
Photo above of Del Cerro Park located in this neighborhood
Palos Verdes Joins Champions For Children 2019 5K Trail Run/Walk
Palos Verdes homes owners can join the sixth annual 5K trail run/walk fundraiser at Ernie Howlett Park for the South Bay Children’s Health Center. This fun event will take place on Saturday, June 15, 2019, beginning at 8:00 a.m. This is a great opportunity to get out and enjoy this great park while supporting the health center.
There is an exciting 5K trail run/walk course on the beautiful city equestrian and hiking trails. There will be age division awards with medals to the top three male and female athletes in 15 different divisions of the 5K. The day will be filled with family activities for children of all ages, vendor booths, a Kids Fun Run and a wonderful, healthy team spirit. Parents will be able to accompany small children at no cost.
The cost for the walk/run 5K for children ages 7 and under is $15, ages 8 to 12 is $25, and ages 13 to 90 is $35. Late registration and event day packet pick up will take place starting at 6:30 a.m. The Opening Ceremony and warm ups will start at 7:30 a.m. and runs will start thereafter.
South Bay Children’s Health Center exists to raise money and build awareness of the need for quality mental and oral health services for under-served children, teens and young adults throughout the South Bay and surrounding areas.
For more information and registration visit sbchc.com/c4crun, or call 310-316-1212.
Photo courtesy of South Bay Children’s Health Center.
Favorite Palos Verdes Homes – May 14, 2019
My favorite Palos Verdes Homes on the May 14, 2019 Palos Verdes real estate Broker’s Tour (32 homes had open houses today) are described below. We currently have 239 single family Palos Verdes homes for sale ranging in price from $875,000 in Rancho Palos Verdes (The low in Eastview is $740,000) to $27,500,000 in the city of Palos Verdes Estates. There are 28 Palos Verdes condos/townhomes for sale priced between $375,000 and $1,795,000. My favorite Palos Verdes homes today:
Franklin Shen’s (Realty Advisors Intl, Inc) 73 Via Del Cielo, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 10 bath, 5,399 square foot home for $4,590,000. This fabulous single level Oceanfront Estates estate features ocean views, elaborate master bedroom wing, 3 en-suite bedrooms, and beautifully landscaped outdoors with pool/spa. Gayle Probst’s (RE/MAX Estate Properties) 2717 Via Elevado, Palos Verdes Estates, 90274 (above right) is a 5 bedroom, 5 bath, 5,476 square foot home for $3,800,000. This grand Malaga Cove home features a stately library, light & bright kitchen, wine cellar, authentic English pub and pool/spa.
Sharon Moody’s (RE/MAX Estate Properties) 1 Hillcrest Manor, Rolling Hills Estates, 90274 (above left) is a 4 bedroom, 4 bath, 3,654 square foot home for $2,365,000. This custom built La Cresta home features a spacious gourmet kitchen, expansive master suite and lushly landscaped grounds w/saltwater pool/spa. Steven Watts’ (RE/MAX Estate Properties) 5918 Montemalaga Drive, Rancho Palos Verdes, 90275 (above right) is a 3 bedroom, 3 bath, 2,358 square foot home for $1,448,000. This turnkey Silver Spur home features a completely refurbished interior, cozy viewing balcony with downtown/mountains views, and gorgeous fully landscaped backyard/patio.
To read my prior article on favorite Palos Verdes homes click here.
Photos courtesy of CRMLS
Terranea Summer Music Series 2019 At Nelson’s
Terranea’s Summer Music Series 2019 at Nelson’s will be starting on June 1, 2019, and is a great way to unwind and relax. For resort guests and Palos Verdes homes owners, Nelson’s is the place where you can enjoy California cuisine, micro brews and spectacular sunsets. With a special view of the Point Vicente Lighthouse and Catalina Island, this unique restaurant is one of the most scenic locations in Palos Verdes. All Summer long on Nelson’s Sunset Bluff, you can enjoy a variety of live music with musicians from the South Bay, while the culinary team will be offering a variety of food items to pair with beers on draft from select rotating beer partners. The live featured bands will be playing every Friday & Saturday nights from 6:00 p.m. to 10:00 p.m., beginning the first of June and continuing through October 26, 2019.
Summer Music Dates & Entertainment are as follow:
June Entertainment: (1) Feed The Kitty (7) Everyday Housewives (8) Wise (14) Wise (15) Headshine (21) Backtracks (22) Kevin Sousa (28) Running Hot – Rolling Stones Tribute (29) 80’s Night
July Entertainment: (4) Music on the Meadows (5) Wise (6) Feed The Kitty (12) Everyday Housewives (13) Wise (19) Backtracks (20) Kevin Sousa (26) Retrofit (27) 80’s Night
August Entertainment: (2) Retrofit (3) Wise (9) Wise (10) Headshine (16) Flogging Seagulls (17) Kevin Sousa (23) The Backtracks (24) 80’s Night (30) Everyday Housewives (31) Feed The Kitty
September Entertainment: (1) Retrofit (2) Labor Day (6) Wise (7) Feed The Kitty (13) 80’s (14) Wise (20) Running Hot – Rolling Stones Tribute (21) Kevin Sousa (27) The Hula Girls (28) The Backtracks
October Entertainment: (5) 80’s Night (12) Feed The Kitty (19) Wise (26) Kevin Sousa
To read my prior article on Nelson’s Music Series click here.
Photo courtesy of Terranea Resort.
PVE – CARES will be hosting a Music & Magic show for members and friends to enjoy on Thursday, May 16, 2019, from 9:45 a.m. to 11:30 a.m. The event will take place at the Palos Verdes Golf Club located at 3301 Via Campesina, Palos Verdes Estates. This fun event will have the Mingle & Magic show from 9:45 to 10:00 a.m., Penny Royal Players from 10:00 to 10:45 a.m., More Mingling & Magic from 10:45 to 11:30 a.m., and lunch will be served from 11:00 to 11:30 a.m. Reservations are a must so call (310) 750-9788.
Palos Verdes homes owners are lucky to have the PVE-CARES (Palos Verdes Estates Community Assistance and Resources for the Elderly and Seniors) Program which is geared to our residents 65 and older. The program was created by the Palos Verdes Estates Police Department to assist seniors so they may live independently and feel safe in their homes on the Peninsula. The program itself offers many different events to increase awareness of the programs that the city offers for seniors – updating them on current security issues, how to notify the police department when leaving on vacation, local assistance in health care and medical needs, etc. Contact PVE-CARES, or go to the website (click here to view) to learn more. Members will receive information, sent directly to them, regarding all the activities.
The PVE-CARES annual Senior Health Fair will take place on October 15, 2019, from 10:00 a.m. to 1:00 p.m., at the Palos Verdes Golf Club.
Photo courtesy of PVE-CARES.
Palos Verdes real estate sales April 2019 for Palos Verdes homes decreased compared to March. 49 Palos Verdes houses sold in April compared to the 57 homes sold in March and decreased compared to the 55 homes that sold in April 2018. There were 81 Palos Verdes single family homes pending in April which increased from the 60 homes pending in March. The number of active Palos Verdes homes for sale in April (227) increased from the 179 homes for sale in March.
Average sales price for Palos Verdes homes sold in April increased to $1,913,000 from $1,718,000 in March and increased from the $1,799,000 in April 2018. Price per square foot for Palos Verdes houses that sold/closed escrow in April increased to $670 from March ($648). Average days on market in April decreased to 60 days from 74 days in March. Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 4.6 months in April for Palos Verdes homes for sale compared to 3.1 months in March. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the higher demand for Palos Verdes homes. Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 239 single family Palos Verdes homes for sale. 95 Palos Verdes houses are in escrow (46 homes have pending sales and 49 homes are under contract). Additionally, 21 homes have sold/closed escrow in the first 9 days of May.
To read last month’s report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.
Palos Verdes Street Fair & Music Festival 2019
Palos Verdes Street Fair & Music Festival will be celebrating its 32nd year and Palos Verdes homes owners can enjoy all the events on Saturday, June 8, and Sunday, June 9, 2019. As in past years, the Fair will have its “Friday Teen Fun Night” opening the carnival on Friday, June 7th, from 5:00 p.m. to 10:00 p.m. when local youth can enjoy a fun-filled night (with the purchase of discount tickets through their middle school or high school). The Fair will have more than 200 arts and crafts booths, carnival rides for children of all ages, an International Food Court, a children’s petting zoo, free pony rides, train rides, and live entertainment on two stages.
On the Main Stage, there will be continuous live entertainment starting each day at 11:00 a.m. On Saturday, June 8, 2019, the performers are: Fitchett (Blues), Hothouse (R &B /Soul/Jazz) Tenn West (California Country), YEA! Graduation, Running Hot (Rolling Stones Tribute), and Ticket to Ride (Beatles Tribute). On Sunday, June 9, 2019, beginning at 11:00 a.m. are: Alinea (Local Teen Band), Andy & Renee and Hard Rain (Classic Rock), Pretzel Logic (Steely Dan Tribute), Heartbeat City (Cars Tribute) & Blue Breeze (R & B/Soul/Motown). On the Community Stage, the entertainment will begin Saturday at 12:00 noon through 7:00 p.m. and Sunday at 12:00 noon through 5:00 p.m., along with local youth groups and performance troops on the Community Stage.
Animal rescue and adoptions will take place on Saturday and Sunday from 10:00 a.m.to 6:00 p.m. There will be craft beers, unique food, and wine tastings at the International Food Court on both days.
There will be a Young Entrepreneurs Trade Show from 1:00 to 4:00 pm on Saturday to see the businesses that these talented young CEOs are launching as part of the Chamber’s Young Entrepreneurs Academy for middle and high school students. You can also get tips on how your student can participate in this innovative program, and they will be located adjacent to the Community Plaza Stage in the Promenade on the Peninsula.
For more information, call the Palos Verdes Peninsula Chamber of Commerce at (310) 377-8111 or visit them at www.pvstreetfair.com. The Palos Verdes Street Fair is located on Crossfield Road between Silver Spur Road and Indian Peak Road in Rolling Hills Estates. The Palos Verdes Street Fair hours are Saturday, June 8, 10:00 a.m. to 10:00 p.m. and Sunday, June 9, 2019, from 10:00 a.m. to 9:00 p.m. Parking is available at the Promenade parking structure at Drybank Drive and Silver Spur Road. There will also be parking at Palos Verdes Peninsula High School.
Click here to read my previous article on the Palos Verdes Street Fair & Music Festival.
All-day wristbands for carnival rides will be sold for $35/per day and you can obtain a $5 discount by going to www.pvstreetfair.com and purchasing before the Fair.
Photo courtesy of the Palos Verdes Street Fair