Palos Verdes Real Estate Blog

There were 25 homes on the November 1, 2011, Palos Verdes real estate Broker’s Tour.  We currently have 240 single family Palos Verdes homes for sale ranging in price from $680,000 in Rancho Palos Verdes 90275 to $14,900,000 also in Rancho Palos Verdes 90275 (the low in Eastview is $524,000).  There are 48 Palos Verdes townhomes for sale priced between $180,000 and $2,395,000.  My favorite Palos Verdes houses on tour today were:

Cynthia Chaisson’s (RE/MAX Palos Verdes Realty) 2727 Via Miguel, Palos Verdes Estates 90274 (above left) is a 4 bedroom, 5 bath, 4,233 square foot home for $2,399,000.  This custom-built Upper Lunada Bay home features ocean/coastline views, multiple skylights, and cathedral ceilings   Linda Cavette’s (Coldwell Banker-PV/Bch. Cities) 17 Hillcrest Manor, Rolling Hills Estates 90274 (above right) is a 4 bedroom, 6 bath, 5,126 square foot home for $1,949,000.  This custom-built Hillcrest Manor home features a gourmet kitchen, library/office and a pool/spa.

Maureen Megowan’s (RE/MAX Palos Verdes Realty) 0 Rockinghorse Road, Rancho Palos Verdes 90275 (above left) is a 4 bedroom, 3 bath, 3,047 square foot home for $1,400,000.  This fantastic Palos Verdes Drive East home is located on a half acre lot and includes another adjoining half acre lot, and a pool.  Chris Adlam’s (Peninsula Sotheby’s Int’l Realty) 215 Via Colusa, Palos Verdes Estates 90274 (above right) is a 3 bedroom, 3 bath, 2,700 square foot home for $1,375,000.  This well-priced Valmonte home features golf course views, an extra wide lot and a pool/spa.

Photos courtesy of CRMLS

There were 30 homes on the August 2, 2011, Palos Verdes real estate Broker’s Tour.  We currently have 286 single family Palos Verdes homes for sale ranging in price from $695,000 in Rancho Palos Verdes 90275 to $12,950,000 in Rolling Hills 90274 (the low in Eastview is $579,900).  There are 60 Palos Verdes townhomes for sale priced between $190,000 and $2,495,000.

Rick and Kitty Edler’s (Peninsula Sotheby’s Int’l Realty) 1512 Via Castilla, Palos Verdes Estates 90274 (above left) is a 4 bedroom, 4 bath, 4,191 square foot home for $2,299,000.  This Lunada Bay/Margate home features panoramic ocean views, a beautiful master suite, and a pool/spa.  Bryan Bohlinger and John Schlobohm’s (Bohlinger Properties, Inc.) 2524 Via Anita, Palos Verdes Estates 90274 (above right) is a 4 bedroom, 4 bath, 2,241 square foot home for $1,495,000.  This turn-key  Valmonte home has been beautifully remodeled and features a new kitchen, master suite and more.

Chris Adlam’s (Peninsula Sotheby’s Int’l Realty) 1015 Via Palestra, Palos Verdes Estates 90274 (above left) is a 3 bedroom, 2 bath, 2,034 square foot home for $1,149,000.  This beautifully renovated Lunada Bay/Margate home features vaulted ceilings, a center island kitchen, and a sparkling pool.  Young Ok Lee’s (Keller Williams Palos Verdes) 29235 Oceanridge, Rancho Palos Verdes 90275 (above right) is a 4 bedroom, 3 bath, 2,744 square foot home for $1,190,000.  This split level Crest home features a new remodeled kitchen, a separate family room, and a pool/spa.

Photos courtesy of CRMLS

I thought it would be fun to go through 2008′s Top Tuesday Tour Tips for Palos Verdes real estate and pick my favorites, tell you why and give you an update on those properties.

My favorite listing is my own listing at 838 Rivera Place, Palos Verdes Estates; it is a 4 bedroom, 3 bath, 3,025 square foot home for $2,449,000 (original price was $2,499,000. This Lunada Bay home is lavishly remodeled with a private courtyard entry and panoramic ocean/Catalina views from nearly every room. It is a great alternative to a Terranea casita (and less expensive) and you can use it 365 days a year! (view more photos by clicking on the link above) This home is currently on Hold for the holidays.

Lisa Hawk’s 43 Misty Acres, Rolling Hills Estates, (above left) is a 4 bedroom, 4 bath, 2,881 square foot home for $1,719,000. This single level home located in The Ranch (gated community) is one of my favorites as it has a great backyard – very large with pool, barbecue area, gazebo, private driveway and 3-car garage. This home has a bright open floor plan and is currently Active (for sale). Kitty and Rick Edler’s 209 Rocky Point Road, Palos Verdes Estates, (above right) is a 3 bedroom, 2 1/2 bath, 2,720 square foot home for $3,399,000 (original price $3,750,000). This Lunada Bay home sits at the ocean’s edge overlooking the bay, has a pool and is needs to be updated – but look at that view and bluff property too! This home is currently in escrow and they are taking Backup offers.

James Sanders’ 3900 Via Nivel, Palos Verdes Estates, (above left) is a 4 bedroom, 2 bath, 2100 square foot home that was originally listed for $1,249,000 and sold in October for $$1,005,000. I thought this was a very good price for a Valmonte home of this size with a pool – only negative was that it was on the corner of Palos Verdes Drive North. Gary Myer’s 32759 Seagate Drive, Penthouse G, Rancho Palos Verdes, (above right) is a 2 bedroom, 1.75 bath, 1,506 square foot condominium that was originally listed for $1,395,000 and sold last week for $1,100,000. This Bay Club penthouse was an ocean front unit with a 180 degree view, was completely remodeled and would be perfect for either weekend getaways or full time living.

Some photos courtesy of MRMLS

Many Multiple Listing Services allow the agent to cancel/withdraw a listing and then relist it (even moments later) to make it appear as a new listing. I think this is a great marketing ploy but wrong. It then gives a skewed look at buyers’ reaction to that particular property. Kelly and Laura of Remax Palos Verdes call this “Churning and Burning”.

If a property sits on the market for over 30 days, it is overpriced for market conditions. The agent would better serve the Seller if they reduced the price of the property to reflect market conditions or withdraw it from the market. That may sound harsh but the purpose of listing a property is to sell it.

As an agent, we look at sales statistics, current inventory, conditions of home, etc. and give the Seller our estimated sales price. This is not an exact science as it cannot take into consideration a buyer’s emotional connnection to a particular piece of property which can favorably change the outcome of a sales price.

This ploy to relist a property as a new listing only “fools” the public. Most agents will search the History on a property that their client is interested in and will see it as a relist/reduction of an old listing.