Mid July 2021 Palos Verdes Home Sales
Palos Verdes real estate single family home sales in the first 22 days of July 2021 are 52 homes which is an decrease from the 53 Palos Verdes homes sold in the first 22 days of June and an increase from the first 22 days of July 2020 (39). (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 July 1st to July 22nd is $2,104,950 which is an increase from last month’s average of $2,100,000 for this same time period and an increase from $1,590,000 last July.
In July 2021 to date, the highest priced Palos Verdes homes sold for $5,251,000 and is located in the Palos Verdes Drive South neighborhood and had 5 bedrooms, 7 baths, and 5,251 square feet on a 15,653 lot. This meticulously crafted new custom home features panoramic ocean/Catalina/golf course views, captivating owner’s suite, home theater, recreational room w/wet bar & kitchenette, floor to ceiling glass doors, enormous covered heated patio, and pool/spa. The lowest priced Palos Verdes home sold July 1, 2021 to date for $1,375,000 and is located in the Crest neighborhood of Rancho Palos Verdes and features 2 bedrooms, 3 baths and 2,836 square feet on a 5,250 square foot lot.
We currently have 96 active single family Palos Verdes homes for sale priced between $1,250,000 in the Palos Verdes Drive North neighborhood to $18,950,000 in the Lunada Bay neighborhood. To view Palos Verdes real estate statistics from April 2020 through June 2021, click here or on the “Statistics” tab above.
Above photo of Point Vicente Lighthouse courtesy of Arvin Design
South Coast Botanic Garden Presents “The DiscOasis!”
Palos Verdes homes owners can enjoy an interactive theatrical experience by visiting the South Coast Botanic Garden for “The DiscOasis” show going on now through September 6, 2021. The DiscoOasis is a music driven interactive fantasy that invites audiences into a glittering disco where the main attraction is roller skating. This event will take place in the middle of the Garden’s 87 acres. There will be DJ’s, live performers, art, a retro arcade and garden games bringing this disco to life with music, dancing and food/drinks available for purchase.
This event is for all ages. It is suggested that younger children participate during the earlier hours. Roller skating participants must be over 3 years of age. They will provide skates at no charge or you may bring your own. Helmets and pads are encouraged especially for children.
The DiscoOasis is presented by Constellation Immersive, an affiliate of the Creative Artists Agency. Legendary Nile Rodgers will be curating the soundscape to this theatrical fantasy as the Groovemaster.
Timed ticket reservations will be required for all visitors due to social distancing. Entries are timed between 5:00 p.m. and 8:30 p.m. Advanced reservations are required and the tickets prices start at $39. They are selling quickly – so make sure you get them before they sell out. For more information go to https://thediscoasis.com, or to purchase admission tickets click here.
The South Coast Botanic Garden is located at 26300 Crenshaw Boulevard, Palos Verdes Peninsula.
To read my prior article about the Garden and its special exhibits click here.
Photo courtesy of the South Coast Botanic Garden
Favorite Palos Verdes Homes July 20, 2021
My favorite new Palos Verdes homes listings on July 20, 2021, are described below. We currently have 105 single family Palos Verdes homes for sale ranging in price from $1,250,000 in Rancho Palos Verdes (the low in Eastview is $1,080,000) to $18,950,000 in the City of Palos Verdes Estates. There are 16 Palos Verdes condos/townhomes for sale priced between $489,900 and $1,895,000. My favorite new Palos Verdes homes listings are:
Joshua Altman & Matthew Altman’s (Douglas Elliman) 601 Via Del Monte, Palos Verdes Estates, 90274 (above left) is a 5 bedroom, 7 bath, 6,000 square foot home for $7,995,000. This quintessential Malaga Cove estate features breathtaking panoramic ocean views, chef’s kitchen, elevator, bonus room w/kitchen, movie theater, stunning owners suite and expansive pool/spa. Rodman Amiri’s (Merit Real Estate) 30216 Avenida Selecta, Rancho Palos Verdes, 90275 (above right) is a 4 bedroom, 3 bath, 3,166 square foot home for $2,349,000. This very special Country Club home features sprawling front yard, peek-a-boo ocean views, large living room, luxurious kitchen w/breakfast nook, sunken family room and secret garden.
Jackie Wang-Dojiri’s (RE/MAX Estate Properties) 4812 Blackhorse Road, Rancho Palos Verdes, 90275 (above left) is a 4 bedroom, 3 bath, 2,246 square foot home for $1,799,000. This beautifully remodeled Peninsula Center home features canyon views, remodeled kitchen w/center island, family room, and pool on over an acre lot. Gayle Probst’s (RE/MAX Estate Properties) 28210 Palos Verdes Drive East, Rancho Palos Verdes 90275 (above right) is a 4 bedroom, 3 bath, 2,982 square foot home for $1,795,000. This lovely Palos Verdes Drive East home features kitchen w/breakfast bar, fully finished library, impressive owner suite, finished attic/playroom, tennis court and pool.
To read my prior article on favorite Palos Verdes homes for sale click here.
Photos courtesy of CRMLS and The MLS
Palos Verdes Enjoys 2021 Movies In The Park!
Palos Verdes homes owners are really looking forward to enjoying summer activities this year with family. After this past year, we are all want to get outdoors and enjoy the summer weather. The City of Rolling Hills Estates will once again be sponsoring free movies at Ernie Howlett Park. There is nothing better than seeing a free movie on a Saturday night. This Saturday, July 24, 2021, at Ernie Howlett Park, the Disney movie “Jumanji” will be showing at 8:00 p.m. All you need to do to enjoy this fun event is to bring your low back chairs, blankets and warm clothing. There will be popcorn and water available for purchase by the local 4-H club for $1.00 each.
You may want to mark your calendars for Saturday, August 21, 2021, as “The Goonies” will be the entertainment for that night.
Ernie Howlett Park is located at 25851 Hawthorne Blvd, Rolling Hills Estates.
To read my prior article on summer movies click here.
Photo courtesy of the City of Rolling Hills Estates
Palos Verdes Homes Sales 1st Half 2021
Palos Verdes real estate prices increased for the first half of 2021 with increases in number of homes sold, average sales price, and price per square foot. The number of Palos Verdes homes sold in the first half of 2021 was higher than the first half of 2020 (410 compared to 259). 2021 first half average sales price for single family Palos Verdes homes increased compared to the first half of 2020 – $2,408,633 compared to $1,845,727. Average price per square foot for Palos Verdes homes sold in the first half of 2021 was $799 compared to $633 for the same time period in 2020 – an increase of 26.2%.
The mix of Palos Verdes homes sales for the first half of 2021 showed fewer sales under $1,000.000 compared to the first half of 2020. In first half of 2021, only 8 Palos Verdes homes sold under $1,000,000 which was 2% of sales (compared to 17 homes – 6.6% – in first half of 2020). In the first half of 2021, 210 Palos Verdes homes sold between $1,000,000 and $2,000,000 which was 51% of sales (compared to 174 homes – 67.2% – in first half of 2020). In first half of 2021, 172 Palos Verdes homes sold between $2,000,000 and $5,000,000 which was 42% of sales (compared to 62 homes – 23.9% – first half 2020). Finally, in the first half of 2021, 20 Palos Verdes homes sold for $5,000,000+ which was 5% of sales (compared to 6 homes – 2.3% – first half 2020).
The total valuation for all single family Palos Verdes homes sold the first six months of 2021 increased from 2020 – $985,940,812 compared to $483,884,714 with 151 additional homes sold in the first half of 2021. In the first half of 2021, the highest priced home sold for $16,680,000 in the City of Rolling Hills (first half of 2020, there was a $6,700,000 sale) and the lowest price home sold for $800,000 in Rancho Palos Verdes. Next week, I will discuss Palos Verdes homes sales for first half 2021 for the individual Palos Verdes neighborhoods. To read my article on Palos Verdes homes sales first half 2020, click here.
Photo of Point Vicente Lighthouse in Palos Verdes courtesy of Arvin Design
New Summer Local Vendors Farmer’s Market!
Palos Verdes home owners are excited that Valmonte Farm & Garden will be hosting a Local Vendors Farmer’s Market on the third Saturday of each month during the summer months. The next market will take place on July 24, 2021, from 9:00 a.m. to 12:00 noon behind Valmonte Elementary School.
Valmonte Farm & Garden, Inc is a nonprofit organization that provides all students of PVPUSD, plus the community, with a safe environment for vocational education, social involvement, and continuing education. This is a shared community experience that has been created to emphasize health, wellness and creativity though growing your own seasonal food. This working farm and garden is in full production 12 months a year and also provides restaurants with fresh vegetables through the Seed to Plate program.
In addition to produce, the Local Vendor Farmers Market will showcase Bashi Bakes, Little Lamp Candle Company, and Tom Wayne Bertolotti prints. The Garden also has their regular Farmer’s Market on Saturdays from 9:00 to noon. The fourth Saturday of the month the Garden presents a free workshop from 10:00 to 11:00 a.m.
The market is located at 3801 Via La Selva, Palos Verdes Estates, behind Valmonte Elementary School (to the left upon entering the parking lot). Go to the end, and the Market is behind a portable building next to the Palos Verdes Little League Field.
For more information on the Valmonte Farm & Garden click here.
Photo courtesy of Valmonte Farm & Garden
Favorite Palos Verdes Homes July 13, 2021
My favorite new Palos Verdes homes listings on July 13, 2021, are described below. We currently have 98 single family Palos Verdes homes for sale ranging in price from $1,375,000 in Rancho Palos Verdes (the low in Eastview is $1,190,000) to $19,995,000 in the City of Palos Verdes Estates. There are 8 Palos Verdes condos/townhomes for sale priced between $425,000 and $1,895,000. My favorite new Palos Verdes homes listings are:
Steven Watts’ (Vista Sotheby’s International Realty) 17 Via Del Cielo, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 7 bath, 7,340 square foot home for $7,498,000. This spectacular Oceanfront Estates home features endless coastline ocean views, gourmet kitchen, fabulous family room, sun room, spectacular owners suite w/office and beautiful swimming pool. Taffy Bishara’s (RE/MAX Olympic) 6 Yellow Brick Road, Rancho Palos Verdes, 90275 (above right) is a 6 bedroom, 7 bath, 5,265 square foot home for $3,797,000. This pristine Malaga Cove home features stunning ocean/city views, beautiful kitchen w/island, luxurious owners suite, lots of fruit trees, and a saltwater pool.
Charles Raine’s (RE/MAX Estate Properties) 84 Rockinghorse Road, Rancho Palos Verdes, 90275 (above left) is a 4 bedroom, 3 bath, 2,374 square foot home for $1,895,000. This wonderful Palos Verdes Drive East mini estate features city lights/harbor view, rich wood flooring, remodeled kitchen, guest house, and is zoned for horses. Pete Stefanelli’s (RE/MAX Estate Properties) 5502 Graylog St. Rancho Palos Verdes, 90275 (above right) is a 3 bedroom, 2 bath, 1,351 square foot home for $1,495,000. This beautiful Silver Spur home features some city light views, remodeled kitchen, remodeled baths, and a 10,000 square foot large lot.
To read my prior article on favorite Palos Verdes homes for sale click here.
Photos courtesy of CRMLS
Palos Verdes Joins In Olmsted Jr. Birthday Celebration!
The City of Palos Verdes Estates will be having a free community event for homeowners on Saturday, July 24, 2021, from 10:00 a.m. to 2:00 p.m. to celebrate Olmsted Jr. Birthday Celebration. It will be held at Olmsted Place, Malaga Cove Plaza.
Fredrick Law Olmsted Jr. was one of the founding fathers and urban designers of Palos Verdes Estates. He is known nationally, and Palos Verdes Estates Foundation, Palos Verdes Homes Association, and other local organizations will be sponsoring this celebration of design and the history of our community.
This will be an enjoyable day of rediscovering the local park lands and our historical heritage. There will be treasure hunts, hikes, games, cake walks, a photo booth, plein air art and much more.
To learn more about the Palos Verdes Foundation click here.
Above Photo of Farnham Martin Park & Fountain by Erik Jay
Palos Verdes real estate sales June 2021 for Palos Verdes homes inecreased compared to May. 82 Palos Verdes houses sold in June compared to 75 homes in May and increased compared to the 54 homes that sold in June 2020. There were 93 Palos Verdes single family homes pending in June which increased from the 80 homes pending in May. The number of active Palos Verdes homes for sale in June (89) increased from the 80 homes for sale in May.
Average sales price for Palos Verdes homes sold in June increased to $3,058,000 compared to $2,282,000 in May, and increased from the $1,748,000 in June 2020. Price per square foot for Palos Verdes houses that sold/closed escrow in June increased to $894 from $821 in May. Average days on market in June was 30 days which increased from the 14 days in May. Months of inventory (months it would take to sell existing inventory at the current rate of sale) was exactly the same in June and May – 1.1 months for Palos Verdes homes for sale. A “normal” or balanced market is considered 3 months of inventory and Palos Verdes real estate “months of inventory” is considerably lower indicating the continuing demand for Palos Verdes homes. Entire charts can be accessed by clicking here or on the “Statistics” tab above.
Currently, there are 70 single family Palos Verdes homes for sale. 84 Palos Verdes houses are in escrow (45 homes have pending sales and 39 homes are active under contract). Additionally, 13 homes have sold/closed escrow in the first 8 days of July.
To read my May report on Palos Verdes Real Estate sales, click here.
Chart courtesy of Trendgraphix, Inc.
Palos Verdes Malaga Cove 2021 Summer Concerts
Malaga Cove’s 2021 Summer Concert In The Park returns and will begin on Wednesday, July 14, 2021, at Farnham Martin Park located next to the Malaga Cove Library in Palos Verdes Estates. The concerts are held on Wednesdays from 6:30 p.m. to 7:30 p.m. This year they will be having only 4 concerts which will be begin on July 14, and continue on July 28, August 11 and August 25, 2021. Thanks again to the Malaga Cove Business & Professionals Association for their sponsorship of these concerts and the City of Palos Verdes Estates, the Palos Verdes Police Association, and the Malaga Cove Library for their support. You may bring your blankets at 3:00 p.m to save a spot, but remember that only small back chairs are allowed in the center areas.
The list of the 2021 performers are as follows:
July 14 – Sitterly Memorial Quartet
July 28 – Andy, Renee and Hard Rain (Rock Classics)
August 11 – Driftaway (Soulful 70’s)
August 25 – John Brown Band (British Invasion)
To read more about the concert series and the performers click here.
To read my prior article on Malaga Cove Concert Series click here.
Farnham Martin Park is located at 2400 Via Campesina, Palos Verdes Estates
Photo courtesy of Malaga Cove Concerts In The Park