Preliminary sales figures for Palos Verdes real estate for June 2009 show an upswing in single family homes sales compared to both May 2009 and June 2008 which is significant. That is good news for Palos Verdes real estate! June 2009 has 48 closed sales compared to 24 in May - twice as many sales. And June of 2008 had only 38 closed sales compared to 48 this June. It looks like buyers have moved...

Mortgage rates have been see-sawing up and down a bit for the Palos Verdes real estate market. A 30-year fixed conforming loan is 4.875% which is a quarter percent higher than 2 months ago and a quarter percent lower than last week. A 5/1 Year ARM is 3.875% and a 5/1 Interest Only loan is 4%. 30-year Fixed Jumbo rates are 6.125% for borrowers with FICO scores over 740 and 30% down. A jumbo 5/1 Year...

Fourth of July on the Palos Verdes Peninsula will be celebrated at two special public events. There will also be several local firework displays in the evening. This year Palos Verdes Estates will be holding their48th Annual Independence Day Celebrationat Lunada Bay School, 520 Paseo Lunado. The festivities are free to the public and will begin at 9:45 a.m. with entries into the Apple Pie Contest...

Free summer fun in Palos Verdes Peninsula is not just for owners of Palos Verdes real estate, but is open to all. Here are some of the events to chose from this summer: The Lunada Bay Homeowners Association will be hosting "Summer Concerts in the Park" at Lunada Bay Park, Palos Verdes Estates, from 6:00 p.m. to 8:00 p.m. on July 9 (Beth Rhode & Guests - Brazilian Jazz) and July 26 (Marti...

There were 27 homes on the Palos Verdes real estate Broker's Tour. We currently have 294 active single family homes for sale in Palos Verdes ranging in price from $799,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $585,000). There are 55 townhomes/condos for sale priced between $250,000 and $950,000. My favorites were: Nick Peters' 22 Oceanaire Drive,...

After being inspired by the oceanfront trails at Terrenea, I was on a quest to find other hikes and trails on the Palos Verdes Peninsula. I came across an excellent book compiled by the Palos Verdes Peninsula Land Conservancy entitled, "Best Hikes On The Palos Verdes Peninsula". The book lists 32 separate trails and specifies the round trip distance, the highest & lowest elevation of the trail,...

After spending last weekend at the new Terranea Resort, I can say that it is fabulous and I recommend it to all, including Palos Verdes residents. The views are spectacular. We took several walks along the trails at the ocean's edge. We walked down to the beach and sat on the rocks and listened to the surf "chatter" as it rolled back out over the stones. There is even a cave near the jetty. We...

Statistics for single family homes for the month of May for Palos Verdes real estate are now available. May 2009 had 5 less closed sales and 19 less pending sales than April 2009. Inventory of active listings/homes for sale fell to 281 in May. The average price for homes that closed in May fell 5.7% and the average days on market also decreased. For the month of May, there were 24 closed sales...

There were 28 homes on the Palos Verdes real estate Broker's Tour. We currently have 294 active single family homes for sale in Palos Verdes ranging in price from $839,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the ow in Eastview is $585,000). There are 55 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Cheryl Rau and Robin DeBraal's 1640...

As part of my certification as Palos Verdes Specialist, I learned about the history of Palos Verdes Peninsula. Even though I had lived here over 25 years, some of this was new to me. In 1846, the Mexican government granted land known as Rancho Palos Verdes to the family of Don Jose Sepulveda. In 1882, Jotham Bixby acquire 16,000 acres of what is now the Palos Verdes Peninsula. In 1913 Frank...