Statistics for the month of August for Palos Verdes real estate are now available an for the third month in a row, the numbers are looking better. As you will note from the graph above, the number of active residential properties for sale in Palos Verdes have fallen from 434 August 2008 to 325 in August 2009. Additionally, for August 2009 both pending sales and sold/closed escrows have almost doubled...

On Saturday morning, September 12, we will see 100 antique and classic cars driving around the Palos Verdes Peninsula as part of the Palos Verdes Concours Tour d'Epicure Road Rallye. This year's theme is "A Tale of Two Lights", a mystery about the Point Vicente and Point Fermin lighthouses. On Sunday, September 13, the Concours d'Elegance will begin at 10:00 a.m. to 4:00 p.m. at Trump National...

Palos Verdes experienced 2 different fires within one week and owners of Palos Verdes real estate were lucky that there was no loss of life or homes. The most recent fire on Thursday (above) was caused by a single car accident on Crenshaw resulting in a fire which quickly spread uphill toward Chadwick School and homes in Academy Hill. There were 2 large scooper planes that filled themselves with...

There were only 15 homes on the September 1, 2009 Palos Verdes real estate Broker's Tour. I think it was a light tour because it was the first day of school for the Palos Verdes School District. We currently have 267 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $615,000). There are 47...

The Point Vicente neighborhood is located in Rancho Palos Verdes near the intersection of Palos Verdes Drive West and Hawthorne Boulevard. This is a small neighborhood of only a six streets and about a half a mile long. This is one of my favorite neighborhoods because nearly every home has ocean views. As you enter the homes, you are greeted by a full ocean view from the living room and dining room....

Westfield is one of two Los Angeles County areas located off Palos Verdes Drive North that are designated as "Palos Verdes Peninsula" as their city. This area consists of approximately 300 homes, most of which are equestrian properties. There is a community riding ring (on Eastvale near Palos Verdes Drive North), riding trails and a community tennis court. The properties higher up on the hill...

Echoes of this oft-repeated question from our youth, are rumbling through the home buying community. Have we "hit bottom" in the Palos Verdes real estate market? Even the experts do not know. The Los Angeles Times August 17th edition tackled this subject regarding real estate in all of Southern California. There were several stories of "experts" who predicted the housing bubble, sold their own...

There were 20 homes on the August 18, 2009 Palos Verdes real estate Broker's Tour. We currently have 280 active single family homes for sale in Palos Verdes ranging in price from $836,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $685,000). There are 48 townhomes/condos for sale priced between $250,000 and $1,500,000. My favorites were: Gerard Bisignano's...

It was a fairly quiet week in the financial/mortgage area which is a welcome change from the last several months. Rates are down slightly for all loans. The current interest rate for a 30-year fixed conforming loan is 5% and 5.875% for a jumbo loan. A 5/1 Year ARM is 3.625% for conforming loans and 5.125% for jumbo loans. A 5/1 Interest Only conforming loan has a 3.75% interest rate and a jumbo...

Statistics for single family homes for the month of July for Palos Verdes real estate are now available and for the second month in a row, the numbers are looking better. As you will note from the graph above, the number of active single family homes for sale in Palos Verdes have fallen from 437 July 2008 to 331 for July 2009. Pending sales climbed to 84 for July 2009 from 69 in June 2009 and way up...