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The History of Palos Verdes

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...


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Palos Verdes Art Center

Palos Verdes Art Center is open to all, not just owners of Palos Verdes real estate. Palos Verdes Art Center is a non-profit community arts organization that provides art classes for children and adults of all ability levels. The next group of classes begin July 6, 2009 and finish August 29, 2009. Art Center provides classes in drawing, painting, ceramics, sculpture, printmaking, photography,...


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Where Are The Jumbo Loans?

The availability of Jumbo Loans have affected the sale of Palos Verdes real estateover $1,200,000. It is a little tricky because there are jumbo loans available at rates that match May of 2008 - 6.875%. However, the number of buyers who can qualify for those loans has been diminished because these loans must be have full income verification and the borrower must have FICO scores of 700 or...


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Top Tuesday Tour Tips

There were 19 homes on the Palos Verdes real estate Broker's Tour. We currently have 293 active single family homes for sale in Palos Verdes ranging in price from $749,950 in Rancho Palos Verdes to $18,900,000 in Rolling Hills ( the low in Eastview is $529,000). There are 57 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Michael and Nadia Foster's 2620 Via...


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Palos Verdes Schools in Top 10%

Palos Verdes Peninsula Unified Schools again ranked in the top 10% of schools statewide based on Academic Performance Index scores. Great schools are one of the reasons that Palos Verdes real estate is so attractive to both buyers and current property owners. "The top score in all of South Bay, 968, went to Cornerstone at Pedregal Elementary in Rancho Palos Verdes " according to the Daily Breeze....


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Appraisal Rules Not Smelling So Good

Last week Area Appraisal Management Company spoke at our Palos Verdes real estate office meeting to bring us up to date on the new appraisal rules - HVCC or Home Valuation Code of Conduct that went into affect May 1st. In the Sunday LA Times, Kenneth R. Harney wrote an article on the very same subject. They both gave the same information and it is not necessarily good. Lenders can no longer order...


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2009 Palos Verdes Street Fair

The 22nd Annual Palos Verdes Street Fair and Music Festival will take place Saturday, June 6 (10 am to 10 pm) and Sunday, June 7 (10 am to 9 pm). The theme this year is "Taking the Greener Path". The Palos Verdes Street Fair will feature 2 days of events and live music, jazz festival, nearly 200 street vendors, eco-friendly goods, "Living Green" Demonstrations, Carnival & Kiddie Rides, Pony...


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Top Tuesday Tour Tips

There were 16 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 $799,950 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 58 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Laurie Hurley-Fuszard's 2648 Via...


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April 2009 Market Statistics

Statistics for single family homes for the month of April for Palos Verdes Real Estate are now available. April 2009 had 3 less closed sales and 5 less pending sales than March 2009. Inventory of active listings/homes for sale rose again slightly for the fourth consecutive month which is great for buyers. The average price for homes that closed in April increased 20%. For the month of April,...


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