Surfing in Palos Verdes is a favorite past time. The Palos Verdes coast provides many bays and coves where you can surf.

Yesterday, there were 11 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 258 active single family homes for sale in Palos Verdes ranging in price from $749,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $619,000). There are 69 townhomes/condos for sale priced between $249,900 and $2,000,000. My favorites were: Lisa Hawk's 43 Misty Acres,...

There are several 2008 holiday events coming up to be enjoyed by owners of Palos Verdes Real Estate. The 52nd Yule Parlor Parade featuring 3 beautifully decorated homes will be held Friday, December 5th, and Saturday, December 6th, from 11:00 a.m. until 4:00 p.m. with a Christmas Tea served at Neighborhood Church from noon to 4:00 p.m (benefiting...

Do you know what the speed limit is on Palos Verdes Estates city streets? It seems there are changes in the air. According to the Peninsula News, the city of Palos Verdes Estates has completed a recent survey of several streets (the last review was in 2002). "The process for setting speed limits is regulated by the California Vehicle Code, or CVS, according to a staff report. The CVS requires that...

On Thursday evening, I drove down Palos Verdes Drive South and noticed lights on at our new Terranea Resort. A call to Ara Mihranian, Project Planner at the City of Rancho Palos Verdes, confirmed that the contractors are working extended hours in the enclosed interiors of the site. It is the developers intent to have the project finished by June 2009. Photo above is of the entry court of the main...

Statistics for single family homes for the month of October for Palos Verdes Real Estate are now available. There were 21 closed escrows (32 in September) and 16 pending sales (19 in September). Active homes for sale have been reduced a bit to 264 (276 in September) . Average price for homes that closed escrow in October declined to $1,227,000 from $1,455,000 in October. This reflects the lower...

Today, there were 16 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 263 active single family homes for sale in Palos Verdes ranging in price from $749,000 (see below) to $18,900,000 in Rolling Hills (the low in Eastview is $479,000). There are 63 townhomes/condos for sale priced between $265,900 and $2,000,000. My favorites today are: Raju Chhabria's 5 Sagebrush Lane,...

The news today from the Federal Housing Finance Agency was that conforming loan limits will remain at $417,000 in the continental United States for 2009. There are higher loan amounts for certain counties. These are known as 'High Cost Areas" and we are one of them. Our conforming loan limits will be $625,000 (In 2008, we enjoyed a higher limit of $729,750). Any loans above $625,500 will be at...

I recently visited the new 55 and over community of Rolling Hills Villas located in Rolling Hills Estates on Deep Valley Drive. This is a welcome addition to Palos Verdes real estate. It is conveniently located within walking distance to the Promenade, Bristol Farms, medical buildings, the post office, library and many other shops in the area. The condominium units are beautiful with granite...

On Tuesday, I attended a presentation by Robert A. Kleinhenz, Deputy Chief Economist for the Callifornia Association of Realtors, to hear the forecast for Palos Verdes real estate. Although, Kleinhenz did not have information specific to Palos Verdes (because we need a minimum of 30 sales per month for their formulas), the Market Outlook was a good perspective on our overall economy nationally,...