The Palos Verdes Unified School District received a AA+/Aa2 credit rating from Standard & Poor's and Moody's Investor Services. This is one of the highest ratings that a California school district can get and there are only 16 public school districts in California that have a AA+ or better. Owners of Palos Verdes real estate should be proud both of the School District, for their...
There were 10 homes on the October 13, 2009, Palos Verdes real estate Broker's Tour. We currently have 247 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $600,000). There are 56 townhome/condos for sale priced between $220,000 and $1,500,000. My favorites were: Pearl Kaperl's...
Statistics for the month of September for Palos Verdes real estate are now available and for the numbers indicate stability for the last 5 months. As you will note from the graph above, the number of active single family homes for sale in Palos Verdes has been falling for the last several months and is an all time low (for the last 15 months) of 247. For the month of September, there were 49...
Portuguese Bend Beach Club is a guard gated beach community located off Palos Verdes Drive South in Rancho Palos Verdes. This small neighborhood of approximately 90 homes has a private sand beach (one of the few private beaches in Southern California) with its own lifeguard in the summer months. The private beach has barbecue fire pits, volleyball, paddle tennis and a children's...
Palos Verdes Schools again had API (Academic Performance Index) scores above 900 for the 2008-2009 school year. The district had an overall score of 908 which was up from the 2007/2008 base of 901. The 10 elementary schools all scored well above 900 with Cornerstone receiving the highest score of 966. The 3 middle schools scored between 897 and 947 with Palos Verdes Intermediate scoring...
My site is being upgraded this weekend. All features of this site may not be available until Monday morning, October 5, 2009. I am sorry for the inconvenience. Please visit again on Monday. Thank...
There were 18 homes on the September 29, 2009, Palos Verdes real estate Broker's Tour. We currently have 248 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 $565,000). There are 60 townhome for sale price between $218,000 and $1,500,000. My favorites were: Steven Watts' 3820 Via...
In Washington and beyond, the discussion is stirring as to whether to extend the First Time Home Buyer Tax Credit of $8,000 which is set to end November 30, 2009. I believe extending this credit will benefit homeowners across the board including owners of Palos Verdes Real Estate. At first glance, it may not look beneficial to owners of Palos Verdes real estate because the applicant's income cannot...
In the last six weeks interest rates for Palos Verdes real estate have remained fairly steady. The interest rate for a 30-year fixed mortgage going down 1/4 point to 4.75% for a conforming loan and remaining at 5.785% for a jumbo loan. A 5/1 Year ARM is 3.75% for a conforming loan and 5.125% for jumbo loans. A 5/1 Interest Only conforming loan has a 3.75% interest rate and a jumbo loan has a 5.25%...
Red pylons have adorned the Bluff Cove area of Palos Verdes Drive West for so long that I actually don't see them anymore. The repairs to the road above Bluff Cove are scheduled to finally begin October 26 and the City of Palos Verdes Estates hopes to have it completed by Christmas 2009. I say finally because the land has been moving since the 1980s and the road's striping was moved further east...