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Top Tuesday Tour Tips

Today, there were 15 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 242 active single family homes for sale in Palos Verdes ranging in price from $709,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $599,00). There are 67 townhomes/condos for sale priced between $269,000 and $2,000,000. My favorites were: Rick and Kitty Edler's 4124...


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Financial/Mortgage Update

As reported by Bloomberg, the Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mortgage costs. Fed Chairman Bernanke finds it "encouraging" that his plan announced last week has already spurred a drop in loan rates. Treasury Secretary Paulson is considering using purchases of home loan securities to force...


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Top Tuesday Tour Tips

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,...


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Palos Verdes Holiday Traditions

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...


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Speed Limit Changes in Palos Verdes?

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...


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More on Terranea

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...


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October Market Statistics for Palos Verdes Peninsula

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...


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Top Tuesday Tour Tips

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,...


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