What is the outlook for Palos Verdes real estate? I attended a forecast meeting presented by Robert A. Kleinhenz, Ph.D., Deputy Chief Economist for the California Association of Realtors. There was good news and "other" news. First the good news. Affordability for California is now at 60%; it was 23% in 2007. Interest rates are at historic lows and probably will remain at these levels through the...

The 43rd Annual Palos Verdes Marathon will be held Saturday, May 2, 2009, at 7:00 a.m. It will begin and end at Point Fermin Park (807 Paseo del Mar, San Pedro). According to the official website, the Palos Verdes Marathon is the second longest continuously running Marathon in the United States, second only to the Boston Marathon. That was news to me; I am impressed. For residents, it means we...

Yesterday, both the Daily Breeze and Los Angeles Times had housing reports. The Daily Breeze headlined with "County home prices look to be stabilizing." Los Angeles County home sales made its third consecutive gain while prices remained stable leading some to believe that the market has "finally hit bottom." The lower end of the market is moving and the upper end is slower. For Palos Verdes real...

There were 29 homes on the Palos Veres real estate Broker's Tour. We currently have 328 active single family homes for sale in Palos Verdes ranging in price from $845,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 56 townhomes/condos for sale priced between $229,500 and $925,000. My favorites were: My own listing at 3005 Via Rivera,...

Statistics for single family homes for the month of March for Palos Verdes Real Estate are now available. March 2009 had more than twice as many sold/close escrows and slightly more pending sales than February 2009; the sold/pending numbers are down, however, when compared to March 2008. Inventory of active listings/homes for sale rose again for the third consecutive month which is great for buyers....

The Silver Spur area (also known as Grandview) is located in Rancho Palos Verdes. The best thing about this neighborhood is its close proximaty to schools and shopping. It is home to 3 award winning schools -- Palos Verdes Peninsula High School, Silver Spur Elementary and Cornerstone Elementary. Peninsula Shopping Center and The Promenade are at it's southern border. The Silver Spur...

Mortgage rates are down for a 30-year fixed compared to last month for the Palos Verdes real estate market. These rates are as of April 3, 2009. Also of note, the California Association of Realtors announced "a new program designed to provide peace of mind to first-time buyers who are hesitant to enter he housing market due to concerns about potential job loss, and subsequently being unable to...

Yesterday, there were 25 homes on the Palos Verdes real estate Broker's Tour. We currently have 302 active single family homes for sale in Palos Verdes ranging in price from $800,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 49 townhomes/condos for sale priced between $229,500 and $925,000. My favorites were: Alexa and Kurt Hoyt's 36...

Well, it's back to work for me. I took the weekend off for my daughter's wedding. It was the perfect day all around. The weather was a sunny 75 degrees, perfect for a garden wedding. The bride and groom so happy and joyful - it was contagious. There were so many family and friends to share in our joy. It was a perfect...

Carol Quan, Special Assistant, Los Angeles Tax Assessor, spoke at our Palos Verdes real estate Remax office meeting and gave us an update on property tax reassessment. Before June, the Tax Assessor's Office will pro-actively review 400,000 Los Angeles County single family residences, townhomes and condos purchased between July 1, 2003 and June 30, 2008 to ascertain if there has been a decline in...