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,...
Today, there were 19 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 274 active single family homes for sale in Palos Verdes ranging in price from $785,000 in Rancho Palos Verdes ($479,000 in Eastview) to $18,900,000 in Rolling Hills. There are 64 townhomes/condos for sale priced between $259,000 and $2,000,00. My favorites today are: Rick Edler's 1200 Via Landeta,...
Good news for Palos Verdes Peninsula residents. There is a new banner (shown above) on the former Golden Lotus Restaurant site in the Golden Cove Center indicating Trader Joe's may be coming to Rancho Palos Verdes after all. The initial plans were scrapped after the landlord decided to rescind his application with the city of Rancho Palos Verdes after some neighbors complained. However, the...
Statistics for single family homes for the month of September for Palos Verdes Real Estate are now available. There were 31 closed escrows (30 in August) and 15 pending sales (35 in August). Active homes for sale have remained fairly constant (276 in September) for the last 4 months and up from the same period a year ago (227 in September 2007). Average price for homes that closed escrow in...
Today, there 21 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 282 active single family homes for sale in Palos Verdes ranging in price from $785,000 in Rancho Palos Verdes ($619,000 in Eastview) to $18,900,000 in Rolling Hills. There are 64 townhomes/condos for sale priced between $270,000 and $2,000,000. My favorites today are: Cora Fischer's 1605 Via Barcelona,...
Every time I travel down Palos Verdes Drive South, I am amazed at the progress of our new Terranea Resort. I do believe they will make their June 2009 opening! Peninsula News recently had an article updating the progress. On October 27th a furnished Casita will be completed and open for public view from 10:00 - 5:00 (and daily thereafter). Please call 310-802-7465 for an appointment. 31 Casitas...
What are the names of the Bays and Coves in Palos Verdes? That questions was asked of me a couple of weeks ago. And as a 30 plus year resident, I could not name them all. How lucky are we here on the Palos Verdes Peninsula that we have so many that we can't count or name them all! Our coastline is truly magnificent! Matt Waters at Rancho Palos Verdes Parks and Recreation Department did some...
Today, there were 26 homes on the Palos Verdes Real Estate Broker's Tour. We currently have 275 active single family homes fo sale in Palos Verdes ranging in price from $799,000 in Rancho Palos Verdes ($619,000 in Eastview) to $18,900,000 in Rolling Hills. There are 55 townhomes for sale priced between $279,900 and $2,000,000. My favorites today are: Kitty and Rick Edler's 209 Rocky Point...
Recently, I answered a question on Trulia Voices regarding property taxes for Palos Verdes real estate and thought it was worth a mention here also. When a property is purchased, it is reassessed by the Los Angels County Tax Assessor using the sales price as the base. The new property tax will be 1% of the purchase price plus any local bonds and assessments (usually averages another .0025 of the...