Friday's mortgage rates are up slightly compared to our last Morgage Update two weeks ago. At that time a 30 year fixed rate mortgage was 5.75% conforming and 6.75% jumbo. As you can see from the chart above, today a borrower will pay 6.125% conforming and 6.875% jumbo. Friday's mortgage rates for Palos Verdes homes are provided by Jim Kurata, Peninsula Mortgage/Chase...
Today there were 26 homes on Broker's Tour. We currently have 253 active single family homes for sale in Palos Verdes ranging in price from $599,000 (in Eastview) to $23,000,000. My favorites today were: Joan Zirkel's 6739 Vallon Drive, Rancho Palos Verdes (above left), is a 5 bedroom, 3 bath, 3177 square foot home for $1,650,000. This remodeled home has an ocean view, 3 car garage and backs to...
The 21st Annual Palos Verdes Street Fair and Music Festival takes place this weekend. The theme this year is "Going Green" and will feature "Green Street" with exhibitors giving away free energy-efficient light bulbs, eco-friendly shopping bags and lots of free merchandise. There will also be demonstrations and seminars. Palos Verdes Street Fair will also feature over 150 street vendors, a Student...
Today there were 22 homes on Broker's Tour. We currently have 258 active single family homes for sale in Palos Verdes. My favorites today were: Al D'Amico's 12 Pony Lane, Rolling Hills Estates (above top), is a 3 bedroom, 2 bath, 2317 square foot home for $1,575,000. This is "A Horse Lover's Dream" on a 20,000 square foot lot with a 2-stall barn and exercise ring adjacent to the...
Palos Verdes students have exceeded the prior years API scores as reported by the State of Calilfornia Department of Education. The new 2007-2008 Accountability Progress Report is available and shows the Palos Verdes Unified School District with a score of 899 with 9,127 studests included. The score for 2006 was 897. Great schools help maintain property values for Palos Verdes real estate. The...
Palos Verdes will be a little busier on Saturday, May 17th, as the 42nd Palos Verdes Marathon will begin at 7:00 a.m. at Point Fermin Park, 807 Paseo Del Mar, San Pedro. The runners follow a beautiful course along the coast to Lunada Bay and back. Click here for a course map to assist your travels around the Peninsula or if you would like to cheer on the participants. Photo courtesy of the Palos...
Rolling Hills Estates is the 3rd largest city on the Peninsula both in size (4.18 miles) and population (7,676) according the the Residence Handbook. Their are 30 neighborhood areas within the community, each with its own special character. Overall, the city has tried to maintain it's rural residential atmosphere and many lots are 1/2 acre or more and many are zoned equestrian. The city has 178...
Today's Los Angeles Times Real Estate Section reported the ten Southern California cities with the highest increase in sales prices for single family residences for the first quarter of 2008 compared with the same period last year. Both zip codes on the Palos Verdes Peninsula were on this list. Palos Verdes Estates, Rolling Hills and Rolling Hills Estates (zip 90274) showed an increase in median...
Rolling Hills is a private, gated, equestrian community located atop the scenic hills of the Palos Verdes Peninsula. The city was incorporated in 1957 and is 3 square miles. This is the smallest city on the Peninsula and the most private. In 2002, there were 690 homes with a population of 1,906 residents. The city has 26 miles of private roads and 23 miles of equestrian trails. Current real...
Rancho Palos Verdes was the last city on the Peninsula to incorporate in 1973. The city has 7.5 miles of coastline and 12.3 square miles of land. Rancho Palos Verdes is the largest city on the Peninsula. According to the U.S. Census Bureau, the estimated population in the year 2003 was 42,265. Current real estate prices for single family residences are between $619,000 (for a 2 bedroom, 1 bath,...