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,...
Palos Verdes Estates was the first city on the Peninsula to incorporate in 1939. The city has 4.5 miles of coastline. Twenty-eight percent of city land is permanently deeded as parkland and maintained as dedicated open space. According to Palos Verdes Estates Resident Handbook, the population in the year 2000 was approximately 13,572. Most homes are custom built and one can only find multiple...
Palos Verdes Peninsula is actually composed of 4 different cities - Palos Verdes Estates, Rancho Palos Verdes Estates, Rolling Hills and Rolling Hills Estates (and 2 Los Angeles County areas known as Westfield and Academy Hills). They are all part of the Palos Verdes Peninsula Unified School District. This is the first of 5 posts which will describe the unique qualities of each of the cities from...
With the first day of Spring our thoughts go to nature and real estate. The flowers are blooming and there is life in Palos Verdes real estate too. Today, there are 223 active single family residences for sale compared to 216 last month. March 1st to date, there are 74 Pending transactions for March compared to 32 last month. March 1st to date, there are 18 sold or closed transactions compared...
Real Estate is like baking cookies because: 1. Research is key. 2. You must gather all information (ingredients) before you begin. 3. Care (measuring) must be taken during all steps. 4. You must be patient and attentive during the escrow (baking) process. 5. You get to enjoy the fruits of your labor for many years (days). photo courtesy of John...
The answer seems to change daily. I checked with a lender today and a 30-year fixed conforming loan (now $729,750 for Palos Verdes Peninsula/South Bay real estate) is 5 3/8% with one loan point while a jumbo loan is 6 1/2% with one loan point. On a jumbo loan, lenders are requiring a minimum of 25% down payment (this is new). A HUGE caveat on the conforming loans is that if the loan exceeds the...