Buyer Resources

Statistics for single family homes for the month of May for Palos Verdes real estate are now available. May 2009 had 5 less closed sales and 19 less pending sales than April 2009. Inventory of active listings/homes for sale fell to 281 in May. The average price for homes that closed in May fell 5.7% and the average days on market also decreased. For the month of May, there were 24 closed sales...

There were 28 homes on the Palos Verdes real estate Broker's Tour. We currently have 294 active single family homes for sale in Palos Verdes ranging in price from $839,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the ow in Eastview is $585,000). There are 55 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Cheryl Rau and Robin DeBraal's 1640...

The availability of Jumbo Loans have affected the sale of Palos Verdes real estateover $1,200,000. It is a little tricky because there are jumbo loans available at rates that match May of 2008 - 6.875%. However, the number of buyers who can qualify for those loans has been diminished because these loans must be have full income verification and the borrower must have FICO scores of 700 or...

There were 19 homes on the Palos Verdes real estate Broker's Tour. We currently have 293 active single family homes for sale in Palos Verdes ranging in price from $749,950 in Rancho Palos Verdes to $18,900,000 in Rolling Hills ( the low in Eastview is $529,000). There are 57 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Michael and Nadia Foster's 2620 Via...

Palos Verdes Peninsula Unified Schools again ranked in the top 10% of schools statewide based on Academic Performance Index scores. Great schools are one of the reasons that Palos Verdes real estate is so attractive to both buyers and current property owners. "The top score in all of South Bay, 968, went to Cornerstone at Pedregal Elementary in Rancho Palos Verdes " according to the Daily Breeze....

Last week Area Appraisal Management Company spoke at our Palos Verdes real estate office meeting to bring us up to date on the new appraisal rules - HVCC or Home Valuation Code of Conduct that went into affect May 1st. In the Sunday LA Times, Kenneth R. Harney wrote an article on the very same subject. They both gave the same information and it is not necessarily good. Lenders can no longer order...

There were 16 homes on the Palos Verdes real estate Broker's Tour. We currently have 294 active single family homes for sale in Palos Verdes ranging in price from $799,950 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 58 townhomes/condos for sale priced between $209,500 and $950,000. My favorites were: Laurie Hurley-Fuszard's 2648 Via...

Statistics for single family homes for the month of April for Palos Verdes Real Estate are now available. April 2009 had 3 less closed sales and 5 less pending sales than March 2009. Inventory of active listings/homes for sale rose again slightly for the fourth consecutive month which is great for buyers. The average price for homes that closed in April increased 20%. For the month of April,...

Prices for Palos Verdes real estate have not been fluctuating as much as other areas. However, when one looks at the average price for single family residences at the end of March 2009 (1,259,000) compared to March 2008 ($1,608,000) there is a 27% decrease but what those numbers do not show is that the number of sales under $1,000,000 are currently the bulk of sales (40 out of total sales of 82...

Clients often ask what the school boundaries are in Palos Verdes. For High School it is an easy answer - Currently there is open enrollment for both Palos Verdes High School and Palos Verdes Peninsula High School; incoming students may choose either. See my article from 1/30/09 with particulars about each school by clicking here. We have 3 intermediate or middle schools in Palos Verdes - Palos...