Seller Resources

Elaine Murphy Carlson

Phone : 310-802-2393

Elaine@ElaineCarlson.com

Website : ElaineCarlson.com

CalBRE# :00598848

Mid May 2020 Palos Verdes Home Sales

Mid May 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 22 days of May 2020 are 26 homes which is a decrease from the 32 Palos Verdes homes sold in the first 22 days of April and a decrease from the first 22 days of May 2019 (46).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from May 1st to May 22rd is $2,002,646 which is an increase from last month’s average of $1,923,985 for this same time period and an increase from $1,980,000 last May.

In May 2020 to date, the highest priced Palos Verdes homes sold for $4,100,000 and is located in the Palos Verdes Drive South neighborhood of Rancho Palos Verdes and had 5 bedrooms, 6 baths, and 6,000 square feet on a 18,118 square foot lot.  This beautiful newly constructed home features ocean/golf/Catalina views, a gourmet kitchen, glass round elevator, 21 foot cascading water wall, and zero edge pool w/40 foot water wall.  The lowest priced Palos Verdes homes sold May 2020 to date for $1,200,000 and is located in the Silver Spur neighborhood of Rancho Palos Verdes and features 3 bedrooms, 3 baths and 2,133 square feet on a 7,076 square foot lot.

We currently have 124 active single family Palos Verdes homes for sale priced between $1,130,000 in the Peninsula Center neighborhood to $18,999,000 in the City of Rolling Hills.  To view Palos Verdes real estate statistics from February 2019 through April 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid April 2020 Palos Verdes Home Sales click here.

Photo of Lakeview Catalina Trail courtesy of Arvin Design

Palos Verdes Real Estate Sales April 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales April 2020 For Palos Verdes Homes

Palos Verdes real estate sales April 2020 for Palos Verdes homes increased compared to March.  50 Palos Verdes houses sold in April compared to the 48 homes sold in March and increased compared to the 48 homes that sold in April 2019.  There were 42 Palos Verdes single family homes pending in April which is exactly the same as the 42 homes pending in March.  The number of active Palos Verdes homes for sale in April (141) was slightly higher than the 140 homes for sale in March.

Average sales price for Palos Verdes homes sold in April decreased to $1,938,000 compared to $1,983,000 in March, and increased from the $1,888,000 in April 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in April decreased to $602 from March ($655).  Average days on market in April was 38 days which decreased from the 52 days in March.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 2.8 months in April for Palos Verdes homes for sale compared to 2.9 months in March. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 130 single family Palos Verdes homes for sale.  62 Palos Verdes houses are in escrow (26 homes have pending sales and 36 homes are active under contract).  Additionally, 9 homes have sold/closed escrow in the first 8 days of May.

To read March’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Palos Verdes Homes Information – How to Disinfect Your Home in the Time of Coronavirus

I came across the following article that I want to share with Palos Verdes homes owners as it contains great information.

How to Disinfect Your Home in the Time of Coronavirus

By: Christina Hoffmann

Published: March 17, 2020

I came across the following article that I wanted to share with Palos Verdes homes owners as it has great information.

A bleach solution or rubbing alcohol is your best bet for keeping your home sanitized.

There’s everyday clean, guest clean, and then there’s COVID-19 clean.

To get down the absolute nitty gritty on how to disinfect your home, you’ll want your big guns: bleach, rubbing alcohol, and hot water.

The Best Disinfectants

For your high-touch surfaces, the Centers for Disease Control recommends a bleach solution diluted with water, or a 70% alcohol solution.

Follow this bleach recipe: 5 tablespoons (1/3 cup) bleach per gallon of water, or 4 teaspoons of bleach per quart of water.

Make sure to properly ventilate when disinfecting with bleach.

And check to see if your bleach has expired. Who knew it could? After about 9 months to a year, and if it smells less bleachy, it’s lost its disinfecting power. Time for a new jug.

Tip: Don’t mix bleach with anything other than water; otherwise, it could set off a dangerous chemical reaction. For instance, bleach + alcohol is a deadly combo.

How to disinfect your home if you don’t have bleach? Regular old rubbing alcohol (isopropyl alcohol or ethyl alcohol) works, so long as it’s at least 70% alcohol, according to the CDC. The alcohol concentration will be listed on the bottle. Rubbing alcohol you buy should already be diluted, unlike bleach.

Is There a Such a Thing as Too Much Disinfectant?

According to an EPA fact sheet, studies have found that using some disinfectant products can cause germs to become resistant.

The EPA has issued a list of disinfectants on the market that it believes are effective in killing COVID-19. Look for the EPA registration number on the product and check it against this list to ensure you have a match.

Erica Marie Hartman, an environmental microbiologist at Northwestern University in Evanston, Ill., whose research focuses on resistance, confirms soap, bleach, and alcohol are your best bets.

What about the various disinfecting wipes on the market (at least if you can find them)? Hartman says the active ingredient in many of those is an ammonium compound, which could become resistant to viruses over time.

Surfaces That Need Your Attention

With your preferred disinfectant, wipe down high-touch surfaces like doorknobs, light switches, tables, remotes, banisters, toilets, sinks, and faucets daily or more often, if someone in your home is sick.

Contact time is another key aspect of surface sanitizing. “Disinfection isn’t instantaneous,” says Hartman. [For a bleach solution], you want to leave it on the surface for 10 minutes before wiping it off. ”

By the way, new research from scientists at the National Institutes of Health, among other agencies, shows that at least some coronavirus can live for up to 24 hours on cardboard and up to three days on plastic and stainless steel.

But a report in “The Washington Post” notes that the most likely period for infection from the virus on surfaces is in the first 10 minutes to one or two hours.

Not All Floors Can Handle Bleach

For your nonporous floors, like those in the bathroom, the CDC recommends mopping with the bleach solution.

Avoid bleach on hardwood and other porous floors because of staining. Instead, use a disinfecting wet mop cloth without bleach.

Cleaning Isn’t Disinfecting

From the you-might-be-surprised files: Disinfecting with bleach isn’t actually cleaning. If you also need to clean your countertops of dirt and grime, do that first with soap and water. Then use the bleach solution or rubbing alcohol to combat the virus.

Killing Microbes on Clothes

Most washing machines today do a bang-up job on dirty clothes with cold water, which is best for energy savings. But, and especially if you have a sick person in your house, the hot-water setting followed by a high-heat dry for about a ½ hour to 45 minutes is best for virus eradication.

Don’t forget about your laundry hamper. Wipe it down like you would other surfaces. You can also use a reusable liner bag, which you can launder with the clothes.

What If I’m Selling My House, and Inviting More Germs In?

How to disinfect your home when it’s for sale? Virtual showings and tours are the ideal, and your agent can set those up.

However, if there’s a need to have someone come in, talk to your agent who will work with you to establish a hygienic protocol, including requiring visitors to wash hands with soap and water or use hand sanitizer when they arrive, and to remove shoes or wear booties before entering. Removing shoes not only reduces dirt coming in, but potentially germs.

In addition, many agents are eliminating open houses.

After any showings, practice your surface wipe-down routine.

Finally, when you work with disinfectants, practice some self care. “Alcohol and bleach can be very aggressive on your skin, so wearing rubber gloves can help protect your hands,” Hartman says.

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

Mid April 2020 Palos Verdes Home Sales

Mid April 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 23 days of April 2020 are 32 homes which is a decrease from the 36 Palos Verdes homes sold in the first 23 days of March and a decrease from the first 23 days of April 2019 (34).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from April 1st to April 23rd is $1,930,673 which is a decrease from last month’s average of $2,042,636 for this same time period and a decrease from $2,042,990 last April.

In April 2020 to date, the highest priced Palos Verdes homes sold for $3,500,000 and is located in the Lunada Bay neighborhood of Palos Verdes Estates and had 4 bedrooms, 5 baths, and 3,495 square feet on a 8,640 square foot lot.  This beautiful newly constructed home features a luxurious chef’s kitchen, fabulous master suite, vaulted ceilings, elevator, wine cellar, outdoor kitchen, and resort-like pool & spa.  The lowest priced Palos Verdes homes sold April 2020 to date for $1,125,000 and is located in the Palos Verdes Drive North neighborhood of Rolling Hills Estates and features 3 bedrooms, 2 baths and 1,661 square feet on a 23,034 square foot lot.

We currently have 143 active single family Palos Verdes homes for sale priced between $1,130,000 in the Peninsula Center neighborhood to $18,999,000 in the City of Rolling Hills.  To view Palos Verdes real estate statistics from January 2019 through March 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid March 2020 Palos Verdes Home Sales click here.

Photo of Palos Verdes mustard fields courtesy of Arvin Design

Palos Verdes Real Estate Sales March 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales March 2020 For Palos Verdes Homes

Palos Verdes real estate sales March 2020 for Palos Verdes homes increased compared to February.  47 Palos Verdes houses sold in March compared to the 37 homes sold in February and decreased compared to the 57 homes that sold in March 2019.  There were 67 Palos Verdes single family homes pending in March which increased from the 56 homes pending in February.  The number of active Palos Verdes homes for sale in March (140) was exactly the same as the 140 homes for sale in February.

Average sales price for Palos Verdes homes sold in March increased to $1,994,000 compared to $1,755,000 in February, and decreased from the $1,718,000 in March 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in March increased to $664 from February ($633).  Average days on market in March was 51 days which was exactly the same as 51 days in February.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 3 months in March for Palos Verdes homes for sale compared to 3.8 months in February. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 141 single family Palos Verdes homes for sale.  59 Palos Verdes houses are in escrow (29 homes have pending sales and 30 homes are active under contract).  Additionally, 18 homes have sold/closed escrow in the first 10 days of April with an average sales price of $1,921,919.

To read February’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Mid March 2020 Palos Verdes Home Sales

Mid March 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 20 days of March 2020 are 34 homes which is an increase from the 22 Palos Verdes homes sold in the first 20 days of February and a decrease from the first 20 days of March 2019 (39).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from March 1st to March 20th is $2,001,614 which is an increase from last month’s average of $1,741,434 for this same time period and an increase from $1,796,001 last March.

In March 2020 to date, the highest priced Palos Verdes homes sold for $6,700,000 and is located in the Palos Verdes Drive South  neighborhood of Rancho Palos Verdes and had 6 bedrooms, 7 baths, and 7,617 square feet on a 27,987 square foot lot.  This gorgeous remodeled ocean front bluff property features expansive ocean & Catalina views, fabulous top of the line kitchen, beautiful master suite w/fireplace, elevator, sport court, pool and cabana.  The lowest priced Palos Verdes homes sold March 2020 to date for $1,130,000 and is located in the Palos Verdes Drive East neighborhood of Rancho Palos Verdes and features 3 bedrooms, 3 baths and 2,132 square feet on a 13,980 square foot lot.

We currently have 144 active single family Palos Verdes homes for sale priced between $1,140,000 in the Peninsula Center neighborhood to $27,500,000 in the Lunada Bay neighborhood.  To view Palos Verdes real estate statistics from December 2018 through February 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid February 2020 Palos Verdes Home Sales click here.

Palos Verdes Coast Near Lunada Bay courtesy of Arvin Design

Palos Verdes Real Estate Sales February 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales February 2020 For Palos Verdes Homes

Palos Verdes real estate sales February 2020 for Palos Verdes homes decreased compared to January.  37 Palos Verdes houses sold in February compared to the 40 homes sold in January and decreased slightly compared to the 38 homes that sold in February 2019.  There were 66 Palos Verdes single family homes pending in February which increased from the 43 homes pending in January.  The number of active Palos Verdes homes for sale in February (140) decreased slightly from the 141 homes for sale in January.

Average sales price for Palos Verdes homes sold in February increased to $1,755,000 compared to $1,723,000 in January, and decreased from the $2,014,000 in February 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in February increased to $633 from January ($607).  Average days on market in February decreased to 51 days from 61 days in January.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 3.8 months in February for Palos Verdes homes for sale compared to 3.5 months in January. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 139 single family Palos Verdes homes for sale.  100 Palos Verdes houses are in escrow (45 homes have pending sales and 55 homes are active under contract).  Additionally, 23 homes have sold/closed escrow in the first 12 days of March.

To read January’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.

Palos Verdes Home Improvements Cost vs Value 2020

Palos Verdes Home Improvements Cost vs Value 2020

Photo of Palos Verdes homes courtesy of Arvin Design

Palos Verdes homes owners often ask me what they can do to get the highest sales price for their home.  In addition to a realistic listing price, it is important to remove the clutter and stage your home along with possible home improvements.  Which home improvements and remodeling projects give the greatest return on investment?  For owners of Palos Verdes homes (and Los Angeles County) this year’s Remodeling Magazine’s “Remodeling 2020 Cost vs. Value Report” (www.costvsvalue.com) © 2020 Hanley Wood Media Inc. is a blend of upscale and midrange projects.  For 2020 in Los Angeles County, the remodeling projects with the highest return on investment are Manufactured Stone Veneer at a 120.2% return followed by Garage Door Replacement at a 106.6% return, Minor Kitchen Remodel (midrange) at a 95.1% return, and Entry Door Replacement (steel) at a 91.2% return.  As you can see, curb appeal is important to buyers who are getting the first impression of your home.

There were four Upscale Projects listed for Los Angeles County: Bathroom Addition at 72%, Bathroom Remodel at 71.9%, Master Suite Addition at 66.6%, and Major Kitchen Remodel at 61.9%.

Owners of Palos Verdes real estate remodel for different reasons, like the need for more space, to improve the functionality of specific rooms and to update them.  Kitchen and bathrooms are usually the most expensive remodel as plumbing and/or appliances may need to be moved and/or replaced.  There is no specific report for Palos Verdes homes but there is a Remodeling 2020 Cost vs Value Report (www.costvsvalue.com) for Los Angeles County.  When you go to the main site, choose Pacific region and then Los Angeles or click the following link: (www.costvsvalue.com).  You will be prompted to register before gaining access to the report.  The beginning of the Report has descriptions of individual projects (both mid-range and upscale) and you can then compare to your own.

Remodeling just for resale rarely nets you a dollar for dollar return.  Most remodels are done for the enjoyment of the homeowner (who still wants to maximize their return when they do sell).  My experience is that most buyers are looking for newer kitchens, bathrooms, master suites and nice yards.  Curb appeal is very important because it is the buyer’s first impression of the home.

To read my prior article on Cost vs Value 2019, click here.

Photo of Palos Verdes Homes & Coastline courtesy of Arvin Design

Mid February 2020 Palos Verdes Home Sales

Mid February 2020 Palos Verdes Home Sales

Palos Verdes real estate single family home sales in the first 21 days of February 2020 are 26 homes which is an increase from the 25 Palos Verdes homes sold in the first 21 days of January and an increase from the first 21 days of February 2019 (24).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from February 1st to February 21st is $1,803,848 which is an increase from last month’s average of $1,779,222 for this same time period and an increase from $1,546,547 last February.

In February 2020 to date, the highest priced Palos Verdes homes sold for $6,484,799 and is located in the Palos Verdes Drive South  neighborhood of Rancho Palos Verdes and had 6 bedrooms, 7 baths, and 8,061 square feet on a 31,407 square foot lot.  This beautifully renovated ocean front bluff property features unobstructed panoramic ocean & Catalina views, top of the line gourmet kitchen w/2 center islands, enormous master suite w/sitting area, library/office, re-imagined pool, and huge park-like backyard.  The lowest priced Palos Verdes homes sold February 2020 to date for $1,200,000 and is located in the Silver Spur neighborhood of Rancho Palos Verdes and features 3 bedrooms, 3 baths and 1,390 square feet on a 9,513 square foot lot.

We currently have 145 active single family Palos Verdes homes for sale priced between $1,045,000 in the Los Verdes neighborhood to $27,500,000 in the Lunada Bay neighborhood.  To view Palos Verdes real estate statistics from November 2018 through January 2020, click here or on the “Statistics” tab above.

To read my prior article on Mid January 2020 Palos Verdes Home Sales click here.

Above photo of Valmonte Trail courtesy of Arvin Design

Palos Verdes Real Estate Sales January 2020 For Palos Verdes Homes

Palos Verdes Real Estate Sales January 2020 For Palos Verdes Homes

Palos Verdes real estate sales January 2020 for Palos Verdes homes decreased compared to December.  40 Palos Verdes houses sold in January compared to the 56 homes sold in December and increased compared to the 18 homes that sold in January 2019.  There were 47 Palos Verdes single family homes pending in January which increased from the 36 homes pending in December.  The number of active Palos Verdes homes for sale in January (141) increased from the 129 homes for sale in December.

Average sales price for Palos Verdes homes sold in January increased to $1,723,000 compared to $1,686,000 in December, and decreased from the $3,037,000 in January 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in January decreased to $607 from December ($627).  Average days on market in January decreased to 61 days from 64 days in December.  Months of inventory (months it would take to sell existing inventory at the current rate of sale) increased to 3.5 months in January for Palos Verdes homes for sale compared to 2.3 months in December. A “normal” market is considered 6 months of inventory and Palos Verdes real estate “months of inventory” is lower indicating the continuing demand for Palos Verdes homes.  Entire charts can be accessed by clicking here or on the “Statistics” tab above.

Currently, there are 144 single family Palos Verdes homes for sale.  62 Palos Verdes houses are in escrow (25 homes have pending sales and 37 homes are active under contract).  Additionally, 14 homes have sold/closed escrow in the first 7 days of January.

To read December’s report on Palos Verdes Real Estate sales, click here.

Chart courtesy of Trendgraphix, Inc.