Mortgage rates are down for a 30-year fixed compared to last month for the Palos Verdes real estate market. These rates are as of April 3, 2009. Also of note, the California Association of Realtors announced "a new program designed to provide peace of mind to first-time buyers who are hesitant to enter he housing market due to concerns about potential job loss, and subsequently being unable to...
Yesterday, there were 25 homes on the Palos Verdes real estate Broker's Tour. We currently have 302 active single family homes for sale in Palos Verdes ranging in price from $800,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 49 townhomes/condos for sale priced between $229,500 and $925,000. My favorites were: Alexa and Kurt Hoyt's 36...
"Hope Stirs in Housing Market" was the headline in the LA Times front page on Wednesday. Peter Hong's positive piece states "Home prices in Southern California held steady in February for the first time in nearly a year, figures released Tuesday show, as low prices brought buyers back into the market." On top of that home construction rose nationwide. Sales of Palos Verdes real estate confirm...
Today, there were 19 homes on the Palos Verdes real estate Broker's Tour. We currently have 288 active single family homes for sale in Palos Verdes ranging in price from $800,000 in Rolling Hills Estates to $18,900,000 in Rollings Hills (the low in Eastview is $585,000). There are 47 townhomes/condos for sale priced between $229,500 and $829,000. My favorites were: Sean and Jon Rodriguez's 10...
March 14, 2009 We have had good news this week with the stock market up. Mortgage interest rates for the Palos Verdes real estate market are up slightly for a jumbo 30-year fixed loan at 6.5% versus 6.25% one month ago. As a comparison, last July the 30-year fixed jumbo was 7.75%. 6.5% is a great rate when one looks at the historical data. Conforming loans (up to...
Statistics for single family homes for the month of February for Palos Verdes Real Estate are now available. February 2009 had less sold/closed escrows and less pending sales than January 2009 and had increased inventory of active listings/homes for sale. Additionally, February 2009 had half the number of sold/closed escrows and 70% less pending sales when compared to February 2008. For the month...
"Work on the Trader Joe's store at the Golden Cove Center, approved by the Planning Commission in December 2008, is moving forward." according to an article in the Peninsula News. This is great news for owners of Palos Verdes real estate. After a couple of false starts, Palos Verdes is finally getting their own Trader Joe's. Demolition of the old Golden Lotus Restuarant is to start the beginning...
Yesterday, there were 32 homes on the Palos Verdes real estate Broker's Tour. I was able to see ten of the homes in the allotted 2 hour time period. We currently have 287 active single family homes for sale in Palos Verdes ranging in price from $827,900 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $585,000). There are 45 townhomes/condos for sale priced between $229,500...
I had another tour of Terranea Resort and it is really taking shape. Palos Verdes Peninsula's first hotel/resort (and Los Angeles County's only resort on the water) is scheduled to open June 1, 2009. Terranea is already booking events and taking hotel reservations at $400 to $5500 per night. $5,500 is for the Presidential Suite with its fabulous ocean views and 1,800 square feet of luxury...
It is Cherry Blossom Time again at South Coast Botanic Garden on the Palos Verdes Peninsula. This is the closest location for us to see the beauty and color of these trees. And when the petals fall in the breeze, it is like a silent rain. I often forget what a special place the Garden is. One can roam around for hours enjoying beauty and nature. It is a gift to our soul. South Coast Botanic...