Statistics for single family homes for the month of July for Palos Verdes real estate are now available and for the second month in a row, the numbers are looking better. As you will note from the graph above, the number of active single family homes for sale in Palos Verdes have fallen from 437 July 2008 to 331 for July 2009. Pending sales climbed to 84 for July 2009 from 69 in June 2009 and way up...
The Seaview neighborhood is located in Rancho Palos Verdes off Palos Verdes Drive South and above Portuguese Bend Beach Club and Trump National Golf Course. Most homes have spectacular ocean views as they are stair-stepped up the hill. This is an intimate neighborhood of about a dozen streets that cover approximately one-half square mile. A steep (100-step) staircase from Dauntless Drive leads...
There were 25 homes on the August 4, 2009, Palos Verdes real estate Broker's Tour. We currently have 280 active single family homes for sale in Palos Verdes ranging in price from $836,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $585,000). There are 50 townhomes/condos for sale priced between $220,000 and $1,500,000. My favorites were: Marion Sullivan's...
In addition to being a fabulous resort that you can visit for a walk on the ocean's edge, enjoy a meal or have an extended stay in one of their beautiful rooms -- you can also purchase one of Terrenea Resort's exclusive villas or casitas. There are currently 9 properties for sale at Terrenea. The Casitas are 3 bedrooms, 3 baths, 2,040 square feet and range in price from $1,995,000 to $2,750,000. The 3...
"The typical monthly mortgage payment for Southern California buyers last month was $1,193, up from $1,052 in May. Adjusted for inflation, current payments are 46% below typical payments in the spring of 1989, the peak of the prior real estate cycle" states the Los Angeles Times on July 16th. I checked and in 1989, the average interest for a 30-year fixed mortgage was 10.32%. That is twice as much...
There were 25 homes on the July 21, 2009, Palos Verdes real estate Broker's Tour. We currently have 295 active single family homes for sale in Palos Verdes ranging in price from $836,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $475,000). There are 50 townhomes/condos for sale priced between $250,000 and $1,500,000. My favorites were: Chris Adlam's 2775...
I have written several articles in the last couple of weeks about the current status of Palos Verdes real estate. We have had better sales numbers in June compared to May. Now Peter Hong of the Los Angeles Times, who is usually ultra conservative, has written an article entitled, "Southern California median home prices surges in June". Could it be that we are finally turning the corner? Hong...
Recently, a client asked me "Exactly when did we start viewing our homes as an investment rather than the place we live with our family?" I didn't have an answer for her. I knew what she meant though. Originally, we purchased a home for shelter and then because we needed more space or wanted our children to go to a particular school or needed to be closer to our job. Now, we have those same needs...
Statistics for single family homes for the month of June for Palos Verdes real estate are now available and as I indicated in my post earlier this week, "Good News for Palos Verdes Real Estate," the numbers are looking better. June 2009 had nearly twice as many closed sales (47) and one additional pending sale compared to May 2009. Months of inventory (months it would take to sell existing...
There were 22 homes on the July 7, 2009, Palos Verdes real estate Broker's Tour. We currently have 293 active single family homes for sale in Palos Verdes ranging in price from $799,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $475,000). There are 51 townhomes/condos for sale priced between $250,000 and $950,000. My favorites were: Jack Cummings' 2501...