In the last six weeks interest rates for Palos Verdes real estate have remained fairly steady. The interest rate for a 30-year fixed mortgage going down 1/4 point to 4.75% for a conforming loan and remaining at 5.785% for a jumbo loan. A 5/1 Year ARM is 3.75% for a conforming loan and 5.125% for jumbo loans. A 5/1 Interest Only conforming loan has a 3.75% interest rate and a jumbo loan has a 5.25%...
There were 23 homes on the September 15, 2009, Palos Verdes real estate Broker's Tour. We currently have 259 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $599,000). There are 49 townhomes/condos for sale priced between $218,000 and $1,500,000. My favorites were: Kirby Larson's...
There were only 15 homes on the September 1, 2009 Palos Verdes real estate Broker's Tour. I think it was a light tour because it was the first day of school for the Palos Verdes School District. We currently have 267 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $615,000). There are 47...
Westfield is one of two Los Angeles County areas located off Palos Verdes Drive North that are designated as "Palos Verdes Peninsula" as their city. This area consists of approximately 300 homes, most of which are equestrian properties. There is a community riding ring (on Eastvale near Palos Verdes Drive North), riding trails and a community tennis court. The properties higher up on the hill...
There were 20 homes on the August 18, 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 $685,000). There are 48 townhomes/condos for sale priced between $250,000 and $1,500,000. My favorites were: Gerard Bisignano's...
It was a fairly quiet week in the financial/mortgage area which is a welcome change from the last several months. Rates are down slightly for all loans. The current interest rate for a 30-year fixed conforming loan is 5% and 5.875% for a jumbo loan. A 5/1 Year ARM is 3.625% for conforming loans and 5.125% for jumbo loans. A 5/1 Interest Only conforming loan has a 3.75% interest rate and a jumbo...
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...
"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...
Mortgage rates have been see-sawing up and down a bit for the Palos Verdes real estate market. A 30-year fixed conforming loan is 4.875% which is a quarter percent higher than 2 months ago and a quarter percent lower than last week. A 5/1 Year ARM is 3.875% and a 5/1 Interest Only loan is 4%. 30-year Fixed Jumbo rates are 6.125% for borrowers with FICO scores over 740 and 30% down. A jumbo 5/1 Year...