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...
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...
Yesterday, there were only 13 homes on the Palos Verdes real estateBroker's Tour. It must be because of all the rain we have been having. We currently have 261 active single family homes for sale in Palos Verdes ranging in price from $799,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $585,000). There are 49 townhomes/condos for sale priced between $229,500 and...
There were a couple of positive changes for the Palos Verdes real estate market that will be enacted with the approval of the Stimulus Package. The conforming loan limit will be increased to $729,750 for 2009 for our local market. That means you can borrow up to $729,750 at the conforming jumbo rate. Lenders have told me for amounts higher than $729,750, clients have been obtaining a second mortgage...
Yesterday, there were 31 homes on the Palos Verdes real estate Broker's Tour. We currently have 249 active single family homes for sale in Palos Verdes ranging in price from $775,000 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 $339,000 and $885,000. My favorites were: Van Barbieri's 6580 Sea...
This has been a very hopeful week for the country with the Inauguration and the new administration in the White House. We did have some negative news regarding Bank of America's fourth quarter results but mortgage rates have been holding steady. 4.75% interest for a 30-year fixed conforming loan is a great rate. 6.250% for a 30-year fixed jumbo loan is almost a full point lower than my last...
Yesterday, there were 28 homes on the Palos Verdes real estate Broker's Tour. I saw 15 properties which was quite a feat as they were spread out in four different cities. We currently have 254 active single family homes for sale in Palos Verdes ranging in price from $729,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $585,000). There are 53 townhomes/condos for sale...