Palos Verdes Peninsula has a total of 67,162 residents as of 2008. The city of Rancho Palos Verdes has the largest population at 42,964. The city of Palos Verdes Estates has 14,046 residents. Rolling Hills Estates has 8,185 residents. Rolling Hills has 1,967 residents. The Palos Verdes Peninsula measures 26.3 square miles. Palos Verdes is the oldest city (incorporated in 1939) and located on...
Prices for Palos Verdes real estate have not been fluctuating as much as other areas. However, when one looks at the average price for single family residences at the end of March 2009 (1,259,000) compared to March 2008 ($1,608,000) there is a 27% decrease but what those numbers do not show is that the number of sales under $1,000,000 are currently the bulk of sales (40 out of total sales of 82...
Yesterday, there were 26 homes on the Palos Verdes real estate Broker's Tour. We currently have 306 active single family homes for sale in Palos Verdes ranging in price from $799,950 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 59 townhomes/condos for sale priced between $224,900 and $1,750,000. My favorites were: Steve Simonettti's 2205...
What is the outlook for Palos Verdes real estate? I attended a forecast meeting presented by Robert A. Kleinhenz, Ph.D., Deputy Chief Economist for the California Association of Realtors. There was good news and "other" news. First the good news. Affordability for California is now at 60%; it was 23% in 2007. Interest rates are at historic lows and probably will remain at these levels through the...
Yesterday, both the Daily Breeze and Los Angeles Times had housing reports. The Daily Breeze headlined with "County home prices look to be stabilizing." Los Angeles County home sales made its third consecutive gain while prices remained stable leading some to believe that the market has "finally hit bottom." The lower end of the market is moving and the upper end is slower. For Palos Verdes real...
There were 29 homes on the Palos Veres real estate Broker's Tour. We currently have 328 active single family homes for sale in Palos Verdes ranging in price from $845,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $529,000). There are 56 townhomes/condos for sale priced between $229,500 and $925,000. My favorites were: My own listing at 3005 Via Rivera,...
Statistics for single family homes for the month of March for Palos Verdes Real Estate are now available. March 2009 had more than twice as many sold/close escrows and slightly more pending sales than February 2009; the sold/pending numbers are down, however, when compared to March 2008. Inventory of active listings/homes for sale rose again for the third consecutive month which is great for buyers....
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...
Carol Quan, Special Assistant, Los Angeles Tax Assessor, spoke at our Palos Verdes real estate Remax office meeting and gave us an update on property tax reassessment. Before June, the Tax Assessor's Office will pro-actively review 400,000 Los Angeles County single family residences, townhomes and condos purchased between July 1, 2003 and June 30, 2008 to ascertain if there has been a decline in...
"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...