"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...
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...
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...
The Montemalaga neighborhood is located in Palos Verdes Estates. The best thing about this neighborhood is the fabulous ocean and Queen's Necklace views (photo above) that many homes enjoy as this area is the highest elevation (up to 1380 feet) in Palos Verdes Estates. The Montemalaga neighborhood is roughly 1 square mile in area and has no ocean borders. It is located on the hill above Lunada Bay,...
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...
Statistics for single family homes for the month of January for Palos Verdes Real Estate are now available. January 2009 compared to January 2008 has the same number of sold/closed escrows, 1 additional pending escrow, and 46 more active listings/home for sale. Average price per square foot for homes that sold January 2009 is $494 compared to $545 last January. For the month of January, there...
Everyone wants to know how the Palos Verdes real estate market is doing. I am an optimist by nature so I have to check for facts before I give my opinion. Currently we have 32 properties that have sold/closed escrow since the first of the year compared to 23 properties this same time period in 2008. Additionally, there are currently 42 properties in escrow. So the Palos Verdes real estate market...