This Homebuyer TaxCredit of $6,500 (married couple) is available as of November 6, 2009 for couples with combined adjusted gross incomes that do not exceed $225,000 (for singles a $3,250 credit and adjusted gross income not exceeding $125,000). You must be in contract on a new home by April 30, 2010, and must close escrow by June 30, 2010. The homeowner must have owned the prior residence for...
Statistics for the month of October 2009 for Palos Verdes real estate are now available and they again indicate stability in our market. The Active number of homes for sale in Palos Verdes have continued to decrease to an all time low (in the last 15 months) of 292 homes currently available for sale. 66 homes Sold/closed escrow in October and 76 homes have Pending Sales which is twice as...
There were 18 homes on the November 10, 2009, Palos Verdes real estate Broker's Tour. We currently have 230 active single family homes for sale in Palos ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $625,000). There are 51 townhomes/condos for sale priced between $250,000 and $1,500,000. My favorites were: Laurie Hurley's 7400...
Both the House and Senate have passed the new extended/expanded Homebuyer Tax Credit and it is now awaiting the President's signature. Previously, the first time buyer credit of $8,000 was to expire on November 30, 2009, but it will now be extended to April 30, 2010. The new bill also includes a $6,500 credit to qualified homeowners looking to "move up" by purchasing a replacement home for...
Owners of Palos Verdes real estate have several options to dispose of their household hazardous waste. There is the permanent collection center in San Pedro - S.A.F.E. Collection Center, 1400 N. Gaffey Street which is only open Friday, Saturday and Sunday from 9:00 a.m. to 3:00 p.m. but does not accept electronic waste. Electronic waste (televisions, computers, etc) can be dropped off by...
Earlier this week, I heard the City Managers from all 4 cities on the Palos Verdes Peninsula speak at the Palos Verdes Peninsula Association of Realtors meeting. Here is a synopsis of their update: Joseph Hoefgen, City Manager of Palos Verdes Estates, told us that the PV Dr West stabilization near Bluff Cove begins in a couple of weeks and should be complete in January 2010. The Golf Club...
There were 15 homes on the October 27, 2009 Palos Verdes real estate Broker's Tour. We currently have 244 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $599,900). There are 50 townhome/condos for sale priced between $230,000 and $1,500,000. My favorites were: Rick and Kitty...
The Palos Verdes Unified School District received a AA+/Aa2 credit rating from Standard & Poor's and Moody's Investor Services. This is one of the highest ratings that a California school district can get and there are only 16 public school districts in California that have a AA+ or better. Owners of Palos Verdes real estate should be proud both of the School District, for their...
There were 10 homes on the October 13, 2009, Palos Verdes real estate Broker's Tour. We currently have 247 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $600,000). There are 56 townhome/condos for sale priced between $220,000 and $1,500,000. My favorites were: Pearl Kaperl's...