Palos Verdes Estates, CA Real Estate News

By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Monte Malaga area of Palos Verdes Estates (area 162 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2015:   Properties Sold: 6   Average Sales Price of homes sold during 4th quarter: $3.3 million Properties for Sale as of 12/31/2015: 11 ( Equal to about 5 months inventory based upon the fourth quarters average of 2 sales per month ). There are 3 properties in escrow as of the end of December.      Average List Price at 12/31/2015: $6.9 million Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 805 per sq. ft.         Properties sold at an average of 93% of List Price and were on average on the market for approx. 2 months  For more Palos Verdes real estate market reports see the following link on my websi...
Comments 1
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Malaga Cove area of Palos Verdes Estates (area 163 in map below) had the following real estate activity for single family residences during the 4th Quarter of 2015: Properties Sold: 5   Number of Properties Listed for sale as of 12/31/2015: 5 (less than 3 months inventory based on the average monthly sales of 2 homes during the fourth quarter).      Average List Price at 12/31/2015: $4.5 million   Average Price per Sq. Ft. for Properties Sold during 4th quarter: $655 per sq. ft., however due to the small number of sales, the price per sq. ft. of homes sold fluctuates widely.              Properties sold at an average of 88% of Original List Price.    For more Palos Verdes real estate market reports see the following link on my website: Market Reports    
Comments 1
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Lunada Bay area of Palos Verdes Estates (area 160 in map below) had the following real estate market activity for single family residences during the 4th Quarter of 2015: Properties Sold: 20   Average Sales Price of homes sold during 4th quarter: $2.0 million Properties for Sale as of 12/31/15: 21 (equal to 3 months inventory based upon average monthly sales of 7 homes for the 4th quarter). The number of homes for sale is up approx. 24% from a year ago          Average List Price at 12/31/15: $2.7 million Average Price per Sq. Ft. for Properties Sold during 4th quarter: $ 657 per sq. ft. ( approx. the same as the comparable period last year )       Properties sold at an average of 95% of List Price and took an average of 3 months to sell during the 4th Quarter.    Lunada Bay Founta...
Comments 1
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Palos Verdes Estates real estate market continues to be relatively strong. The number of homes listed for sale at the end of December of 44 is a 2% increase over this time last year. The average number of homes sold per month during the fourth quarter 2015 increased 5% compared to last year's fourth quarter, averaging 13 sales per month. This equates to about about 3 months of inventory. The number of homes in escrow at the end of December is only 7 homes, however.             The average price per square foot over the last 3 months has been $689 per sq. ft., a decrease of approx. 3% over the comparable period last year.    The average days on market for homes sold during the 4th quarter 2015 was about 2-3 months. The percentage of original list price for homes sold is approx. 94%....
Comments 1
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Josh and I attended the Palos Verdes Board of Realtors' breakfast meeting this morning.  The breakfast was okay, but the speaker, the chief economist for California Association of Realtors,  was excellent.I covered most of the information she shared in my end of the year video message, but some interesting points were:  The 2016 California housing market is projected to be more robust than 2015--good, but not great due to limited inventory and a gradual increase in interest rates. Mortgage rates are projected to stay relatively attractive with only small and slow increases in 2016.  Average rate is projected to be 4.5%. Affordability continues to be an issue--only 24% of L.A. residents can afford the average home. The "new normal" is only three to four months of housing inventory in man...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
I was recently awarded the top producer award for my company Remax Estate Properties for the Malaga Cove offfice in Palos Verdes Estates for the month of November 2015. 
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Neighborhood Church will celebrate the holiday season with itsNeighborhood Christmas Boutique on Friday and Saturday, December 4 & 5, 2015, from 10:00 a.m. to 3:00 p.m.  The church choir will be singing Christmas music and the Covenant Handbell Choir will be performing as you stroll through the festive holiday boutique.  There will be a Bake Shop with homemade goodies, a Yule Shop with hand crafted items and a Vintage Shop which contains treasures from furniture to glass items that have been discovered in local attics and always contains some fabulous “finds.”  Afterwards, take a minute and enjoy refreshments and homemade treats while you gaze at the breathtaking ocean views.  There will be a $5 donation at the door to be given to local non-profit organizations and to The Children’s...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Happy Holidays!  Yes, it's already December and here is what's happening in the Palos Verdes, California luxury home market ($3,000,000+) as 2015 draws to a close.Given the current rate of absorption compared to the number of homes sold the current Palos Verdes luxury home market it strongly tilted in favor of buyers.  If you're considering selling your luxury home now you will need expert advice on how to make your property stand out from the crowded marketplace and show at its absolute best.  We can help you achieve this goal and I'd to discuss our marketing methods with you.  If you have questions give us a call at 310.493.8333Four Palos Verdes luxury homes priced at or above $3,000,000 sold during the month of November.  Two of those sales occurred in Rancho Palos Verdes, one in Rol...
Comments 2
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
  Parade Information Boater Information Paddlecraft Information Decorating Tips Register Here
Comments 1
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
There are 57 homes listed for sale in the City of Palos Verdes Estates at the end of October, which is 5% less than this time a year ago. The number of homes sold over the last 3 months, averaging 14 sales per month, is down 17% compared to the same period last year . This equates to 4 months of inventory, based on the average sales per month over the last 3 months, historically very low. There are only 9 homes in escrow at the end of October.         The following is a list of the 14 homes sold in the City of Palos Verdes Estates during the month of October 2015:     The average price per square foot over the last 3 months has been $730 per sq. ft. a 4% decrease over the similar period last year.   The average days on market for homes sold during last 3 months was about 1 to 2 months. ...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
If the time is right to sell your Palos Verdes luxury homes, this information regarding recent listings and sales in the local luxury residential real estate market will provide valuable information. Market knowledge is one of the most important things a prospective seller must have in order to select the right price,  the appropriate agent and prepare the property to sell for its highest and best price.Palos Verdes Luxury Home Listings and Sales:Seven Palos Verdes luxury homes priced at or over $3,000,000 sold during October 2015.  The highest price paid for a PV home during the month was $7,450,000 for a home on Via Rincon in Palos Verdes Estates.Eight Palos Verdes luxury homes in the three million dollar and up price range are currently in escrow with accepted offers.Forty-seven luxu...
Comments 2
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Although the overall Palos Verdes real estate market continues to enjoy a strong seller market, the luxury home market for those properties priced at or above $3,000,000 is tipped in favor of buyers. Yes, there can be markets within markets in the same community and they can be very different. At the current rate of absorption, the Palos Verdes luxury home market has approximately a six month supply of inventory.   MARKET ALERT: Buyers, this is a "Buy" signal if you are in the market to purchase a Palos Verdes luxury home the market is ready and willing for you to make your move. Palos Verdes Luxury Home Listings and Sales:Seven Palos Verdes luxury homes priced at or over $3,000,000 sold during October 2015.  The highest price paid for a PV home during the month was $7,450,000 for a hom...
Comments 3
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
  The Valmonte area of Palos Verdes Estates ( Area 164 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 13 ( A significant increase over the 7 homes sold during the 3rd Quarter last year)     Average Sales Price of homes sold during 3rd quarter:$ 1.7 million Properties for Sale as of 9/30/2015: 10. Based on average sales per month for the 3rd quarter of 4 home sold, equal to less than 3 months inventory. There is 1 property in escrow as of the end of September.    Average List Price at 9/30/2015: $ 1.7 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 679 per sq. ft.   Properties Sold for an average of 97% or original List Price    For more Palos Verdes real estate market repo...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Malaga Cove area of Palos Verdes Estates (area 163 in map below) had the following real estate activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 8      Malaga Cove Homes Number of Properties Listed for sale as of 9/30/2015: 11 (4 months inventory based on the average monthly sales of 3 homes during the third quarter).      Average List Price at 9/30/2015: $3.8 million   Average Price per Sq. Ft. for Properties Sold during 3rd quarter: $824 per sq. ft., however due to the small number of sales, the price per sq. ft. of homes sold fluctuates widely.              Properties sold at an average of 102% of Original List Price.      For more Palos Verdes real estate market reports see the following link on my website: Market Reports  
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Monte Malaga area of Palos Verdes Estates (area 162 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2015:   Properties Sold: 14 Average Sales Price of homes sold during 3rd quarter: $3.0 million   Properties for Sale as of 9/30/2015: 12 ( Equal to about 2 to 3 months inventory based upon the third quarters average of 5 sales per month ). There are 3 properties in escrow as of the end of September 2015.      Average List Price at 9/30/2015: $6.3 million Average Price per Sq. Ft. for Properties Sold during 3rd Qtr: $ 734 per sq. ft. The price per sq. ft. fluctuates widely on a month to month basis in this market.         Properties sold at an average of 97% of List Price and were on average on the market for approx. 3 ...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Lunada Bay area of Palos Verdes Estates (area 160 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 27   Average Sales Price of homes sold during 3rd quarter: $2.0 million Properties for Sale as of 9/30/15: 24 (equal to 4 months inventory based upon average monthly sales of 6 homes for the 3rd quarter). The number of homes for sale is down approx. 14% from a year ago          Average List Price at 9/30/15: $2.7 million Average Price per Sq. Ft. for Properties Sold during 3rd quarter: $ 694 per sq. ft. ( an approx. 12% increase from the comparable period last year )       Properties sold at an average of 99% of List Price and took an average of 1-2 months to sell during the 3rd Quarter.    Lunada...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
The Palos Verdes Estates real estate market continues to be relatively strong. The number of homes listed for sale at the end of September of 53 is a 12% decrease over this time last year. The average number of homes sold per month during the third quarter 2015 decreased 6% compared to last year's third quarter, averaging 17 sales per month. This equates to about about 3 months of inventory. The number of homes in escrow at the end of September is 12 homes.             The average price per square foot over the last 3 months has been $725 per sq. ft., an increase of approx. 4% over the comparable period last year.    The average days on market for homes sold during the 3rd quarter 2015 was about 1 to 2 months. The percentage of original list price for homes sold is approx. 98%.   The l...
Comments 1
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Valmonte real estate and home sales report for Palos Verdes Estates during October 2015. View more articles on Valmonte, Palos Verdes Estates homes.Valmonte is famous for its tree-lined streets and sense of neighborhood. The location offers easy access to Torrance Beach and all the amenities of the beach cities of Redondo, Hermosa and Manhattan Beach. This Palos Verdes Estates neighborhood is great for walking and biking as the terrain is not as hilly as many Palos Verdes neighborhoods.Homes for sale in Valmonte, Palos Verdes Estates: (More houses for sale in Palos Verdes Estates) - Palos Verdes Top AgentsHomes currently in escrow in Valmonte:Homes that sold in the last year in Valmonte:Palos Verdes Housing Market Indicator - Oct 2015
Comments 2
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Malaga Cove real estate and home sales report for Palos Verdes Estates for October 2015. View more articles on Malaga Cove, Palos Verdes Estates homes.Malaga Cove is wonderful, luxury neighborhood in Palos Verdes Estates. It is one of the most historic areas of Palos Verdes with many buildings dating back to the original development in the 1920's. Homes in Malaga are sought after for the neighborhood character, proximity to the Beach Cities and the amazing views of the Pacific Ocean, the South Bay of Los Angeles and beyond.Homes for sale in Malaga Cove, PVE: (Show all Palos Verdes Estates homes for sale) Palos Verdes REALTOR to help sell my home?Homes currently in escrow in Malaga Cove:Homes that sold in the last year in Malaga Cove:Palos Verdes Housing Market Indicator - Oct 2015
Comments 2