Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can join the National Celebration of Parks on Saturday, May 18, 2019, by taking their children to the park.  This special Kids To Parks Day is a reminder of the importance that nature and playing in the great outdoors are for our children.  To celebrate this special day, our local Point Vicente Interpretive Center has planned great activities for families to enjoy. The Point Vicente Interpretive Center will be celebrating their fourth Annual Kids To Parks Day from 10:00 a.m. to 12:00 noon.  This event will take place at the Interpretive Center and will feature: . Mobile Zoo of Southern California . Sea Lab’s touch tanks with starfish and more . Unleash your creative side at the craft booth . Games – including corn-hole and hula-hoops . Explore the information ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 19 days of April 2019 are 24 homes which is a decrease from the 38 Palos Verdes homes sold in the first 19 days of March and a decrease from first 19 days of April 2018 (39).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from April 1st to date is $1,905,410 which is an increase from last month’s average of $1,772,606 for this same time period and an increase from $1,737,6554 last April. In April 2019 to date, the highest priced Palos Verdes home sold for $4,300,000 and is located at Oceanfront Estates in the West Palos Verdes  neighborhood and has 6 bedrooms, 8 baths and 7,841 square feet on a 32,304 square foot lot.  ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for Palos Verdes Drive South increased to 28 single family homes sold compared to 24 in 2017.  Price per square foot for Palos Verdes Drive South houses that sold in 2018 increased to $841 compared from $610 in 2017, a 37.8% increase.  Average sales price for Palos Verdes Drive South homes sold in 2018 was $2,290,554 compared to $1,882,542 in 2017.  The most expensive home sold for $6,399,999 and the lowest priced home sold for $1,050,000. Currently, Palos Verdes Drive South has 15 active Palos Verdes homes for sale.  There are 12 single family homes ranging in price from $1,359,000 for a 3 bedroom/3 bath, 2,447 square foot home, to $6,880,000 for a 6 bedroom/9 bath, 7,669 square foot home.  There are 6 condo/townhomes ranging in price from $640,000 for a ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the April 16, 2019 Palos Verdes real estate Broker’s Tour (33 homes had open houses today) are described below.  We currently have 197 single family Palos Verdes homes for sale ranging in price from $1,049,000 in Rancho Palos Verdes (The low in Eastview is $750,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 28 Palos Verdes condos/townhomes for sale priced between $368,500 and $1,995,000.  My favorite Palos Verdes homes today:       Tuba Ghannadi’s (RE/MAX Estate Properties) 1 Maverick Lane, Rolling Hills 90274 (above left) is a 4 bedroom, 4 bath, 3,081 square foot home for $3,699,800.  This 2.5 acre estate in Rolling Hills features incredible ocean/city/harbor views, open gourmet kitchen, master suite w/gorgeous master bath, enterta...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Terranea Resort is celebrating Earth Day this Saturday, April 20, 2019. They will be hosting family friendly events where attendees will learn to help the environment while having fun doing it. This should be an enjoyable day, for all ages. Educational Green Wall – will take place at Pointe Discovery from 9:00 a.m. to 1:00 p.m. This will include Storybook reading – literature from the public library to encourage a more sustainable alternative to purchasing books. Landfill diversion game – will consists of 3 colored & labelled bins (compost-green, recycling-blue, landfill – black) with laminated cards of different products/items (pictures in front and fun facts on the back). Participants can determine where these products should go by putting them in the appropriate bins. DIY Seed Bomb ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes home owners have the Palos Verdes Performing Arts Norris Theatre with its wonderful selection of entertainment to enjoy locally, here in Palos Verdes.  “Hairspray” is one of the most loved family PG rated musicals.  This fabulous show will be playing at the Norris Theatre beginning April 26, 2019, and will run through May 12, 2019.    This fun musical is about a troubled teen, Tracy Turnblad, and her friends as they negotiate teenage love, dance crazes, and race relations in this quirky fun filled musical exploration of love, family and tolerance.  “Hairspray” has touched audiences worldwide with its sense of humor, warmth, and honesty.  The musical has won 8 Tony’s.  This also a family friendly show and a great opportunity to introduce your kids to a fun night of live ent...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for Mira Catalina decreased to 23 single family homes sold compared to 33 in 2017.  Price per square foot for Mira Catalina houses that sold in 2018 decreased to $593 compared from $599 in 2017, a 0.9% decrease.  Average sales price for Mira Catalina homes sold in 2018 was $1,415,500 compared to $1,519,300 in 2017.  The most expensive home sold for $1,712,500 and the lowest priced home sold for $995,000. Currently, Mira Catalina has 3 active Palos Verdes homes for sale.  There are 3 single family homes ranging in price from $1,399,000 for a 4 bedroom/3 bath, 2,184 square foot home, to $1,995,000 for a 4 bedroom/5 bath, 4,292 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Mira Catalina Multiple Listing Ar...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 The beautiful Terranea Resort will be offering Palos Verdes homes owners an opportunity to experience wonderful restaurants and exquisite views when joining them for their Easter Brunchon Sunday, April 21, 2019.Terranea Resort offers a variety of food choices at their many restaurants.  The Easter Ballroom Brunch will take place in the Palos Verdes Grand Ballroom and will have nine stations serving everything from omelets and freshly made challah French toast to a build your own chilaquiles station, pasta/risotto bar and Asian kitchen.  There will also be a separate kid’s buffet and desert bar and a Easter Sunday toast for those ages 21+.  The seating times are 9:30 a.m., 10:00 a.m., 2:00 p.m. and 2:30 p.m.  The cost for brunch is: adults $95, children 5-10 are $49, and children under ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of homes listed for sale on the Palos Verdes Peninsula of 179 homes is 18% higher than last year and the number of homes sold during the last three months is 21% lower compared to the prior year, resulting in unsold inventory of 5 months supply. Prices per square foot are up approx. 11% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. The market has also been very active with houses taking about 2 months to sell.The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of March of 179 properties is 18% higher than at the same time last year, and the average number of homes sold per month of 38 over the last 3 months is 21% lower than the comparable period last year....
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners know that spring has arrived when the Malaga Cove Art Shows are back for their new 2019 season.  You can meet with local artists and art collectors one weekend a month from 10:00 a.m. to 5:00 p.m. in a family friendly outdoor environment.  The first show will be on Saturday & Sunday, April 13 & 14, 2019, and will continue on May 18 & 19, June 15 & 16, July 20 & 21, August 17 & 18, and September 21 & 22, 2019. The Palos Verdes Art Center invites the community to meet with over 30 talented local artists from seven different art groups affiliated with the Center.  These groups are Artists Open Group, Pacific Arts Group, Paletteers, Palos Verdes Painters, Peninsula Artists, Photographic and Digital Artists, and The Third Dimension.  These artists will be exhibitin...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of condos and townhomes listed for sale on the Palos Verdes Peninsula at the end of March is 30% higher than at this time last year and the number of homes sold during the last three months is up 20% compared to the prior year, resulting in unsold inventory of 2 months supply. Prices of $460 per square foot are down approx. 3% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. Condos and townhomes taking only approx. 1 month to sell.The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 26 units at the end of March is 30% higher that at the same time a year ago. The average number of sales per month over the last 3 months of 12 units per month up approx. 20% compared to a year ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for Palos Verdes Drive East decreased to 56 single family homes sold compared to 62 in 2017.  Price per square foot for Palos Verdes Drive East houses that sold in 2018 increased to $536 compared from $530 in 2017, a 1.1% increase.  Average sales price for Palos Verdes Drive East homes sold in 2018 was $1,529,295 compared to $1,526,769 in 2017.  The most expensive home sold for $2,800,000 and the lowest priced home sold for $992,500. Currently, Palos Verdes Drive East has 21 active Palos Verdes homes for sale.  There are 21 single family homes ranging in price from $989,000 for a 3 bedroom/2 bath, 1,992 square foot home, to $4,100,000 for a 3 bedroom/4 bath, 5,185 square foot home.  There are no condo/townhomes for sale in this area. For background and hist...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners have a wonderful opportunity to celebrate Earth Day at several different locations here on the Peninsula.The Cities of Rolling Hills Estates, Rolling Hills and Rancho Palos Verdes, in partnership with Waste Management, South Bay Environmental Services Center and Promenade on the Peninsula, are hosting an Earth Day Celebration on Wednesday, April 17, 2019, from 3:00 p.m. to 6:00 p.m. at thePromenade on the Peninsula near the fountain area.  This is an enjoyable family event with colorful themed educational activities and giveaways for all.  This event will also be highlighting great environmental initiatives around the community as well as opportunities to learn more about water conservation, storm water pollution prevention and energy efficiency.  There will be...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners often ask me what they can do to get the highest sales price for their home.  In addition to a realistic listing price, it is important to remove the clutter and stage your home along with possible home improvements.  Which home improvements and remodeling projects give the greatest return on investment?  For owners of Palos Verdes homes (and Los Angeles County) this year’s Remodeling Magazine’s “Remodeling 2019 Cost vs Value Report” (www.costvsvalue.com) © 2019 Hanley Wood Media Inc. is a blend of upscale and midrange projects.  For 2019, the remodeling project with the highest return on investment is Manufactured Stone Veneer at a 130.1% return followed by Garage Door Replacement at a 123.8% return, and Grand Entrance (fiberglass) at a 108.1% return.  As you...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners who are looking for some fun ideas for their kids birthday parties have several choices on and around the Peninsula.  Whether you want to put on a party yourself at one of the local parks or want to take the party to another venue, there are numerous choices.  Here are just a few: Palos Verdes Promenade Ice Chalet party pack has been popular since the program started.  This wonderful package can be made specific for boys or girls (or both).  The package offers different selections such as ice skating, broom ball, or hockey. Booking a party at The Ice Chalet is a great way to keep your dollars local, while at the same time giving your child a fun adventure.  Packages range from $275 to $500.  To find out more information about Ice Chalet party information, clic...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The City of Rancho Palos Verdes will be sponsoring the Egg Hunt Eggstravaganza at Ladera Linda Community Center.   At this popular event, children from 1 to 8 years of age can join Mr. Rabbit and find Easter eggs to fill their basket.  This event will be held on Saturday, April 20, 2019, from 10:00 a.m. to 11:30 a.m.   The fee is $15 per child and there will be a limited number of participants.  Online registration is taking place right now, and remember this event does fill up so make sure you register ahead of time by going to apm.activecommunities.com/rpv or call (310) 544-5260 and get your name on the list.  The deadline for signups is Monday, April 15, 2019, however, it most likely will be full by then.  Remember to bring your Easter basket, and of course your camera because there...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for the City of Rolling Hills increased to 24 single family homes sold compared to 19 in 2017.  Price per square foot for Rolling Hills houses that sold in 2018 decreased to $727 compared from $801 in 2017, a 9.1% decrease.  Average sales price for Rolling Hills homes sold in 2018 was $3,817,561 compared to $3,181,658 in 2017.  The most expensive home sold for $22,400,000 and the lowest priced home sold for $1,650,000. Currently, Rolling Hills has 16 active Palos Verdes homes for sale.  There are 16 single family homes ranging in price from $1,795,000 for a 3 bedroom/3 bath, 2,257 square foot home, to $9,250,000 for a 5 bedroom/8 bath, 8,250 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Rolling Hills M...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can enjoy a weekend at the South Coast Botanical Garden with an Art Festival & Cactus & Succulent Show sale all happening on Saturday, April 6, and Sunday, April 7, 2019, from 9:00 a.m. to 4:00 p.m.The Garden will be partnering with the Artists’ Studio of Palos Verdes to provide an Art Walk for guests of all ages to enjoy.  The event will feature artist demonstrations, displays of professional work, and works available for purchase.  On Sunday, you will be able to enjoy the Garden Volunteer and Kids Club Art Exhibition which will showcase the work of Garden Volunteers and the Kids Club participants.  Food and art will be available for purchase at this drop-in-style event.  Also, on Sunday, April 7, 2019, Gum Tree, the winner of the Easy Readers poll (Best Gift ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 18 days of March 2019 are 32 homes which is an increase from the 19 Palos Verdes homes sold in the first 18 days of February and an increase from first 18 days of March 2018 (22).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from March 1st to date is $1,729,814 which is an increase from last month’s average of $1,512,743 for this same time period and an increase from $1,629,804 last March. In March 2019 to date, the highest priced Palos Verdes home sold for $4,185,335 and is located at the Residences of Rolling Hills Country Club in the Palos Verdes Drive North neighborhood and has 4 bedrooms, 5 baths and 4,740 square...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes Estates Annual Bulky Trash Pick Up is approaching and this year it has been expanded to provide E-Waste pick up at the same time.  This popular curbside event is scheduled for Saturday, April 27, 2019.  Palos Verdes homes owners can have large items removed from their property if left curbside for pickup twice a year; the next event will be scheduled in the third quarter.  The City’s waste hauler will pick up furniture, appliances, water heaters, refrigerators (compressors removed), stoves, sinks, lawn furniture and more.  They will not pick up construction waste, green waste, automotive fluids, pool chemicals and cleaning products.  However, you may contact Athens Service directly if you have construction waste that you need to have removed at any time by ordering a tempor...
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