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Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Both Palos Verdes high schools will be sponsoring their annual 2019 Booster Club’s fundraisers during the month of March.Palos Verdes High School will be sponsoring their 2019 Booster Club’s CATCH THE WAVE fundraiser on Saturday, March 9, 2019. The theme is “Madri Gras” and will feature an amazing night of food, dancing, silent auction, and live auction.  Get a group of friends and plan an evening of fun on Saturday, March 9, 2019, from 6:00 p.m. to 11:00 p.m. for $150.00 per person.  This year’s event will be held at the Palos Verdes Golf Club located at 3301 Via Campesina, Palos Verdes Estates.For more information about this event or to purchase tickets go to http://pvboosterclub.com.Palos Verdes Peninsula High School will be sponsoring this year’s annual Booster Club BLACK AND GOLD A...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for Monte Malaga neighborhood decreased to 40 single family homes sold compared to 43 in 2017.  Price per square foot for Monte Malaga houses that sold in 2018 increased to $719 compared from $710 in 2017, a 1.2% increase.  Average sales price for Monte Malaga homes sold in 2018 was $2,601,703 compared to $2,854,581 in 2017.  The most expensive home sold for $8,000,000 and the lowest priced home sold for $1,300,000. Currently, Monte Malaga has 11 active Palos Verdes homes for sale. There are 11 single family homes ranging in price from $2,250,000 for a 4 bedroom/4 bath, 3,107 square foot home, to $16,990,000 for a 9 bedroom/11 bath, 15,251 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Monte Malaga Multi...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of March 2019, the Palos Verdes Peninsula Land Conservancy is offering outdoor hikes/activities for Palos Verdes home owners to enjoy including bird walks, nature walks with naturalists and volunteer opportunities which are listed below. Special Events:  Nature & Me Storytime at George F Canyon Nature Preserve will take place on Friday, March 1, 2019, at 9:30 a.m. Palos Verdes Library District’s librarian, Marisa Perley, shares books that will open children’s eyes to the natural world.  This is for ages 2 to 5.  Email: mperley@pvld.org if you have any questions. Cactus Wren Monitoring Training at Alta Vicente Reserve, will take place on Saturday, March 2, 2019, from 9:30 a.m. to 11:00 a.m. to assist in monitoring this charismatic and rare species for the annual program ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the February 12, 2019, Palos Verdes real estate Broker’s Tour (31 homes had open houses today) are described below.  We currently have 164 single family Palos Verdes homes for sale ranging in price from $998,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $16,990,000 in the city of Palos Verdes Estates.  There are 31 Palos Verdes condos/townhomes for sale priced between $400,000 and $1,995,000.  My favorite Palos Verdes homes today are:       Lily Liang’s (Strand Hill Chjristie’s Int’l) 50 Saddleback Road, Rolling Hills, 90274 (above left) is a 5 bedroom, 5 bath, 4,397 square foot home for $3,599,000.  This recently remodeled Rolling Hills home features panoramic coastline/city/mountain views, open kitchen w/center island, spacious famil...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners have an opportunity for some outdoor fun while enjoying a run/walk for a good cause.  Family Charity Pi Run/Walk will take place on Sunday, March 10, 2019, at Ernie Howlett Park from 9:00 a.m. to 11:30 a.m.  This is wonderful event supports Doctors Without Borders and Heifer International, and is coordinated by Chubby Cheeks Charity, a non-profit organization that is involved with international aid. The race will take place on Sunday, March 10, 2019, with registration beginning on site at 8:45 a.m. to 9:15 a.m.  The actual run/walk will begin at 9:30 a.m. and will be a 5K (3.14 miles).  The award  ceremony will take place at 10:20 a.m. and the picnic fun will begin at 10:30 a.m.  It is recommended that you bring your own picnic brunch to enjoy after the race. ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Cherry Blossoms are beginning to bloom and the Cherry Blossom Festival will be coming soon for Palos Verdes homes owners to see these beautiful blossoms at the South Coast Botanic Garden.  As they have a short blooming season, many believe that cherry blossoms symbolize the fleeting beauty of life.  Cherry Blossoms are the symbolic national flower of Japan and are said to be an omen of good fortune and an emblem of love and affection.  This is the closest location for us to see the beauty and color of these trees and this yearly event reminds us that Spring is just around the corner.On Saturday, March 2, 2019, from  11:00 a.m. to 4:00 p.m., bring a picnic or purchase a bento (lunch) box (that will be for sale by Okamoto Kitchen Food Truck) and enjoy the live performances that will t...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales January 2019 for Palos Verdes homes decreased compared to December.  18 Palos Verdes houses sold in January compared to the 43 homes sold in December and decreased compared to the 42 homes that sold in January 2018.  There were 60 Palos Verdes single family homes pending in January which increased from the 26 homes pending in December.  We haven’t seen only 18 sales in a very long time.  I am not sure if it was perceived political uncertainties (government shutdown).  The 60 pending January sales is the highest in more than 6 months and bodes well for closed sales in February.  The number of active Palos Verdes homes for sale in January (147) decreased from the 155 homes for sale in December. Average sales price for Palos Verdes homes sold in January incre...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The South Coast Botanic Garden which is sometimes called “The Jewel of the Peninsula,” has “free admission day” coming up which is a special gift for Palos Verdes homes owners to enjoy.  On the third Tuesday of every month, visitors are allowed to walk these gorgeous gardens to enjoy the blooming trees, shrubs and flowers as they transition from their spring blooms into early summer with plenty of color.  The Botanic Garden has more than 2,500 different species of plants from as far away as Australia, the Mediterranean, and southern Africa.  The garden is located in Sunset’s “Zone 23,” which is considered to be one of the most favored growing areas in the world.  This variety of plant life provides food and shelter to an abundant wildlife and bird population and hundreds of bird species...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the February 5, 2019, Palos Verdes real estate Broker’s Tour (14 homes had open houses today) are described below.  We currently have 157 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $11,900,000 in the city of Palos Verdes Estates.  There are 26 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000.  My favorite Palos Verdes homes today are:        Kathy Siegel’s (Douglas Elliman of California, Inc) 1648 Via Arriba, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 3 bath, 2,865 square foot home for $2,745,000.  This beautifully updated Malaga Cove home features Queen’s necklace/city views, remodeled kitchen, updated bathrooms, and a 18...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
No matter how many times you may have been to the Palos Verdes tide pools, it always is an enjoyable visit.  I love the magic of seeing all the creatures living in the pools.  Palos Verdes homes owners are lucky to be surrounded by such wonderful tide pool areas. On Sunday, February 17, 2019, at 1:00 p.m., the Los Serenos de Point Vicente docents will be offering a free Tide Pool Hike starting at the Abalone Cove Shoreline Park.  This park features two beaches – Abalone Cove and Sacred Cove.  These hikes are a great time to enjoy the outdoors with experts who will be discussing a variety of topics such as Palos Verdes Peninsula history, its geology, plant and animal life, as well as  marine mammals.  As you tour the tide pools and watch the fascinating marine life, you will learn about...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can enroll their children in the Palos Verdes Tennis Club’s Junior Program which is open for workouts year round.  The program not only introduces children from 4 to 17 years of age to the game of tennis, but has many different levels of play for children of all ages.  It is available for members and non members.  This fun and challenging program has six USPTA certified tennis professionals with years of experience training junior players.  The junior program is designed to expose juniors to the whole spectrum of tennis: strokes, footwork, endurance and strategy and is intended to motivate children to play and gain as much experience as possible.  The Club runs small groups on a 6/1 student to pro ratio, to maximize quality.  They also have team tennis on the w...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2018 Palos Verdes homes sales for Lunada Bay/Margate neighborhood increased to 75 single family homes sold compared to 73 in 2017.  Price per square foot for Lunada Bay/Margate houses that sold in 2018 decreased to $714 compared from $733 in 2017, a -2.5% decrease.  Average sales price for Lunada Bay/Margate homes sold in 2018 was $2,099,951 compared to $2,321,332 in 2017.  The most expensive home sold for $6,500,000 and the lowest priced home sold for $1,126,853.Currently, Lunada Bay/Margate has 16 active Palos Verdes homes for sale. There are 16 single family homes ranging in price from $1,899,000 for a 4 bedroom/4 bath, 3,617 square foot home, to $7,250,000 for a 5 bedroom/6 bath, 5,178 square foot home.  There are no condo/townhomes for sale at this time.For background and history o...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Terranea Resort will be celebrating their special Romantic Valentine’s Day Dining.  They are adding specialty menus to please any palate.  Here are just a few of their offerings:   Mar’sel is offering a 5 course prix fix menu ($170) as well as wine parings for ($88).  The special menu will include:  Course l – Scallop w/green grape tabbouleh, crispy faro & red frills mustard; Course 2 – Pink Grapefruit, pink beets, raspberry vinaigrette, avocado & watercress; Course 3 – Lobster Lasagna w/smoked tomato; Course 4 – Duo of Beef w/waguy shortrib, aged ribeye, black truffle red cabbage soubise; Course 5 – Chocolate Lava Cake w/raspberry rose macaroon. Nelson’s will be offering Red Wine Braised Short Rib & Pan Seared Scallops ($42), Pan Roasted Halibut ($38), plus White Chocolate Raspberry C...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the January 29, 2019, Palos Verdes real estate Broker’s Tour (26 homes had open houses today) are described below.  We currently have 151 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $11,900,000 in the city of Palos Verdes Estates.  There are 33 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000.  My favorite Palos Verdes homes today are:      Kathleen Parkes’ (RE/MAX Estate Properties) 15 Rockinghorse Road, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 5 bath, 3,639 square foot home for $1,899,000.  This extensively updated custom Palos Verdes Drive East home features panoramic city views from downtown L.A to Long Beach coastline...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Peninsula Senior Center is once again offering free income tax preparation to Palos Verdes homes owners through the AARP Tax-Aide Program.  These one hour sessions are held on Saturdays from 9:00 a.m. to 3:00 p.m. beginning February 2, 2019, and ending on April 13, 2019.  In order to take advantage of this free program, you must have all your tax documents for 2018 in hand before going in.  You are also required to bring copies of your 2017 Federal and State income tax returns.   It is open to all ages including seniors, but remember that space will be limited and you must bring your tax documents organized and ready to go.As in prior years, they will have tax preparation sessions on a first come, first served basis so plan accordingly and make sure you are available to...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
In my January 17, 2019, article, I discussed the overall sales numbers for single family Palos Verdes homes sold in 2018 with an increase in the median sales price (7.2%), average price per square foot (3.6%), average sales price (5.4%), and a decrease in the number of homes sold  (7.5%).  Inventory of Palos Verdes homes for sale was low again last year and multiple offers were common as buyers sought to purchase Palos Verdes homes.  Below is information on specific Palos Verdes neighborhoods.  The chart above can be enlarged by clicking on it or go to the “Statistics” tab above.Malaga Cove posted the largest gain in average sales price – $2,960,533 for 2018 compared to $2,173,720 in 2017; Rolling Hills was second with an average sales price of $3,817,561 in 2018 compared to $3,181,658 ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 Point Vicente Interpretive Center has started counting whales for the 2018/2019 Whale Watchingseason.  This famous landmark gives Palos Verdes homes owners a local center where they can go and watch these massive mammals off our coastline.   This season officially started December 1, 2018, and according to the Point Vicente Interpretive Center, as of today, there have been 158 gray whales counted going south, 7 whales going north, and 15 calf pairs going southbound.  Most of the whales are traveling south to Baja and the concern in the last several months has been that they are swimming in the large container ship paths.To see these magnificent creatures, there are several different local options to choose from.  Point Vicente Interpretive Center located at 31501 Palos Verdes Drive Sou...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the January 22, 2019, Palos Verdes real estate Broker’s Tour (15 homes had open houses today) are described below.  We currently have 143 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $599,000) to $11,900,000 in the city of Palos Verdes Estates.  There are 35 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000.  My favorite Palos Verdes homes today are:       Mingli Wang’s (Keller Williams Palos Verdes) 2950 Twin Harbors View Drive, Rancho Palos Verdes, 90275 (above left) is a 6 bedroom, 8 bath, 7,669 square foot home for $6,880,000.  This former model home (Estates at Trump National) in Palos Verdes Drive South features ocean views, spacious master suite...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 21 days of January 2019 are 12 homes which is a decrease from the 30 Palos Verdes homes sold in the first 21 days of December and a decrease from first 21 days of January 2018 (26).  (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 January 1st to date is $3,542,579 which is an increase from last month’s average of $1,948,792 for this same time period and an increase from $1,530,782 last January. In January 2019 to date, the highest priced Palos Verdes home sold for $14,100,000 and is located in the Malaga Cove neighborhood and has 5 bedrooms, 6 baths and 8,847 square feet on a 3.25 acre lot.  This majestic Spanish Col...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The 28th Annual AYSO Palos Verdes Spring Select League is now accepting applications for the upcoming season. The Spring Select League plays from February 23-24 through May 11-12, 2019.  This is open for boys and girls in the 10U, 12U, 14U and 16U age groups and is open to PSC, United, EXTRA, Select, All Star and Tournament teams.  Each team will be playing a minimum of 8 games.The Spring League is played at three convenient venues in Palos Verdes: Ladera Linda, Highridge Park, and Malaga Cove School.  Girls will be playing on Saturdays and boys will play on Sundays.  The first games will be held on February 23-24, 2019, with the final games taking place on May 11-12, 2019.  The rosters for these games are: 10U max 12 players, 12U max 14 players, 14U max 18 players,  16U max 22 players....
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