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Palos Verdes Peninsula, CA Real Estate News

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 September is the same as at this time last year but the number of homes sold during the last three months is down 19% compared to the prior year, but still resulting in unsold inventory of 2 months supply. Prices of $469 per square foot are down approx. 6% 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 condos and townhomes taking only approx. 1 month to sell.The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 28 units at the end of September is the same as compared to this time a year ago. The average number of sales per month over the last 3 mont...
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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 226 homes is 20% higher than last year and the number of homes sold during the last three months is 19% lower compared to the prior year, resulting in unsold inventory of 4 months supply. Prices per square foot are up approx. 5% 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 1 to  2 months to sell.The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of September of 226 properties is 20% higher than at the same time last year, and the average number of homes sold per month of 56 over the last 3 months is 19% lower than the comparable period last ye...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Palos Verdes Drive East neighborhood for the first half of 2018 increased to 35 single family homes sold in 2018 compared to 32 in 2017.  Price per square foot for Palos Verdes Drive East houses that sold in the first half of 2018 increased to $537 from $527 in 2017, a 1.9% increase.  Average sales price for Palos Verdes Drive East homes sold in the first half of 2018 increased to $1,530,857 in 2018 compared to $1,459,506 in 2017.  The most expensive Palos Verdes home sale in the Palos Verdes Drive East neighborhood was $2,099,000 and the lowest priced Palos Verdes home sale in the Palos Verdes Drive East neighborhood was $1,025,000.Currently, the Palos Verdes Drive East neighborhood has 31 Palos Verdes homes for sale.  There are 31 single family homes fo...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
On Saturday, October 20, 2018, at 10:00 a.m., Los Serenos de Point Vicente will be taking hikers on a docent led tour through the switchback trails of Trump National Golf Course down to the beach.  This moderate Ocean Trails Nature Hike (Sunrise/Sunset Trails) is a great opportunity for Palos Verdes homes owners to learn more about the local geology and see the Fall blooms while walking through the mature coastal sage scrub.  You will be able to enjoy the ocean views along the bluffs while you walk down to the rocky beach.  After the hike, you will return to Founders Park (where you can stay and watch the sunset from the park).  This is truly a relaxing place to visit with its breathtaking views and over 5 acres to enjoy.For more information, visit Los Serenos de Point Vicente site at h...
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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 children’s birthday parties have several local choices for both boys and girls.  Palos Verdes Promenade Ice Chalet party pack has been popular since the program began.  This wonderful package can be made specific for boys or girls (or both), and youth to teen parties.  The package offers different selections such as ice skating, broom ball, hockey and now ICEBYKS (ice cycling new sport and game) and Bobby Polo. Booking a party at The Ice Chalet is a great way to keep your dollars local, while at the same timing giving your child a fun adventure.  Packages range from $275 to $500.  To find out more information about the Ice Chalet party information, click here.  The Promenade Ice Chalet is located at 550 Deep Valley ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners will enjoy the new 2018-2019 season of the Palos Verdes Performing Arts series.  This is the 37th year that the Palos Verdes Performing Arts Conservatory (formerly Norris Theatre, Harlyne J. Norris Pavilion, Norris Education Department) is presenting their season of mixed performances.  They will be featuring top name entertainment with musicians, theater entertainers and our own local talent.  Below are just a few of the special performances in the 2018-2019 series:Michael Feinstein, dubbed “The Ambassador of the Great American Songbook” will open the season at the Norris Theatre on Saturday, September 22, 2018.  This great singer and pianist has built his career over the last three decades bringing the music of the Great American Songbook to the world.  His c...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Rolling Hills neighborhood for the first half of 2018 increased to 12 single family homes sold in 2018 compared to 10 in 2017.  Price per square foot for Rolling Hills houses that sold in the first half of 2018 decreased to $664 from $786 in 2017, a 15.4% decrease.  Average sales price for Rolling Hills homes sold in the first half of 2018 increased to $2,773,456 in 2018 compared to $2,772,750 in 2017.  The most expensive Palos Verdes home sale in the Rolling Hills neighborhood was $5,000,000 and the lowest priced Palos Verdes home sale in the Rolling Hills was $1,650,000.Currently, the Rolling Hills neighborhood has 23 Palos Verdes homes for sale.  There are 23 single family homes for sale ranging in price from $1,750,000 for a 3 bedroom/3 bath, 1,904 sq...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of October 2018, 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, nocturnal full moon walk and volunteer opportunities which are listed below. Special Events:  Third Grade Naturalist Docent Training will take place on Saturday, October 6, 2018, from 9:00 a.m. to 12:00 p.m.  If you are retired, a former teacher or an outdoor enthusiast, this program offers docent volunteers a wonderful way to share with young children their love for the Peninsula’s natural environment and to increase their own knowledge in the process.  No experience is needed.  Docents are provided with training and materials.  This will take place at White Point Nature Preserve lo...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the September 11, 2018, Palos Verdes real estate Broker’s Tour (25 homes had open houses today) are described below.  We currently have 228 single family Palos Verdes homes for sale ranging in price from $985,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $23,888,000 in the city of Palos Verdes Estates.  There are 27 Palos Verdes condos/townhomes for sale priced between $565,000 and $1,795,000.  My favorite Palos Verdes homes today are:       Ken Conant’s (RE/MAX Estate Properties) 2854 Via Victoria, Palos Verdes Estates 90274 (above left) is a 6 bedroom, 8 bath, 7,100 square foot home for $4,900,000. This elegant contemporary Lunada Bay home built in 2015 features ocean/Santa Monica Bay/mountain views, 2 kitchens, media room, pool, spo...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales August 2018 for Palos Verdes homes increased compared to July.  65 Palos Verdes houses sold in August compared to the 63 homes sold in July and increased compared to the 62 homes that sold in August 2017.  There were 66 Palos Verdes single family homes pending in August which increased from the 46 homes pending in July.  The number of active Palos Verdes homes for sale in August (219) decreased from the 226 homes for sale in July. Average sales price for Palos Verdes homes sold in August increased to $1,778,000 from $1,642,000 in July and increased from the $1,693,000 in August 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in August decreased to $648 from July ($666).  Average days on market in August increased to 35 days fro...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
South Coast Botanic Garden will be celebrating their 61st Annual Fall Orchid Show and Sale, which showcases hundreds of blooming orchids from all over the world, on Saturday, September 15, 2018, from 9:00 a.m. to 5:00 p.m. and Sunday, September 16, 2018, from 9:00 a.m. to 4:00 p.m.  This is a great opportunity for Palos Verdes homes owners to meet local commercial orchid growers to learn about companion plants, potting, planting and growing of orchids.  These growers will be offering a variety of unique species and hybrid orchids that do well in our Peninsula gardens.  Not only will these plants be on sale, but expert volunteer members will be teaching the popular Orchids-R-Easy classes with demonstrations throughout the show.  The vendors will each have a display exhibit with an orchid...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the September 4, 2018, Palos Verdes real estate Broker’s Tour (20 homes had open houses today) are described below.  We currently have 218 single family Palos Verdes homes for sale ranging in price from $985,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $23,888,000 in the city of Palos Verdes Estates.  There are 26 Palos Verdes condos/townhomes for sale priced between $589,900 and $1,795,000.  My favorite Palos Verdes homes today are:      Lauren Yoon & Rod Yoon’s (Keller Williams Palos Verdes) 1 San Miguel, Rolling Hills Estates 90274 (above left) is a 5 bedroom, 6 bath, 4,678 square foot home for $3,195,000.  This exquisite Vantage Point estate features peek-a-boo ocean/sunset views, grand formal living, updated gourmet kitchen, expa...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Valmonte neighborhood for the first half of 2018 increased to 27 single family homes sold in 2018 compared to 26 in 2017.  Price per square foot for Valmonte houses that sold in the first half of 2018 increased to $734 from $719 in 2017, a 2.1% increase.  Average sales price for Valmonte homes sold in the first half of 2018 increased to $1,760,206 in 2018 compared to $1,710,451 in 2017.  The most expensive Palos Verdes home sale in the Valmonte neighborhood was $3,225,000 and the lowest priced Palos Verdes home sale in the Valmonte  neighborhood was $1,188,000. Currently, the Valmonte neighborhood has 7 Palos Verdes homes for sale.  There are 7 single family homes for sale ranging in price from $1,699,000 for a 3 bedroom/2 bath, 2,128 square foot home, t...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can ease into Fall by joining one of South Coast Botanic Garden’ssessions of Tai Chi and/or Yoga offered on Saturday mornings.  Classes will be held at the Koi Pond Patio, giving Palos Verdes residents the opportunity to exercise in a natural setting instead of a studio environment.  You will feel the peace and energy of the Gardens around you.  The pace of these classes are appropriate for most individuals.Tai Chi in the Garden, will begin on Saturday, September 1, 2018, from 9:00 a.m. to 10:00 a.m., through November 30, 2018.  Tai Chi consists of graceful Chinese meditative movements that help to maintain physical health, well being and spiritual essence.  This ancient Chinese technique emphasizes relaxation, balance coordination and agility, as well as flexi...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of September 2018, 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, nocturnal full moon walk and volunteer opportunities which are listed below. Special Events:  Guided Nature Walk by Palos Verdes Land Conservancy will take place at Pelican Cove on Saturday, September 8, 2018, at 9:00 a.m.  This walk will allow you to admire picturesque ocean views and restored seaside buckwheat covered bluff tops that support the recovery of the rare El Segundo blue butterfly.  This is a moderate walk and for more information call (310) 541-7613 ext. 201, or sign up at www.pvplc.org. Trail Crew Training will take place on Saturday, September 8, 2018, from 9:00 a.m...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes Concours D’Elegance 2018 is once again being held at Torrance Airport’s Louis Zamperini Field (Robinson Helicopter).  The event will take place on Sunday, September 30, 2018, from 10:00 a.m. to 4:00 p.m.  You will be able to view vintage aircraft at the historic Zamperini Field and entrance to the Western Museum of Flight will be included in the ticket price.  The Concours is an event for all ages, and children are welcome.  The Concours D’Elegance is different from a car show; it brings together vintage autos that adhere to the automobile’s original design and build, that are judged on both their adherence to the original state of their manufacture and the quality level of their fit and finish.  Beauty and elegance are rewarded.  Add to this the inclusion of some incredibl...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes home owners have a fabulous opportunity to get out and enjoy the nightlight here on the Peninsula.  Cielo After Dark has recently opened at Terranea Resort and this is a great location where you can gather under the stars at the ocean’s edge on Saturday evenings.  This exclusive ultra lounge features live entertainment, dancing, and VIP bottle service.Every Saturday the doors open at 8:00 p.m., for the 21 and over crowd to get together.  The cost is $10 per person for resort guests, and $20 per person for all others.  The night will feature some great entertainment and dancing with the music lineup as follows:September 8, 2018 – DJ ANNALISA MARIESeptember 15, 2018 – JIMBOSeptember 22, 2018 – LAUREN PAPPASSeptember 29, 2018 – JIMBOThe Terranea Resort is located at 100 Terran...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners will be celebrating LA Fleet Week August 31 through September 3, 2018, with the arrival of large navy ships (last year there were five) which will be visiting the Port of Los Angeles.  The list of this year’s visiting ships are not published yet due to security issues, but you can check back one week before the August 31 to see which ships are coming to town.  This is a great opportunity for Palos Verdes homes owners to tour these active duty ships for a one of a kind visit.  The ship tour tickets will allow admission to one ship only at a specific designated time.  You are limited to registering for six tickets at a time.  The tickets are limited and registration fills up quickly.  All tour guests must be pre-registered for ship tours.  They are not available ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
My new Palos Verdes Estates listing has been reduced and is being  offered for only $2,086,000. This home is located in the desirable Valmonte neighborhood at 4057 Via Valmonte, in Palos Verdes Estates. It consists of 4, bedrooms, 4 baths, 2,797 square foot home and sits on a 9,292 square foot lot.This gorgeous custom home was rebuilt in 2008 and has a great city light view. You will absolutely fall in love with this immaculate, charming and irresistible dream home in every respect. The welcoming entry has no steps to the nice front door. The main house has 3 bedrooms and 3.5 bathrooms which includes 400 SQFT of mezzanine with a beautiful custom made spiral stairway with 1/2 bath. Vaulted ceiling living room with fireplace leads you through Anderson French doors to a nice balcony to enj...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales July 2018 for Palos Verdes homes decreased compared to June.  62 Palos Verdes houses sold in July compared to the 82 homes sold in June and decreased compared to the 78 homes that sold in July 2017.  There were 51 Palos Verdes single family homes pending in July which decreased from the 75 homes pending in June.  The number of active Palos Verdes homes for sale in July (226) was just about the same as the 225 homes for sale in June. Average sales price for Palos Verdes homes sold in July decreased to $1,649,000 from $2,025,000 in June and decreased from the $1,812,000 in July 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in July increased to $666 from June ($635).  Average days on market in July decreased to 31 days from 54 d...
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