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Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners still have a chance to enroll their children in this great summer camp.  The Promenade Ice Chalet is offering a Summer Hockey Camp with Week 1 beginning July 16 to 20, 2018, and Week 2 beginning July 30 to August 3, 2018.  The camp goes from 8:00 a.m. to 11:45 a.m., at a cost of $375/week, or $85 a day.  Week 1: Registration deadline is Monday, July 9, 2018, and Week 2: Registration deadline is Monday, July 23, 2018.  This is a great opportunity for your children to participate in the hockey experience during the Summer when your children’s schedules aren’t so busy.The Ice Chalet will also be having an Ice Skating Camp with Week 1 beginning July 9 to 13, 2018, and Week 2 beginning July 23 to 27, 2018.  The camp runs from 8:00 a.m. to 11:45 a.m., at the cost of ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
If you are looking for a local way to celebrate the Fourth of July, then look no further. There are several fun activities right here on the Peninsula to enjoy.Palos Verdes Estates will be having their 57th Annual Independence Day Celebration at Malaga Cove School located at 300 Paseo Del Mar, Palos Verdes Estates. This fun day will begin at 9:30 a.m and will include face painting, a children’s patriotic bicycle parade, plus a magic show just to start the day. They will also be presenting the Kenneth T. Norris Heritage of Freedom Awards, The Van Dine Family Americanism Award and this year a Military Service Award. This is a fun free celebration where you can picnic, enjoy family games and listen to patriotic music while taking in the views. For more information and times for events clic...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 2017 Palos Verdes homes sales for the La Cresta neighborhood decreased to 27 single family homes sold compared to 37 in 2016.   Price per square foot for La Cresta houses that sold in the first half of 2017 increased to $583 compared to $564 in 2016 a 3.4% increase.  Average sale price for La Cresta homes sold in 2017 was $2,113,296 compared to $2,094,608 in 2016.  The most expensive home sold for $3,499,000 and the lowest priced home sold for $1,250,000. Currently, La Cresta has 9 active Palos Verdes home for sale.  There are 7 single family homes priced from $1,499,000 for a  3 bedroom/3 bath, 2,567 square foot home, to $3,188,000 for a 5 bedroom/4 bath, 3,956 square foot home.  There are 2 condo/townhomes priced from $859,000 for a 2 bedroom/3 bath, 1,704 square foot condo/townhome,...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Malaga Cove’s 2018 Summer Concert Series will begin on Wednesday, July 11, 2018, at Farnham Martin Park located next to the Malaga Cove Library in Palos Verdes Estates.  The concerts are held on Wednesdays at 7:00 p.m. and continue through August.  Thanks again to the Malaga Cove Business & Professionals Association and the Palos Verdes Police Association who sponsor these concerts for your summer entertainment.  You may bring your blankets at 3:00 p.m to save a spot, but remember that only small back chairs are allowed in the center areas.  The list of the 2018 summer performers is as follows:   July 11, 2018 – Jeff Stillman (Beatles Tribute Band) July 18, 2018 – Bad Haggis (Electric Celtic Rock) July 25, 2018 – Motown Thang (The Sounds of Soul) August 1, 2018 – A Peaceful Easy Eagle T...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
 Palos Verdes residents are looking forward for the Malaga Cove Concert Series to begin. Sponsored by the Malaga Cove Business & Professional Association, and in cooperation with the Palos Verdes Police Officers Association these outdoor concerts are a great way to enjoy a summer evening.The concerts will take place on Wednesdays, starting on July 11 and running through August 29, 2018, at Farham Martin’s Park adjacent to the Malaga Cove Library. The music program starts at 7:00 p.m., and usually goes till 8:00 p.m. You are allowed to go to the park as early as 3:00 p.m., to spread your blanket for your evening spot.This year's concert schedule is as follows:July 11 – The UK BeatJuly 18 – Bad HaggisJuly 25 – The Motown ThangAugust 1 – A Peaceful EasyAugust 8 – DetourAugust 15 – Jim Sitt...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales May 2018 for Palos Verdes homes increased compared to April.  79 Palos Verdes houses sold in May compared to the 69 homes sold in April and decreased compared to the 92 homes that sold in May 2017.  There were 104 Palos Verdes single family homes pending in May which increased from the 87 homes pending in April.  The number of active Palos Verdes homes for sale in May (219) increased from the 186 homes for sale in April. Average sales price for Palos Verdes homes sold in May increased to $1,727,000 from $1,574,000 in April and increased from the $1,569,000 in May 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in May increased to $666 from April ($598).  Average days on market in May increased to 40 days from 30 days in April. ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2017 Palos Verdes homes sales for the Country Club neighborhood increased to 29 single family homes sold compared to 24 in 2016.   Price per square foot for Country Club houses that sold in the first half of 2017 increased to $578 compared to $548 in 2016 a 5.4% increase.  Average sale price for Country Club homes sold in 2017 was $1,861,672 compared to $1,882,208 in 2016.  The most expensive home sold for $2,600,000 and the lowest priced home sold for $1,222,000. Currently, Country Club has 12 active Palos Verdes home for sale.  There are 9 single family homes priced from $1,450,000 for a 4 bedroom/2 bath, 2,186 square foot home, to $2,990,000 for a 4 bedroom/4 bath, 4,048 square foot home.  There are 3 condo/townhomes priced from $445,000 for a 1 bedroom/1 bath, 778 square foot condo,...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Mortgage interest rates for buying a home on the Palos Verdes Peninsula stayed steady this week. The following are excerpts from the newsletter on interest rates published by HSH Associates :" You probably wouldn't know it, given all the "rising mortgage rates" headlines of the spring, but the reality is that mortgage rates have been fairly stable now for weeks. In fact, that's been much the case overall since the end of April, when they cruised past the 4.5 percent mark. In the nine-week period since then, 30-year FRMs have held in just a 12-basis point slot with about as many weeks of decline as increase, and that despite an active Fed and faster economic growth and inflation.Although it's rather too soon to call it, but as we're now at the start of summer, there seems a good chance t...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
On Sunday, June 24, 3018, from 5:00 to 7:00 p.m., St Luke’s Presbyterian Church will be presenting “Helix Collective.”  This is a fun event where you can come early and enjoy the gorgeous weather while picnicking on the lawn, and then enjoy a Free Garden Concert.Helix Collective is a Los Angeles-based ensemble that specializes in multi-media, collaborative performance and recording.  The group consists of Sarah Robinson on flute, Phil Popham on oboe, Katie Norring on piano and Lorry Black on percussion.  Helix has released two critically acclaimed albums and has recorded the scores for over a dozen films.  Helix has a little something for everyone – those who like their classics straight up, with a contemporary edge to it, or with a populist appeal.Come and listen to this great musical ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
 If you are looking for a great view property, look no further! This is my new Rancho Palos Verdes real estate listing offered at $1,698,800. The home is located at 6887 Vallon Drive, in Rancho Palos Verdes. This wonderful 4 bedroom, 3 bath, 2,961 square foot home, is located in the La Cresta neighborhood.Welcome to this Country Club area home which features ocean and golf course views. Upon entering you will be drawn to the openess of the entry, and the vaulted ceiling living room. The newer and bright kitchen has stainless steel appliances and a relaxing breakfast area that overlooks the golf course. There is a formal dining room, and a large family room with a built-in bar for entertaining. This spacious home also has a remodeled master bath and guest bathroom. The house boasts almos...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
  Palos Verdes homes owners have a great opportunity on the Peninsula to enjoy this wonderful holiday.  Beginning in the morning at Malaga Cove School or Point Vicente Park in Rancho Palos Verdes, there are day long celebrations.  After dusk, from Palos Verdes we are lucky to be able to watch fireworks up and down the coast in the skies above local South Bay cities.  This year we will be able to enjoy fireworks from the barge off the coast of Torrance Beach.  PalosVerdesFireworks.com reached out to local residents and business owners, and the owner of Pedone’s stepped up to fund this year’s show.  Hopefully, everyone will realize how important these fireworks are to the community, and will donate to make sure we can enjoy them next year.  For more information or if you are interested in...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Welcome to my new Rancho Palos Verdes real estate listing offered at $2,399,800. This home is located at 6735 Alta Vista Drive, in Rancho Palos Verdes. This gorgeous 4, bedroom, 5 bath, 5,149 square foot home sits on a 21,300 square foot lot in the lovely Country Club neighborhood.Welcome to a one of a kind prestigious Estate home with a dramatic entry foyer and vaulted ceilings. Upon entering this bright and beautiful contemporary home, you will notice that besides an  excellent floor plan, this magnificient well maintained home exemplifies pride of ownership. There is a formal living & dining room, and large gourmet kitchen that any cook would love to create in. The lovely master suite has His and Hers closets, a great master bath along with all amenities. All of the rooms are spaciou...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
This is my new Palos Verdes real estate listing offered at $1,798,000, located at 4324 Via Azalea, in Palos Verdes Estates. This gorgeous 3 bedroom, 3 bath, 2,054 square foot home is located on a 8,029 square foot lot in the desirable Valmonte neighborhood. You will absolutely fall in love with this irresistible one-level Spanish charmer in the highly desired Valmonte neighborhood of Palos Verdes Estates. Sitting on a large corner lot, this is a one-of-a kind Spanish transitional home with modern upgrades while keeping the original character of the home. As you walk up the steps amidst lush landscaping, you will be charmed by the stunning view of the LA area on the wrap around patio. Inside the house you will be greeted by beautiful archways, new flooring and a bright open remodeled ki...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
  We have another wonderful opportunity for Palos Verdes homes owners to relax and enjoy live outdoor entertainment here on our beautiful Palos Verdes Peninsula.  This is the 21st year of Shakespeare By The Sea performances, and this year they will be presenting “The Merry Wives of Windsor” and “The Winter’s Tale.”  The Merry Wives of Windsor is the story full of mischief & mayhem galore, and The Winters Tale tells the familial story of love and forgiveness. Point Fermin Park will be presenting both of the shows during the summer.  “The Merry Wives of Windsor ” will be presented on June 28, 30, July 6, and August 18, 2018, at 8:00 p.m. “The Winter’s Tale ” will be presented on June 21, 22, 23, 29, July 5 & 7 and August 17, 2018, at 8:00 p.m. The park can be very chilly since it is righ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 2017 Palos Verdes homes sales for the West Palos Verdes neighborhood decreased to 18 single family homes sold compared to 24 in 2016.   Price per square foot for West Palos Verdes  houses that sold in the first half of 2017 increased to $708 compared to $641 in 2016 a 10.5% increase.  Average sale price for West Palos Verdes homes sold in 2017 was $2,524,461 compared to $2,752,542 in 2016.  The most expensive home sold for $5,500,000 and the lowest priced home sold for $1,025,000. Currently, West Palos Verdes has 8 active Palos Verdes home for sale.  There are 8 single family homes priced from $1,980,000 for a 3 bedroom/4 bath, 2,875 square foot home, to $15,450,000 for a 6 bedroom/8 bath, 9,335 square foot home.  There are no condo/townhomes for sale in the area. For background and hi...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Lunada Bay Summer Concerts Series 2018, hosted by the Lunada Bay Homeowners Association take place at Lunada Bay Park in Palos Verdes Estates (except for the July 8, 2018, concert which will be presented at Palos Verdes High School quad because of its larger size).   This is a great opportunity for Palos Verdes homes owners to enjoy the summer weather, grab a picnic dinner, bring a low back beach chair or blanket, and enjoy some music outdoors with your neighbors.   This year’s series will welcome new local artists to the program, plus a variety of food and beverages will be available for purchase in support of LBHOA and the local businesses.  There will also be a “Kids Corner” with arts and crafts.  The concerts start at 5:00 p.m. (except for August 26 which will start at 3:00 p.m.) an...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
South Coast Botanic Garden is inviting all Palos Verdes homes owners to enjoy some outdoor fun.  In addition to the monthly classes that are available, June will be bring some unique activities for all to enjoy.June 15 to August 31, 2018, a magical competition is brewing at South Coast Botanic Garden.  Who will win, Team Fairies or Team Trolls?  The tiniest Garden inhabitants need your help to solve a collection of ridiculous riddles and win the big prize – a Merry Fairy Trollstone of your very own.  This is a fun time to use your wits, courage and imagination to put your team on top.  You can join in by dressing the part by wearing wings, don a troll hat, put on an invisible costume or stop by the Magical Outfitters in the Fit Shop.  This adventure is not just for kids, Trolls and Fair...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 24 days of May 2018 are 55 homes which is an increase from the 51 Palos Verdes homes sold in the first 24 days of April and an decrease from first 24 days of May 2017 (62).  (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 May 1st to date is $1,940,745 which is an increase from last month’s average of $1,704,674 for this same time period and an increase from $1,754,646 last May. In May 2018 to date, the highest priced Palos Verdes home sold for $6,500,000 and is located in the Lunada Bay neighborhood of Palos Verdes Estates and has 6 bedrooms, 8 baths and 10,297 square feet on a 28,807 square foot lot.  This stunning ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
There is a great selection of local summer camps for Palos Verdes homes owners.  As Summer is quickly approaching, it is time to start looking for activities for your children.  Below are a few of the activities and camps located here on the Peninsula to choose from.Elite Dance Studio  is offering children an opportunity to spend the week sampling various types of dance including: Jazz, Tap, Hip Hop, Ballet, Music Theater, Song and Dance, Tumbling and More.  This camp is perfect for kids 5 to 10 years of age at any of the week sessions.  Children 11 – 15 will be able to enjoy the camps on weeks 2 & 4.  Camps will be offered in one week sessions starting June 18 through July 27, 2018.  Prices vary, and they suggest that you sign up as soon as possible since enrollment closes on June 4, 2...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Terranea’s Summer Music Series 2018 at Nelson’s will be starting this weekend and is a great way to unwind and relax after a long week.  For resort guests and Palos Verdes homes owners, Nelson’s is the place where you can enjoy California cuisine, micro brews and spectacular sunsets.  With a special view of the Point Vicente Lighthouse and Catalina Island, this unique restaurant is one of the most scenic locations in Palos Verdes.  On Nelson’s Sunset Bluff all summer long you can enjoy a variety of live music with musicians from the South Bay, while the culinary team will be offering a variety of food items to pair with beers on draft from select rotating beer partners.  The live featured bands will be playing every Friday & Saturday nights from 6:00 p.m. to 10:00 p.m. through Labor Day...
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