Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales February 2020 for Palos Verdes homes decreased compared to January.  37 Palos Verdes houses sold in February compared to the 40 homes sold in January and decreased slightly compared to the 38 homes that sold in February 2019.  There were 66 Palos Verdes single family homes pending in February which increased from the 43 homes pending in January.  The number of active Palos Verdes homes for sale in February (140) decreased slightly from the 141 homes for sale in January. Average sales price for Palos Verdes homes sold in February increased to $1,755,000 compared to $1,723,000 in January, and decreased from the $2,014,000 in February 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in February increased to $633 from January ($607)...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for the Palos Verdes Drive North neighborhood increased to 81 single family homes sold compared to 56 in 2019.  Price per square foot for Palos Verdes Drive North houses that sold in 2019 increased to $658 compared from $612 in 2018, a 7.6% increase.  Average sales price for Palos Verdes Drive North homes sold in 2019 was $2,014,400 compared to $1,961,525 in 2018.  The most expensive home sold for $4,185,335 and the lowest priced home sold for $900,000. Currently, Palos Verdes Drive North has 21 active Palos Verdes homes for sale. There are 19 single family homes ranging in price from $1,495,000 for a 4 bedroom/4 bath, 3,473 square foot home, to $5,499,000 for a 5 bedroom/10 bath, 8,004 square foot home.  There are 2 condo/townhomes ranging in price from $3...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for the Valmonte neighborhood increased to 47 single family homes sold compared to 41 in 2019.  Price per square foot for Valmonte houses that sold in 2019 increased to $783 compared from $753 in 2018, a 3.9% increase.  Average sales price for Valmonte homes sold in 2019 was $1,704,949 compared to $1,733,648 in 2018.  The most expensive home sold for $3,720,000 and the lowest priced home sold for $1,180,000. Currently, Valmonte has 6 active Palos Verdes homes for sale. There are 6 single family homes ranging in price from $1,499,000 for a 3 bedroom/2 bath, 1,540 square foot home, to $4,950,000 for a 6 bedroom/8 bath, 5,000 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Valmonte Multiple Listing Area 164...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Spring Break is not yet here for the Palos Verdes Unified School District, but summer school signs ups are quickly approaching and if history repeats itself they will fill up fast. Registration for Palos Verdes elementary students for summer school will begin on Monday, April 6, 2020, at 9:00 a.m.  This year the Summer Break program classes will be held at Soleodo and Dapplegray.  The school hours will be 8:30 a.m. to 12:00 noon and classes run from Monday, June 22, through Friday, July 18, 2020.  There will not be classes on July 4, 2020.  They will be offering 4 week programs, and a two week workshop.  The cost for the four week program is $620, and the two week workshop is $310. Before and After School Care is being offered at both Soleodo and Dapplegray during the Summer Break.  On...
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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 2020 Cost vs. Value Report” (www.costvsvalue.com) © 2020 Hanley Wood Media Inc. is a blend of upscale and midrange projects.  For 2020 in Los Angeles County, the remodeling projects with the highest return on investment are Manufactured Stone Veneer at a 120.2% return followed by Garage Door Replacement at a 106.6% return, Minor Kitchen Remodel (midrange) at...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for the Malaga Cove neighborhood increased to 26 single family homes sold compared to 20 in 2019.  Price per square foot for Malaga Cove houses that sold in 2019 decreased to $839 compared from $850 in 2018, a -1.2% decrease.  Average sales price for Malaga Cove homes sold in 2019 was $2,978,188 compared to $2,853,256 in 2018.  The most expensive home sold for $14,100,000 and the lowest priced home sold for $1,250,000. Currently, Malaga Cove has 9 active Palos Verdes homes for sale. There are 9 single family homes ranging in price from $2,195,000 for a 4 bedroom/3 bath, 2,283 square foot home, to $12,888,888 for a 6 bedroom/10 bath, 10,100 square foot home.  Currently, there are no condo/townhomes for sale in this area. For background and history onMalaga ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Spring Break Camp is available for Palos Verdes Unified School District students in grades TK through 8 from March 30 through April 3, 2020, – hours are 6:30 a.m. to 6:30 p.m.  This is a great opportunity for working parents to use a convenient daycare for their school age children.  The District will also allow students, who are not currently enrolled in PV Kid’s Corner, to join the program.  In order to participate, you must complete a registration packet and return it to the PV Kid’s Corner business office no later than March 20, 2020.  The business office is located at 3801 Via La Selva, Palos Verdes Estates.The full day camp will take place at Soleado Kids Corner and will be a fun experience for children during the week of Spring break.  The fee for participation is $175 per child ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the February 25, 2020, Palos Verdes real estate Broker’s Tour (19 homes had open houses today) are described below.  We currently have 141 single family Palos Verdes homes for sale ranging in price from $1,100,000 in Rancho Palos Verdes  to $27,500,000 in the city of Palos Verdes Estates.  There are 22 Palos Verdes condos/townhomes for sale priced between $565,500 and $2,245,000.  My favorite Palos Verdes homes today:      Sean Rodriguez (RE/MAX Estate Properties) & Mark Tournet’s (Keller Williams Palos Verdes) 2825 Via Segovia, Palos Verdes Estates, 90274 (above left) is a 6 bedroom, 4 bath, 3,587 square foot home for $4,795,000.  This single level Lunada Bay iconic bluff retreat features captivating ocean/Catalina views, kitchen with sunny breakfast n...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Art Center will be presenting its 34th Annual Homes Tour, Celebrate Extraordinary, on Friday, March 20, and Saturday, March 21, 2020, from 10:00 a.m. to 4:00 p.m.  The Tour will feature three homes and a breathtaking garden paradise – revel in the beauty of a Mediterranean masterpiece, a whitewater view property with exotic garden and koi ponds, a relaxed yet stylish eclectic sanctuary, and a lush succulent garden showcase as a bonus.         Paramount Palos Verdes (above left)- is a grand Italianate estate which showcases incredible craftsmanship and attention to detail.  It has three stories and 11,000 square feet of inviting Tuscan warmth and comfort. It showcases the owners magnificent collections from over the world,  especially the plein art paintings and a variet...
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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 February 2020 are 26 homes which is an increase from the 25 Palos Verdes homes sold in the first 21 days of January and an increase from the first 21 days of February 2019 (24).  (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 February 1st to February 21st is $1,803,848 which is an increase from last month’s average of $1,779,222 for this same time period and an increase from $1,546,547 last February. In February 2020 to date, the highest priced Palos Verdes homes sold for $6,484,799 and is located in the Palos Verdes Drive South  neighborhood of Rancho Palos Verdes and had 6 bedrooms, 7 baths, and 8,061 s...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 The Palos Verdes Library District has some great free movies that they will be showing during the month of March 2020.  Each month they offer a different selection of foreign movies, “latest” releases,  and classic cinema.  Most of the screenings will have some post film discussion which adds an opportunity to socialize with others in the community.  In March, the following movies will be presented:Classic Movies at Noon, which shows films from the 1930’s through the 1990’s usually on the first Tuesday of the month, will be screening this month on a Monday, March 16, 2020, at noon, MADAME CURIE (1943) in the Peninsula Center Library.  The story shows that despite himself, accomplished physicist and avowed bachelor Pierre Curie falls for brilliant student Marie and together they embark ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the February 18, 2020, Palos Verdes real estate Broker’s Tour (17 homes had open houses today) are described below.  We currently have 143 single family Palos Verdes homes for sale ranging in price from $1,149,000 in Rancho Palos Verdes (The low in Eastview is $1,140,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 26 Palos Verdes condos/townhomes for sale priced between $385,000 and $2,245,000.  My favorite Palos Verdes homes today:       Kevin Pluimer’s (Compass) 4032 Via Largavista, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 4 bath, 3,423 square foot home for $3,125,000.  This Spanish Revival Valmonte home features wood beamed ceilings, carved Mission style archways, completely renovated (2019)  gourmet kitchen w/mass...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Special Events:  Cactus Wren Monitoring Training with the Palos Verdes Peninsula Land Conservancy will take place on Saturday, March 7, 2020, at 11:00 a.m. Become a Palos Verdes Peninsula Land Conservancy Endangered Cactus Wren monitor at a field training on the Alta Vicente Reserve. This training will show you all you need to know to help document this rare and charismatic species that only lives in a few other places then on the Palos Verdes Peninsula.  No experience is needed.  This is for ages 16 and up only.  Sign up at www.pvplc.volunteerhub.com. Nature Walk will take place at Linden H. Chandler Preserve by Palos Verdes Peninsula Land Conservancy on Saturday, March 14, 2020 at 9:00 a.m. Experience this 28 acre nature preserve with native plants blooming in restored habitat (suppo...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for the Monte Malaga neighborhood decreased to 32 single family homes sold compared to 40 in 2018.  Price per square foot for Monte Malaga houses that sold in 2019 decreased to $686 compared from $719 in 2018, a -4.5% decrease.  Average sales price for Monte Malaga homes sold in 2019 was $2,618,319 compared to $2,601,516 in 2018.  The most expensive home sold for $7,000,000 and the lowest priced home sold for $1,250,000. Currently, Monte Malaga has 13 active Palos Verdes homes for sale. There are 13 single family homes ranging in price from $1,599,000 for a 4 bedroom/3 bath, 2,438 square foot home, to $12,700,000 for a 5 bedroom/8 bath, 9,484 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Monte Malaga M...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Point Vicente Interpretive Center has started counting whales for the 2019/2020 Whale Watching season.  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, 2019, and according to the Point Vicente Interpretive Center, as of today, there have been 399 gray whales counted going south.  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 South, Rancho Palos Verdes, welcomes visitors to this premi...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Favorite Palos Verdes Homes –February 11, 2020  My favorite Palos Verdes Homes on the February 11, 2020, Palos Verdes real estate Broker’s Tour (20 homes had open houses today) are described below.  We currently have 147 single family Palos Verdes homes for sale ranging in price from $1,140,000 in Rancho Palos Verdes (The low in Eastview is $949,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 22 Palos Verdes condos/townhomes for sale priced between $385,000 and $2,245,000.  My favorite Palos Verdes homes today:       Ina Elminoufi’s (RE/MAX Estate Properties) 2215 Via Cerritos, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 6 bath, 4,554 square foot home for $3,395,000.  This Mid-Century Monte Malaga home features ocean/Queen Necklace views, modern architec...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Both Palos Verdes high schools will be sponsoring their annual 2020 Booster Club’s fundraisers during the month of March.Palos Verdes High School will be sponsoring their 2020 Booster Club’s CATCH THE WAVE fundraiser on Saturday, March 14, 2020. The theme is “Denim & Diamonds” 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 14, 2020, from 6:00 p.m. to 11:00 p.m for $125.00 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...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales January 2020 for Palos Verdes homes decreased compared to December.  40 Palos Verdes houses sold in January compared to the 56 homes sold in December and increased compared to the 18 homes that sold in January 2019.  There were 47 Palos Verdes single family homes pending in January which increased from the 36 homes pending in December.  The number of active Palos Verdes homes for sale in January (141) increased from the 129 homes for sale in December. Average sales price for Palos Verdes homes sold in January increased to $1,723,000 compared to $1,686,000 in December, and decreased from the $3,037,000 in January 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in January decreased to $607 from December ($627).  Average days on ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes tide pools offer an amazing and enjoyable visit no matter how many times you have been there.  I love the magic of seeing all the creatures living in the pools and each visit seems to add something new.  Palos Verdes homes owners are lucky to be surrounded by such wonderful tide pool areas. On Sunday, February 23, 2020, at 2:00 p.m., the Los Serenos de Point Vicente docents will be offering a free Tide Pool Hike starting at 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 fas...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the February 4, 2020, Palos Verdes real estate Broker’s Tour (22 homes had open houses today) are described below.  We currently have 139 single family Palos Verdes homes for sale ranging in price from $1,140,000 in Rancho Palos Verdes (The low in Eastview is $949,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 23 Palos Verdes condos/townhomes for sale priced between $385,000 and $2,295,000.  My favorite Palos Verdes homes today:       Joann DeFlon’s (Vista Sotheby’s International) 974 Paseo La Cresta, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 5 bath, 5,500 square foot home for $10,200,000.  This private gated French Provincial Monte Malaga estate features unobstructed panoramic ocean/Bluff Cove/coastline views, amazin...
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