Interest rates have moved up over the last week or so by about one-quarter to three eighths of a point.   The increase occured at the same time as the Federal Reserve's termination of the purchase program of mortgage backed securities issued by Fannie Mae and Freddie Mac. I have predicted this movement in rates over the last several months in previous postings as I was very concerned as to what will happen to interest rates as the government programs providing capital for new loans phases out. It is hoped that the private sector will once again start to buy mortgage backed securities as the housing market begins to stabilize, however it is still too early to tell if that will happen. In the meantime, concerns over potential inflation as the economy begins to recover has led to an increa... 04/02/2010

Palos Verdes Drive North neighborhood real estate and home sales report for Rolling Hills Estates & the Palos Verdes Peninsula, CA in March 2010. Active listings: 25 Homes are currently for sale in the PVDN area priced from $899,000 to $2,999,900. Pending sales: 9 Homes are in escrow priced from $827,000 to $1,449,000. March sales: 7 Houses sold during March 2010 around Palos Verdes Dr. North: Marina Drive $875,000 Carriage $900,000 Silver Saddle Ln $980,000 Santa Bella Rd $992,000 Moccasin Ave $1,349,000 Range Horse Ln $1,425,000 Sunnyridge Rd $1,950,000 Previous Palos Verdes and San Pedro Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area r... 04/02/2010

Foreclosure Report for Palos Verdes Peninsula/Rolling Hills Estates, California during March 2010. Total single family homes for sale in RHE/PVP: 29 Homes Foreclosed/bank-owned homes for sale in RHE/PVP: 0 Homes Pre-foreclosure homes for sale in RHE/PVP: 0 Houses Short Sale listing homes for sale in RHE/PVP: 1 Home Foreclosure related and short sale listings make up 3.4% of the current homes for sale in Rolling Hills Estates and the unincorporated area of Palos Verdes Peninsula. Palos Verdes Peninsula/Rolling Hills Estates - Foreclosure/Short Sale by Neighborhood (Active Listings) Palos Verdes Drive North Area: 1 House Search for available foreclosure and bank-owned homes on our Palos Verdes website. You can view foreclosure sale homes in most cities in Southern California and no regist... 03/27/2010

A Fund raiser is planned to raise funds to support the construction of a skateboard park on the Palos Verdes Peninsula. The April 25 event will be held from noon to 4 p.m. at the Peninsula Center Library, 701 Silver Spur Road in Rolling Hills Estates. Spence Cotton, along with his friend, Kyle Ortega — both seniors at PV High School — have teamed with Ellen November, a Rancho Palos Verdes resident who wants to see a skate park built somewhere on the Hill. Professional skaters will present demos and live bands will perform at the event, while food, skateboard gear and clothing will be sold. Local kids also will be allowed to show off their skills — helmets are required. For more information about the PV skatepark project, e-mail skateparkpv@cox.net, or visit www.twitter.com/ , skateparkp... 03/21/2010

The newly built Silver Spur Court condo project located at the corner of Silver Spur and Crenshaw  has suspended sales due to poor initial sales of the units and litigation relating to cost over-runs and debt problems. A public auction has been scheduled on July 11, 2010. For updated information see my web blog entry Silver Spur Court Condominiums to be Auctioned on July 11, 2010. Silver Spur Court18 Courtyard condos, ranging in size from 1,700 sq. ft. to 3,000 sq. ft.  with initial prices ranging from $930,000 to $1.7 million. Located on the corner of Crenshaw Blvd. and Silver Spur. Sales have been suspended and units are expected to be auctioned in late spring or early summer.        03/19/2010

Palos Verdes Drive North neighborhood real estate and home sales report for Rolling Hills Estates, CA in February 2010. Active listings: 16 Homes are available for sale in the PV Drive North area priced from $899,000 to $2,999,900. Pending sales: 15 Houses are in escrow priced from $827,000 to $2,499,000. February sales: One home sold in the PVDN neighborhood during February 2010: Strawberry Ln $1,100,000 All Palos Verdes Drive North, Rolling Hill Estates real estate and home sales reports. Previous Palos Verdes and San Pedro Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs.... 03/04/2010

                                                                      Cresta Verde Townhomes                      Description:  This townhouse project is near the top of the Palos Verdes Peninsula in Rolling Hills Estates, with some of the units enjoying ocean views.   Location: Intersection of Cresta Verde Drive and Crest Road, just south of Hawthorne Boulevard in Rolling Hills Estates (MLS Area 172)Addresses: 1-91 Cresta Verde Drive (Area 72)Year Built: 1971Amenities: Swimming Pool, clubhouse, spa, 2 tennis courts, landscaped groundsHOA Dues (As of 3/1/10): $375/monthUnit Type:        Bedrooms          2 Bdrm          3 Bdrm          4 Bdrm  Baths2.0-2.52.5-3.03.0 Square Footage*1,400 -1,7921,720 - 2,094         2,094 * Square footage are estimates only based upon information in the ... 02/26/2010

                                                                           Rolling Hills Park VillasDescription:These townhomes are located in Rolling Hills Estates and are located in a private gated community that also has very nice single family homes   Location: Hawthorne Boulevard and Country Lane . The condo units are located on coral Tree Lane and Pear Tree Lane off of Country Lane in Rolling Hills Estates (MLS Area 172)Year Built: 1978Addresses: 1 - 28 Coraltree Lane                 1 - 39 Peartree LaneUnits: 67 unitsHOA Dues (As of 3/1/10): $443/monthAmenities: Swimming Pool, 3 tennis courts, privately gated communityUnit Type:           Bedrooms              2              3    Baths     2.5     2.5   Square Footage*         1,704     2,148 - 2,338 * Square footage are estimate... 02/26/2010

                                                                                  Sea View Villas TownhomesDescription: This townhome project is just off of Highridge near the intersection with Crest Road in Rolling Hills Estates.     Location:  Highridge Road to Scottwood to Seaview North or South (MLS Area # 174)Addreses: 1-57 S. Seaview               1-47 N. SeaviewYear Built:  1973Units: 68HOA Dues (As of 3/1/10): $375/monthAmenities: Community Swimming Pool, tennis court, landscaped groundsUnit Type:             Bedrooms                 2                 3   Baths 2.5-  3.0 2.5 - 3.0 Square Footage*1,794 - 1,8841,868 - 2,123 Square footage are estimates only based upon information in the multiple listing service and should be verified by the buyerPrice Estimates (as of 3/1/10):Ther... 02/26/2010

                                                                               Casas Verdes TownhomesDescription: This townhouse project is located in Rolling Hills Estates near the Terraces townhouse project off of Highridge Location: At the intersection of Via Granada and Highridge Road in Rolling Hills Estates, near the Terraces townhouse project. ( MLS Area # 174 )Addresses:   2 - 22 Via Majorca                       1 - 33 Via Sevilla                       1 - 49 Via GranadaNumber of units: 56Year Built: 1968HOA Dues (As of 3/1/10): $330/monthAmenities:  Swimming Pool, clubhouse, landscaped grounds                    Unit Type:              Bedrooms                  2                  3   Baths  2.5   3   Square Footage*        1,792        2,006 * Square footage are estimates only... 02/26/2010

                                              The Terraces TownhomesDescription: The Terraces, located in Rolling Hills Estates, is one of the higher-end townhome developments on the Palos Verdes Peninsula. It has 60 acres of lush, beautifully landscaped grounds. The project has numerous model types, with both single floor and 2 floor floor plans, many with panoramic views. Location: Highridge Road and Armaga Springs Road in Rolling Hills Estates ( MLS Area # 174)Year built: 1974-1977HOA Dues (As of 3/1/10): $360/monthAddresses: 1-164 Aspen Way                     1-19 Avocado Lane                     1-143 Cottonwood Circle                     1-101 Cypress Way                     1-51 Oaktree Lane                     1-67 SycamoreAmenities: 5 pools, spas, two tennis courts, two miles ... 02/26/2010

The S & P / Case Shiller Index of Home Prices in the Los Angeles metro area increased approx. 1.4% in December 2009 compared to the prior month, the highest increase in the 20 metropolitan areas tracked by the S & P / Case Shiller Index This is the seventh consecutive month over month increase. Michael Larson, a housing and interest rate analyst with Weiss Research stated " You have broad based stabilization in housing". The Index is an average of three months, so the December results included sales of homes that closed in October thru December.  The index is also computed by comparing sales of detached homes with previous sales and accounts for other factors such as remodeling, therefor is more reflective of trends than other indexes that use the median price of homes sold, which can f... 02/24/2010

Updated foreclosures in 90274 through 2/18/2010   Here is a list of homes in various stages of foreclosure in Palos Verdes Estates/Rolling Hills Estates. Foreclosure activity in 90274 1617 Via Lazo 3820 Via La Selva 15 Caballeros Road 4005 Via Gavilan 27639 Eastvale Road 2220 Via Acalones   For information on how I can help you with all of your real estate needs, please contact me at 310.989.4466 or chamb@earthlink.net   www.RebeccaChambliss.com   02/18/2010

Palos Verdes Drive North neighborhood real estate and home sales report for Rolling Hills Estates, CA in January 2010. Active listings: 17 Homes are available for sale in the PVDN area priced from $950,000 to $3,249,900. Pending sales: 13 Houses are in escrow priced from $827,000 to $2,499,000. January sales: 6 Homes sold around Palos Verdes Dr. North during January 2010: Eastvale Rd $945,000 Sorrel Ln $970,000 Buckskin Ln $1,100,000 Sunnyyridge Rd $1,200,000 Peacock Ln $1,395,000 Ranchview $2,150,000 All Palos Verdes Drive North, Rolling Hills Estates real estate and home sales reports. Previous Palos Verdes and San Pedro Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 PalosVerdesLifestyle - Nominated by Relocation.com as one ... 02/11/2010

Last night, my husband Bruce and I attended the Rolling Hills Estates City Council meeting to make a presentation on the pressing need for an off-leash dog park . We spoke to the city council about the fact that there is no location on the Palos Verdes Peninsula where dog owners can legally run and exercise their dogs off-leash. We also discussed our proposed location for a dog park within the city boundaries of the Los Angeles county owned former Palos Verdes landfill site between Hawthorne and Crenshaw , north of Palos Verdes Drive North. The City Council agreed to form a sub-committee of council members to review this issue,  and if it is determined that the city council should support the idea of a dog park on the county owned land, that they would meet with County Supervisor Don Kn... 02/10/2010

Lovely Equestrian 4 Bedroom Home - 2267 Carriage Drive - Rolling Hills Estates   This lovely equestrian home in Rolling Hills Estate features 4 bedrooms and a bonus room as well as three bathrooms.  Two of the bathrooms have been highly upgraded with travertine.  The kitchen at 2267 Carriage Drive in Rolling Hills Estates has also been upgraded with granite counter tops.  The living areas are open and airy with high ceilings which add to the open feeling of the home. If you are looking for a home for both you and your horses, you need look no further than 2267 Carriage Drive, Rolling Hills Estates.  The lot has been made more useable by the creation of three terrace levels. If you need additional storage, there is a large unfinished basement that would be great for this and/or a home gy... 02/07/2010

The  Feb. 9th Rolling Hills Estates City Council meeting agenda has our presentation to the City Council regarding the need for a Dog Park agendized under "Audience" items. It is important that as many supporters of a dog park on the Palos Verdes Peninsula attend this meeting as possible to show your support. If you would also like to speak at the meeting,  please fill out a speakers card when you arrive and give it to the City Clerk. The meeting begins at 7:30 pm and our presentation will be at the very beginning of the meeting so don't be late.. The facts on the meeting are: Rolling Hills Estates City Council Meeting Date: 2/9/2010 7:30 PM Location: City Council Chambers4045 Palos Verdes Drive NorthRolling Hills Estates, California 90274   02/01/2010

The Palos Verdes Drive North area of the Palos Verdes Peninsula ( area 165 in map below )had the following real estate market activity for single family residences during the 4th Quarter of 2009: Properties Sold:  19 Address                            Sales Price BR BA  Sq.ft.  $/Sq.ft Yr.Blt. MLS#  Sold Date  Days on Mkt. 26633 Westvale RD        $725,000     2 2.00 1,183    $613 1949 V09091594 10/19/09      47 4039 Montaigne WY        $925,000     3 2.00 2,133    $434 1971 S09075979 11/20/09     95 2206 Estribo DR           $1,000,000     5 3.00 1,894    $528 1957 V09116856 12/23/09     58 4005 Rousseau Lane    $1,010,000     3 2.00 2,220    $455 1972 V09084198 10/09/09     50 14 Hitching Post           $1,050,000     4 4.00 2,847    $369 1963 V09107115 11/28/09     51 4023 Montaigne ... 01/08/2010

PV Drive North neighborhood real estate and home sales report for Rolling Hills Estates, CA in December 2009. Active listings: 19 Homes are currently for sale in the PV Dr. North area priced from $850,000 to $3,249,900. Pending sales: 10 Homes are in escrow priced from $915,000 to $2,199,000. December sales: 6 Houses sold in December 2009: Estribo Dr $1,000,000 Montaigne Way $1,069,000 Encanto Drive $1,160,000 Eastvale Rd $1,300,000 Club View Ln $1,350,000 Strawberry Ln $1,875,000 All Palos Verdes Dr. North, Rolling Hills Estates real estate and home sales reports. Previous Palos Verdes and San Pedro Market Reports Norma Toering & Team RE/MAX Palos Verdes Realty(310) 493-8333 / Office Phone: (310) 831-0800 PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Ange... 01/06/2010

Tomorrow evening, Tuesday January 5th, the Parks and Activities Commission of the City of Rolling Hills Estates will be holding their regular meeting at which my husband and I will be speaking reegarding our proposal for a dog park at the former Palos Verdes Landfill site.  The meeting begins at 7:30 pm at the Rolling Hills City Hall at 4045 PALOS VERDES DRIVE NORTH  (just west of Crenshaw Boulevard ) , and this item is first on their agenda. It would be very helpful if we could have as many dog park supporters as possible at this meeting, particularly Rolling Hills Estates residents.  Even if you do not live in Rolling Hills Estates, your participation at this meeting would be very helpful.  If you  would like to speak to this matter, please fill out a speakers request form when you ar... 01/04/2010