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City of Palos Verdes Estates June 2017 Real Estate Market Report
There are 78 homes listed for sale in the City of Palos Verdes Estates at the end of June, which is 10% higher than this time a year ago. The number of homes sold over the last 3 months, averaging 18 sales per month, is 25% higher compared to the same period last year . This equates to about 4 months of inventory, based on the average sales per month over the last 3 months. There are 14 homes in escrow at the end of June showing weakening sales activity. The [...]
Rolling Hills June 2017 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during the second quarter of 2017 Properties Sold: 6 Properties for Sale as of 6/30/17: 27 Sales have been averaging 2homes sold per month over the last 3 months. This equates to approx. 9 months of inventory. 1 homes is in escrow as of the end of June. Average List Price at 6/30/17: $6.0 million Average Sold Price over the last 3 months: $2.5 million Average Price per Sq. Ft. for Properties Sold during the [...]
Palos Verdes June 2017 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 29 units at the end of June is down approx. 24% compared to this time a year ago. The average number of sales per month over the last 3 months of 18 units per month is up approx. 6% compared to a year ago however. There are 18 units in escrow at the end of June, however showing continuing strong recent sale activity. The average price per square foot of condos and townhomes sold on the Palos Verdes [...]
City of Rancho Palos Verdes June 2017 Real Estate Market Report
The level of inventory of homes for sale of 92 homes in the City of Rancho Palos Verdes at the end of June is down about 19% compared to the end of June last year. The average number of homes sold per month over the last 3 months of 42 homes per month, is up 3% compared to the same 3 month period last year. There are 49 homes in escrow at the end of June, showing continuing strong recent sales activity. The following are the 125 propeties sold in Rancho [...]
Palos Verdes Peninsula June 2017 single family real estate market report
Summary: The number of homes listed for sale on the Palos Verdes Peninsula has increased to seasonal levels, but the number of homes on the market at the end of June is down 7%, but the number of homes sold during the last three months is down 3% compared to the prior year, resulting in unsold inventory of just over 3 months supply. Prices per square foot is up approx. 3% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. [...]
Interest rates, a look back
We have gotten so spoiled by the current level of interest rates, I thought it might be instructive to post the interest rates from May 2006 LOAN TYPE TODAY +/- LAST WEEK 30 yr fixed mtg 6.21% 6.20% 15 yr fixed mtg 5.88% 5.86% 5/1 ARM 5.82% 5.84% 30 yr fixed jumbo mtg 6.42% 6.41% 5/1 jumbo ARM 5.92% 5.95% Source: bankrate.com Rates include 1 point feeFor more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website [...]
Bringing a property to Market
A client recently requested that I assist them in bringing an investment condo they own to market by installing new hardwood flooring to replace damaged wood flooring, new carpet, new paint, as well as reconstruction of two bathrooms.Previous flooring and ugly tile fireplace hearth and facing with no mantle New modern tile hearth and fireplace facing and new custom wood mantle with new modern manufactured hardwood flooringOld mismatched tile and old damaged hardwood flooringNew tile in enclosed patio areaNew living room and enclosed patio finishesNew vanity and sink For more information [...]
Rolling Hills Estates March 2017 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 19 homes at the end of March a 27% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 6 sales a month, a 13% decrease compared to the comparable period last year. There are 4 homes in escrow as of the end of March. The following are the 17 properties sold during the 1st Quarter 2017 The average price per [...]
City of Palos Verdes Estates March 2017 Real Estate Market Report
There are 52 homes listed for sale in the City of Palos Verdes Estates at the end of March, which is 12% lower than this time a year ago. The number of homes sold over the last 3 months, averaging 17 sales per month, is 34% higher compared to the same period last year . This equates to between 3 months of inventory, based on the average sales per month over the last 3 months. There are 22 homes in escrow at the end of March, showing strong recent sales. The [...]
Palos Verdes March 2017 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 32 units at the end of March is down approx. 22% compared to this time a year ago. The average number of sales per month over the last 3 months of 12 units per month is the same as compared to a year ago however. There are 24 units in escrow at the end of March, however showing strong recent sale activity. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula [...]
Palos Verdes Peninsula March 2017 single family real estate market report
Summary: The number of homes listed for sale on the Palos Verdes Peninsula has increased to seasonal levels, but the number of homes sold during the last three months is up 1% compared to the prior year, leading unsold inventory to over 3 months supply. Prices per square foot are essentially unchanged compared to the prior year's quarterly average. Lower priced homes are also moving faster than the upper end of the market. Houses have also been taking approx. 2 to 3 months to sell.The number of properties listed for sale [...]
Rancho Cala Vista
Once in a lifetime opportunity to purchase "Rancho Cala Vista", one of the largest parcels of land on the Palos Verdes Peninsula. These incredible 27.5 acres are at the highest point of the gated Portuguese Bend community at the end of Plumtree Road in Rancho Palos Verdes. Situated high above the Abalone Cove Shoreline Park, Rancho Cala Vista means "Cove View Ranch". The Portuguese Bend area provides a relaxing sense of times gone by, and streets lined with olive and eucalyptus trees with a tranqual country feeling. Potentially build up to [...]
Palos Verdes High schools rank high in California
A list of the best 100 public high schools was just released by websiteNiche based on criteria such as academics and outcomes.Palos Verdes Peninsula High was ranked #6 out of 1,753 schools while Palos Verdes High ranked #53. See the following link: Best California public schools.Niche, a website for researching schools, used a variety of factors including SAT/ACT scores, student-teacher ratio, the quality of colleges students consider and reviews from students and parents for its ranking. For more information about Palos Verdes and South Bay Real Estate and buying and sellinga [...]
Palos Verdes Peninsula December 2016 single family real estate market report
Summary:The number of homes listed for sale on the Palos Verdes Peninsula has decreased to seasonal lows, butthe number of homes sold during the last three months is up 4%compared to the prior year, leading to a decrease in unsold inventory to just over 2 months supply. Prices per square foot are essentially unchangedcompared to the prior year's quarterly average. Lower priced homes are also moving faster than the upper end of the market. Houses have also been taking approx. 2 to 3 months to sell.The number of properties listed for [...]
Palos Verdes December 2016 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 33 units at the end of December is up approx. 44% compared to this time a year ago. The average number of sales per month over the last 3 months of 15 units per month is up approx. 45% compared to a year ago however. There are 19 units in escrow at the end of December. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of [...]