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Rolling Hills Estates July 2016 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 34 homes at the end of July a 36% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 11 sales a month, a 19% increase compared to the comparable period last year. There are only 6 homes in escrow as of the end of July. The following is a list of the 6 homes sold in the City of Rolling [...]
Interest rates edge downward this week
Interest rates for buying a home on the Palos Verdes Peninsula edge downwardthis week.The following are excerpts from the newsletter on interest rates published by HSH Associates :"Now in the valley between the last and the next Federal Reserve meeting, financial markets must study and react to new inbound data about the economy and inflation. As such, mortgage and other interest rates will be pushed and pulled, fully dependent upon both individual items and the collective tenor of the mass.Provided the needle doesn't run very hot for very long (a happenstance [...]
Rolling Hills June 2016 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during the second quarter of2016: Properties Sold: 10 Properties for Sale as of 6/30/16: 26Sales have been averaging 3 homes 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 6/30/16: $6.0million Average Sold Price over the last 3 months: $3.9 million Average Price per Sq. Ft. for Properties Sold during the last 3 [...]
City of Palos Verdes Estates June 2016 Real Estate Market Report
There are 71 homes listed for sale in the City of Palos Verdes Estates at the end of June, which is 29% higher than this time a year ago. The number of homes sold over the last 3 months, averaging 15 sales per month, is down 25% compared to the same period last year . This equates to 4-5 months of inventory, based on the average sales per month over the last 3 months. There are 19 homes in escrow at the end of June. The following is a list of [...]
Rolling Hills Estates June 2016 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 31 homes at the end of June, a 11% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 15 sales a month, a 64% increase compared to the comparable period last year. There are 11 homes in escrow as of the end of June. The following is a list of the 46 homes sold in the City of Rolling Hills [...]
City of Rancho Palos Verdes June 2016 Real Estate Market Report
The level of inventory of homes for sale of 114 homes in the City of Rancho Palos Verdes at the end of June is up about 13% compared to the end of June last year. The average number of homes sold per month over the last 3 months of 41 homes per month, is up 2% compared to the same 3 month period last year. There are 43 homes in escrow at the end of June. The following is a list of the 56 homes sold during the month of June [...]
Palos Verdes June 2016 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 38 units at the end of June is up approx. 9% compared to this time a year ago. The average number of sales per month over the last 3 months of 17 units per month is up approx. 13% compared to a year ago. There are 13 units in escrow at the end of June. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $433 [...]
Rancho Cala Vista new listing
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 [...]
Interest Rates move down as Brexit fears ease
Interest rates for buying a home on the Palos Verdes Peninsula edge downwardthis week following the turmoil in the markets due to the U.K. vote to leave the EU. The following are excerpts from the newsletter on interest rates published by HSH Associates :"As expected, mortgage rates were incrementally lower with week as markets continue to digest the fallout from the U.K's exit from the European Union. The initial leg down in mortgage and other interest rates that happened last Friday and to a lesser degreeon Mondaypetered out during the week, [...]
Flotsam Castle – Torrance Beach
Flotsam CastleOne of the most unusual homes ever constructed in the beach communities of the South Bay was a home constructed entirely of driftwood by a local €œhermit € on the beach at the southern end of Torrance Beach. The home was constructed by Louis C. Dart during the period from September 1919 to 1925 , according to articles published from 1920 to 1922, and was known as both the €œFlotsam Castle € as well as the €œHermit €™s Castle €. An early picture provided by Jerry Tomlinson, below, of a [...]
Palos Verdes Peninsula April 2016 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of April of 175 properties is 12% higher than the same time last year, and the average number of homes sold per month of 55 over the last 3 months is 1% higher than the comparable period last year. There are 87 homes in escrow at the end of April. The average price per sq. ft. for homes sold over the last 3 months of $605 per sq. ft. is up 1% from the same [...]
Palos Verdes April 2016 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 38 units at the end of April is up approx. 23% 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 a year ago. There are 21 units in escrow at the end of April. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $433 per sq. [...]
Interest rates edge downward this week
Interest rates for buying a home on the Palos Verdes Peninsula edge downwardthis week.The following are excerpts from the newsletter on interest rates published by HSH Associates :"Now in the valley between the last and the next Federal Reserve meeting, financial markets must study and react to new inbound data about the economy and inflation. As such, mortgage and other interest rates will be pushed and pulled, fully dependent upon both individual items and the collective tenor of the mass.Provided the needle doesn't run very hot for very long (a happenstance [...]
City of Rolling Hills 1st Quarter 2016 Real Estate Market Report
The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 1st Quarter of 2016: Properties Sold: 4 ( Compared to 8 sales in the comparable quarter last year ). 3 propeties are in escrow at the end of March. Average Sales Price during the 1st Quarter 2016: $3.5 million, the same as the prior years comparable quarter. Average List Price at 3/31/2016: $6.7 million Properties for Sale as of 3/31/2016: 20 ( 20 months inventory based [...]
Palos Verdes Estates 1st Quarter 2016 Real Estate Market Report
The Palos Verdes Estates real estate market continues to be relatively strong. The number of homes listed for sale at the end of March of 59 is a 41% increase over this time last year. The average number of homes sold per month during the first quarter 2016 increased 6% compared to last year's fourth quarter, averaging 12 sales per month. This equates to about about 5 months of inventory. The number of homes in escrow at the end of March is 14 homes. The following is a chart of the [...]