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Palos Verdes 1st Qtr. 2016 Condo/Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 41 units is up approx. 14% 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 13% higher than a year ago. There are 17 units in escrow at the end of March. 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. ft. is up approx. 12% [...]
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, [...]
Interest rates move up slightly as Fed acts
Interest rates for buying a home on the Palos Verdes Peninsula moved up slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "At long last, we have "liftoff" from the Fed. On Wednesday, exactly seven years to the day of the last Fed change to short-term interest rates, the Federal Reserve embarked upon a journey of unknown duration with an unclear final destination, and will try to get us there using unconventional monetary policy means. This will likely make for interesting times in [...]
Rolling Hills Estates November 2015 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 14 homes at the end of November, a 30% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 8 sales a month, a 25% increase compared to the comparable period last year. There are 9 homes in escrow as of the end of November. The following is a list of the 5 homes sold in the City of Rolling Hills [...]
City of Palos Verdes Estates November 2015 Real Estate Market Report
There are 47 homes listed for sale in the City of Palos Verdes Estates at the end of November, which is 11% less than this time a year ago. The number of homes sold over the last 3 months, averaging 14 sales per month, is up 2% compared to the same period last year . This equates to a bit more than 3 months of inventory, based on the average sales per month over the last 3 months, historically very low. There are 19 homes in escrow at the end of [...]
Palos Verdes Peninsula ( All Cities ) November 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of Novemberof 168 properties is 1% lowerthanthe same time last year, andthe average number of homes sold per month of 57 over the last 3 months is 3% higherthan the comparable period last year. There are 57 homes in escrow at the end of November. The average price per sq. ft. for homes sold over the last 3 months of $592 per sq. ft. is down 3% from the same compared to the comparable period [...]
Palos Verdes Peninsula ( All Cities ) November 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of Novemberof 168 properties is 1% lowerthanthe same time last year, andthe average number of homes sold per month of 57 over the last 3 months is 3% higherthan the comparable period last year. There are 57 homes in escrow at the end of November. The average price per sq. ft. for homes sold over the last 3 months of $592 per sq. ft. is down 3% from the same compared to the comparable period [...]
Palos Verdes Christmas Parade this Saturday
17th AnnualPalos Verdes Peninsula Holiday Parade €œPARADE OF LIGHTS € Saturday, December 5, 2015 6:00 p.m. €“ 7:30 p.m.Parade Unit Application Download 2015Parade Grand MarshalDick Moe 2015Community Grand MarshalSteve & Helaine Lopes The City of Rolling Hills Estates is pleased to present the Annual Palos Verdes Peninsula Holiday Parade with the assistance from Pageantry Productions. The €œParade of Lights € theme is designed to showcase the unique character of the Palos Verdes Peninsula. The parade route is along Silver Spur Road and Deep Valley Drive, through the Promenade on the Peninsula [...]
Santa Visits to Rancho Palos Verdes
Santa Claus is Coming to Town! Santa Claus is coming to town! He'll be guiding his sleigh though the streets of Rancho Palos Verdes (weather permitting) between Tuesday, December 15th and Friday, December 18th. This special visit is sponsored by and coordinated through the efforts of the personnel at the Lomita Sheriff's Station. Stops will include: - Rolling Hills Riviera on December 15th- Caddington & Strathmore on December 16th- Mira Vista on December 17th- Seaview and Ladera Linda on December 18th Children of all ages are encouraged to come out, chat [...]
Palos Verdes Peninsula October 2015 Condo and Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 35 units at the end of October is down approx. 31% compared to this time a year ago. The average number of sales per month over the last 3 months of 13 units per month is down 3% from a year ago. There are 11 units in escrow at the end of October. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $409 per sq. [...]
City of Rancho Palos Verdes October 2015 Real Estate Market Report
The level of inventory of homes for sale of 108 homes in the City of Rancho Palos Verdes at the end of October is up about 25% compared to the end of October last year. The average number of homes sold per month over the last 3 months of 35 homes per month, is down 2% compared to the same 3 month period last year. There are 37 homes in escrow at the end of October. The following is a list of the 39 homes sold during the month of October [...]
Rolling Hills October 2015 Real Estate Market Report
The City of Rolling Hills had the following real estate market activity for single family residences during October 2015: Properties Sold: 3 Properties for Sale as of 10/31/15: 20 Sales have been averaging 2 homes sold per month over the last 3 months.This equates to approx. 10 months of inventory. 3 homes are in escrow as of the end of October. Average List Price at 10/31/15 $4.2 million Average Sold Price over the last 3 months: $4.6 million Average Price per Sq. Ft. for Properties Sold during the last 3 months: [...]
Palos Verdes Peninsula ( All Cities ) October 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of October of 202 properties is 7% higher than the same time last year, and the average number of homes sold per month of 63 over the last 3 months is 1% higher than the comparable period last year. There are 58 homes in escrow at the end of October. The average price per sq. ft. for homes sold over the last 3 months of $601 per sq. ft. is down 3% from the same [...]
City of Palos Verdes Estates October 2015 Real Estate Market Report
There are 57 homes listed for sale in the City of Palos Verdes Estates at the end of October, which is 5% less than this time a year ago. The number of homes sold over the last 3 months, averaging 14 sales per month, is down 17% compared to the same period last year . This equates to 4 months of inventory, based on the average sales per month over the last 3 months, historically very low. There are only 9 homes in escrow at the end of October. The following [...]
Rolling Hills Estates October 2015 Real Estate Market Report
The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 17 homes at the end of October, a 19% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 12 sales a month, a 40% increase compareed to the comparable period last year. There are 9 homes in escrow as of the end of October. The following is a list of the 11 homes sold in the City of Rolling Hills [...]