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City of Rolling Hills 3rd Quarter 2015 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 3rd Quarter of 2015: Properties Sold: 5 ( Compared to 6 sales in the comparable quarter last year ). 4 propeties are in escrow at the end of September. Average Sales Price during the 3rd Quarter 2015: $4.8 million, 75% higher than the prior years comparable quarter. Average List Price at 9/30/2015: $6.9 million Properties for Sale as of 9/30/2015: 20 ( 10 months inventory based [...]
Malaga Cove Area of PVE 3rd Quarter 2015 Real Estate Market Report
The Malaga Cove area of Palos Verdes Estates (area 163 in map below) had the following real estate activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 8 Malaga Cove Homes Number of Properties Listed for sale as of 9/30/2015: 11 (4 months inventory based on the average monthly sales of 3 homes during the third quarter). Average List Price at 9/30/2015: $3.8 million Average Price per Sq. Ft. for Properties Sold during 3rd quarter: $824 per sq. ft., however due to the small number of sales, [...]
Lunada Bay Area of PVE 3rd Quarter 2015 Real Estate Market Report
The Lunada Bay area of Palos Verdes Estates (area 160 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2015: Properties Sold: 27 Average Sales Price of homes sold during 3rd quarter: $2.0 million Properties for Sale as of 9/30/15: 24 (equal to 4 months inventory based upon average monthly sales of 6 homes for the 3rd quarter). The number of homes for sale is down approx. 14% from a year ago Average List Price at 9/30/15: $2.7 million Average Price [...]
Rancho Palos Verdes 3rd Qtr. 2015 Real Estate Market Report
The City of Rancho Palos Verdes real estate market has been relatively strong . The number of homes listed for sale at the end of September increased to 121 homes and is 25% higher than the same time last year. The monthly average number of properties sold during the last three months of 35 homes, is down about 12% compared to the similar period last year. There are 36 homes in escrow at the end of the quarter.The number of months inventory is between 3 and 4 months of inventory. The [...]
City of Rancho Palos Verdes August 2015 Real Estate Market Report
The level of inventory of homes for sale of 116 homes in the City of Rancho Palos Verdes at the end of Augustis downabout 11% compared to the end of Augustlast year. The average number of homes sold per month over the last 3 months of 39 homes per month, is up 3% compared to the same3 month period last year. There are 43 homes in escrow at the end of August. The following is a list of the 29 homes sold during the month of August2015: The average price per [...]
Lunada Bay Entertainers Dream Family Home
I have a great new listing of a wonderful family home in the Lunada Bay area of Palos Verdes Estates. Entertainers Dream Family Home2324 Via Anacapa, Palos Verdes Estates, CA 90274Listed at $1,799,000MLS # PV15208691 Fabulous 4 br 2.5 baths 2,820 sq. ft family home in Lower Lunada Bay. Perfect location two blocks from the ocean top bluffs of Lunada Bay and walking distance to all three local elementary, intermediate and high schools and two blocks from the Lunada Bay Shopping Center with great restaurants, shops, market, etc. Private Tranquil gated [...]
Interest Rates Move Down
Interest rates for buying a home on the Palos Verdes Peninsulamoved down this week to interest rate lows last seen in May 2013.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Financial markets provided a fresh example this week that periods of quiet can quickly come to a close. A spate of fresh worries about the effects of low and falling oil prices and concerns that the Euro may face an existential crisis prompted a full-on flight to quality and safety buy of U.S. Treasuries, [...]
Palos Verdes 4th Qtr. 2014 Condo/Townhome Real Estate Market Report
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 39 units is up approx. 3% compared to this time a year ago. The average number of sales per month over the last 3 months of12 units per month is 8% lower than a year ago. There are 10 units in escrow at the end of December, however. The average price per square foot of condos and townhomes sold on the Palos Verdes Peninsula over the last 3 months of $393 per sq. ft. is up approx. 5% [...]
City of Palos Verdes Estates August 2015 Real Estate Market Report
There are 40 homes listed for sale in the City of Palos Verdes Estates at the end of August, which is 33% less than this time a year ago. The number of homes sold over the last 3 months, averaging 20 sales per month, is up 11% compared to the same period last year . This equates to 2 months of inventory, based on the average sales per month over the last 3 months, historically very low. There are 30 homes in escrow at the end of August. Properly priced homes [...]
City of Rancho Palos Verdes August 2015 Real Estate Market Report
The level of inventory of homes for sale of 116 homes in the City of Rancho Palos Verdes at the end of Augustis downabout 11% compared to the end of Augustlast year. The average number of homes sold per month over the last 3 months of 39 homes per month, is up 3% compared to the same3 month period last year. There are 43 homes in escrow at the end of August. The following is a list of the 29 homes sold during the month of August2015: The average price per [...]
Palos Verdes Peninsula ( All Cities ) August 2015 single family real estate market report
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of August of 204 properties is 6% lower than the same time last year, however the average number of homes sold per month of 74 over the last 3 months is 7% higher than the comparable period last year. There are 87 homes in escrow at the end of August. The average price per sq. ft. for homes sold over the last 3 months of $620 per sq. ft. is up 9% from the same [...]
Great New Valmonte Home Listing
I have a wonderful new listing in the Valmonte "Grove Section" of Palos Verdes Estates. 3021 Palos Verdes Drive North , Palos Verdes Estates, CA Listed for $1,338,000 MLS # PV15197854 Open House Sat/Sun 9/12 & 9/13 1 to 4 pm Valmonte "Grove" Section - Don't miss this home with Palos Verdes Golf Course views across the street! This rustic light and bright modern style home has 4 bedrooms and 2.5 baths, 1,799 Sq. ft. and hardwood floors throughout. Most of the home has doors or windows surrounding a gorgeous tiled [...]
Great New Valmonte Home Listing
I have a wonderful new listing in the Valmonte "Grove Section" of Palos Verdes Estates.3021 Palos Verdes Drive North , Palos Verdes Estates, CAListed for $1,338,000MLS # PV15197854Open House Sat/Sun 9/12 & 9/13 1 to 4 pmValmonte "Grove" Section - Don't miss this home with Palos Verdes Golf Course views across the street! This rustic light and bright modern style home has 4 bedrooms and 2.5 baths, 1,799 Sq. ft. and hardwood floors throughout. Most of the home has doors or windows surrounding a gorgeous tiled courtyard, the heart of this [...]
Mortgage Interest Rates Unchanged for the week
Interest rates for buying a home on the Palos Verdes Peninsula were unchanged for the week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates wobbled about this week, mostly directionless with average rates for some products easing slightly and some ticking higher. The financial markets did have an unexpected event to manage as China's central bank devalued the yuan in an attempt to stimulate an economy that's growing more slowly than they would prefer. Such a move -- as in currency devaluations that [...]
Rolling Hills Estates July 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 25 homes at the end of July, a 14% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging 9 sales a month,a 31% decrease compareed tothe comparable period last year. There are 17homes in escrow as of the end of July. The following is a list of the 8 homes sold in the City of Rolling Hills Estates ( including [...]