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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 2nd Quarter of 2014 : Properties Sold: 6 Address Sales Price Bd Bth Sqft $/Sq Built ML# Sold Date Days on Market 2413 Via Pinale $1,306,500 4 2.00 1,906 $685.47 1950 SB14047608 4/21/14 45517 Via Media $1,585,000 3 3.00 2,073 $764.59 1955 PV14041058 4/14/14 741612 Via Arriba $2,275,000 3 3.00 3,311 $687.10 1968 PV14042222 6/20/14 711605 Via Arriba $3,050,000 4 4.00 3,514 $867.96 2003 [...]

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 2nd Quarter of 2014: Properties Sold: 23 ( about a 33% increase over the 2nd quarter of 2013 ) Address Sales Price BR BA Sq.ft. $/Sq.ft Yr. Blt. MLS # Dale of Sale Days on Market 27809 Conestoga DR $890,000 4 2.00 1,486 $598.92 1956 PV14011902 4/10/14 8326653 Westvale RD $900,000 3 2.00 1,648 $546.12 1953 PV14081763 5/23/14 2869 Dapplegray LN [...]

The Monte Malaga area of Palos Verdes Estates ( area 162 in map below )had the following real estate market activity for single family residences during the 2nd Quarter of 2014: Properties Sold: 4 Address Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days on Market 1568 Granvia Altamira $1,270,000 3 3.00 1,879 $675.89 1974 SB13232694 4/10/14 1452504 Novato PL $1,550,000 4 3.00 2,554 $606.89 1955 PV14023333 4/21/14 26917 Via Mirada $1,740,000 5 4.00 3,364 $517.24 1964 PV14027117 4/22/14 71309 Via Gabriel $1,750,000 5 4.00 3,252 $538.13 1974 [...]

The City of Rancho Palos Verdes real estate market has been relatively strong but has slowed recently . The number of homes listed for sale at the end of June increased substantially to 95 homes, 25% higher than the same time last year. The monthly average number of properties sold during the last three months of 29 homes, however is down about 19% compared to the similar period last year . There are 45 homes in escrow at the end of the quarter forecasting improving sales. The number of months inventory [...]

Interest rates for buying a home on the Palos Verdes Peninsula increased slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "The ups and downs and fits and starts of the recovery continue. We know the Fed is on an exit path for QE, and we now have the warning shot that short-term rates will be rising in 12 months or less. For the moment, market participants remain sanguine about the prospects for both the timing and trajectory for rates, and we continue [...]

The Palos Verdes Estates real estate market continues to berelatively strong. The number of homes listed for sale in the City of Palos Verdes Estates increased substantially fromJanuary thruJune after falling to very low levels at the end of 2013 . The number of homes listed for sale at the end of June has increased significatly to 63 homes for sale.The average number of homes sold per month during thesecond quarter 2014decreased 7% compared to last year's2nd quarter, averaging 13 sales per month. This equates to about5 months of inventory, a [...]

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 2nd Quarter of 2014: Properties Sold: 18 Address Price BR BA Sq.ft. $/Sq.ft Date Blt MLS # Closing Date Days on Market 2306 Palos Verdes DR W #204 $869,000 3 2.00 1,659 $523.81 1981 SB14070907 6/20/14 1201220 Via Landeta $899,000 2 1.00 1,515 $593.40 1954 PV14098613 6/04/14 172116 Palos Verdes DR W $1,025,000 3 2.00 1,943 $527.53 1955 SB14071217 6/13/14 4101216 Via Landeta $1,050,000 [...]

Port of Los Angeles Lobster Festival Coming Next Weekend When: 5-11 p.m. Sept. 12, 11 a.m.-11 p.m. Sept. 13, 11 a.m.-7 p.m. Sept. 14. Where: Ports O€™Call Village, Berth 76, Nagoya Way, San Pedro. Tickets: $10, free for children 12 and younger. Information: 310-798-7478, lobsterfest.com. For more information about Palos Verdes and South Bay Real Estate and buying and sellinga homeon the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com. I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes [...]

Interest rates for buying a home on the Palos Verdes Peninsula increased slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "As it has for much of the spring, the economy seems to be maintaining an upward path. Coupled with a forgiving Federal Reserve slowing removing policy accommodation, this has resulted in record highs for major stock market indices, while the global investor search for yield and to keep funds out of harm's way has helped U.S. interest rates to remain low. We [...]

Interest rates for buying a home on the Palos Verdes Peninsula increased slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "As it has for much of the spring, the economy seems to be maintaining an upward path. Coupled with a forgiving Federal Reserve slowing removing policy accommodation, this has resulted in record highs for major stock market indices, while the global investor search for yield and to keep funds out of harm's way has helped U.S. interest rates to remain low. We [...]

Interest rates for buying a home on the Palos Verdes Peninsula increased slightly this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "In the cycle of interest rates, what goes up must eventually come down. The reverse is also true; what goes down will inevitably reverse course -- sometimes gently, sometimes more violently. At the moment, we appear to be trending more gently upward, with rates pressed in that direction by mostly solid economic data. In reality, absent dire economic or political news, rates [...]

Debt Forgiveness - Federal and California Tax Issues For most states, other than California as explained below, if you borrow money from a commercial lender and the lender later cancels or forgives the debt, you may have to include the cancelled amount in income for tax purposes, depending on the circumstances. When you borrowed the money you were not required to include the loan proceeds in income because you had an obligation to repay the lender. When that obligation is subsequently forgiven, the amount you received as loan proceeds is normally [...]

The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of May of 174 properties is 28% greater than the same time last year, however the average number of homes sold per month of 52 over the last 3 months is about 20% lower than the comparable period last year. Pending sales in escrow have recently increased considerably, however, with 66 homes in escrow at the end of May, forecasting stronger sales over the next two months. Click Here for a search for all homes [...]

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) is 20 homes at the end of May, a 17% increase from the prior year. The number of properties sold monthly over the last 3 months is averaging 10 sales a month, 9% less than the comparable period last year, however there was a substantial increase of sales in May totaling 17 homes sold. There are 12 homes in escrow as of the end of May however, a substantial increase [...]

The City of Rolling Hills had the following real estate market activity for single family residences during May 2014: Properties Sold: 1 Address Sales Price Bd Bth Sqft $/Sq Yr Built MLS# Sold Date Days to Sell 14 Georgeff RD $2,438,500 4 4.00 4,040 $603.59 1960 PV14033047 5/23/14 207 Properties for Sale as of 5/31/14: 22 Click Here for Current Search for homes for Sale in Rolling Hills. Sales have been averaging 1 homes sold per month over the last 3 months. Average List Price at 5/31/14 $ 6.9 million Average [...]