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Prior to El Segundo's incorporation in 1917, this area was part of the original Spanish land grant for "Rancho Sausal Redondo" ("Ranch of the Round Clump of Willows") in 1822, a rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach. The land consisted of wheat and barley fields on which cattle and sheep grazed. In May 1911, five men representing the Standard Oil Company [...]

The City of Torrance was founded on May 31, 1911 by Jared Sidney Torrance and Associates by the purchase of 2,791 acres of land from the Dominguez Estate Company for $976,850. Susana Dominguez del Amo sold an additional 730 acres to Torrance for $350 per acre. This land was originally a small part of the Spanish land grant called Rancho San Pedro, given to Juan Jose Dominguez in 1784. At its inception, this planned industrial town provided housing for 500 people. Jared Torranc In March 1912, Torrance had originally proposed that [...]

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 : "The upward trend for mortgage rates which began following the October employment report some eight weeks ago has continued into the first week of the new year.There was little fresh economic news out to push markets around, and with another mid-week holiday it's to be expected that there would be little change in the pattern. The quiet of the holiday season [...]

In 1882, the Rancho de los Palos Verdes land grant once owned by the Sepulveda family was partitioned into 17 parcels as part of a complex legal settlement. The largest share, 16,000 acres which included most of the Palos Verdes Peninsula, went to rancher Jotham Bixby . Bixby built his ranch house near where the Peninsula Center and Avenue of the Peninsula shopping centers currently stand. In 1894, Jotham Bixby €™s son George hired Harry Phillips Sr. to manage the ranch. Phillips built and occupied the first permanent residence on the [...]

The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased to only9 homes at the end ofNovember a 40% decrease from the prior year. The number of properties sold monthly over the last 3 months is averaging9 sales a month, the same as the comparable period last year. Thereare 5homes in escrow as of the end of November. Click Here for a current search of homes for Sale in Rolling Hills Estates. Make sure to scroll down to [...]

The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 36 units has dropped dramatically since last month, but is up approx. 28% 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 up 30% from a year ago. There are 15 units in escrow at the end of November. Click here for a current search for condos and townhomes available for purchase on the Palos Verdes Peninsula.. Make sure and scroll down [...]

The real estate market in the City of Rancho Palos Verdes has been relatively active. The level of inventory of homes for sale of 77 homes at the end of November is up significantly over the last 10 months since decreasing to extremely low levels at the first of the year, with the average number of homes for sale now up about 17% compared to the end of November last year. The average number of homes sold per month over the last 3 months of 33 homes per month, is 3% [...]

The City of Rolling Hills had the following real estate market activity for single family residences during November 2013: Properties Sold: 0 Address Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days to Sell No propertiers were sold in Rolling Hills during the month of November Properties for Sale as of 11/30/13: 12 Click Here for Current Search for homes for Sale in Rolling Hills. Sales have been averaging 2 homes sold per month over the last 3 months. Nov. 13 Oct. 13 Curnt vs. Prev Month % [...]

There are 32 homes listed homes listed for sale in the City of Palos Verdes Estates at the end of November, which is about 3% higher than this time a year ago. The number of homes sold over the last 3 months, averaging 14 sales per month, is 27% higher than sales during the same period last year . This equates to a bit more than2 months of inventory, historically very low.The number of homes in escrow at the end ofNovember, however,is only 11 homes. Click Here for a search for [...]

The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of November of 129 properties is approx. the same as the same time last year. Single Family home sales for the overall Palos Verdes Peninsula Real Estate Market had been improving and the average number of homes sold per month of 58 over the last 3 months is about 7%. Pending sales in escrow have slowed down considerably however, with only 43 homes in escrow at the end of November, forecasting weaker sales over the [...]

King Harbor Boat Parade Saturday a home. I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula.I would love to hear your comments or suggestions.

Santa Claus, with a little help from the Los Angeles County Sheriff's Department Lomita Station, will visit neighborhoods in Rancho Palos Verdes, Lomita, Rolling Hills Estates and unincorporated areas of the Palos Verdes Peninsula throughout the month. Information published by Palos Verdes Patch at http://palosverdes.patch.com/groups/holidays/p/santa-claus-to-visit-rpv-rhe-westfield Photo courtesy Los Angeles County Sheriff's Department Lomita Station, via Nixle.Santa began his journey in the La Rambla area of San Pedro on Sunday, and after a break, he'll start off in RPV at 5:30 p.m. Wednesday. The sleigh will also be in various areas of [...]

Interest rates for buying a home on the Palos Verdes Peninsula remained firm and stayed at two month highs this week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "The Federal Reserve meets next week to discuss the state of the economy, offer updates on its own economic assumptions, and to consider whether or not it's time to start to reduce purchases of mortgage-backed securities (MBS) and Treasury bonds. A recent accumulation of firmer economic data suggests that a change in the program may be [...]

King Harbor Boat Parade Saturday €“ December 14, 2013 Stand- Up Paddle Board Kick-Off at 4:15 PM / Boats at 5:30 PM In its 22nd year, this premier community event harnesses the joy of the holiday season.Brightly decorated boats parade through the marina trying to capture one of the eight eventtrophies. This year €™s theme €œDive into the Season € is a tribute to Bob Meistrell, whose family will be serving as the Grand Marshall. This year for the first time there will be a live internet radio and video telecast [...]

Interest rates for buying a home on the Palos Verdes Peninsula moved back up this week by a bit less than a tenth of a point.The following are excerpts from the newsletter on interest rates published by HSH Associates : "Indications are starting to accumulate that not only was the economy not seriously disrupted by the October government shutdown, but that it wallowed though that mire comfortably and perhaps has begun to accelerate. Although we are by no means rocketing ahead, the more solid nature of the latest set of data [...]