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The number of properties on the market in Rolling Hills Estates ( including the unincorporated area of Palos Verdes Peninsula ) has decreased substantially this year down to only 15 homes, a 40% decrease from the prior year. The number of properties sold monthly has increased substantially over the last 3 months, averaging9 sales a month, a 350% increase over the comparable period last year . There are 6 homes in escrow as of the end of January. Click Here for a current search of homes for Sale in Rolling Hills [...]

The real estate market in the City of Rancho Palos Verdes has been very active, with sales strong and inventory down . The level of inventory of homes for sale of48 homes is down significantly with the average number of homes for sale having decreased approx. 54% compared to the end ofJanuary last year. Click here for a current search of homes for Sale in Rancho Palos Verdes. Scroll down to see entire report. Jan. 13 Dec. 12 % Change Curnt vs. Prev Month Jan. 13 Jan. 12 % Change Curnt [...]

The following is an article that appeared in the Los Angeles Times today by Kenneth R. Harney: If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Because of an ongoing series of fee increases and underwriting tweaks, those mortgages are getting steadily more expensive and may not work for you.The Federal Housing Administration is the largest source of low-down-payment mortgage money in the country. Its minimum down is just 3.5%, compared with 5% to 20% or more from conventional, non-government sources. [...]

The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 40 units increased sharply during the month, but is still down approx. 22% compared to a year ago. The average number of sales per month over the last 3 months of 10 units per month is unchanged from a year ago,with 10 units sold in January. There are 14 units in escrow at the end of January, however. Click here for a current search for condos and townhomes available for purchase on the Palos Verdes Peninsula.. Make sure [...]

The following is a list of the 11 homes sold during the month of January 2012: Address Sales Price Bd Bth Sqft $/Sq Yr. Built ML# Sold Date Days on Market 2872 Via De La Guerra $940,000 3 2.00 1,617 $581.32 1956 PV12138536 1/31/13 22 2640 Via Pacheco $995,000 3 2.00 1,477 $673.66 1953 PV12135722 1/14/13 75 1000 Via Romero $ 1,275,000 4 3.00 2,344 $543.94 1965 PV12147023 1/07/13 23 2108 Paseo Del Mar $2,255,000 4 3.00 2,250 $1,002 1956 PV12144304 1/23/13 24 1116 Via Nogales $914,000 4 2.00 1,760 $519.32 [...]

THE REDONDO BEACH PIER There have been 7 piers constructed on the Redondo Beach shoreline over the years. Between 1889 and 1903, three piers were constructed to service freight activity when Redondo Beach was competing against the San Pedro harbor for dominance. Wharf 1 was constructed at Emerald Street in 1889, Wharf 2 was built in 1895 just south in front of the Hotel Redondo, and Wharf 3 was built south of Wharf 2 near Sapphire and Topaz Streets in 1903. The Sante Fe railroad provided rail service to the piers. [...]

Interest rates stayed about the same last week .The following are excerpts from the newsletter on interest rates published by HSH Associates : "After several weeks of being boosted by good news, the rise in mortgage rates seems to have run out of steam. Without a continuing stream of improving economic data, there just isn't enough momentum to create a sustained rise. The rally in stock markets which has attracted investor cash seems to have come to a halt, too, and it wouldn't surprise us at all if we saw some [...]

Interest rates moved up slightly last week .The following are excerpts from the newsletter on interest rates published by HSH Associates : "Moderately good economic news continues to press mortgage rates higher, as investors both here and around the world move their money from safe-haven investments in bonds and into riskier assets such as equities. Major stock market indexes across the globe put in some of their best January gains in years, all coming at the expense of bonds, whose yields rise as investor demand wanes. Even with its massive balance [...]

As reported in the Daily Breeze article by Nick Green: Developer Jim York says he hopes to start work within a month on his Rancho Palos Verdes hillside property where he plans an organic farm with avocado grove, vineyard, nine-hole golf course and event garden. (File photo) A vacant 94-acre Rancho Palos Verdes tract where dozens of homes could have risen will instead accommodate an organic farm, golf course and outdoor dining and reception area. Developer Jim York - who headed a real estate investment group that bought and sold the [...]

Promoting creative growth through the study of the performing arts so students can become strong, confident and successful is a significant goal of the Norris Center in Rolling Hills Estates. Coursework in the disciplines of dancing, acting, voice and musical theatre are part of a larger learning experience that come through student participation in full-scale stage productions. A professional creative team auditions and rehearses the students to bring you the best young actors on a professional stage, settings and costumes. FOOTLOOSE: THE MUSICAL This high-energy Broadway musical is based on the [...]

Join more than 9,000 race enthusiasts at Southern California €™s greatest Super Bowl Celebration! Now in its 35th year, the Redondo Beach Super Bowl Sunday 10K/5K Run/Walk is a great way to celebrate the biggest day in sports and enjoy the picturesque sites of Redondo Beach: the Pacific Ocean, the Redondo Beach Historic Pier, the Marina in King Harbor, the Wyland whale mural, ocean breezes, fresh air and beautiful Southern California winter weather. Run, walk, or stroll in the Redondo Beach Super Bowl Sunday 10K Run, 5K Run/Walk or Baby Buggy [...]

The original master plan for the Palos Verdes Project, which now includes the City of Palos Verdes Estates, envisioned three major business centers in Malaga Cove, Valmonte, and Lunada Bay, with minor business centers in Margate, Miraleste, and Montemalaga. Malaga Cove Plaza was the first of those constructed. The Original Conceptual Design of Malaga Cove Plaza was done by Webber, Stanton and Spaulding, Architects, who designed the first two buildings constructed in the mid 1920 €™s. Construction of the first commercial building in Malaga Cove began in 1924, and was completed [...]

Most real estate agents assume that good economic news will help the real estate market. In some respects, it will, as buyers become more confident in the economy and their job security and move from the side lines and actively look at buying property. One significant impact that an improving economy will have,however, especially when the Federal Reserve decides that they no longer need to keep interest rates low to stimulate the economy, is that mortgage interest rates are bound to increase. As interest rates increase, the ability of buyers to [...]

THE RED CAR LINE Henry Huntington was a very major real estate developer and public utility system tycoon in southern California. In 1901 Huntington formed the Pacific Electric Railway ( €œPE €) to serve his real estate development aims in the Los Angeles area. The largest of the suburban electric railways operating out of downtown Los Angeles in the early 1900s was not Huntington's Pacific Electric but the Los Angeles Pacific ( €œLAP €).The heads of LAP also had extensive real estate development projects in Hermosa Beach, Manhattan Beach, Playa del [...]

The West Palos Verdes area of Rancho Palos Verdes ( area 170 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2013 : Properties Sold: 1 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 30715 Rue Valois $1,218,500 4 3.00 2,113 $576.67 1960 PV13094114 7/26/13 322 Average Sales Price of homes sold during 3rd quarter: $ 1.2 million Properties for Sale as of 9/30/13: 13 ( 13 months of inventory based upon the average [...]