Blog

The City of Rolling Hills ( area 166 in map below ) had the following real estate market activity for single family residences during the 4th Quarter of 2012: Properties Sold: 5 Address Sales Price Bd Bth Sqft $/Sq Yr Built ML# Sold Date Days to Sell 86 E Crest RD $1,250,000 5 3.00 3,056 $409.03 1950 V12043038 12/28/12 74 3 Outrider RD $1,967,500 4 4.00 3,000 $655.83 1981 V12048343 10/05/12 185 32 S Middleridge LN $2,870,000 5 5.00 4,183 $686.11 1978 S12085360 10/17/12 80 80 Saddleback RD $3,500,000 3 3.00 [...]

Interest rates moved up slightly last week .This week, the Consumer Finance Protection Bureau finally released long-awaited standards to define a "Qualified Mortgage". One key result is that interest only loans will probaly disappear by 2014.The following are excerpts on this published by HSH Associates : "For the most part, the regulation seemed merely a codification of present industry practices and so didn't contain too many surprises. It's important to remember that such regulations occur to address the issues of the past, whether or not they still exist, and that, for [...]

The number of homes listed for sale in the City of Palos Verdes Estates dropped significantly at the end of 2011, and remains extremely low. with only 22 homes listed for sale at the end of the fourth quarter, which is 46% lower than the end of the 4th quarter a year ago. The average number of homes sold per month during this same period has stayed about the same as last year's 4th quarter, averaging 11 sales per month. This equates to only about 2 months of inventory.The number of [...]

OCEAN VIEW CONDO FOR SALE 3200 LA ROTONDA DR. #511, RANCHO PALOS VERDES LISTED FOR $ 642,800 Prime Location and spectacular Ocean, Catalina and Coastline Views from this beautifully renovated 2 bedroom and 2 bath 1,373 SF Condo home. Located in the desirable Ocean Terrace Complex overlooking the Trump National Golf Course. The renovation included all new windows, kitchen and baths with custom cabinetry, granite counters & marble and stone backsplash, Electrolux stainless steel appliances, washer & dryer, all new plumbing, recessed lighting, smooth ceilings, crown moldings & baseboards, custom cherry [...]

Interest ratesmoved up slightly last week.The following are excerpts from the newsletter on interest rates published by HSH Associates : "The first week of the new year brought perhaps half a deal on resolving the "fiscal cliff", but many hard choices and fights are yet to come. The deadline for the spending "sequester" -- automatic cuts in government outlays -- was kicked down the road by two months, when there will also be a battle over raising the nation's debt limit. Stock markets cheered the news of a deal, and if [...]

The fiscal cliff tax legislation passed a view days ago did include a couple of things positively affecting real estate. The Debt Forgiveness Act of 2007 was extended for another year, so homeowners lucky enough to secure a loan modification which included principal reduction, a short-sale or an underwater deed-in-lieu transaction won't find the tax man looking for a non-existent cut of the "gift" from lender to borrower. As the short-sale issue is likely to be with us for years to come, the break should probably be permanently extended. California still [...]

The Palos Verdes Transit will be offering free bus rides on New Year €™s Eve to Palos Verdes residents. This bus service is available from 6:00 p.m. to 2:00 a.m. This service is free for anywhere on the Palos Verdes Peninsula. PV Transit will pick you up from your own home and return you there at the end of the evening. Call (310) 544-3710 between the hours of 9:00 a.m. and 2:00 p.m. If you are unable to call ahead, you can also call on December 31st for evening reservations. Have [...]

Remax Palos Verdes Realty is now RE/MAX Estate Properties. There were three different company names (Remax Palos Verdes Realty, Remax Execs and Remax Beach Cities) for my 600 fellow company agents and now we are all united under one name €“ RE/MAX Estate Properties. Below is a portion of the newspaper article announcing the change. RE/MAX offices in the South Bay and Westside of Los Angeles are owned and operated by the Sanders Family. With the 13 residential and 2 commercial real estate offices and 600 agents servicing a far reaching [...]

Athens will pick up trees from the curb Dec. 26 through Jan. 11 in Palos Verdes Estates on regular trash pickup days. The same rules apply for the other Palos Verdes cities -- no decorations, no tree stands and trees over 6 feet tall must be cut in half. For those who miss the tree pickup time frame, trees can be cut into pieces and placed in yard waste containers.For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, [...]

EDCO, the city's waste hauler, will collect trees from the curbs of single family residences on regular collection days starting on Dec. 26 and ending on Jan. 11. The waste hauler requires that all trees be free of decorations and tree stands before pickup. Trees taller than 6 feet must be cut in half. All trees should be placed in the green recycling carts or bundled together for collection. If bundled, the bundle should not exceed 4 feet by 18 inches. Flocked trees as well as other organic decorations will also [...]

Rolling Hills Estates Residents can recycle their Christmas trees by placing them at the curb on regularly scheduled trash collection days. Waste Management will collect the trees Dec. 26 through Jan. 16. All decorations, tree stands, plastic containers and tinsel must be removed from the tree before collection. Flocked trees will be accepted. Any questions about tree removal should be directed to Waste Management at310-677-6500 .For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at [...]

While the holiday season may be winding down, the gray whale watching season is just starting to ramp up. The following info was published in the following Palos Verdes Patch article: "On Wednesday, the Cabrillo Whalewatch program officially kicked off the gray whale watching season by running a training trip for its volunteers aboard Redondo Beach's Voyager. Those volunteers, once trained, will help narrate whale watching expeditions that run from local ports such as Long Beach and Redondo Beach's King Harbor. The gray whales regularly pass through Southern California waters on [...]

Merry Christmas to You and Your Family, and Have A Blessed 2013 !! The Megowan Family, Kevin, Brendan, Maureen, Bruce and Ryan 2012 has been a wonderful year for me and my family. My business has been great, and my boys are all doing well ( One still in college and the other two off the payroll ). Wishing you all the best for a healthy and prosperous New Year. For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes [...]

Valmonte(Area 164 in below map) is a neighborhood on the eastern edge of Palos Verdes Estates (turn left when entering the city from Redondo Beach at the "Y"). This area is characterized by the lush canopy of eucalyptus trees, and the Palos Verdes Golf Club and Tennis Club which is in the center of the Valmonte area. It is also home of the Palos Verdes Stables. The Valmonte area of Palos Verdes Estates is a totally unique neighborhood in the Los Angeles area. Groves of towering eucalyptus trees provide a unique [...]

Monte Malaga: (Area 162 in map below) is a wonderful area of Palos Verdes Estates . It is a hilly area above both Malaga Cove and Lunada Bay with many of the homes having spectacular views. Many view lots in this area enjoy the "queen's necklace" view of the South Bay Beaches and Santa Monica Bay. There are no townhomes or condominiums in this neighborhood.The homes tend to be either ranch style or Mediterranean style homes , many with tile roofs. It is relatively centrally located on the Palos Verdes Peninsula [...]