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Malaga Cove (Area 163 in map below) was the first area developed on the Palos Verdes Peninsula and was built in the 1920's as part of one of the first master planned communities in the country. The City of Palos Verdes Estates was initially known as the Palos Verdes Project and was governed by a homeowners association until it was incorporated in 1940. Any exterior changes to homes must still be reviewed and approved by a local art jury to maintain the consistency of architectural style throughout the City. Most of [...]

The Los Cancioneros Master Chorale Holiday Family Concert and carol sing-a-long will be held this evening at 7:30 pm at the Armstrong Theatre in Torrance. The theatre is located at 3330 Civic Center Dr., Torrance. LCMC is a mixed chorus that performs in the South Bay region of Los Angeles County with a repertoire that ranges from classical to modern. 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 https://www.maureenmegowan.com . I try to [...]

Interest rates moved down slightly again this week to new record lows .The following are excerpts from the newsletter on interest rates published by HSH Associates : "At the moment, and regardless of any declared finish line, mortgage and other interest rates are going nowhere fast. . . . monetary policy will remain largely on hold until the unemployment rate moves toward 6.5% and/or inflation moves above 2.5%. Even if these official benchmarks aren't attained, the Fed may change policy if expectations for future inflation become less "anchored", or the attainment [...]

Santa Claus will visit Palos Verdes Estates at both Lunada Bay and Malaga Cove Plaza. He will first visit Lunada Bay Plaza on Thursday December 20th from 5 to 7 pm. Then on Monday, Deember 24th, he will arrive at Malaga Cove Plaza at 6 pm. Bring all of your good litlle boys and girls to see Santa !! 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 https://www.maureenmegowan.com . I try to make [...]

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 of65 homes is down significantly with the average number of homes for sale having decreased approx. 37% compared to the end of November last year. Click here for a current search of homes for Sale in Rancho Palos Verdes. Scroll down to see entire report. Nov. 12 Oct. 12 Curnt vs. Prev Month % Change Nov. 12 Nov. 11 Curnt vs. [...]

The number of homes listed for sale in the City of Palos Verdes Estates dropped significantly at the end of 2011, and remains very low. with only 37 homes listed for sale at the end of October, which is 50% lower than the same time a year ago. The number of homes sold over the last 3 months, averaging 12 sales per month, is the same as the same period last year. This equates to only about 3 months of inventory.The number of homes in escrow at the end of the [...]

Manhattan Beach Holiday Fireworks Festival Date: 12/9/2011 4:00 PM - 8:00 PM Cost: Free Location: Manhattan Beach PierManhattan Beach, California 90266 24th Annual Manhattan Beach Holiday Fireworks Sunday, December 9, 2012 - Rain or Shine The Manhattan Beach Holiday Fireworks Festival is held at the Pier every year in December. This year's Fireworks Festival will take place on December 9, 2012 and will include the following events: Bring blankets, beach chairs and coolers to pick a spot for the spectacular show. The Holiday Fireworks are expected to go forward, rain or [...]

The average number of properties listed for sale for the overall Palos Verdes Peninsula during the last 3 months is approx. 38% lower than the comparable period last year. Single Family home sales for the overall Palos Verdes Peninsula Real Estate Market have improved and the average number of homes sold per month of 54 over the last 3 months is about 23% higher than the comparable period last year . Pending sales in escrow have been strong , with 65 homes in escrow at the end of November, forecating continuing [...]

The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 28 units has shrunk significantly over the last 12 months, and is down approx. 37% compared to a year ago. The average number of sales per month over the last 3 months of 10 units per month is up 11% from a year ago,with 10 units sold in November. There are only 6 units in escrow at the end of November, however. Click here for a current search for condos and townhomes available for purchase on the Palos [...]

Interest rates moved down slightly again this week to new record lows .The following are excerpts from the newsletter on interest rates published by HSH Associates : "A combination of mixed economic news and an ever-impending fiscal cliff pushed mortgage rates down just a little this week. Hurricane Sandy's distortion of some of the latest economic date make it hard to clearly discern the underlying trend, but there's nothing we can see which suggests that any imminent spurt of growth is forming anywhere. The Federal Reserve meets next week to discuss [...]

Come celebrate the 2012 Christmas season on Candy Cane Lane in El Segundo. As they have since 1949, single-family homes lining the street will be decked out in lights, and their front yards covered in decorations. In the past, visitors have been treated to train displays and movie- and airport-themed decor. Opening night is on Saturday, December 8 at 7 PM with a visit from Santa Claus! Candy Cane Lane is located on the 1200 Block of East Acacia Avenue and will be open from 7-9 PM each night (weather permitting) [...]

The inventory of homes for sale on the Palos Verdes Peninsula is down 46% from August 2011 and represents only a 3 month inventory . A 6 months supply of homes is considered normal in a market in equilibrium. The peak number of months of unsold homes nationally was reached in October 2008 at a 10 month inventory. Pending sales of homes on the Palos Verdes Peninsula at the end of October equals almost half of the current inventory. What is causing this lack of inventory of homes for sale? Sales [...]

December 15, 2012 €¢ 8pm Holiday Pops Spectacular Golden State Pops Orchestra, conducted by Maestro Steven Allen Fox with the Golden State Pops Chorale, led by Maestra Marya Basaraba Inside the Warner Grand Theatre in downtown San Pedro The Golden State Pops Orchestra and the GSPO Chorale present a Holiday POPS Spectacular at 8 p.m. Dec. 15 at the Warner Grand Theatre in San Pedro. Maestro Steven Allen Fox will lead the orchestra and 40-voice choir in a performance of great holiday film music. Included will be favorites from films such [...]

Bo Derek, star of the film €œ10, € will be the grand marshal for the Redondo Beach King Harbor Christmas Boat Parade to be held at 5:30 p.m. Saturday, Dec. 15. The theme of this year €™s event will be €œA Christmas Wish. € This 21st annual parade will feature awards for sweepstakes, execution of theme, costumes, lighting, best sailboat, best powerboat and best in fleet. In the past Redondo's event has overlapped with Marina del Rey's, the hope now is that some boaters may join both parades. The boat Das [...]

Santa Claus will visit neighborhoods in Rancho Palos Verdes Dec. 4-23 as part of the tour sponsored by the Lomita Sheriff's Station. His scheduled stops will be marked with €œSanta Stops Here" signs. For more information, email Sgt. David Rozas at the Lomita Sheriff €™s Station at [email protected]. Here's a list of route stops: Dec. 4: 5:30-8:30 p.m. in the Dodson area (Montereina Avenue, Avenida Aprenda, Pontevedra Drive, Toscanini Drive) Dec. 8: 5:30-8:30 p.m. in the Caddington and Strathmore areas Dec. 15: 5:30-9 p.m. in the upper Grandview area (Basswood Drive, [...]