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The average number of properties listed for sale for the overall Palos Verdes Peninsula during the last 3 months is approx. 36% 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 58 over the last 3 months is about 2% higher than the comparable period last year . Sales per month over the previous 5 months had continued to increase, however decreased to 47 sales in July 2012. [...]

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. [...]

My husband Bruce and I just got back from a wonderful eastern Mediterranean cruise which took us to Kotor Montenegro, Athens, Istanbul, Ephesus Turkey, Santorini, and Split Croatia. It was a fantastic trip and we saw some unbelievable sites !!! The cruise was on Holland America. Oia/Santorini Oia/Santorini Bruce and I overlooking Acropolis Athens View from Rialto bridge in Venice Virgin Mary house in Ephesus Turkey My husband and I at ruins of huge amphitheatre in Ephesus Turkey Blue Mosque in Istanbul Entrance to Grand Bazaar in Istanbul Hagia Sophia / [...]

The Eastview area of Rancho Palos Verdes ( area 177 in map below) had the following real estate market activity for single family residences during the 2nd Quarter of 2012 : Properties Sold:9 Address Sales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 2147 W General ST $527,100 3 2.00 1,409 $374.10 1955 V12011729 4/30/12 121922 Avenida Aprenda $609,000 3 2.00 1,568 $388.39 1959 V12039050 5/17/12 4828601 Mount Shasta DR $615,000 4 2.00 2,310 $266.23 1974 S11152481 5/08/12 16728709 Mount Shasta DR $615,000 3 3.00 1,768 $347.85 [...]

The Silver Spur area of Rancho Palos Verdes and Rolling Hills Estates (Area 176 in map below) had the following real estate market activity for single family residences during the 3rd Quarter of 2012 : Properties Sold: 13 AddressSales Price BR BA Sq.ft. $/Sq.ft Yr.Blt. MLS# Sold Date Days on Mkt. 26851 Grayslake RD $733,000 3 2.00 1,395 $525.45 1960 R12037428/31/12 19 5304 Ironwood ST $745,000 3 2.00 1,671 $445.84 1956 V12060651 9/27/12 130 5314 Montemalaga DR $750,000 3 2.00 1,780 $421.35 1962 S12057435 8/15/1210 26760 Shadow Wood DR $760,000 3 [...]

The Palos Verdes Dr. East area of Rancho Palos Verdes ( area 167 in map below )had the following real estate market activity for single family residences during the 3rd Quarter of 2012 : Properties Sold:20 AddressPrice Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market 2160 Via Colinita $200,000 0 1.00 663 $301.66 1956 S12045245 7/25/12 103 16 Stirrup RD$650,000 3 2.001955 S12069928 9/28/12136 2049 Suana DR $770,000 3 2.00 1,584 $486.11 1959 V12091750 9/17/12 56 17 Goldenspur LN $810,000 3 2.00 2,042 $396.67 1957 [...]

The Mira Catalina area of Rancho Palos Verdes ( area 168 in map below ) had the following real estate market activity for single family residences during the 3rd Quarter of 2012 : Properties Sold:7 AddressPrice Bd Bth Sq ft $/Sq Yr. Blt. MLS# Date of Sale Days on Market 3520 Bendigo DR $729,000 4 3.00 2,615 $278.78 1965 S12078483 7/23/12 2 3675 Cliffsite DR $759,500 4 3.00 2,244 $338.46 1969 S12021802 9/26/12 188 30637 Ganado DR $835,000 4 2.00 2,074 $402.60 1967 V12072832 7/19/1242 3420 Coolheights $1,100,000 4 3.00 2,244 [...]

Zillow announced the results of the December 2011 Zillow Home Price Expectations Survey. Each quarter, an expert panel of more than 100 leading economists shares its views regarding expectations for future home prices in the United States. Although projecting some price softening in national markets during 2012, the end of the housing recession appears within sight. This quarter, the consensus among the panel is that U.S. home values will continue to fall until late 2012 or early 2013. After 2013,forecasts call for a relatively steady annual appreciation rate of around three [...]

Many people know that the limit for loans purchased by Fannie Mae and Freddie Mac was recently reduced from the limit of $729,750 in high cost areas down to the former limit of $ 625,500 , however many missed the fact that Congress recently passed legislation maintaining the higher loan limits for FHA mortgages. In late November, Congress reinstated the loan limit formula and maximum cap for Federal Housing Administration-insured loans for two years. The provision reinstates the FHA loan limits through 2013 at 125 percent of local area median home [...]

The following article was published in the Los Angeles Times today and provides some great information on loan options many people believe are no longer available. By Kenneth R. Harney Reporting from Washington €” Could gloomy popular assumptions about how tough it is to get approved for a mortgage be scaring away large numbers of qualified people? Could the same worries €” I can't come up with the big down payment I need, my credit scores are too low, my bank account has almost none of the "reserves" lenders want to [...]

Palos Verdes Estates is one of the most beautiful cities in the world to live. The Palos Verdes Peninsula is also one of the wealthiest communities in the country, as described in the Los Angeles Business Journal. Palos Verdes Estates has an extremely interesting history and it is one of the best examples of city planning and controlled growth of any small to medium sized city in the United States. Palos Verdes has only a limited number of entrances to the city, and many of the streets end at the city [...]

SPORTS, PARKS AND RECREATION ON THE PALOS VERDES PENINSULA Golf FacilitiesLos Verdes Country Club --- 310-377-7888Palos Verdes Golf Club --- 310-375-2533Rolling Hills Country Club --- 310-326-4343Trump National Golf Club --- 310-265-5000Terranea Resort - 310-265-2755See Golf on the Palos Verdes Peninsula for information and critiques on the Palos Verdes Peninsula golf club facilities Equestrian FacilitiesChandler Park (call RHE City Hall) --- 310-377-1577Dapplegray Park(call RHE City Hall) --- 310-377-1577 Located at the northwest corner of Palos Verdes Drive North and Palos Verdes Drive East.Empty Saddle Club --- 310-377-9059 Located at 39 Empty Saddle [...]

Interest rates reached new historical lows this week. With the volatility in the stock market expected to continue, the flight to safety and bonds is expected to continue, keeping interest rates down The following are some excerpts from this week's newsletter on interest rates from HSH Associates : "With just a slight wobble downwards, mortgage rates set new record lows this week. A modestly growing domestic economy is producing little upward pressure for rates, while downward force from the Eurozone trouble is a considerable counterbalance. Slack seasonal demand for funds may [...]

The following is my Palos Verdes Peninsula November 2011 Condo and Townhome Real Estate Market Report Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago Nov. 11 Oct. 11 % Change Nov. 11 Nov. 10 % Change Sep. 11 to Nov. 11 Sep. 10 to Nov. 10 % Change For Sale 45 48 -6.2% 45 70 -35.7% 49 73 -32.9% Sold 14 4 250% 14 8 75% 9 10 -10% Pended 13 14 -7.1% 13 9 44.4% 13 9 44.4% The inventory [...]