Monday, October 10, 2016
I enjoy taking sunrise walks along the Palos Verdes coastline. Yesterday, by the time I reached the new luxury homes in various states of construction at The Estates at Trump National in Rancho Palos Verdes the sun was illuminating the row of new luxury homes, and I could not help but reach for my iPhone to capture the photo.
Per the Multiple Listing Service information, there are currently two homes for sale priced at $4,299,000 and $5,499,000 at The Estates at Trump National, and two residences in escrow, each priced at $4,499,000, with accepted offers. Records show one sale of $3,600,000 in the past six months for a luxury home on Emerald View Drive. After a slow start in 2005 and coping with the recession and housing market crisis, it appears sales are picking up at Trump National.
The coastal region of Rancho Palos Verdes has several areas of luxury properties with amazing ocean views. However, The Estates at Trump National is one of the few places with lots for sale and also offering new construction for sale. The Palos Verdes Drive South area of Rancho Palos Verdes has become the resort side of the Palos Verdes Peninsula with both Trump National Golf Course and Terranea Resort. Real Estate in the area is benefiting from both additions to the Rancho Palos Verdes landscape.
For more information about luxury properties in Rancho Palos Verdes as well as all other areas on the Palos Verdes Peninsula contact Norma@CharlemagneProperties.com or NormaToering@gmail.com. You may call direct at 310.493.8333 with your real estate questions, wants, and needs. It will be my pleasure to share my knowledge of the area and years of experience in representing buyers and sellers with their Palos Verdes real estate transactions since 1992.
Saturday, October 8, 2016
There's some pleasant news for Palos Verdes luxury homeowners, especially those who have their single family residence for sale, the high-end housing market in Palos Verdes picked up a little steam after languishing during the final months of summer. Supply is still outstripping demand and tipping the balance toward a buyers' market, but Palos Verdes luxury homes continue to sell.
Note the "Little Yellow Dot" on our market snapshot slider for Palos Verdes and the Beach Cities is moving toward the left, after a couple of month of sliding toward a market favoring buyers. The luxury home market in the Beach Cities remains vibrant, and the high-end home market in Palos Verdes is moving back into neutral territory with a more balanced market favoring neither sellers nor buyers.
Palos Verdes Luxury Home Report for October 2016:
There are 55 Palos Verdes luxury homes priced at or above $3,000,000.
13 Palos Verdes luxury residences are in escrow with accepted offers.
43 Luxury homes in Palos Verdes priced above $3,000,000 sold year-to-date.
For more information about Palos Verdes luxury homes contact Norma@CharlemagneProperties.com or call me at 310.493.8333. It will be my please to represent you in the sale of your property or assist you in finding the perfect Palos Verdes luxury residence for you.