Tuesday, November 28, 2017

Rancho Palos Verdes Coastal Homes For Sale

Tuesday is tour day for new listings in Palos Verdes. This morning, the list is rather short due to entering the after Thanksgiving holiday countdown, and the seemingly permanent condition of inventory shortage for Palos Verdes and other cities in the South Bay of Los Angeles. Today, there is only one new listing I need to preview for a prospective buyer. However, on the upside, it's a gorgeous day, so perhaps as I meander along Palos Verdes Drive South, I will capture a few more coastal photos I can use on my blog to display the beauty of our Southern California coastline.

The City of Rancho Palos Verdes currently has sixty-nine single-family homes listed for sale on the Multiple Listing Service. Twelve of the properties for sale in Rancho Palos Verdes are listed at or above $3,000,000, placing them in the Palos Verdes luxury home category. The least expensive single family home listed for sale in Rancho Palos Verdes is located in the Eastview neighborhood (near Western Avenue) with a list price of $734,000.

The Palos Verdes Drive South area of Rancho Palos Verdes is home to Terranea Resort, and Trump National Golf Course with several new construction luxury homes in various stages of completion at The Estates of Trump National. If only new construction will do for your luxury abode, then cruise by this area and enjoy a walk along the bluffs on one of the many trails, or hike down to the water's edge. Lunch at Trump National or Terranea Resort is an excellent choice as well when in the Palos Verdes Drive South neighborhood.

The Palos Verdes Drive East area offers views of the L.A. Harbor, city lights and ocean views along with many homes with large lots. If you're interested in a coastal neighborhood with a subdivision vibe, I'd suggest you explore the Mira Catalina neighborhood. Do you love a red tile roof? Then head to the Miraleste area off Palos Verdes Drive East.

Rancho Palos Verdes offers residential options from starter ranches to oceanfront villas. Many of the houses come with mesmerizing views, a hint of saltwater in the breeze, and an opportunity to enjoy the Palos Verdes coastal lifestyle. You may decide you want to call the Palos Verdes Peninsula your forever home.

For more information about buying or selling a Palos Verdes property contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com.

Thursday, November 9, 2017

Fall is here! My morning walk required a sweater for the brisk 58-degree day. After the languid last days of summer, I think the real estate market is ready to perk up and make the most of the final quarter of 2017. I bumped into an agent who has been in the business longer than I have, and she said, "This has been the quietest summer I can remember."  Yes, although I was busy and productive with listings and sales, the market took a bit of a breather during the summer months of 2017.

Inventory remains tight with only 183 single family homes listed for sale. 89 Palos Verdes single family homes are in escrow with accepted offers, and 553 PV single family have sold year-to-date. The luxury market indicator shows a slow movement back to a neutral market after spending most of the summer in a market favoring buyers.  The Palos Verdes market for all single-family homes is showing a slight trend away from the hot sellers' market of the past several years.

For more information about buying or selling a home in Palos Verdes contact Norma Toering at 310.493.8333.