Palos Verdes Coastal Homes 310-493-8333

Thursday, January 4, 2018

Palos Verdes Coastal Homes January 2018 Market Report

Happy New Year!

The Palos Verdes single family home real estate market finished the year (2017) with low inventory and continued high demand. There are currently only 113 Palos Verdes single family homes for sale on the entire Palos Verdes Peninsula as we begin 2018. 56 Palos Verdes residences are in escrow with accepted offers. 692 Palos Verdes homes sold during 2017.

These statistics indicate we are in for another year of low inventory and high demand for single-family homes in Palos Verdes. Given the depleted supply of houses, the time is right to list your Palos Verdes home. There is no need to wait for the spring market, buyers are waiting for the right house to come on the market, and your home may be the one they are waiting to purchase.

Norma Toering 310.493.8333 or Norma@CharlemagneProperties.com

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.

Monday, September 11, 2017

Palos Verdes Real Estate Market Snapshot September 2017

Palos Verdes Homes Market Report September 2017

PVDS Luxury Homes

There are currently 189 single family homes for sale on the Palos Verdes Peninsula. 59 Palos Verdes single family homes are priced at or above $3,000,000. There are no Palos Verdes single family homes for sale under $1,000,000 at this time.

100 Palos Verdes single family homes are in escrow with accepted offers. 489 Palos Verdes single family homes have sold year-to-date.

Palos Verdes Drive South Sunrise

For more information or help with buying or selling a Palos Verdes home contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com

Norma Toering is the broker-owner of Charlemagne Intl Properties a boutique real estate company in Los Angeles. She has been a local South Bay real estate agent since 1992. Norma is the most well known & award winning real estate blogger in Palos Verdes. Forbes magazine consulted Norma on Palos Verdes property values when compiling their Forbes 400 list. Cell: 310.493.8333

Saturday, August 19, 2017

Palos Verdes Homes Market Report August 2017

The single-family housing market in Palos Verdes remains healthy, active, and still favoring sellers.

There are 212 single family homes for sale on the entire Palos Verdes Peninsula. 94 homes are in escrow with accepted offers, and 77 Palos Verdes single family homes sold during July 2017. 426 PV single family homes have sold YTD 2017.

Given the above statistics, the inventory is still low, and the absorption rate is high. If you're considering selling a Palos Verdes property, the market will welcome the increased inventory. The one area of the Palos Verdes real estate market favoring buyers is the luxury segment of homes priced at or above $3,000,000.

Rancho Palos Verdes high-end home listed by Charlemagne Int'l Properties.

For more information regarding selling or buying a Palos Verdes property contact Norma Toering at 310.493.8333 for a market analysis of your property. I also offer a free, one-hour assessment on enhancing the value of your property and preparing it for sale. Call for details.

Contact Norma Toering for more information on Palos Verdes homes for sale.

Saturday, July 29, 2017

Palos Verdes,CA Real Estate Market Report July 2017

Who needs fireworks when there are views like this one?

I hope everyone enjoyed the 4th of July holiday.

We have reached the midway point of 2017, and although the single family home real estate market in Palos Verdes remains a strong sellers' market, the luxury home market experienced a cooling trend during the second quarter of 2017. The luxury market of homes priced at $3,000,000 and up slide into a strong buyers' market.

There are 227 single family homes for sale in Palos Verdes. 109 Palos Verdes homes are in escrow with accepted offers. 343 Palos Verdes single family homes have sold Y-T-D. Inventory is showing a slight increase and demand remains high keeping the overall single-family home market in a sellers' market.

Rancho Palos Verdes remodeled and expanded home for sale--$2,695,000. Represented by Charlemagne Int'l Properties. Call 310.493.8333 for details.

Tuesday, June 20, 2017

Palos Verdes Coastal Homes Market Report June 2017

Looking for a beautiful Palos Verdes home with a spectacular view? Call me; this one is For Sale!

284 Palos Verdes single family homes sold year-to-date in 2017. Twenty-three of those private residences were priced at or above $3,000,000.
There are currently 213 single family homes for sale on the Palos Verdes Peninsula. 124 Palos Verdes homes are in escrow with accepted offers.

The overall single-family home market in the four cities on the Palos Verdes Peninsula remains firmly entrenched in a market favoring sellers. However, the luxury market is tilting toward a buyers' market as we reach the mid-point of 2017.

If you, or someone you know, would like more detailed information about the various markets within markets in the Palos Verdes real estate market, or real estate related questions, it would be my pleasure to provide the information. Contact Norma Toering at 310.493.8333 or email me at Norma@CharlemagneProperties.com.

June was a busy month for Charlemagne International Properties with two sales, one new listing, and two upcoming leases.

An investor client sold one of his income properties after remodeling the kitchen and bathrooms. Staged by Charlemagne Int'l Properties.

Another investor client bought, remodel, and sold this Lunada Bay beauty. The client was represented by Charlemagne Int'l Properties on the 2016 purchase and the 2017 sale.

This gorgeous home was remodeled and expanded in 2016. I represented the owners when they purchased the home a decade ago, and the residence is currently for sale for $2,695,000. Charlemagne Int'l Properties represents the Sellers. I love loyal clients!

One of My Upcoming Leases:

South Shores beauty with ocean view in one of San Pedro's sought-after neighborhoods. $3600 per month.