La Cresta Neighborhood - Nov 2009 Real Estate Report

La Cresta neighborhood real estate and home sales report for Rancho Palos Verdes, CA in Novemeber 2009.

Active listings: 9 Homes are currently for sale in the La Cresta neighborhood of RPV priced from $995,000 to $2,880,000.

Pending sales: 4 Houses are in escrow priced from $949,000 to $2,699,000.

November sales: 2 Homes sold in November 2009:

• Pepper Tree Ln $945,000
• Clear Vista Dr $1,423,000
  

All La Cresta, Rancho Palos Verdes real estate and home sales reports.

Previous Palos Verdes and San Pedro Market Reports

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

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Palos Verdes Housing Market - 2010 Predictions

Jumbo loans are back. Can movement in the high-end luxury home market be far behind? Savvy buyers will continue to cherry-pick the best of the best deals, but with jumbo loans easier to obtain my prediction is the $2,000,000 and up homes will play an active role in the Palos Verdes real estate market in 2010.

How low will they go? The competition is fierce for prime entry-level homes in Palos Verdes. It's the location and the schools that continue to support the prices at the low end of the price spectrum. Bank-owned and short sale properties comprise a minuscule portion of the local market and therefore, have little to no impact on Palos Verdes Peninsula prices.

Super-sized homes shrink in size but grow in "greeness". Today's buyers are concerned with the environment, the economy and the day to day cost of running a McMansion. Water is a precious commodity in Southern California and conspicuous consumption of Mother Nature's resources is frowned upon. Look for desert friendly landscaping to make a return as water bills skyrocket.

Price and value will align. Seller will release their "unrealized equity gains" to the universe and price properties in line with recent sold comps in their neighborhood. Those paper gains are gone. After all, how can you lose something you never really had?

The fluidity of the market is a given, and like the undulating ocean will continue to ebb and flow based on the pull of the economy, employment and local lending environment. My parting 2009 wish: May 2010 bring small improvements for all conditions impacting the housing market.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Palos Verdes Homes for Sale - Rancho Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Blog
Boitano Palms Lots for Sale - Homes with Views in Palos Verdes
Palos Verdes Coastal Homes - Palos Verdes Homes

Palos Verdes Drive West - Real Estate Activity for 10/2009

Palos Verdes Drive West neighborhood home sales and real estate report for October 2009 in Rancho Palos Verdes, California.
Active listings: 14 Homes are currently for sale around PV Drive West priced from $1,195,000 to $7,900,000.
Pending sales: 2 Properties are currently in escrow priced from $2,800,000 to $5,199,000.
October sale: 2 Houses sold in October 2009 in the Palos Verdes Drive West neighborhood:

• Berry Hills $890,000
• Lunada Vista $2,075,000

All Palos Verdes Drive West real estate and home sales reports.
Previous Palos Verdes and San Pedro Market Reports
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.

We'd be honored to be your agent when time to sell your Palos Verdes luxury home.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Rancho Palos Verdes Homes for Sale - Rancho Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Blog
Palm Desert Area Lots for Sale - Homes with Views in Palos VerdesPalos Verdes Coastal Homes - Rancho Palos Verdes Homes