Palos Verdes Coastal Homes 310-493-8333: April 2011

Wednesday, April 20, 2011

Terranea Resort--Second Home Heaven! Beach Casitas and Villas at the Ocean's Edge

Terranea Resort in Rancho Palos Verdes is one of the few places on the Palos Verdes Peninsula where you can watch the sunrise and the sunset with a turn of the head. Located on a point that juts out into the Pacific the sweeping views to the east and west are panoramic and nothing less than stunning. If you're looking for a second home in Southern California and less than one hour from the urban metropolis of Los Angeles Terranea Resort is the perfect solution.

Terranea opened approximately 18 months ago and is already considered a wold class destination resort. Offering golf, spa, numerous restaurants, a first class hotel and an unforgettable setting with up close and personal views of the Pacific Ocean and Catalina Island, the 100 plus acre site is laced with trails, several pools and an understated lobby and veranda.

The casitas and villas are sold fully furnished and owners may stay at their unit for up to 90 days each year. The rest of the time the unit must be rented per Coastal Commission requirements specifying the public have access to this historical and unique coastal location.

For more information about owning a piece of Terranea Resort contact Norma Toering & Team. We'll help you realize your dream of owning a beach home along the coast of the Palos Verdes Peninsula.

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

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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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How is the Palos Verdes High End Luxury Market Holding Up in 2011?

Palos Verdes luxury home sales are on the rise. 2011 is off to a promising start for high-end homes on "The Hill" as 22 properties priced over $2,000,000 closed escrow as of April 14.

2010 produced 72 sales over $2,000,000 in Palos Verdes single family homes.

In 2009 41 Palos Verdes homes sold for over $2,000,000.

2008 posted 60 sales over $2,000,000.

In 2007 101 homes sold in the same price range.

103 homes sold in 2006 in the same category.

2005 saw 112 sales in the $2,000,000 and up price range.

In 2004 the number of sales over 2M totaled 80.

In 2003, before the market took off for the unsustainable double digit annual increases, the number of sales in the 2M+ price range was 62.

So what do the numbers tell us? We're back to normal. The bubble broke, but the Palos Verdes real estate market did not crash, it simply reduced its rate of absorption to the pre-bubble level and posted a moderate decline in prices.

The ups and downs of market cycles will always be with us, but statistics are built one sale at a time. Your property can join the sold statistics with the right experience, expertise and exposure. If you would like to know what your home is worth in today's market, Norma Toering & Team provides a FREE value analysis.

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

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Mira Catalina RPV - Home Sales March 2011

Mira Catalina neighborhood real estate and home sales report for Rancho Palos Verdes, CA in March, 2011.

Homes for sale: 5 Homes are for sale in the Mira Catalina section of RPV priced from $899,000 to $1,699,000.

Pending sales: 2 Houses are in escrow priced from $895,000 to $899,000.

March sales: 2 Homes sold in March 2011:

Address	Sale Price	Bed/Bath	Sq. Feet.	Lot	Year Built	Days Listed
3618 Greve Dr	$880,000	4/3	2092	9736	1964	145
4 Avenida De Camelia	$1,495,000	4/4	4153	29686	1990	1

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

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