Palos Verdes Housing Market - The Wrap Up

Palos Verdes Market Update

If you're wondering how the Palos Verdes real estate market is wrapping up 2014 here's a snapshot of how the year is shaping up, and predictions for the local real estate market in 2015.

In a nutshell, recent gains and slower growth in value make it a great time to sell.  Interest rate are predicted to rise the second half of 2015, per several noted economic reports, so there's still time to buy before rates begin their inevitable rise.

We are here to help you with all your Palos Verdes real estate needs.

- Norma Toering, Broker-Owner of Charlemagne Int'l Properties
(310) 493-8333 or ToeringandTeam@gmail.com

Palos Verdes Real Estate Update December 2014

If you’re thinking about selling your home on the Palos Verdes Peninsula this information will be particularly of interest.  Based on reports from the housing gurus, 2015 will be a year of continued stabilization for the housing sector with a slower pace of increase in prices.  An economist with Zillow predicted 2015 price gains will be  around 2.5%,  quite a difference from the 18+% gain of 2013 and this year’s number of approximately 6%.

Based on this “Big Picture” of the housing market, the trickle down message to your local neighborhood is this:  The housing market bounced back from the crash years, and has now reached stabilization.  The big gain-backs are over, and more modest increases in price are the prediction for the immediate future.  If you’ve been waiting for this market news before selling your home, it has arrived.

We can expect home owners to act on this news by deciding the time is right to sell their home and make the move that was postponed during the recession years.  If you lost equity during the housing crash, it’s back.  If you were underwater with your mortgage exceeding the value of your home, chances are you now have enough equity to move up or down depending upon your life circumstances.

On an individual basis this means you can expect more of your neighbors to sell their houses in 2015.  This will increase the local inventory and the local competition.  The slower growth of equity negates the need to wait any longer.  It doesn’t make much sense to sell an asset growing at the rate of 18% per year, but such is no longer the case for homes in Palos Verdes, or other neighborhoods in the South Bay of Los Angeles.

When you’re ready to start the selling process, we will be honored to help you from preparation of the property through the closing of escrow.  With over 40 years of combined real estate experience, Josh and I will market your home around the world as well as to your next door neighbor.  Our Internet presence is both global and local. Our real estate blog was recently selected as one of the Top 100 Real Estate Blogs.  Our goal is to keep our clients informed so they can make smart and savvy decisions about their personal real estate holdings.

There are currently 147 Palos Verdes single family homes for sale.

• 77 Palos Verdes single family homes are in escrow with accepted offers.
• 503 Palos Verdes single family homes have sold year-to-date as of December 8, 2014.
• At the current rate of absorption, and without new inventory, we will be "sold out" of homes by mid-February!  

Now is an excellent time to begin the listing process of preparing your Palos Verdes home to enter the real estate market in early 2015.  Let us know if we can help you, and we will be delighted to guide you through the process.

- Norma (310) 493-8333
ToeringandTeam@gmail.com

Peninsula Pointe - Rancho Palos Verdes Neighborhood

Peninsula Pointe in Rancho Palos Verdes

Rancho Palos Verdes, California has many luxury home neighborhoods and most of them include a lovely view.  Peninsula Pointe is no exception with its sweeping views of the Pacific Ocean, Catalina Island and a coastline dotted with light to enjoy at night.

The homes are relatively new construction for Palos Verdes ( late 90s and early 00s) and all homes possess views of varying degrees.  Naturally, the homes on the ocean side of the street boasts unobstructed views.

Our clients are thrilled with their Peninsula Pointe purchase!  We shopped all over the Palos Verdes Peninsula and these savvy buyers decided Peninsula Pointe was the place for them.

For help selecting the best Rancho Palos Verdes luxury home for you contact Charlemagne Int'l Properties at 310.493.8333 or ToeringandTeam@gmail.com.

 - Norma Toering, Broker (310) 493-8333

Photos of the neighborhood:

Homes for sale in Peninsula Pointe in Palos Verdes:

Homes for sale in the surrounding area of PV Drive South:

Palos Verdes Homes--What a Variety of Prices and Styles

It's 6:30 AM Tuesday morning and my list of new Palos Verdes home listings is printed for the weekly Tuesday broker open house tours.  I was struck by the variety of styles and prices the Palos Verdes Peninsula has to offer to prospective home buyers.

Our tour will stop at a two level home in upper Lunada Bay at a two level contemporary ocean view home.  The property is similar in size, condition and view to one a client is considering selling in the near future, and that's the reason I will check it out today.  We don't have a buyer, but it's a great comparable property for a prospective seller and I owe it to my client to be well informed about recent sales and current competition.

Another stop in Lunada Bay will be to see a one level home in need of updating.  The location is prime Palos Verdes Estates in lower Lunada and within easy walking distance of the neighborhood elementary and high school.  We have clients always interested in finding a great buy in Palos Verdes with lots of upside potential once remodeled and this one looks like a good candidate.  Priced at $1.4M in a neighborhood that is comfortable with homes in the $3M and up it is a must see.

A villa with a view in Rancho Palos Verdes is next.  With over 5,000 sq. ft. to peruse we will enjoy our time spent in this luxury home priced at $3.3M.  We have an a few international buyers and this one may be of interest but we'll need to check it out to make sure it meets all their criteria for a luxury home in Palos Verdes.

A fabulous golf .course home priced just under $3.4M will make a nice option for those same international buyers as well as give us a good comparison in their price range.

I'm really hoping the new listing in Rolling Hills Estates will be perfect for buyers who want to purchase this year--time is growing short.  The price, size, location and condition are a good match but I'll need to walk the floor plan before we set an appointment.

A Rolling Hills horse property is next on the list.  Priced at $2.9M with horse facilities that include a riding ring makes it high on our list to check out for clients with horses and a good buy for Rolling Hills horse property.

A price reduction of over $100k will have us stopping to see if this Rancho Palos Verdes home might work for any of our clients.

Last on the list (because it's open late) is a gated Italian villa in Rancho Palos Verdes listed at $4M. International buyers coming next month love the idea of a gated property as they will not be full time occupants and like the idea of closing the gates for added security while they're away.

Broker tours are not as well attended as years past.  Here is why Josh and I are tour regulars.  Photos do not tell the complete story, you need to walk the property with your own feet and look at it with your own eyes with your clients in mind.  That's one of the things we provide for our clients.  We use our time and save theirs whenever possible.  That's one of the many ways we raise the bar on customer and client service.

- Norma (310) 493-8333

Lunada Bay - Life on the Coast of Palos Verdes

Lunada Bay is a lovely coastal community in Palos Verdes Estates. It runs along the western ocean bluffs of the Pacific Ocean. The neighborhood is divided into two neighborhood by Palos Verdes Drive West. The area below and west of PVDW is known as lower Lunada Bay. The area is know for its charming tree-lined streets just a short stroll to the trails along the ocean, and for being one of the few neighborhoods in Palos Verdes with neighborhood schools within walking distance for most students. Palos Verdes High School and Lunada Bay Elementary are both located in lower Lunada Bay.

Want to know more about life in Lunada Bay?  Give Norma a call at (310) 493-8333.

Homes for sale in Lunada Bay, Palos Verdes Estates: (See all Palos Verdes Estates home for sale)

5 Recent Reasons to Live in Rancho Palos Verdes & 100 More

Today's Palos Verdes Patch, featured 5 reasons Rancho Palos Verdes is one of the best cities in California to raise a family, per the website CreditDonkey.  Rancho Palos Verdes came in at number 7 on Southern California's Top Ten based on the following criteria:

1)  Education:  The percentage of high school graduates (98.1 percent)
2)  Work-life balance:  Average commute time (31.8 minutes)
3)  Family-friendly:  Number of household with children under age of 18 (32.7 percent)
4)  Stable community:  Percentage of people residing in same house last year (90 percent)
5)  Cost of living:  Percentage of income spent on housing (24.5 percent)

The article went on to say the area is extremely safe and features gorgeous homes, many priced well over $1,000,000.  If you needed to hear this from a source other than a real estate broker/agent check it out in black and white.  Of course, this was not news to me as all four of my children graduated from Palos Verdes Unified Schools as I moved to Rancho Palos Verdes in 1989.

Several years ago I wrote the article "100 Reasons to Call Palos Verdes Home" and it continues to be one of my most popular posts.  I've been writing about the Palos Verdes Lifestyle on my blog  of the same name for nearly seven years.

For more information about life in Rancho Palos Verdes contact us at ToeringandTeam@gmail.com.

- Norma Toering, Broker-Owner Charlemagne Intl Properties
310-493-8333
A Palos Verdes Top REALTOR


Homes for sale in Rancho Palos Verdes, CA:

Palos Verdes Drive South - Homes for Sale on the Southern Coast of PV

Palos Verdes Drive South neighborhood real estate and home sales report for Rancho Palos Verdes, CA in July 2014.

The south side of Rancho Palos Verdes is fast becoming the resort side of the Palos Verdes Peninsula as the location is home to Terranea Resort and Trump national Golf Course. The neighborhood is graced with some of the most breathtaking view on the entire Palos Verdes Peninsula.

In other news: one of our Palos Verdes clients just listed their Pasadena home at 875 South Madison Avenue in Pasadena CA.  We'd be honored to be your agent when time to sell your Palos Verdes luxury home.

- Norma Toering, Broker at Charlemagne Intl Properties

Palos Verdes Drive South homes for sale: (See all Rancho Palos Verdes homes for sale)

Palos Verdes Homes with Ocean Views

A stunning infinity pool over the Pacific in Palos Verdes Estates.

A home with a view is often a top priority for prospective buyers in Palos Verdes. From its vantage point high on a hill and geographically a peninsula with water on three sides, it's fairly easy to fulfill the view requirement. The next questions is, "What view do you prefer?" In my experience having an ocean view is the number one response. However, there are many variations of an ocean view in Palos Verdes.

The ocean views from Malaga Cove in Palos Verdes Estates often include not only ocean but city lights and mountains giving it a 24/7 view to enjoy. This Queen's Necklace view, as it is called by the locals, is highly desirable and can be absolutely breathtaking whether you're seeing it for the first time or after decades of enjoying it. The ocean view from Lunada Bay on the western side of Palos Verdes Estates offers a variety of ocean views as it includes up close views along the ocean bluffs of Paseo Del Mar and a more distant ocean view from the hills of upper Lunada Bay. It is not unusual for a view from Lunada Bay to include a view of Catalina Island or the Santa Monica Mountains. Monte Malaga neighborhood in Palos Verdes Estates also offers an arresting array of ocean views from its location high above Malaga Cove.

Rancho Palos Verdes offers a plethora of ocean view homes as three of its main arteries snake along the coastline as Palos Verdes Drive East becomes Palos Verdes Drive South and then morphs into Palos Verdes Drive West. As you meander along this stretch of road the ocean is never far from sight. There are homes along the ocean bluffs and homes up in the hills with amazing views of not only ocean but often Catalina Island and city lights. The eastern side of Rancho Palos Verdes enjoys the nightly show put on by the lights of Los Angeles Harbor and the blue lights of Vincent Thomas Bridge and Long Beach beyond. Mountains views are common, too.

Rolling Hills, the gated community near the top of the Palos Verdes Peninsula, is also home to a wide variety of ocean view properties. It is even possible to enjoy an ocean view from both the front and back of a few strategically placed Rolling Hills homes. Although Rolling Hills and Rolling Hills Estates are noted for being top equestrian locations that does not preclude properties also have amazing views.

Homes in every price range enjoy the views offered on the Palos Verdes Peninsula. Whether you're shopping for a Palos Verdes luxury home or a coastal condo there are many view properties available in Palos Verdes.

- Norma (310) 493-8333

Coastal homes for sale in Palos Verdes, CA:

Malaga Cove - Historical Coastal Neighborhood in Palos Verdes

The "Queen's Necklace" view of the bay from Malaga Cove in Palos Verdes.

Malaga Cove real estate and home sales report for Palos Verdes Estates for March 2014 View more articles on Malaga Cove, Palos Verdes Estates homes.

Malaga Cove is wonderful, luxury neighborhood in Palos Verdes Estates. It is one of the most historic areas of Palos Verdes with many buildings dating back to the original development in the 1920's. Homes in Malaga are sought after for the neighborhood character, proximity to the Beach Cities and the amazing views of the Pacific Ocean, the South Bay of Los Angeles and beyond.

The famous statue and arched facade at Malaga Cove Plaza in Palos Verdes.

Homes for sale in Malaga Cove, Palos Verdes Estates: (Show all PVE homes)

 

Palos Verdes Luxury Homes with Views to Remember

Window to the Pacific - Malaga Cove home in Palos Verdes.

Tuesday's tour of new listings in Palos Verdes included a number of luxury homes with unforgettable views. Yes, the homes were "stand alone" fabulous, but the views were what captured the eye (and added value) to these stunning properties in Palos Verdes Estates, Rancho Palos Verdes and Rolling Hills Estates.

The unique location of Palos Verdes, a hilly peninsula surrounded on three sides by water and one side with lower altitude land, lends itself to grand vistas of the Pacific Ocean, Catalina Island and all the glittering lights of the Los Angeles area and beyond. It's impossible to view property in Palos Verdes and not be struck by the number and variety of view homes for sale. Yesterday's new additions to the list were no exception.

Josh and I previewed six new listings ranging in price from $999,000 to $7,999,000 and the views included everything from deep canyons to Catalina Island, but the predominant view was the gorgeous Pacific Ocean. The window photo was taken from a home with a picture perfect view of the Queen's Necklace (ocean, mountains and city lights) which offers a 24-hour view as those lights sparkle all night long. Another property oozed curb appeal from the street with perfect landscaping and an architecturally interesting house. However, the show-stopper (and price justification) was visible the moment you entered the front door--endless ocean views with an infinity pool spilling over the edge was a view to remember. The home was lovely, but the focus was on the view with walls of windows, numerous balconies and patios to increase opportunities to enjoy the view. I wanted to linger, or maybe move in, and so will any buyer with a big view on their must have list.

A home with a view is easy to find in Palos Verdes, but if you would like a little help with your search we will be honored to assist.

- Norma, Broker/Owner (310) 493-8333 - Email Norma
- Josh, REALTOR (310) 525-9440

Coastal Homes for sale in Palos Verdes CA: (More articles on coastal PV homes)

Oceanfront Estates - Luxury coastal homes in Rancho Palos Verdes

Oceanfront Estates was developed by Capital Pacific Holdings at the turn of the century, from the very late 1990s to the early 2000s. The development company was from Orange County--synonymous with large homes on tiny lots, but in keeping with the locals love of the large lot, the developer broke the mold and built large homes on large lots at Oceanfront Estates.

The name of the development is not a misnomer. The ocean views are a sight to behold. The water is up close and personal. You can smell it, you can hear it and often feel the ocean mist on your face. Yet, you are far enough above it to be protected from rogue waves and winter storm surges. The cliffs and bluffs of Palos Verdes provide a wonderful buffer from the rise and fall of the ever-present tides.

A pool overlooking the Pacific in Oceanfront Estates (Palos Verdes.)

True, the homes began life in Palos Verdes as look-alike production homes, but during the ensuing decade many are emerging with styles and designs quite unlike their next door neighbor. The landscaping is maturing giving better balance and beauty to an enclave of estate-size homes. The development no longer appears out-of-place in Palos Verdes. It has earned its place along the coveted coastal acreage of the Palos Verdes Peninsula.

Homes for sale in Oceanfront Estates in Palos Verdes:

For more information about Oceanfront Estates in Rancho Palos Verdes contact Norma Toering & Team. (310) 493-8333

Estates at Trump National - Luxury Palos Verdes Homes

Estates at Trump National - Luxury homes with golf course and Pacific Ocean views.

On this week's Tuesday Tour for brokers and agents we previewed new listings for specific buyers. Although neither of the two homes for sale at The Estates at Trump National were open to preview, we were nearby and decided we wanted a particular client to see the spectacular ocean and coastline view as well as an exterior shot of the homes.

If your a golfer and in the market for a gorgeous coastal home on the Palos Verdes Peninsula the Trump homes are perfect candidates to fulfill your goals. Let us arrange a tour of Palos Verdes coastal luxury homes for you. Experience the natural beauty of one of the most scenic areas in Southern California.

- Norma Toering, Broker/Owner
(310) 493-8333 - Email - Our Website

More: Luxury Homes in Palos Verdes - Articles on homes in this neighborhood -

- Horse Property in Palos Verdes - Rancho Palos Verdes Homes for Sale -

Homes for sale near Trump's golf course in Palos Verdes: