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

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty 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 Luxury Homes - Sales Report Feb 2011

Six luxury homes priced over $2,000,000 sold in Palos Verdes during the month of February. The most expensive Palos Verdes home sales in February 2011 ranged from $2,360,000 to $4,999,000. Four of the sales were in Palos Verdes Estates, the other two were in Rancho Palos Verdes.

1616 Paseo Del Mar, Palos Verdes Estates: Sale Price: $2,675,000

1424 Via Castilla, Palos Verdes Estates: Sale Price--$3,500,000

1959 Via Visalia, Palos Verdes Estates: Sale Price--$2,360,000

936 Paseo La Cresta, Palos Verdes Estates: Sale Price--$2,900,000

2923 Vista Del Mar, Rancho Palos Verdes: Sale Price--$4,999,000

2980 Twin Harbors View Drive, Rancho Palos Verdes: Sale Price--$3,200,000

For more information on luxury homes on the Palos Verdes Peninsula contact Norma Toering & Team.

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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High-end Home Expectations on the Palos Verdes Hill

I previewed four Palos Verdes Peninsula luxury homes yesterday. The price of the homes ranged from $2,400,000 to $3,800,000 and I noticed several common threads connecting the amenities offered in the luxury properties:

1) Outdoor Living Areas - Complete with pools, spas, cabanas, seating area focused around fireplace or fire-pit and a high quality outdoor kitchen. This is Southern California and outdoor living is a year-round possibility.

2) Oversize Gourmet Kitchen - With top of the line energy efficient appliances, walk-in pantry, large center island, causal dining area and seating for guests who enjoy congregating in the kitchen to watch (or help) the cook prepare the food.

3) Oversize Master Bedroom and Bath Suites - The trend is to create a spa experience at home with a luxurious retreat where the homeowner can go to retreat, refresh and rejuvenate body, mind and soul. Think multihead showers, whirlpool tub and towel warming racks. A meditation room, a library or a sitting room with a view and a very luxurious bed complete the high quality luxury hotel feel to these at home bedrooms.

4) In Home Office Headquarters - A place for the homeowners to manage the household and their busy lives now dependent upon the Internet and wireless communication. A command central of sorts for living life in the 21st century.

5) High Tech at Home - Superior surround sound theatre and music throughout the home is expected as the home theatre experience rivals that of the local movie complex. Other home techie trends are sensored faucets, room darkening shades that open and close with the touch of a button (for movie watching or sleeping in) and fail-safe security systems.

Luxury home buyers on the Palos Verdes Hill expect their homes to keep pace with their changing needs and improve their quality of life.

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 Luxury Homes - What is selling in 2010?

Breakdown of luxury 2010 sales by Palos Verdes Peninsula cities:

Palos Verdes Estates: Seven homes priced over $3,00,0000 closed escrow to date. The most expensive home sold for $5,000,000.

Rolling Hills: Two homes priced over $3,000,000 closed escrow to date. The most expensive home sold for $5,500,000.

Rolling Hills Estates: No homes priced over $3,000,000 sold to date.

Rancho Palos Verdes: Five homes priced over $3,000,000 closed escrow to date. The most expensive home sold for $4,500,000.

14 Homes priced over $3,000,000 sold on the Palos Verdes Peninsula to date in 2010. If you're searching for a luxury home now is a great time to explore the possibility of living in Palos Verdes. There are 45 single family homes priced over $3,000,000 currently for sale.

Whether your style is a rambling ranch, sleek modern or Mediterranean there is a home and view waiting for you in Palos Verdes.

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

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Oceanfront Community: Luxury Living in Rancho Palos Verdes

Oceanfront is a high-end subdivision in Rancho Palos Verdes consisting of 79 single-family homes. The site is located at the intersection of PV Drive West and Hawthorne Blvd. Construction began in 1998. The 132-acre site enjoys phenomenal ocean views. Over 70-acres were dedicated to the City of Rancho Palos Verdes as open space including at least 30 acres of coastal sage scrub habitat. Pedestrian walkways, bicycle trails and public parking are available.

Multi-million dollar homes line Via Del Cielo, Paseo De La Luz and other streets in the development. Most of the homes are two levels and many have a pool, view and other luxury amenities one expects at this price point.

There are currently eight homes for sale in Oceanfront. The least expensive home is listed for $3,199,900. The most expensive is listed for $7,900,000.

The developer, Capital Pacific Holdings, Inc., sold a section of the development to another developer and Calle Viento and Pacifica Del Mar contribute a lovely addition of smaller homes (mostly single level) with a price range a bit lower than the rest of Oceanfront.

If you are in the market for a high-end coastal home in Rancho Palos Verdes Oceanfront is an excellent place to begin your search. The location offers shopping and restaurants in the nearby Golden Cove Shopping Center. Trader Joes recently opened a new store in the center and the patio at Starbuck's offers panoramic views.

Homeowners at Oceanfront can watch whales and dolphin frolic offshore. A lighthouse is part of the local landscape and the world-class resort, Terranea, is five minutes away. If you are looking for location, luxury and coastal living Oceanfront is a lovely place to call home.

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

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