Palos Verdes Uber Luxury Home Prices Are Escalating

On Tuesday mornings, I am always anxious to check to see what new listings are on the broker open house tour. Yesterday, as is my habit, I took my second cup of coffee upstairs and opened up the local MLS open house tour schedule. It was all pretty routine until I began selecting homes to include on our weekly trot around the Palos Verdes Peninsula.

I selected twelve homes to personally tour. Some matched buyers' wants and needs, some were comparable properties for upcoming or current listings, and it's always good to know the price, location, and condition of your competition, but the utterly amazing thing was the number of mega multi-million dollars homes on the list. Two homes topped $10,000,000!

Since time did not permit us to view all the mega million dollars mansions on the list, we opted to tour an oceanfront property in Palos Verdes Estates listed for $11,900,000. The stately gated property exudes understated opulence and offers a commanding view of the coastline and the Pacific Ocean. It's grand without being ostentatious and it's a property that makes the most of its coveted oceanfront location. Time will tell if it sells for its asking price, but as they say, there's a limited selection of oceanfront properties in Palos Verdes. For the uber luxury buyer,it's a must see and a chance to own one of Palos Verdes Estates grandest oceanfront estates.

 

 What is driving the Palos Verdes luxury home market? Here are my best guess answers:

1. We're beginning to get buyers venturing onto the Palos Verdes Peninsula who are priced out of the Manhattan Beach and Hermosa Beach markets. $10,000,000 just doesn't buy the same luxury house in Manhattan Beach as it does in Palos Verdes.
2. Silicon Valley is finding its way to the beaches of Southern California. Perhaps Silicon Beach buyers are heading up "The Hill" to find their luxury home as well.
3. Interest rates remain low and although many homes in the luxury price range are cash transactions, some buyers still prefer to finance a portion of their home purchase.
4. Palos Verdes coastal properties are undervalued when compared to similar properties in Malibu, Montecito and La Jolla.
5. Uber luxury home buyers are savvy investors and real estate plays an important role in their asset in their investment portfolios.

 

If you're in the market to buy or sell a Palos Verdes luxury home, we can help you accomplish your Palos Verdes luxury home goals. You may reach us at 310.493.8333 or 310.525.9440, or email us at Norma@CharlemagneProperties.com or ToeringandTeam@gmail.com.

Palos Verdes Luxury Homes - June 2016

What a difference a few months can make in the real estate market. Charlemagne Int'l Properties' market slider for luxury homes in Palos Verdes and Beach Cities clearly shows the once sizzling hot luxury home market in Manhattan Beach. Hermosa Beach and to a lesser degree Redondo Beach has cooled off and moved from a hot seller market to neutral territory.

On the other hand, the Palos Verdes luxury home market is getting hotter by the month. Perhaps buyers priced out of the beach cities are making their way up the hill to the higher altitude but lower home prices found in Palos Verdes. Whatever the reason, now is a fabulous time to sell your Palos Verdes luxury home. The real estate market has more than recovered from the decreases in value the area experienced during the recession, and the demand for premier Palos Verdes luxury properties continues to grow in this stunning coastal area.

No market lasts forever, and this one will not be an exception to the rule. What are you waiting for? Let's get the listing process started before the tides change--and they will.

PV luxury home market update for properties priced at or above $3,000,000.

52 Palos Verdes luxury homes are currently for sale.

17 Palos Verdes luxury homes are in escrow with accepted offers.

Six Palos Verdes luxury properties sold in May 2016. Three properties were located in Rancho Palos Verdes, one in Palos Verdes Estates, one in Rolling Hills and one in the unincorporated area of the Palos Verdes Peninsula.

Norma Toering, Broker at Charlemagne Intl Properties
310-493-8333

Palos Verdes Homes with Pools

Memorial Day weekend is in the past and summer vacation is upon us. It's the time of year when many buyers begin to think about purchasing a home with a pool.   Many homes in Palos Verdes do have pools, and if that's an amenity on your "Must Have" list we can help you find the best home with a pool for you and your budget.

 

 Check out the maps below and if a particular property catches your attention we will happily arrange a showing, plus provide you with additional details about the property and the neighborhood.

• Norma Toering - Broker at Charlemagne Intl Properties
• 310-493-8333

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

Palos Verdes Real Estate Market Update--May 2016

New listings are being gobbled up at a fast pace by buyers who are hungry to purchase a home on the Palos Verdes Peninsula. The length and strength of this seller's market are remarkable even to someone who views the real estate market statistics on a daily basis. At the current rate of absorption, there is less than a two-month supply of inventory if no new properties come on the market. That's a white hot real estate market with sellers holding the trump card if they have a house to sell.

Let's let the April 2016 statistics do the talking:

There are 189 single family Palos Verdes homes currently listed for sale.

There are 120 Palos Verdes residences in escrow with accepted offers. (Let's all say WOW).

65 Palos Verdes single family homes sold during the month of April per MLS records.

At a glance, it's easy to see demand for Palos Verdes Property remains high, and supply remains limited. Year-over-year price increases have slowed, and with the threat of interest rate increases, buyers continue to shop for a property on the Palos Verdes Peninsula.

With stunning topography, forever views, and a stellar public school system Palos Verdes has much to offer its current and prospective residents. For more information on selling or buying properties on the Palos Verdes Peninsula contact Charlemagne Int'l Properties at 310.493.8333 or send us an email at ToeringandTeam@gmail.com.

Palos Verdes Luxury Home Report--Listings & Sales--April 2016

 

 Spring is in the air! The birds are singing, buyers are calling, so let's check if sellers are listing their luxury homes, and if high-end luxury homes are selling in Palos Verdes.

There are currently 52 Palos Verdes luxury single family residences priced at or above $3,000,000 for sale. 8 Palos Verdes luxury homes ($3M+) are in escrow with accepted offers. 7 Palos Verdes luxury properties sold during the month of March 2016. Rancho Palos Verdes captured three luxury sales, Rolling Hills and Palos Verdes Estates each recorded two luxury residential sales in March.

 A quick glance at our market snapshot reveals the Palos Verdes luxury home market is in neutral territory indicating the luxury home segment of the housing market is stable favoring neither sellers nor buyers. Based on current inventory and rate of absorption the luxury home market has approximately a six-moth supply of luxury homes in Palos Verdes.

 

Thinking of selling? Need a top Palos Verdes real estate agent to help?  Contact us at Norma@charlemagneproperties.com or 310.493.8333. We offer free tips for sellers on how to maximize the value of your Palos Verdes property.

 

Norma & Josh Toering of Charlemagne Intl Properties

310-493-8333 or contact us via email

 A few reviews from our raving clients:

"We hired Norma when we bought our home 4 years ago and it was a wonderland experience. We stumbled on to her Palos Verdes Home blog website by chance when we were researching on buying a home in PV. We thought she was very knowledgeable and decided to set an appointment to meet with her. My wife and I were first time home buyers and Norma patiently educated us and walked us through all the options on what and where to look. Norm and her team gave us very knowledge feedback on our concern and also helped us through some troubling time when we had problems getting approval for a home loan. Finally she found us a wonderful home. It was initially outside of our price range but she negotiated hard for us and we got it! We would work with Norma again when we buy our next home." - Unsolicited Zillow Review from past client:

How likely are you to recommend Norma Toering? highly likely

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“Thanks for being such a great agent on all our deals! I sure do appreciate more so that you are one heck of a professional in this field who has always had our best interest in mind.” - Carina in RPV (Wharton MBA)

“Thank you both for all your hard work. We had another pleasant experience with the Toering Team. You will be highly recommended in the future.” Steve S. in RPV

"What a fantastic team! I give Norma and Josh 10 out of 10 stars--best real estate experience I've ever had!" Steve K. in RPV.

If you're searching for a professional real estate agent and company who will keep your best interest in mind throughout the transaction, we'd love to add you to our list of lifelong satisfied clients.

 

Palos Verdes Homes Listed For Sale and Sold--February 2016

It's no secret the supply of available homes for sale on the Palos Verdes Peninsula is limited and buyer demand is high. The January statistics are in, and they reflect more of the same--low inventory and high demand from buyers ready to purchase a Palos Verdes home. Such has been the case for the past several years, and the trend shows no evidence of disappearing anytime soon.

 

2016 Palos Verdes Housing Market Looks "Rosy" for Sellers

Sellers, with the increase in prices and limited competition in the marketplace, now is an excellent time to consider selling your Palos Verdes property.

Here's how the Palos Verdes housing market ended the month of January 2016:

•  31 Palos Verdes single family homes sold during January. 
•  71 Palos Verdes single family homes are in escrow with accepted offers. 
•  154 Palos Verdes single family homes are listed for sale as of February 3, 2016.

At the current rate of absorption, there is approximately a two-month supply of homes for sale. Given these statistics, the spring market will need an infusion of new listings to keep up with demand.

Need an agent to help you with the preparation and sale of your Palos Verdes residence? Josh and I would be honored to help you achieve your real estate goals.

- Norma Toering & Josh Toering, Charlemagne Intl Properties
310-493-8333

Live the Oceanfront Lifestyle in 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.

 

True, the homes began life in Palos Verdes as look-alike production homes, but during the ensuing decades 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.

   

 For more information on the luxury homes at Oceanfront Estates in Rancho Palos Verdes contact Charlemagne Int'l Properties at 310.493.8333 or email Norma@CharlemagneProperties.com

 

Contact us to arrange your tour of Palos Verdes coastal luxury homes on the beautiful Palos Verdes Peninsula located the the South Bay of Los Angeles.   Homes for sale on the coast of Palos Verdes: