Malaga Cove (Palos Verdes Estates, CA)
By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Palos Verdes’ Neighborhood Church is one of the most historic buildings located here on the Peninsula. With it’s beautiful Mediterranean charm, it’s history extends through decades. It originally was built by businessman JJ Haggarity in 1927, as a summer residence since he owned homes in Los Angeles and New york. He hired an Italian architect who was inspired by Villas along the Mediterranean, and the property was built at a cost of $750,000. The original property consisted of formal gardens (where west side parking lot sits) green house behind the cottage, a reflecting pool, swimming pool, bath house and a 30 foot thick sea wall. He also brought in fully grown olive and palm trees. However, later Haggarty had to sell the property because of hard times. It was at that time that financie...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes Neighborhood Church Summer Sunday Sounds will begin their 2017 season on Sunday, June 25, 2017, with additional concerts on July 16 and August 20, 2017.  This is a great time for Palos Verdes homes owners to sit on the seaside terrace of this beautiful church, enjoy the ocean view and bring a picnic at 6:00 p.m.  The concerts actually begin at 7:00 p.m. in the Fellowship Hall and are presented free of charge.On June 25, 2017, Elena Degl’Innoceti an Italian award winning singer-songwriter-guitarist, will perform as a solo artist mixing her Italian roots with her Jazz and Latin background.  She sings in Italian, English, Portuguese and Spanish.On July 16, 2017, Richard Smith, an English guitarist who is now residing in the U.S., performs  in the finger-style tradition of Merl...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
I am proud to announce that I was the top producing agent in my office for the month of April 2017 !!!
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Palos Verdes Estates’ Malaga Cove Plaza was built in 1925, and is the home of the famous Neptune’s Statue. The plaza consists of several buildings mimicking the old rustic Spanish Renaissance style with arches that stretch out along it’s walkways.It is located at the base of the Palos Verdes Peninsula and is a welcome stop when you are driving up the hill from the South Bay beach area. The plaza today consists of small retail stores, several banks, office buildings, Yellow Vase & Mama Terrano’s restaurants and the Malaga Cove Rancho Market which also includes a restaurant.The fountain is a replica of one found in Bologna, Italy which is of the Roman god Neptune known as King of the Sea.  It was dedicated in 1930 and is the central point of the plaza. From here you can even walk down the...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
 There are 65 homes listed for sale in the City of Palos Verdes Estates at the end of August, which is 62% higher than this time a year ago. The number of homes sold over the last 3 months, averaging 17 sales per month, is down 15% compared to the same period last year . This equates to 3-4 months of inventory, based on the average sales per month over the last 3 months. There are only 8 homes in escrow at the end of August.     The following is a list of the 16 homes sold in the City of Palos Verdes Estates during the month of August 2016:     The average price per square foot over the last 3 months has been $811 per sq. ft. an 8% increase over the similar period last year.   The average days on market for homes sold during last 3 months was about 2 to 3 months. The percentage of list ...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Interest rates for buying a home on the Palos Verdes Peninsula stayed level this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates declined a fair bit this week, as investors refocused on global economic troubles and the words and deeds of central bankers around the globe.Even as economic data continue to show that modest U.S. economic expansion continues, doubts remain that it is durable enough to continue in the face of considerable worldwide headwinds, or strong enough so as to be an engine to help lift the world from its malaise. Certainly, many central banks are employing novel approaches to try to spark growth in their economies, but so far the only success story to be seen is here.Much as it might like to, the Fed...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2015 Palos Verdes homes sales for Malaga Cove neighborhood decreased to 20 single family homes sold compared to 31 in 2014.  Price per square foot for Malaga Cove houses that sold in 2015 increased to $802 compared from $784 in 2014, a 2.4% increase.  Average sales price for Malaga Cove homes sold in 2015 was $2,970,800 compared to $2,844,965 in 2014.  The most expensive home sold for $7,900,000 and the lowest priced home sold for $1,075,000.Currently, Malaga Cove has 9 active Palos Verdes homes for sale. There are 9 single family homes ranging in price from $1,750,000 for a 3 bedroom/2 bath, 1,721 square foot home, to $28,000,000 for a 6 bedroom/8 bath, 10,100 square foot home.  Currently, there are no condo/townhomes for sale in this area.For background and history on Malaga Cove Mult...
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