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Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate was strong in 2018 with increases in average sales price, median sales price, and price per square foot!   Median sales price in 2018 increased 7.2%.  2018 average sales price for Palos Verdes homes was $1,838,339 compared to $1,744,363 in 2017 – an increase of 5.4%.  Average price per square foot for Palos Verdes homes sold in 2018 was $654 compared to $631 in 2018 – an increase of 3.6%.  There were 52 less single family Palos Verdes homes sold in 2018 – 640 single family Palos Verdes homes sold in 2018 compared to 692 homes in 2017 – there has been a lack of inventory of Palos Verdes homes for the past few years. The mix of Palos Verdes homes sales for 2018 again showed less sales under $1,000,000.  In 2018, 58 Palos Verdes homes sold for under $1,000,000 (co...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can start a healthy new year by joining one of South Coast Botanic Garden’s winter sessions of Tai Chi offered on Saturday’s only, or Yoga classes offered on Tuesday & Saturday mornings in January through March.  Classes will be held at the Koi Pond Patio, giving Palos Verdes residents the opportunity to exercise in a natural setting instead of a studio environment.  You will feel the peace and energy of the Gardens around you.  The pace of these classes are appropriate for most individuals.Tai Chi in the Garden, will be taught only on Saturdays, beginning this Saturday, January 19, 2019, from 9:00 a.m. to 10:00 a.m. through March.   You will learn this beautiful ancient Chinese practice, with graceful meditative movements that help maintain physical health, we...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the January 15, 2019, Palos Verdes real estate Broker’s Tour (16 homes had open houses today) are described below.  We currently have 150 single family Palos Verdes homes for sale ranging in price from $899,000 in Rancho Palos Verdes (The low in Eastview is $599,000) to $11,900,000 in the city of Palos Verdes Estates.  There are 29 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000.  My favorite Palos Verdes homes today are:      David Caskey and Kurt Allen’s (Strand Hill Christies Int’l Real Estate) 1271 Via Landeta, Palos Verdes Estates, 90274 (above left) is a 5 bedroom, 7 bath, 6,828 square foot home for $2,995,000.  This fabulous Lunada Bay home features panoramic ocean/city lights, elegant expansive kitchen, home ofice/d...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Applications for the 2019-2020 school year for Palos Verdes homes owners wanting to enroll their children in Cornerstone at Pedregal, will begin a month earlier this year on Friday, February 1, 2019, at 8:30 a.m.  This date is also for students to request a transfer to this school.  The deadline for these applications is 4:30 p.m. on February 28, 2019.  The application system for Cornerstone has a randomized database which provides a lottery system.  This school operates differently than the other elementary schools in Palos Verdes because it is a Parent Participation Model (charter school style).  Parents commit time, energy, skills and passion to assist and organize supporting activities that expand curriculum and learning.Cornerstone is solely a choice school, which means it is not a...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales December 2018 for Palos Verdes homes increased compared to November.  43 Palos Verdes houses sold in December compared to the 36 homes sold in November and decreased compared to the 44 homes that sold in December 2017.  There were 38 Palos Verdes single family homes pending in December which increased from the 34 homes pending in November.  The number of active Palos Verdes homes for sale in December (155) decreased from the 202 homes for sale in November. Average sales price for Palos Verdes homes sold in December increased to $1,900,000 from $1,778,000 in November and increased from the $1,853,000 in December 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in December decreased to $611 from November ($637).  Average days on m...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the January 8, 2019, Palos Verdes real estate Broker’s Tour (24 homes had open houses today) are described below.  We currently have 148 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $599,000) to $11,900,000 in the city of Palos Verdes Estates.  There are 23 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,995,000.  My favorite Palos Verdes homes today are:       Virginia Butler & Les Fishman’s (Coldwell Banker – PV Beach Cities) 517 Via Almar, Palos Verdes Estates, 90274 (above  left) is a 3 bedroom, 4 bath, 3,030 square foot home for $2,475,000.  This Malaga Cove Mid Century modern home features fabulous unobstructed views of the Queen’s necklace/city/mounta...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes residents who are parents of eighth grade students, should have received high school information packets as it is time to designate which high school their child will attend in September 2019.  To assist in this decision, Palos Verdes High School and Palos Verdes Peninsula High School will be hosting their annual tours at both schools for Palos Verdes homes owners (and tenants) to visit.  Any current eighth grade student will have an opportunity to enroll under “open enrollment” which means that the students who will enter 9th grade in September 2019, may choose which Palos Verdes high school to attend.  Planning for the 2019-2020 school year is beginning, and enrollment numbers are critical to effectively prepare for this next school year.Both high schools have scheduled s...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 The Palos Verdes Library District has some great free movies that they will be showing in the months of January and February, 2019.  Each month they offer a different selection of foreign movies, “latest” releases,  and classic cinema.  Most of the screenings will have some post film discussion which adds an opportunity to socialize with others in the community.  In January and February, the following movies will be presented.The PVLD’s Ciné-Monde, a film series featuring notable films from around the globe which are shown on the second Thursday of the month, will be screening WILD TALES on Thursday, January 10, 2019, at 3:00 p.m. and 6:00 p.m. in the Peninsula Center Library Community Room.  This feature consists of six short stories that expose the extremities of human behavior with ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 17 days of December 2018 are 19 homes which is a decrease from the 21 Palos Verdes homes sold in the first 17 days of November and a decrease from first 17 days of December 2017 (28).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from December 1st to date is $1,919,276 which is a decrease from last month’s average of $1,993,567 for this same time period and an increase from $1,720,241 last December. In December 2018 to date, the highest priced Palos Verdes home sold for $3,300,000 and is located in the Portuguese Bend neighborhood and has 3 bedrooms, 3 baths and 3,565 square feet on a 3/4 acre lot.  This spectacular Eu...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Eastview RPV neighborhood for the first half of 2018 decreased to 22 single family homes sold compared to 24 in 2017.  Price per square foot for Eastview RPV houses that sold in the first half of 2018 increased to $511 compared to $505 in 2017 a 1.1% increase.  Average sale price for Eastview Palos Verdes homes sales in the Eastview RPV neighborhood for the first half of 2018 was just about the same at $899,295 (in 2018) compared to $899,704 in 2017.   The most expensive Palos Verdes home sale in the Eastview RPV neighborhood was $1,300,000 and the lowest priced Palos Verdes home sale in the Eastview RPV neighborhood was $700,000.Currently, the Eastview RPV neighborhood has 19 Palos Verdes homes for sale.  There are 15 single family homes for sale ranging...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of January 2019, the Palos Verdes Peninsula Land Conservancy is offering outdoor hikes/activities for Palos Verdes home owners to enjoy including bird walks, nature walks with naturalists, nocturnal full moon walk and volunteer opportunities which are listed below. Special Events:  Martin Luther King, Jr. Day of Service at White Point Nature Preserve, will take place on Monday, January 21, 2019, from 9:00 a.m. to 12:00 noon. You will join the Palos Verdes Peninsula Land Conservancy for this special day of service!  Bring the family to help restore the demonstration garden, benefiting local wildlife and celebrating a day of plant diversity for a great day off from school!  Sign up at www.pvplc.volunteer.com.   Volunteer Trail Watch Training with the Palos Verdes Peninsul...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the December 11, 2018, Palos Verdes real estate Broker’s Tour (13 homes had open houses today) are described below.  We currently have 185 single family Palos Verdes homes for sale ranging in price from $999,000 in Rancho Palos Verdes (The low in Eastview is $775,000) to $15,450,000 in the city of Palos Verdes Estates.  There are 35 Palos Verdes condos/townhomes for sale priced between $292,000 and $1,795,000.  My favorite Palos Verdes homes today are:       Stephen Haw’s (Keller Williams Palos Verdes) 2012 Paseo del Mar, Palos Verdes Estates, 90274 (above left) is a 6 bedroom, 5 bath, 5,450 square foot home for $4,998,000.  This beautifully remodeled Lunada Bay tennis estate features ocean views, spacious gourmet kitchen w/large center island, master s...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 On Sunday, December 9, 2018, at 5:30 p.m., St Luke’s Presbyterian Church will be presenting their lovely Christmas Music Concert.  The well known and much loved Pacific Bells Handbell Ensemble will be playing a wonderful concert of Christmas music favorites at St. Luke’s.  The members of this handbell ensemble are Bruce Benne, Carrie Hernandez, Holly Jenkinson, Mary Liao and Tracy Halter-Balin.  This is a great time to get into the holiday season with an enjoyable, relating holiday concert.This fabulous event is free and open to the public, and I wouldn’t be surprised if coffee and treats might be served after the concert.The church is located at 26825 Rolling Hills Road, Rolling Hills Estates.  For more information go to www.stlukespresbyterian.com, or call (310) 377-2825.To read my l...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners can celebrate Holiday Traditions locally on the Peninsula with many upcoming events.  There are tree lighting celebrations, holiday parades, Nutcracker ballets, visits with Santa and more.  Here are just a few of the events coming our way: Elite Dance Studio will be performing their “A Twisted Nutcracker” on Saturday, December 1, 2018,  at 1:00 p.m. at the Warner Grand Theater located at 478 W. 6th Street, San Pedro.  Tickets are available for $20/adults and $12/children under 12.  To purchase tickets from the Warner Grand Theater go to http://wgt.tix.com . The Nutcracker Ballet will be presented by several local dance studios at the Palos Verdes Performing Arts Center.  The Classical Ballet Theater will be performing “The Nutcracker” on Sunday, November 25, 2...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales September 2018 for Palos Verdes homes decreased compared to August.  39 Palos Verdes houses sold in September compared to the 65 homes sold in August and decreased compared to the 67 homes that sold in September 2017.  There were 45 Palos Verdes single family homes pending in September which decreased from the 60 homes pending in August.  The number of active Palos Verdes homes for sale in September (226) decreased from the 229 homes for sale in August. Average sales price for Palos Verdes homes sold in September increased to $1,867,000 from $1,778,000 in August and increased from the $1,560,000 in September 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in September increased to $652 from August ($648).  Average days on marke...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes residents who are interested in helping to grow their children’s basketball skills may know that the season is ready to begin.  Registration is now open for the PVBA Winter 2018 – 2019 season.  Kindergarten, 1st grade boys and 2nd grade boys will play on lower age appropriate 8 foot baskets.  Each team will have 8 players and they will play locally inside the Peninsula High School Field House Gym basketball court.  The games will usually be played on Saturday afternoons.  This is a game where everyone plays, with no standings, try outs or play offs.  3rd through 8th grade boys teams and 2nd through 8th grade girls teams will begin on December 1, 2018.   Tryouts are held in the beginning of October.  The last game before Winter Break will be played on December 22, 2018, then...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
  Palos Verdes homes sales in the Palos Verdes Drive South neighborhood for the first half of 2018 increased to 17 single family homes sold in 2018 compared to 13 in 2017.  Price per square foot for Palos Verdes Drive South houses that sold in the first half of 2018 increased to $889 from $599 in 2017, a 48.4% increase.  Average sales price for Palos Verdes Drive South homes sold in the first half of 2018 increased to $2,481,706 in 2018 compared to $1,840,908 in 2017.  The most expensive Palos Verdes home sale in the Palos Verdes Drive South neighborhood was $6,399,999 and the lowest priced Palos Verdes home sale in the Palos Verdes Drive South neighborhood was $1,050,000. Currently, the Palos Verdes Drive South neighborhood has 22 Palos Verdes homes for sale.  There are 16 single fami...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Half Marathon and 10K and 5K run will be held on Saturday, November 17, 2018.  The Palos Verdes Marathon, which is part of the Lexus LaceUp Running Series, is being presented by Saucony.  Lexus is underwriting the costs of the event and will contribute funds raised to Kiwanis Club for their many scholarship programs. The Half Marathon will start and finish above the scenic Terranea Resort in Rancho Palos Verdes.  The course runs south on Palos Verdes Drive South gradually uphill, before a turn near Wayfarers Chapel.  Runners will pass Pelican Cove and the iconic Point Vicente Lighthouse, before turning left onto Calle Entradero.  Then it will continue on past beautiful Palos Verdes homes and return to Palos Verdes Drive Runners will then turn left on Via Pacheco before ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Mira Catalina neighborhood for the first half of 2018 decreased to 12 single family homes sold in 2018 compared to 17 in 2017.  Price per square foot for Mira Catalina houses that sold in the first half of 2018 increased to $591 from $589 in 2017, a 0.3% increase.  Average sales price for Mira Catalina homes sold in the first half of 2018 increased to $1,409,458 in 2018 compared to $1,405,529 in 2017.  The most expensive Palos Verdes home sale in the Mira Catalina neighborhood was $1,712,500 and the lowest priced Palos Verdes home sale in the Mira Catalina neighborhood was $1,070,000.Currently, the Mira Catalina neighborhood has 11 Palos Verdes homes for sale.  There are 11 single family homes for sale ranging in price from $989,000 for a 4 bedroom/2 bath...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 21 days of September 2018 are 34 homes which is an decrease from the 52 Palos Verdes homes sold in the first 21 days of August and a decrease from first 21 days of September 2017 (44).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from September 1st to date is $1,867,524 which is an increase from last month’s average of $1,724,149 for this same time period and an increase from $1,694,614 last September. In September 2018 to date, the highest priced Palos Verdes home sold for $6,100,000 and is located in the Country Club neighborhood of Rancho Palos Verdes and has 6 bedrooms, 10 baths and 7,676 square feet on a 37,114 s...
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