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Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The 61st Annual Rolling Hills Estates City Celebration will be held on Saturday, September 15, 2018, from 9:00 a.m. to 5:00 p.m. at Empty Saddle Club.  This is an old fashioned celebration where Palos Verdes homes owners can enjoy activities all day such as equestrian events, hay wagon rides, pony rides, a petting zoo, watermelon eating contest, horse shoe and corn bag toss competitions, dunk tank, water balloon toss, hay jumping and corn kernel pit.  Some of the equestrian activities will include horsemanship events & trail obstacle course, the Lomita Sheriff Posse Color Guard, as well as a performance by the Junior Drill Team. If you want to try your luck in the 27th Annual Poker Ride, you can join for $10 per hand as a card playing carriage driver or horseback rider.  Non-riders who...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
                        The Palos Verdes Golf Club is currently accepting applications for new membership, as the current waiting list is low as of July 23, 2018.  There is guaranteed priority admission given to Palos Verdes Estate residential property owners.  If you have ever had an interest in joining Palos Verdes Golf Club, you may want to take advantage of the current low wait list. The membership fee to join is $49,000, with a monthly charge of $740.  There is also a small quarterly minimum food/beverage charge of $300.The Palos Verdes Golf Club was built by the renowned design team of William Bell, and architect George Thomas in 1924, and is located in the city of Palos Verdes Estates.  This famous team also designed the golf courses at the Riviera and Bel Air Country Clubs, the ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Welcome to my new Palos Verdes Estates real estate listing offered at $2,186,000. This home is located at 4057 Via Valmonte, in Palos Verdes Estates. This gorgeous 4, bedroom, 4 bath, 2,797 square foot home sits on a 9,292 square foot lot in the desirable Valmonte neighborhood.This gorgeous custom home was rebuilt in 2008 and has a great city light view. You will absolutely fall in love with this immaculate, charming and irresistible home in the highly desired Valmonte neighborhood. A dream home in every respect, and it welcomes you to an entryway with no steps to the nice front door. The main house has 3 bedrooms and 3.5 bathrooms which includes 400 SQFT of mezzanine with a beautiful custom made spiral stairway with 1/2 bath. Vaulted ceiling living room with fireplace leads you through...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Palos Verdes Peninsula residents are looking forward to the annual Portuguese Bend National Horse Show that will be held at Ernie Howlett Park, beginning on Friday, September 7, through Sunday, September 9, 2018. This prestigious A-rated event offers three full days of a wide variety of special equestrian events. The show offers activities in both riding rings including the prestigious Pacific Coast Horse Association Horsemanship Medal Finals for riders 14 and under and the PCHA Victor Hugo Vidal Adult Horsemanship Class for riders 35 and over. In addition, the $10,000 Harman Family Jr-A/O Jumper Classic and the $15,000 Seahorse Jumper Classic promise to challenge some of the West Coast’s finest Jumper riders over a difficult and exciting course.This show is the most popular three day e...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes home owners will be supporting our local “The Hills Are Alive Race” which benefits Rolling Hills Estates’ Pepper Tree Foundation.  This race is considered to be one of the oldest and finest trail races in Southern California.  The Pepper Tree Foundation was established in 1982 to promote citizen contributions and donations to enrich the quality of  life in Rolling Hills Estates.  The foundation has provided trees, benches, picnic tables and other items which enhance and preserve the city parks and open spaces.  This year the Pepper Tree Foundation will partner with UCLA Health, and this 37th annual race will take place on Saturday, August 11, 2018, beginning at 8:00 a.m.Participants will enjoy running or walking on the soft packed bridle trails throughout scenic Rolling Hil...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of August 2018, 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:  Pints for the Peninsula at Smog City Brewery with the Palos Verdes Peninsula Land Conservancy.  Every Thursday in August from 3:00 p.m. to 10:00 p.m., enjoy hand crafted local beer and support the Conservancy at the same time. The brewery is located at 1901 Del Amo Blvd., Torrance. Guided Nature Walk by Palos Verdes Land Conservancy will take place at Friendship Park, on Saturday, August 11, 2018, at 9:00 a.m.  This walk will take in some of the best harbor and Catalina views on the eastern s...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate prices increased for the first half of 2018 with increases in average price per square foot and average sales price.  The number of Palos Verdes homes sold in the first half of 2018 was lower than the first half of 2017 (340 compared to 350).  2018 first half average sales price for Palos Verdes homes increased compared to the first half of 2017 – $1,858,726 compared to $1,771,421.  Average price per square foot for Palos Verdes homes sold in the first half of 2018 was $656 compared to $634 for the same time period in 2017 – an increase of 3.5%.  Median sales price in the first half of 2018 increased 9.5%.The mix of Palos Verdes homes sales for the first half of 2018 showed less sales in the $2,000,000 to $5,000,000 range, less sales under $1,000,000, and more s...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
Palos Verdes residents are aware that our community safety depends on both law enforcement and citizen organizations. The National Night Out program is an annual community building campaign that promotes police & community parnerships to make our neighborhoods safer. This idea helps to enhance neigborhood relationships to bring back a true sense of community, plus it provides a great opportunity to bring everyone together under positive circumstances. Neighbors can meet one another and get their community sense going to prevent crime from happening within their neighborhoods.This program is held in all 50 states and every U.S. military base. In Palos Verdes Estates, the event will be held in neighborhoods around the city on Tuesday, August 7, 2018, from 5:30 to 8:00 p.m. On the Palos Ve...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales June 2018 for Palos Verdes homes increased compared to May.  82 Palos Verdes houses sold in June compared to the 63 homes sold in May and decreased compared to the 93 homes that sold in June 2017.  There were 78 Palos Verdes single family homes pending in June which increased from the 68 homes pending in May.  The number of active Palos Verdes homes for sale in June (225) increased from the 190 homes for sale in May. Average sales price for Palos Verdes homes sold in June increased to $2,025,000 from $1,924,000 in May and increased from the $1,739,000 in June 2017.  Price per square foot for Palos Verdes houses that sold/closed escrow in June decreased to $635 from May ($683).  Average days on market in June increased to 54 days from 37 days in May.  Month...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2017 Palos Verdes homes sales for the Silver Spur neighborhood increased to 58 single family homes sold compared to 53 in 2016.  Price per square foot for Silver Spur houses that sold in the first half of 2017 increased to $637 compared to $617 in 2016 a 3.2% increase.  Average sale price for Silver Spur homes sold in 2017 was $1,140,044 compared to $1,180,366 in 2016.  The most expensive home sold for $1,710,000 and the lowest priced home sold for $860,000. Currently, Silver Spur has 9 active Palos Verdes home for sale.  There are 9 single family homes priced from $1,000,000 for a 3 bedroom/2 bath, 1,479 square foot home, to $1,549,000 for a 4 bedroom/3 bath, 2,382 square foot home.  There are no condo/townhomes for sale in this area. For background and history on Silver Spur Listing A...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
This Sunday, July 29, 2018, Palos Verdes residents have a great opportunity to see “Shakespeare By The Sea” performers celebrating their 21st year by presenting “The Merry Wives of Windsor” beginning at 7:00 p.m., at the Terranea Resort. This fun show is a story full of mischief and mayhem galore.These shows give Palos Verdes homes owners a chance to relax and enjoy live outdoor entertainment here on our beautiful Palos Verdes Peninsula. For this show you are not allowed to bring in food, but you can purchase food at Terranea. There is a $10 parking fee at the resort. Remember you will be sitting on the coast, in the grassy amphitheater area so it is recommended that you may want to layer your clothing. Blankets and low back chairs are recommended.To learn more about the “Shakespearre b...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of condos and townhomes listed for sale on the Palos Verdes Peninsula at the end of June is 17% higher than at this time last year but the number of homes sold during the last three months is down 7% compared to the prior year, but still resulting in unsold inventory of just 1 month supply. Prices of $479 per square foot are up approx. 10% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. The market has also been very active with condos and townhomes taking only approx. 1 month to sell.The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 34 units at the end of June is up approx. 17% compared to this time a year ago. The average number of sales per month over the last 3 month...
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By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
Summary: The number of homes listed for sale on the Palos Verdes Peninsula has increased to seasonal levels of 225 homes, the same as at this time last year but the number of homes sold during the last three months is 8% lower compared to the prior year, resulting in unsold inventory of a bit over 3 months supply. Prices per square foot are up approx. 3% compared to the prior year's quarterly average. Lower priced homes are moving faster than the upper end of the market. The market has also been very active with houses taking  less than 2 months to sell. The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of June of 225 properties is the same as at the same time last year, and the average number of homes sold per month of 67 over the last 3 months ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
This is my new lease listing located at 29132 Warnick Road, in Rancho Palos Verdes.  This warm and inviting home has a modern floor plan and is in renovated condition. It is a 4 bedroom, 2 bath, 2,247 square foot home that is being leased for only $4600/month, and will be available on August 13, 2018. It has a remodeled kitchen, remodeled baths, open floor plan, vauled ceilings and wide plank white oak flooring on the main floor. The upstairs has neutral carpeting, and partial ocean views. The professionally landscaped backyard and patio are the perfect spot to relax and entertain friends and family. This house is conveniently located to 3 Award Winning Palos Verdes Schools, Hesse & Ryan Parks and the Peninsula Center.This house is located in the beautiful Los Verdes area. If you are in...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
The Lunada Bay Summer Concerts Series 2018, which is hosted by the Lunada Bay Homeowners Association, takes place at Lunada Bay Park in Palos Verdes Estates. This is a great opportunity for Palos Verdes homes owners to enjoy the summer weather, grab a picnic dinner, bring a low back beach chair or blanket, and enjoy some music outdoors with your neighbors.   This year’s series has begun welcoming new local artists to the program, plus a variety of food and beverages will be available for purchase in support of LBHOA and the local businesses.  There is also a “Kids Corner” with arts and crafts for the little ones to enjoy.  The concerts start at 5:00 p.m. (except for August 26 which will start at 3:00 p.m.) and will be held on the following Sundays: July 22, August 12 and August 26, 2018...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners know that summer is a great time to enjoy the outdoors with family.  The City of Rancho Palos Verdes has arranged for several free movie nights for families to enjoy.  The movie “Coco” will be presented on Saturday, July 21, 2018, at Rancho Palos Verdes City Hall.  Children’s activities will begin at 6:30 p.m.  Food trucks will be arriving and serving at 6:45 p.m.  The movie is scheduled to start at 8:15 p.m.  This event is free and food can be purchased from the food trucks.Rancho Palos Verdes City Hall is located at 30940 Hawthorne Blvd., Rancho Palos Verdes.On Saturday, August 18, 2018, at Eastview Park “Peter Rabbit” will be presented.  Children’s activities will begin at 6:30 p.m.  The food trucks will start serving at 6:45 p.m.  The movie is scheduled to ...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
If your looking to lease a great view home, this is for you! This is my new Rancho Palos Verdes single family home lease listing for only $4900 a month. The home is located at 6887 Vallon Drive, in Rancho Palos Verdes, and is a wonderful 4 bedroom, 3 bath, 2,961 square foot home located in the La Cresta neighborhood.Welcome to this gorgeous home which features ocean and golf course views. Upon entering you will be drawn to the openess of the entry, and the vaulted ceiling living room. The newer and bright kitchen has stainless steel appliances and a relaxing breakfast area that overlooks the golf course. There is a formal dining room, and a large family room with a built-in bar for entertaining. This spacious home also has a remodeled master bath and guest bathroom. The house boasts alm...
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By Tuba Ghannadi, In Harmony With Your Real Estate Needs
(RE/MAX Estate Properties)
 The Palos Verdes Market Data Report for the 2nd quarter of 2018 shows a total of 340 homes closed escrow, compared to 350 homes that sold in the first six months of 2017. The average price for Palos Verdes homes sold in these six months was $1,858,726 compared to $1,771,431 in 2017, which is a 4.9% increase. The average price per square foot during these first six months was $656 compared to $634 in 2017, which is a 3.5% increase.The neighborhood listing area that sold the most homes during these first six months was Lunada Bay/Margate with a total of 39. Coming in second was Palos Verdes Drive East with 35 closed sales, and Palos Verdes Drive North had 32 closed sales.Currently, Palos Verdes has 243 homes for sale. There are 213 single family homes for sale starting at $695,000 for a ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
           Palos Verdes homes owners have choices for local swim program/camps.  The San Pedro & Peninsula YMCA in partnership with the City of Rolling Hills Estates and the City of Rancho Palos Verdes offer swim classes, mommy and me classes, lap swim and recreational swim at Palos Verdes Peninsula High School now through August 10, 2018.  This is a great program for swimmers of all levels.  Classes will be offered from 10:30 a.m. through 1:00 p.m. with open swim from 9:30 a.m. to 10:30 a.m. on Tuesday through Friday.  The class sessions are $90 for Rancho Palos Verdes & Rolling Hills Estates residents, $125 for non residents, $75 for private lessons and $3 for open swim.  The three remaining swim class sessions are listed below:Session 2 – June 26 – July 6, 2018Session 3 – July 17 – J...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 22 days of June 2018 are 55 homes which is an increase from the 46 Palos Verdes homes sold in the first 22 days of May and an decrease from first 22 days of June 2017 (64).  (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 June 1st to date is $2,089,384 which is an increase from last month’s average of $2,005,576 for this same time period and an increase from $1,750,786 last June. In June 2018 to date, the highest priced Palos Verdes home sold for $9,250,000 and is located in the Malaga Cove neighborhood of Palos Verdes Estates and has 5 bedrooms, 6 baths and 7,590 square feet on a 23,854 square foot lot.  This beauti...
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