Palos Verdes Market Data Report for 2017

RE/MAX Estate Properties Palos Verdes Market Report is out for the year 2017, and we will be discussing the results of the report within the next few days. The Market Data Report shows the number of single family residents properties that have sold and what the average price ranges are. Some of the information that we will be covering are the number of units sold, average square foot range, price range, average price comparisons (2016-2017) and average price per square foot.

The neighborhoods that we will be covering are: Lunada Bay/Margate, Monte Malaga, Malaga Cove, Valmonte, PV Drive North, Rolling Hills, PV Drive East, Mira Catalina, PV Drive South, West Palos Verdes, Country Club, La Cresta, Los Verdes, Crest, Peninsula Center, Silver Spur and Eastview/RPV.

If you have any questions about the real estate market, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

Marketing Report -remax - fourth quarter 2017

Aboutpv – What Happens After The Holidays!

Aboutpv – What Happens After The Holidays!
transit bus

Palos Verdes Peninsula residents know that after the Hanukkah & Christmas holidays there is always lots of extra trash that is needed to be picked up.Each city has it’s own special programs for trees and extra packaging.

The City of Palos Verdes Estates will be picking up Christmas trees starting one week after the holiday, from January 1 through January 15, 2018. Please leave them in the same area as your green pick up. The City of Rolling Hills will be picking up trees starting December 26, through January 19,2018, and all trees over 6 feel must be cut in half. The City of Rancho Palos Verdes will start tree pick up service on December 26 through January 15, 2018, and any tree over 4 feet high should be cut in half. Rolling Hills Estates will be picking up trees from December 26 through January 13, 2018. Each of the above cities are requesting to please put trash in separate containers.

Palos Verdes Transit will once again be offering their free New Year’s Eve rides here on the Peninsula.This bus service is available to any Palos Verdes Peninsula resident from 6:00 p.m. on December 31, 2017, to 2:00 a.m. on January 1, 2018. It can be used to and from a restaurant, party or even just a small get together. Additionally, Palos Verdes Transit will pick you up from your own home and return you there at the end of the evening. The PV Transit has been offering this free service for years and it is just one of the great services available to Palos Verdes residents. To schedule you can call Palos Verdes Tansit after December 27, 2017, at (310) 544-3710, to schedule your ride share.

Photo courtesy of Palos Verdes Transit.

If you have any questions about the real estate market in this area, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

Aboutpv – When Will Santa Be Coming To Palos Verdes?

Aboutpv – When Will Santa Be Coming To Palos Verdes?

Malaga cove fountain
Santa is making his way around the Palos Verdes Peninsula starting today Monday, December 18, 2017. Santa will visit the Valmonte Learning Academy (VELA) located at 3801 Via La Selva, Palos Verdes Estates, from 5:00 p.m. to 6:00 p.m., Montemalaga Elementary School located at 1121 Via Nogales, Palos Verdes Estates, from 6:00 p.m. to 7:00 p.m., and Lunada Bay Little League Field located at 2020 Palos Verdes Drive West, Palos Verdes Estates, from 7:00 p.m. to 8:00 p.m. At these locations, there will be lots of holiday spirit with refreshments and picture opportunities for you and your family.

Santa will also be visiting Malaga Cove Plaza on December 24, 2017. Santa will come to Coronel Plaza at 5:15 p.m. and then around 5:30 p.m. the parade will make its way to Malaga Cove Plaza for Santa visits from 6:00 p.m. to 7:00 p.m. This will be a great opportunity for children to share their last minute gift requests with Santa.

If you have any questions about the real estate market in this area where Santa loves to visit, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

South Bay Real Estate November Sales Report

South Bay Real Estate November Sales Report
RE-MAX South Bay november

South Bay real estate sales for November showed great closing numbers for the many cities. In November, El Segundo showed 12 closed sales, Gardena showed 39, Hawthorne showed 27, Hermosa Beach showed 18, Lawndale showed 17, Lomita showed 9, Manhattan Beach showed 35, Redondo Beach showed 65 and Torrance showed 89 closed sales.

To read more about the comparisons between November 2016 to November 2017, or for the average price per foot, number of homes for sale in November, pending sales or days on market, go to the Market Intelligence Report listed below.

For more information on the RE/MAX South Bay Market Intelligence Report click here.

If you have any questions about the real estate market in this area, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

Palos Verdes Real Estate November Sales

Palos Verdes Real Estate November Sales

Re-max december chart

Palos Verdes Peninsula real estate sales for November showed a bit of slowing from the month before, but they have proven that the market is still showing a continuing high demand for Palos Verdes homes. During the month of November there were 39 closed transactions. The sold home prices for the month were from $980,000 for a 3 bedroom, 2 bath, 1,643 square foot home, to a 7 bedroom, 8 bath, 5,300 square foot single family home for $4,950,000. The average price of homes sold in November was $1,794,513.

Currently, there are 146 single family homes for sale in the 160-177 MLS areas, and 21 condo/townhomes for sale.

For more information on the Palos Verdes & Harbor Market Intelligence Report click here.

Palos Verdes Peninsula’s General Store

Palos Verdes Peninsula’s General Store

General Store blog

Palos Verdes longtime residents have different stories about how the “General Store” in Rolling Hills Estates began. Some say that it was constructed in 1928 as a community theatre, others as a nursery school inside with a small market and a gas pump.

The General Store was known in 1938 as the Rolling Hills Market. This was even before Rolling Hills Estates was incorporated (which happened in 1957) so at that time the paperwork on the market was issued in Lomita to the Palos Verdes Corp. Over the years of its existence, other enterprises were added to the market. A small US Post office open in the late 1930′s or early 1940′s, and operated for years, but was closed in 2013. In 1977 the property was designated as a historical landmark.

In 1984 Jim Kelly opened up Kelly’s Korner which still stands today as a popular deli/sandwich shop. To this day you still can find equestrian items for sale and there is even a bulletin board outside kept up by the Palos Verdes Peninsula Horsemen’s Association which keeps the public updated of horse related happenings on the peninsula.

The Rolling Hills General Store is open Monday thru Saturday from 9:30 a.m. to 6:00 p.m., and on Sunday from 12:00 to 4:00 p.m. It is located at 26947 Rollng Hills Road, Rolling Hills Estates. For more informaton you can contact the store at 310-541-3668.

Photo courtesy of the City of Rolling Hills Estates.

If you have any questions about the real estate market in this area, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

Palos Verdes Residents Ask Where Do Our Property Tax Dollars Go?

house-for-sale2Palos Verdes Residents Ask Where Do Our Property Tax Dollars Go?

Palos Verdes residents are once again getting ready to pay their property taxes by December 10. Many buyers especially new property owners, are perplexed as to why property taxes are so high. Depending on the area where you reside, the tax usage is pretty much the same. Cities, counties and school districts rely on your property taxes to raise money for their budgets. The local government then uses the money collected to provide many public and local public services.

The local school district accounts for a significant percentage of the money from local property taxes. Although some of the monies do come from federal and state government, school districts rely heavily on the property taxes for support. Each school district varies on the local tax base.

Peninsula property owners realize that a good amount of the tax dollars goes to supporting the salaries and benefits of public safety officers. Added to that cost is the maintaining of fire stations and keeping police and fire vehicles on the road, obviously needed to keep our residents safe.

Maintaining public streets and roadways is also one of the main uses of these dollars. This maintenance helps to ensure public safety in our areas. Also included is the upkeep of street lights and traffic lights within the city limits, patching potholes and at times road maintenance to make improvement. Occasionally the dollars are used to fund improvements to water and sewer lines, storm drains and other improvements.

If you have any questions about the real estate market, or if you are interested in selling or purchasing residential or commercial property please feel free to contact me.

About South Bay Holiday Events

About South Bay Holiday Events
manhattan fireworks show pic

AboutSouthBay.com wants to bring some holiday cheer to all those in the community young and old, by listing some fun local holiday events that are taking place in the area. Listed below are but a few of the fun events in the area this weekend.

The 26th Annual King Harbor Holiday Boat Parade will take place on Saturday, December 9, 2017, starting at 4:00 p.m. At that time the Grand Marshall’s Boat “Disappearance” will start off the parade with a music selection to get the crowd going. The Grand Marshall this year will be Vera Jiminez Meteorologist for the KTLA Evening News.The parade will start at 4:30 p.m., and be followed by cannons and lots of decorated boats. This is a fun event and it is suggested that you arrive early to avoid traffic.

Manhattan Beach will be bringing in their holiday fun by having their 29th Annual Fireworks Show.The Sketchers Manhattan Beach Holiday Fireworks Festival is held at the Pier every year in December. This year’s show will be taking place on Sunday, December 10, 2017. This is a fun event where you can bring beach chairs, blankets and a picnic dinner to hold your place for this spectacular show. You can start putting down blankets between 2:30 – 4:30 p.m. The music program will be serenading the crowd at 4:00 p.m., which is about the time the Santa float will be coming around, and Skechers Snow Park and Sled Hill will be starting and continuing till 6:30 pm. If you bring an unwrapped toy or cash donation you can join in the fun event which benefits the YMCA Adventures Guides Toy Drive. The fireworks show will begin at 7:00 and as always will bring a cheering crowd.

For more information contact Pete Moffett, Manhattan Beach Holiday Fireworks founder and producer by going to mbfireworks.com.