Aboutpv – What Makes Palos Verdes Residents Love Their Neighborhoods?

Aboutpv – What Makes Palos Verdes Residents Love Their Neighborhoods?

house for sale

Palos Verdes residents all live in one of 17 different Multiple Listing Service real estate areas. After reading an article published by Trulia called “What will make you fall even deeper in love with your neighborhood”, I realized that all of these different areas have something unique or special about them that made them your choice. The article brought up the fact that when purchasing or leasing a new home, you have to remember that you are becoming part of that neighborhood, and although they are not always equal, you have to find the aspects of a prospective neighborhood that closely matches your daily needs.
Below is the list of common components that were mentioned:
1. Lifestyle match
2. Pride in ownership
3. Low Crime Rate
4. Great Schools
5. Outdoor activities abound
6. Stepping back in time.
7. Family friendly
8. Close to public transportation
9. Nearby shopping & restaurants
10. Nightlife and entertainment
11. Walking ability
As you can see from the above list, there are unique components listed that in your desired neighborhood. Whether it be the school system, horse property, hiking areas or just wanting to be in a safe neighborhood, I feel you can find it here.

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.

What is happening in the Housing Market?

What is happening in the Housing Market?

Marshallfield - front

Recently, an article in Housing Newsletters caught my eye when it was discussing the reasons that housing has room to run. In Palos Verdes and the South Bay, prices seem to be increasing or holding their own when it comes to the market. As seen in my market surveys the market is still moving forward. Here are some of the tips that the article was stating.

Rates seem to be doing more rising than falling recently. In some areas home sales have been leveling off, but that also could be because of time of year. One of the first pieces of evidence was in the form of Friday’s Consumer Price Index CPI. This important inflation report has had a big impact on interest rates in 2017. If this data suggests that the Fed needs to hike rates faster or slower, the bond markets will quickly adjust to account for the shift in expectations.

At the end of 2016 the Fed felt that they could continue to hike rates due to the strong labor market and policies associated with the new administration. However, while continuing to hike rates inflation hasn’t risen to the Feds defense. In fact, inflation is trying to hold the line.

The sharp drop to recent lows is why the rates haven’t moved higher as forecaster predicted. Actually analysts expected inflation to begin lifting off from the lows citing the impact from higher fuel prices due to the hurricane season. While they did rise abruptly, other price measurements offset the fuel effect making the reading lower than expected.

The good new about low inflation is that it does help rates. Even the stock market doesn’t mind the news. Mostly they were already drifting higher due to reports earlier in the week. In focusing only on rates, good things area happening  with the inflation data helping to reinforce a bigger ceiling around 2.4% in terms of 10 yr Treasury yield which is the most followed benchmark for longer term rates such as mortgages..

Housing magazine this past week discussed mortgage lending guidelines, which could end up being twice as loose as they are now and that could bring us back in like with historical healthy levels.This would help bring more potential buyers into the market from the guideline changes .

Another interesting piece of the report from CoreLogic was the comparison of the current housing boom/bust cycle to past examples.  In many areas prices still haven’t crested to pre-crisis levels, which means there is more room to run. This does vary from market to market, but the bottom line is that some of the price appreciation that has been seen in the past 5 years has to do with how hard we fell at the start of the crisis.

Photo courtesy of the MLS.

 

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.

 

 

Palos Verdes 2017 Market Data Report 3rd Quarter YTD

Palos Verdes 2017 Market Data Report 3rd Quarter YTD

Marketing 3rd QtrPalos Verdes 2017 Market Data Report shows an increase in sales in all neighborhoods from 2016.

Currently, Mira Catalina has posted the largest gain in average sales price for Palos Verdes homes at 64%, followed by Monte Malaga at 37.5% and Lunada Bay at 15%. Lunada Bay posted the largest number of Palos Verdes homes sold to date in 2017 at 80, compared to 57 homes in 2016.

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

AboutPV Introduces AboutSouthBay.com

AboutPV Introduces AboutSouthBay.com

Gazebo at Roessler Point, Palos Verdes Estates, CA 90274

AboutPV has expanded and now has added it’s neighbor AboutSouthBay.com to it’s websites. Looking out from Roessler’s Gazebo over the south bay beaches, AboutSouthBay will be introducing to it’s readers not only local real estate news, but also weekly local events that will be taking place around the South Bay area.

Whether you area looking for that special home in the South Bay, a fun community event with the adult in mind, or a family event that you can enjoy with your children, we will give you a selection of places to go and things to visit.

Just give us a couple of weeks to get all local community links added to the site. We want this to become your go to site to keep you involved with upcoming events and community information, plus current real estate information.

Photo of the Roessler Point Gazebo.

 

 

 

Gorgeous Country Hills Home For Lease!

Gorgeous Country Hills Home For Lease 

My new lease listing is a gorgeous remodeled 2 story home located in the desirable Country Hills community for only $3,650/month. This lovely home has 3 good size bedrooms & 3 baths with additional space for an office. Enjoy a vaulted ceiling living room with fireplace, beautiful kitchen with granite counter tops which opens to a cozy family room. All new bedroom doors and closet doors. Private back yard with a nice patio. Award winning south Torrance schools, and great restaurants and shops in Hillside Village. You can also walk to the nearby De Portola Park.

If you have any questions about the property, or you wish to schedule a showing please contact me at (310) 686-4688.

Photo courtesy of the CRMLS.

 

Palos Verdes Residents Property Vesting Choices

Palos Verdes Residents Property Vesting Choices

Enrose - front

Palos Verdes buyers know to contact their attorneys or accountants when purchasing a home to inquire on how title should be held.  Each homeowner is different and First American Title wants to remind buyers that title to real property in California may be held by individuals, either in Sole Ownership or in Co-ownership. Co-ownership of real property occurs when title is held by two or more persons. there are several variation as to how title may be held in each type of ownership. I will break down the examples of each:

Sole Ownership – may be described as ownership by an individuals or other entity capable of acquiring title. 1.Such as a single man or woman, an unmarried man or woman,or a widow or widower. 2. A married man or woman as his or her sole and separate property. 3. A domestic partner as his of her sole and separate property.

Co-Ownership – title to property owned by two or more persons may be invested in the following forms: 1. Community Property , 2. Community Property with Right of Survivorship, 3. Joint Tenancy, 4. Tenancy in Common

Other ways of vesting title include: 1. Trustees of a Trust.

Photo courtesy of the Muliple Listing Service.

 

Palos Verdes Homeowners Ask “What is an Uninsured Deed”?

Palos Verdes Homeowners Ask “What is an Uninsured Deed”?

Peninsula 2

Palos Verdes homeowners need to be aware of the risk of an uninsured deed. Recently Ticor Title sent out a reminder to real estate agents regarding why this could be of concern. The most common problem of an Uninsured Deed comes in the form of a Quictclaim deed between family members. When a person gets added to title, this is a window of opportunity for those against him/her to attach to the property.

When you are selling your property, it is always best to use a realtor.  They will use a title company to make sure that a recorded Uninsured Deed will be shown on the Preliminary Title Report, which is for the protection of the homeowner to make sure the deed was not signed fraudulently or under duress which was the intention of the grantor to transfer title.

A realtor would know how to spot this kind of activity on a property profile. If they find that there is no title order number, escrow number, or even an accomodation stamp they will immediately notify the client. Without having this set of extra eyes, a homeowner may find themselves in need of an attorney to help settle their property issues.

 

 

 

Palos Verdes Condo Lease Reduced!

Palos Verdes Condo Lease Reduced!

Just reduced, my condo lease listing at 3605 Hidden Lane #202, in Rolling Hills Estates. Offered now at only $2280/month, you will find that this is the best priced condo unit currently available in this area on the Multiple Listing Service.

This unit is 2 bedrooms/2 baths, and is 951 square feet. It has a remodeled kitchen and bath with newer carpet. It is located in a wonderful condominium complex, with a swimming pool, spa, tennis court and much more.

Contact me for more information at www.tubasellspv.com.

Photo courtesy of the CRMLS.

Palos Verdes Quarterly Sales Report April – June 2017

Palos Verdes Quarterly Sales Report April – June 2017

Enrose - front

Palos Verdes real estate market has increased in the first six months of the year, with sales price and average square foot prices increasing.The overall area markets seem to be feeling the same movement with interest rates still low, and first time buyers getting the sticker price shock.

RE/MAX Estate Properties has put out an actual closed sales price report for Westside sales, South Bay sales, Palos Verdes and Harbor areas sales. To read more on each of these area statistics click here.

Above is my listing at 28623 N. Enrose Ave, Rancho Palos Verdes. This gorgeous home is in move in condition with 3 bedrooms/2 baths and 1,856 square feet. it has been remodeled with an open concept floor plan and new wood flooring throughout. It features a gorgeous kitchen with granite counter tops, stainless steel appliances and a large center island. With two fireplaces, and a large formal dining room this is a perfect home for entertaining. Come by my Open House this weekend on Saturday or Sunday from 1 – 4 p.m.

 

 

Charming Rancho Palos Verdes Home Open Saturday 1:00 – 5:00 p.m.

Charming Rancho Palos Verdes Home Open Saturday 1:00 – 5:00 p.m.

Enrose - front

This charming 3 bedroom, 2 bath, 1,856 square foot home, is located at 28623 N. Enrose Avenue in Rancho Palos Verdes. It is now on the market for only $948,800,   and I’m sure will not be on the market long. This home features an open concept, a remodeled kitchen with granite counters and large center island. The house has fireplaces located in both the living room, and the family room. There is also an additional room that can be used as an office or formal dining room.

This home is close to shopping, restaurants and the freeway. It is also within the Palos Verdes award winning school system.

This beautiful home will be held open this Saturday from 1:00 – 5:00 p.m.

To see the Virtual Tour of the property click here.

For more information on this property contact Tuba Ghannadi at (310) 686-4688.