Palos Verdes Neighborhoods Sales 2017

Palos Verdes Neighborhoods Sales 2017

Wolf connect year end 2017

Palos Verdes home sales for the year 2017 were 684, a slight decrease from the 692 homes that sold in 2016. The Lunada Bay/Margate area posted the highest number of homes sold in 2017. They had 71 sales, down from the 73 that were sold in 2016. The area of Monte Malaga had the highest gain in their home sales with 42 in 2017 and only 27 in 2016. Valmonte showed greater home sales with 52 sold in 2017, up from the 39 homes that sold in 2016, and Palos Verde Drive East showed 63 homes sold in 2017 and only 54 in 2016. The areas of Mira Catalina, Country Club, Peninsula Center and Silver Spur showed some gains in the number of homes sales, while Los Verdes showed the same 52 for both years. All of the other neighborhoods had a decrease in their sale numbers from the year 2016.

The chart above is courtesy of RE/MAX Estate Properties. For a larger view just click on it.


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

South Bay Fourth Quarter Sales Summary

South Bay Fourth Quarter Sales Summary

2017 4th qtr summary - remax_002

South Bay real estate sales for the fourth quarter showed great closing numbers for the many cities. El Segundo showed 38 closed sales, Gardena showed 122, Hawthorne showed 101, Hermosa Beach showed 51, Lawndale showed 42, Lomita showed 34, Manhattan Beach showed 89, Redondo Beach showed 188 and Torrance showed 259 closed sales.

To read more about the comparisons between October 2016 to December 2017, or for the average price per foot, number of homes for sale in this quarter, pending sales or days on market, go to the RE/MAX 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 Market Data Fourth Quarter Report

Palos Verdes Market Data Fourth Quarter Report
2017 4th qtr summary - remax

RE/MAX Estate Properties Palos Verdes Market Report is out for the last quarter of the 2017 year. I 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.

During the last quarter of 2017 Palos Verdes had 183 closed transactions, San Pedro had 154 and Harbor City had 52.

Currently, there are 111 single family homes for sale on the Palos Verdes Peninsula, priced from $855,000 to $40,000,000. There are also 19 condo/townhomes for sale priced from $395,000 to $1,825,000.

The RE/MAX Palos Verdes & Harbor Area Summary 2017 can be accessed by clicking 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.

New Multi-Unit Listing In Harbor City Only $998,800!

    New Multi-Unit Listing In Harbor City Only $998,800!
    257th Street

    I have a new listing at 1517 257th Street, Harbor City, that would be a great investment for multi unit owners. The property consists of four units with a front house and 3 units in back. It is well maintained with a newer roof, windows and flooring. Rents are currently under market. This would be an easy building to manage with a front house and 3 units in the back. There is a three car garage and there are 4 more parking spaces in the back.

    One of the two bedroom units is extra large and can be easily converted to a 3 bedroom unit.

    This is a great multi unit building, and will go fast. If you are interested in this great investment opportunity please give me a call at (310) 686-4688.

    Photo courtesy of the CRMLS.

Why Do A Final Walk-Through Before Closing Escrow?

Why Should Do A Final Walk-Through Before Closing Escrow?

Loan walk through

Palos Verdes homes owners should know how important the Final Walk-Through is on your newly purchased property. Loan America just put out an article which reflects the positive decision that homeowners need to make when completing their home purchase. Most real estate companies require that their agents make the Verification of Property Condition as their final disclosure documents. This is done to protect the buyer from any legal issues at a later date.

Loan America states in their article that after you’ve put alot of effort into finding the right house, you need to make sure that you do a final walk through to make sure that no changes have taken place on the property. This is not the time that you request new repairs, instead is just the time to make sure the condition of the home hasn’t changed since your last visit. The last thing you would want is to see any unexpected or unwanted changes made to the property.

When doing this final inspection you want to make sure that the sellers do not have any new property damage that could have taken place during the move out. That all furnishings have been taken out, and items that sere supposed to remain such as appliances, light fixtures or blinds haven’t been removed.

You can take this final walk through just a few days or a few hours before closing. Make sure that you bring any documentation with you that references everything that is to stay, and verify any repairs that were to have taken place. Remember, this is your last chance to give the property a once over before it legally becomes yours.

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.
Photo courtesy of Loan America.

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

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 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.