There were 10 homes on the October 13, 2009, Palos Verdes real estate Broker's Tour.  We currently have 247 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $600,000).  There are 56 townhome/condos for sale priced between $220,000 and $1,500,000.  My favorites were:

Pearl Kaperl's 4324 Cartesian Circle, Palos Verdes Peninsula, (above top) is a 5 bedroom, 4 bath, 3,384 square foot home for $1,599,000.  This Academy Hill home has updated kitchen and baths as well as a fabulous outdoor entertaining area with pool, spa, rock water fall, built-in barbecue and firepit.  Cindy Chew's 14 Hitching Post, Rolling Hills Estates, (above bottom) is a 4 bedroom, 4 bath, 2,847 square foot home for $1,189,000.  This Palos Verdes Drive North home has an elegant Southern style balcony, a separate bonus room and a separate wine cellar.

Rick Edler's 36 Eastfield Drive, Rolling Hills, (above) is a 6 bedroom, 7 bath, 6,000 square foot home for $3,999,000.  This Rolling Hills estate designed by famous architect Chris Gunderson features panoramic views and an enormous great room which opens to an infinity pool.

Statistics for the month of September for Palos Verdes real estate are now available and for the numbers indicate stability for the last 5 months.  As you will note from the graph above, the number of active single family homes for sale in Palos Verdes has been falling for the last several months and is an all time low (for the last 15 months) of 247.   For the month of September, there were 49 homes that sold/closed escrow (August had 51) and 64 homes had pending sales (the same as September).

The average price for homes that sold in September was $1,343,000 and the average for the last five months was $1,327,000.  Average Days on Market for the last 5 months have fluctuated between 66 and 88 days; for September the Average Days on Market was 77.  Months of Inventory (months it would take to sell existing inventory at the current rate of sale) for September was 5 months down from 5.4 months in August.  Entire charts can be accessed by clicking here .

Currently, there are 246 single family homes for sale on the Palos Verdes Peninsula.  Additionally 52 homes have pending sales, 48 homes are in escrow accepting backup offers and 21 homes have sold/closed escrow in the first 11 days of October.

There were 18 homes on the September 29, 2009, Palos Verdes real estate Broker's Tour. We currently have 248 active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $565,000). There are 60 townhome for sale price between $218,000 and $1,500,000. My favorites were:  Click here to continue reading.....

In Washington and beyond, the discussion is stirring as to whether to extend the First Time Home Buyer Tax Credit of $8,000 which is set to end November 30, 2009. I believe extending this credit will benefit homeowners across the board including owners of Palos Verdes Real Estate.

At first glance, it may not look beneficial to owners of Palos Verdes real estate because the applicant's income cannot exceed $75,000 (or $150,000 for married couples) and property values here begin in the $700,000s.  Click here to continue reading......

More good news for Palos Verdes real estate!  Southern California median home prices rose again for the fourth straight month as reported in the Los Angeles Times this week.  "And although home values are still dropping in many neighborhoods, rising home sales and median prices are "all symptomatic of a bottoming out" and the worst days of the housing market are probably over, Leamer said." (UCLA economist Edward Leamer).  Click here to continue reading.....

There were 23 homes on the September 15, 2009, Palos Verdes real estate Broker's Tour.  We currently have 259 active single family homes for sale in Palos  Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $599,000).  There are 49 townhomes/condos for sale priced between $218,000 and $1,500,000.  My favorites were:  Click here to continue reading.....

Statistics for the month of August for Palos Verdes real estate are now available an for the third month in a row, the numbers are looking better.  As you will note from the graph above, the number of active single family homes for sale in Palos Verdes have fallen from 434 August 2008 to 325 in August 2009.  Additionally, for August 2009 both pending sales and sold/closed escrows have almost doubled (88 Pending and 75 Sold) from August 2008 (49 Pending and 38 Sold). Click here to continue reading....

On Saturday morning, September 12, we will see 100 antique and classic cars driving around the Palos Verdes Peninsula as part of the Palos Verdes Concours Tour d'Epicure Road Rallye.  This year's theme is "A Tale of Two Lights", a mystery about the Point Vicente and Point Fermin lighthouses.

On Sunday, September 13, the Concours d'Elegance will begin at 10:00 a.m. to 4:00 p.m. at Trump National Golf Club in Rancho Palos Verdes. This year's car show features an Italian theme with the Maserati as the marque car along with other Italian Classics, Italian Motorcycles and Race Cars. Click here to continue reading....

Palos Verdes experienced 2 different fires within one week and owners of Palos Verdes real estate were lucky that there was no loss of life or homes.  The most recent fire on Thursday (above) was caused by a single car accident on Crenshaw resulting in a fire which quickly spread uphill toward Chadwick School and homes in Academy Hill.  There were 2 large scooper planes that filled themselves with ocean water and came back over the fire and dumped their water. Click here to continue reading.....

There were only 15 homes on the September 1, 2009 Palos Verdes real estate Broker's Tour.  I think it was a light tour because it was the first day of school for the Palos Verdes School District.  We currently have 267  active single family homes for sale in Palos Verdes ranging in price from $750,000 in Rancho Palos Verdes to $18,900,000 in Rolling Hills (the low in Eastview is $615,000).  There are 47 townhomes/condos for sale priced between @250,000 and $1,500,000.  My favorites were:  Click here to continue reading.....