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Another Glimmer of Hope - 07/28/09 01:22 PM
I have written several articles in the last couple of weeks about the current status of Palos Verdes real estate. We have had better sales numbers in June compared to May. Now Peter Hong of the Los Angeles Times, who is usually ultra conservative, has written an article entitled, "Southern California median home prices surges in June".
Could it be that we are finally turning the corner? Hong writes, "Southern California home prices may have finally hit bottom, with median values rising last month for the first significant increase in two years..." "I think we can now say with fair degree … (3 comments)
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When Did Your Home Become A House? - 07/24/09 12:47 PM
Recently, a client asked me "Exactly when did we start viewing our homes as an investment rather than the place we live with our family?" I didn't have an answer for her. I knew what she meant though. Originally, we purchased a home for shelter and then because we needed more space or wanted our children to go to a particular school or needed to be closer to our job. Now, we have those same needs but also ask ourselves the question, "How much will this house appreciate; how much money will I make?"
Do we ask ourselves that same question … (7 comments)
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June 2009 Market Statistics - 07/23/09 01:04 PM
Statistics for single family homes for the month of June for Palos Verdes real estate are now available and as I indicated in my post earlier this week, "Good News for Palos Verdes Real Estate," the numbers are looking better. June 2009 had nearly twice as many closed sales (47) and one additional pending sale compared to May 2009. Months of inventory (months it would take to sell existing inventory at the current rate of sale) decreased to 6 months for June 2009 compared to almost 12 months in May 2009. Click here to continue reading.....
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Top Tuesday Tour Tips - 07/22/09 11:30 AM
There were 22 homes on the July 7, 2009, Palos Verdes real estate Broker's Tour. We currently have 293 active single family homes for sale in Palos Verdes ranging in price from $799,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $475,000). There are 51 townhomes/condos for sale priced between $250,000 and $950,000. My favorites were: Click here to continue reading....
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Good News for Palos Verdes Real Estate - 07/17/09 11:51 AM
Preliminary sales figures for Palos Verdes real estate for June 2009 show an upswing in single family homes sales compared to both May 2009 and June 2008 which is significant. That is good news for Palos Verdes real estate!
June 2009 has 48 closed sales compared to 24 in May - twice as many sales. And June of 2008 had only 38 closed sales compared to 48 this June. It looks like buyers have moved "off the fence". Another interesting statistic is the "mix" for last month. Click here to continue reading.....
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Top Tuesday Tour Tips - 07/16/09 11:11 AM
There were 22 homes on the July 7, 2009, Palos Verdes real estate Broker's Tour. We currently have 293 active single family homes for sale in Palos Verdes ranging in price from $799,000 in Rolling Hills Estates to $18,900,000 in Rolling Hills (the low in Eastview is $475,000). There are 51 townhomes/condso for sale priced between $250,000 and $950,000. My favorites were: Click here to continue reading......
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Financial/Mortgage Update - 07/10/09 01:21 PM
Mortgage rates have been see-sawing up and down a bit for the Palos Verdes real estate market. A 30-year fixed conforming loan is 4.875% which is a quarter percent higher than 2 months ago and a quarter percent lower than last week. A 5/1 Year ARM is 3.875% and a 5/1 Interest Only loan is 4%.
30-year Fixed Jumbo rates are 6.125% for borrowers with FICO scores over 740 and 30% down. A jumbo 5/1 Year ARM is 5.125% and a 5/1 Interest Only loan is 5.25%. Click here to continue reading.....
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2009 Free Summer Fun.... - 07/07/09 03:40 PM
Free summer fun in Palos Verdes Peninsula is not just for owners of Palos Verdes real estate, but is open to all. Here are some of the events to chose from this summer:
The Lunada Bay Homeowners Association will be hosting "Summer Concerts in the Park" at Lunada Bay Park, Palos Verdes Estates, from 6:00 p.m. to 8:00 p.m. on July 9 (Beth Rhode & Guests - Brazilian Jazz) and July 26 (Marti Harris & Friends - Jazz). It is recommended that you bring low beach chairs or blankets and a picnic dinner and enjoy the music. Click here to continue reading....
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Palos Verdes Trails and Hikes - 07/01/09 01:27 PM
After being inspired by the oceanfront trails at Terrenea, I was on a quest to find other hikes and trails on the Palos Verdes Peninsula. I came across an excellent book compiled by the Palos Verdes Peninsula Land Conservancy entitled, "Best Hikes On The Palos Verdes Peninsula".
The book lists 32 separate trails and specifies the round trip distance, the highest & lowest elevation of the trail, directions to the trail head & where to park, and what amenities (public restrooms, picnic tables, etc) if any. There are also aerial photos of the trail as well as photos highlighting various … (1 comments)
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Elaine Carlson
Palos Verdes Peninsula,
CA
More about me…
Remax Palos Verdes Realty
Office Phone: (310) 802-2393
Cell Phone: (310) 701-5698
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