http://viacoronel.com    $2,900,000

This is an absolutely stunning Ocean View property and entertainers delight. It has been remodeled from the ground up with designer touches and no expense was spared. Throughout the house are Walker and Zanger stone and tiles. Most of the stone floors are heated, including the kitchen. It has a huge formal living room, beautiful entry with wrought iron railing, elegant formal dining room and one of the nicest gourmet kitchens you will ever see! It has Viking appliances (all professional), 6 burner stove with two ovens, another oven and microwave, warming drawer, wine cooler, ice maker and a big Sub-zero refrigerator. Granite counters and island with sink. Built in vacuum system. Two family rooms, one with a custom bar. 5 bedrooms plus office including Suite with a gorgeous master bath. House is wired for Cat6, HDMI and Cameras. Private backyard with black bottom pool with waterfall. View meditation garden. Four car (tandem) garage and circular driveway.

The Graph tells the story.

There are currently 122 single Family homes for sale and 24 Condo's and Townhomes for sale. Single family homes start at $330,000 for studio with 1 bath, 663 sq.ft home on a 1300 sq.ft.lot to $6.995 million for a 4 br, 7 bath, 7800 sq.ft home on a 57,000 sq.ft lot. Condo's and townhomes start at $349,800 on the east side of the hill for a 1 br, 1 bath and go up to $795,000 for a 2 br, 3 bath..

There are currently 79 homes in escrow... Average time on the market is about 69 days.

There are currently 105 single Family homes for sale and 40 Condo's and Townhomes for sale. Single family homes start at $849,000 for 3 br, 2 bath, 1800 sq.ft home on a 15,000 sq.ft.lot to $6.9 million for a 5 br, 7 bath, 10,000 sq.ft home on a 30,000 sq.ft lot. Condo's and townhomes start at $249,000 on the east side of the hill for a 2 br, 2 bath and go up to $925,000 for a 3 br, 3 bath overlooking Point Vincente Park with Catalina Views.

There are currently 39 homes in escrow... Average time on the market is about 79 days.

There are currently 128 active listings for property for sale. Prices range from $619,000 for a 2 bedroom, 1 bath home off Palos Verdes Drive East to $6,900,000 for 5 Bedrooms, 7 Bath home on Emerald View Drive. That is overlooking Trump National Golf course.

Rancho Palos verdes boasts wonderful ocean views and excellent schools and very much nmore.

Anyone who may have been driving down Hawthorne Blvd this morning facing Catalina island was in for a treat. The ocean was like a mirror reflecting all the majesty of the whole island. It was a postcard scene. It was just another special day in Rancho Palos Verdes.

The market continues to hold up better here than most other area's of the state. At the current time there are 139 single family residences for sale in the city from $578,000 (short sale) to $6,900,000. There are currently 36 homes in escrow and the average time on the market is still around 95 days.

I continue to advise all my clients to get approved for their loans with 2 different lenders in this tough credit market. All the lenders I recommend don't mind this, because they know us Realtors have been competing with each other even during the good markets.

Having seen the dow jones average go down 35% this year, I still believe real estate should be everyones primary investment.

 

There are currently 133 single Family homes for sale and 29 Condo's and Townhomes for sale. Single family homes start at $569,000 for 2 br, 2 bath, 1200 sq.ft home on a 6,500 sq.ft.lot to $6.9 million for a 5 br, 7 bath, 10,000 sq.ft home on a 30,000 sq.ft lot. Condo's and townhomes start at $299,000 on the east side of the hill for a 2 br, 2 bath and go up to $899,000 for a 2 br, 2 bath overlooking Trump National golf course with Catalina Views.

There are currently 59 homes in escrow... Average time on the market is about 75 days.

First of all I would like to wish everyone a HAPPY NEW YEAR!

The Palos Verdes Peninsula only has a total of 148 single family home listings at the present time, of those, there are only 84 in Rancho Palos Verdes. Only 26 0f those listinga are under $1 Million. So, as you can imagine, the inventory is quite managable and in some cases it is still hard to find the right property for your qualified buyers. I am currently working with four different buyers and at this point I am at a standoff until more listings come on the market. 

I just put a listing in escrow on Avenida Esplendida and I had 5 offers in less that 7 days. See below.

So, what the rest of the nation is reading in the papers about how tough things are, really doesn't apply to Rancho Palos Verdes.

 

 

http://www.palosverdes.com/rpv/ - The city website.. Rancho Palos Verdes is a quiet, affluent suburb of Los Angeles situated on the Palos Verdes Peninsula. It has a spectacular coastline on the Pacific Ocean. Santa Catalina Island is visible on clear days. The Trump National Golf Course, owned by the Donald Trump organization, is surrounded by expensive homes with views of the golf course and blue waters of the Pacific Ocean. Point Vicente Lighthouse, built in 1926, is another scenic place not far away. The Coast Guard still runs the lighthouse. Los Verdes Golf Course is just off Hawthorne Blvd. and also has beautiful homes around it with great views.

Every once in a while you come across a book that really give good ideas and is entertaining at the same time.

About 2 years ago I was a member of "By Referral Only" and joined the coaching service. I had a coach that really wasn't a whole lot of help because she acted more like a 'shrink' that a motivator. But she did recommend a book to read called "Mr. Shmooze, The art and Science of selling through relationships" by Richard Abraham, that I thought was real good, and I will always be thankful to her for...

It's not like you would do everything mentioned in the book, but it sure gives you some ideas and acts as a refresher course about how to be thoughtful, and at the same time retain clients... After all, isn't this business about keeping clients and having them remember us and referring their friends to us? I try to read the book over again every 6 months... it is great, comments?

As you can see, the number of listings is up from April, when I last ran the Statistics but so are sales.

This market is still moving but takes more time on the market than we are used to over the past 4 years. All in all a normal market like this is better for us in the long run.