Top Pick's From This Week's Broker Tour - 03/27/09 08:10 PM
These homes really stood out from this week's Broker Tour:
4005 VIA NIVEL, PALOS VERDES ESTATES               PRICED AT $1,500,000            MLS# V09033992

 
 
3433 VIA LA SELVA, PALOS VERDES ESTATES_______  _PRICED AT $ 1,525,000          MLS# V09034311
I love this 4 bedrom and 3 bath Old Spanish style home with an intriguing variety of woods, tiles and stained glass! There are 3 fireplaces, in the master, living and guest bedrooms. This home is a blend of elegant old world charm with all the modern amenities, including a bedroom/office study with built-in book cases & file drawers. The master bedroom & balcony … (0 comments)

Terrenea Resort Construction Update - 03/27/09 04:02 PM
I toured the almost complete Casitas and Villas at the Terrenea Resort in Racho Palos Verdes the other day and marveled at how beautiful the new resort is. The views from the 3 hotel pools are simply unbelievable, especially the lower pool just above the beach cove area.


Artists Rendering of completed lower pool

Artists Rendering of Family Pool
The project is slated for a June opening and is taking job applications now.
For more information about Rancho Palos Verdes, visit my webstie at http://www.maureenmegowan.com
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Clam Chowder Cookoff at Redondo Pier on Saturday - 03/27/09 03:37 PM
This Saturday March 28th, 2009 there will be a charity clam chowder cookoff at the Redondo Beach Pier from 1 to 4 pm. The cookoff is being sponsored by Quality Seafood Inc., and proceeds from the cookoff will benefit The Wellness Community, South Bay, which offers a free program for cancer patients and their families.  Local restaurants, including Quality Seafood, Old Tony's, Fat Face Fenner's Fish Shack, and Delzano's by the Sea will prepare their unique recipes, and those that purchase the $6 tasting kit will vote for their favorite. The tasting kit consists of a spoon, bowl and the right … (1 comments)

New Jacuzzi Open at Palos Verdes Beach Club - 03/27/09 02:00 PM
The new adults-only jacuzzi at the Palos Verdes Beach and Athletic Club is now open. There will be a ribbon cutting ceremony at 6:30 pm on Wednesday April 15th, just before the club's annual meeting to be held immediately after the end of the ceremony. This new jacuzzi is located on the hillside below the snack bar and is situated to provide spectacular views of Santa Monica Bay and the South Bay beaches.
   
 
For more information about PV Sports, RecreationAnd  Parks  , visit my website at http://www.maureenmegowan.com
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Douglas Cut Pumping Station in PVE to be Upgraded - 03/27/09 01:42 PM
Most of the residents pass by the obscure white structure on Palos Verdes Drive West above Bluff Cove between Lunada Bay and Malaga Cove in Palos Verdes Estates without any idea as to what it is.  This building is the "Douglas Cut Pumping Station" operated by the Sanitation District to pump sewage.  Last Tuesday, the City Council of Palos Verdes Estates voted to bury this civic eyesore.

The building will be mostly buried under a contract estimated to cost approx. $1.5 million. The option to mostly bury the new structure cost an additional $200,000. An electric meter will remain above … (0 comments)

Misleading Reporting of South Bay Median Home Price Decline - 03/26/09 03:42 PM
In today's South Bay Daily Breeze, the headlines proclaimed : "HOME PRICES CONTINUE TO SLIDE IN SOUTH BAY".  The article then goes on to say that the Median Home Price in the South Bay "continued to tumble in February, with a steep year-over-year decline for the month... The median price of a local home fell 13.5 per cent to $510,000 last month, compared with the same period last year." The same article reported that the median sales price of a home in the South Bay Beach Cities also declined 28.6% to $850,000 compared to the prior year.
What makes this on-going … (0 comments)

San Pedro Knoll Hill Options Proposed - 03/26/09 02:53 PM
The Steering Committee charged with coming up with a proposed plan for the Knoll Hill property owned by the Port of Los Angeles which is currently being utilized as baseball fields by the Eastview Little League is considering one proposal that would create 2 baseball fields next to each other in a semi-circular formation (reduced from the current 3 fields), which would be used by the Little League for 4 months, and then converted into a public performance space by moving the temporary backstops.
This is just the latest in a series of proposals being discussed which may include an exploratory … (0 comments)

Redondo Beach City Council Approves Seaside Lagoon Plans - 03/26/09 02:11 PM
The Redondo Beach City Council approved a $11.9 million plan to renovate the Seaside lagoon in Redondo BEach Tuesday night.  The approved plans is one of three concepts developed by Aquatic Design Group, Inc. originally proposed in December. This plan retains the largest footprint for the new lagoon of approx. 20,00 square feet, about half of the existing lagoon size.
  
The City Council has looked at several options to renovate the Lagoon and has chosen this plan to comply with the Los Angeles Water Quality Control Board request to meet all required water quality standards. The current lagoon obtains its salt … (0 comments)

Interest Rate Update - 03/20/09 02:03 PM
The following are general levels of interest rates for various loan terms for both conforming and Jumbo loans as provided by Al Hermann at al@american-california.com . Interest rates for conforming loans are down about a 1/4 point from 2 weeks ago due to the Federal Reserve program to purchase mortgage backed securities. Loan rates for Jumbo mortgages are also becoming more attractive as lenders re-enter the market.


For additional information about Financing , buying or selling a home, visit my website at http://www.maureenmegowan.com
 
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Federal Reserve to Pump Additional $1.25 Trillion into the Economy to Lower Interest Rates - 03/19/09 08:30 PM
The Federal Reserve Bank announced yesterday its intentions to pump in an additional $1.25 Trillion dollars into the economy in an attempt to lower long term interest rates. This program will include $300 billion to purchase 10 year term Treasury securities, fund an additional $725 billion (in addition to a previusly announced $500 billion)  to purchase mortgage backed securites issued fy Fannie Mae and Freddie Mac, as well as buying an additional $100 billion in Fannie Mae and Freddie Mac debt. The intent is to lower market interest rates for new mortgages and other long term interest rates.
In the short … (1 comments)

Top Pick from Broker Tour of Palos Verdes Peninsula - 03/17/09 07:12 PM
The Best Pick from the Broker Open House Tours I took today is as follows:
3259 Deluna Dr., Rancho Palos Verdes:$1,349,000  - Days on market - 36

The 5 bedrooma and 3 bath home was purchased by the owners in 2005 for nearly the same price as is listed now, and I understand they have put $300,000 in the home renovations. The remodeling is absolutely beautiful, with a huge custom kitchen and professional range, hardwood and stone floors , inside and out side entertaining areas, outside BBQ, stone counters and stools, pool, waterfall and much more.The ledgestone and wrought iron gated front … (0 comments)

Jobless Rates low in South Bay Beach Communities - 03/17/09 06:05 PM

A recent article in the South Bay Daily Breeze disclosed that fortunately, the jobless rate for most of the South Bay Beach Communities is still very low.

The unemployment rate for the Palos Verdes Peninsula ranged from 1.0% in Rolling Hills to 3.7% in Rancho Palos Verdes. The unemployment rate for the South Bay beach cities ranged from 3.8% for Manhattan Beach to 5.7% for Redondo Beach. Unemployment in some of the inland areas of the South Bay were much higher including 14.1% in Hawthorne.
For more information about Rancho Palos Verdes visit my website at http://www.maureenmegowan.com
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Rancho Palos Verdes City Council Approves Crestridge Senior Housing Project - 03/17/09 05:40 PM

The Rancho Palos Verdes City Council approved a proposed 34-unit (reduced from the 40 originally requested) affordable housing complex for seniors at its public hearing on March 17th. AMCAL Multi-housing Inc., plans to build a two story apartment complex on a 19.3 acre parcel at the northwest corner of Crestridge Road and Crenshaw Boulevard. The units will be restricted to residents age 62 and older.AMCAL still needs to apply for a highly competitive state grant - and win that money - in order for the project to move forward.

The Project wias planned to include a 1,100 sq. ft. clubhouse, 58 parking spaces and a bocce … (0 comments)

New 28 unit Condominium Project May be Coming Soon to Highridge area of Rancho Palos Verdes - 03/17/09 05:18 PM

A new 28 unit condominium project may be under construction soon in the Highridge area of Rancho Palos Verdes. The site at 28220 Highridge Road is currently developed with an abandoned Verizon telephone equipment building. 

The project was approved by the Cioty Council of Rancho Palos Verdes in October last year, but is in the process of having a 441 sq. ft. parcel annexed to Rancho Palos Verdes from Rolling Hills Estates. Once this process is completed, plans will be reviewd by the City.
For more information about PV Condos & Townhomes / Townhouses  visit my website at http://www.maureenmegowan.com … (0 comments)

New Parcel Tax for Palos Verdes Schools on June Ballot - 03/17/09 04:47 PM
The Palos Verdes unified School District Board has voted to place a proposal for a new parcel tax of $165 per parcel on the ballot in June. This tax would be in addition to an existing school parcel tax of $$209 per parcel. The new tax is intended to raise approx. $3 million to offset some of the reductions in state funding expected of about $6 million.
                                        
I believe that it is important that Peninsula voters approve of this new tax as it is a small price to pay to keep our schools as one of the top school … (0 comments)

Mammoth Moountain Skiing Fantastic !!! - 03/17/09 04:30 PM
My husband and I just got back from a wonderful 3 days up at Mammoth Mountain, and for those of you thinking about taking one more ski trip, I am happy to tell you that the skiing is fantastic!!!  We enjoyed perfect weather with about 13 feet of packed powder snow that was in perfect shape. The weather was just cool enough to keep the snow in great condition, and without any wind.

For information about buying or selling real estate on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com
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HAPPY ST. PATRICK'S DAY !!!!! - 03/17/09 04:08 PM

HAPPY ST. PATRICK'S DAY TO EVERYONE !!!
 
MAY YOU AND YOUR FAMILY FIND YOUR POT OF GOLD  !!!!!
Both of my and my husband's families are of direct Irish descent. My maiden name is Donnelly and my great grandfather came over from Athlone Ireland (near Dublin) in 1859, My husband's  ancestor Robert Megowan came to the colonies in the 1750's from Belfast Ireland and served as quartermaster at Valley Forge under General Washington in the Revolutionary War! Therefor, my family really enjoys celebrating St. Patrick's day.
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Daylight Savings Time Begins Sunday!!!! - 03/06/09 08:19 PM
Don't forget that Daylight Savings time begins Sunday. Make sure you set your clocks ahead Saturday night when you go to bed.

This is only the third year that daylight saving time has begun the second Sunday in March. For years, the first Sunday in April was the day the clocks and other time pieces were set forward.
Daylight saving time continues until 2 a.m. Sunday, Nov. 1. All States observe daylight savings time except for Hawaii and Arizona.
The moving forward of the daylight saving time start date was part of the federal Energy Policy Act adopted in 2005.
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Interest Rate Update - 03/06/09 01:32 PM
The following are general levels of interest rates for various loan terms for both conforming and Jumbo loans as provided by Al Hermann at al@american-california.com


 
For additional information about Financing , buying or selling a home, visit my website at http://www.maureenmegowan.com
… (0 comments)

New $75 Billion Federal Loan Refinancing and Modification Program - 03/05/09 05:33 PM
Details are starting to be released regarding Obama's new $75 billion "Making Home Affordable" loan refinancing and loan modification program announced yesterday. The following are some of the Guidelines released and other emerging details:
Loan Refinancing Program Guidelines :
1). Borrowers must be current on their payments for the loan
2) Loans that are between 80% and up to 105% of the property's market value are eligible
3) Loans must be held by a federal agency such as Fannie Mae or Freddie Mac. Unfortunately, many home loans were syndicated into mortgage backed securities and sold to investors, so these loans would not be eligible for … (1 comments)

Update on Trader Joe's Market in Rancho Palos Verdes - 03/05/09 03:00 PM
Plans have been submitted for plan check for the new Trader Joe's market to be constructed at the Golden Cove Shopping Center at the corner of Hawthorne Boulevard and Palos Verdes Drive South, at the previous location of the Golden Lotus Restaurant. The new design is for an 11,000 sq. ft. store

The new store is planned to be approx. the same size as the current Trader Joes in Riviera Village and Rolling Hills Plaza. The existing building is expected to be demolished in May, and construction is expected to start in June in order to minimize disturbance to the operations of the Montessori … (0 comments)

 
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Palos Verdes Real Estate Blog - Maureen Megowan

Palos Verdes Estates, CA

More about me…

Remax Estate Properties - DRE #01368971

Address: 63 Malaga Cove Plaza, Palos Verdes Estates, CA, 90274

Office Phone: (310) 541-6416

Cell Phone: (310) 259-7124

Email Me

Information about the real estate and home markets of the beach communities of the South Bay of Los Angeles and the Palos Verdes Peninsula. Palos Verdes homes for sale and South Bay Los Angeles real estate. I strive to be the best real estate agent / realtor in the cities of Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Torrance, Manhattan Beach, Hermosa Beach, San Pedro and El Segundo.l


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