palos verdes peninsula: Palos Verdes Academy Hill Neighborhood - 07/28/10 08:10 AM

Academy Hill neighborhood  is located near the intersection of Palos Verdes Drive North and Crenshaw.  184 homes on a 58 acre tract are located in Academy Hill which has an Home Owners Association with voluntary $50/year dues that help pay for a yearly neighborhood party and other events. It has been described as a "tight knit" and "friendly" neighborhood where neighbors work together.

Academy Hill is located an the unincorporated area of Palos Verdes Peninsula 90274 and is actually part of unincorporated Los Angeles County.  This area is home to the prestigious  Chadwick School which is a private school established in 1938 with Kindergarten through 12th Grade … (1 comments)

palos verdes peninsula: New Alliance With Bank of America - 11/23/09 10:26 AM

Remax Palos Verdes/Execs has formed a new alliance with Bank of America which will benefit our clients in several ways.  We now have access to the largest lender in the jumbo market.  Bank of America will loan 80% up to a $2,000,000 loan to qualifying borrowers.  This will help buyers (and therefore sellers) of Palos Verdes real estate.   Remax Palos Verdes/Execs clients will be given priority and our agents will be given a source code so that we can track the loan through all stages.
We have a local Legacy Bank of America office which has their own loan processing center … (3 comments)

palos verdes peninsula: Will You Qualify For A Move-Up Homebuyer Tax Credit? - 11/21/09 10:50 AM

This Homebuyer TaxCredit of $6,500 (married couple) is available as of November 6, 2009 for couples with combined adjusted gross incomes that do not exceed $225,000 (for singles a $3,250 credit and adjusted gross income not exceeding $125,000).  You must be in contract on a new home by April 30, 2010, and must close escrow by June 30, 2010. 
The homeowner must have owned the prior residence for a consecutive 5 out of the last 8 years.  The new house cannot cost more than $800,000 and must become your main residence as of the date of close of escrow.  You do not … (1 comments)

palos verdes peninsula: Top Tuesday Tour Tips - 11/17/09 11:57 AM
There were 18 homes on the November 10, 2009, Palos Verdes real estate Broker's Tour.  We currently have 230 active single family homes for sale in Palos  ranging in price from $750,000 in Rancho Palos Verdes to $14,900,000 in Rolling Hills (the low in Eastview is $625,000). There are 51 townhomes/condos for sale priced between $250,000 and $1,500,000.  My favorites were:

Laurie Hurley's 7400 Alida Place, Rancho Palos Verdes, (above left) is a 4 bedroom, 4 bath, 3,851 square foot home for $1,998,500.  This West PalosVerdes home features a state of the art kitchen, large master suite and ocean views.  Les … (0 comments)

palos verdes peninsula: The Annenberg Project in Rancho Palos Verdes - 11/16/09 11:32 AM
 
 The Annenberg Foundation has an Environmental Impact Report in progress for its multimillion dollar project at Lower Point Vicente.  Plans have also been submitted to the city of Rancho Palos Verdes for approval and a formal application is anticipated soon.
"The proposal, based on a comprehensive study of the community done in concert with the development of the Coast Vision Plan, includes using architecture, art and exhibits to inform the public about Palos Verdes geology, history, marine ecology, terrestrial animals and habitats..." according to the Rancho Palos Verdes site (which can be accessed by clicking here).  The Center would focus on providing education, science, … (0 comments)

palos verdes peninsula: Portuguese Bend Beach Club - 11/15/09 08:17 AM

  Portuguese Bend Beach Club is a guard gated beach community located off Palos Verdes Drive South in Rancho Palos Verdes.   This small neighborhood of approximately 90 homes has a private sand beach (one of the few private beaches in Southern California) with its own lifeguard in the summer months.  The private beach has barbecue fire pits, volleyball, paddle tennis and a children's playground.   Wouldn't you love to walk out your door to your own beach?
Most homes have panoramic ocean views.  Some of the homes are used as summer homes and rented out during the winter months.  There is a waiting list for … (0 comments)

palos verdes peninsula: Palos Verdes City Managers' Update - 11/13/09 10:37 AM
 
Last week, I heard the City Managers from all 4 cities on the Palos Verdes Peninsula speak at the Palos Verdes Peninsula Association of Realtors meeting. Here is a synopsis of their update:
Joseph Hoefgen, City Manager of Palos Verdes Estates, told us that the PV Dr West stabilization near Bluff Cove begins in a couple of weeks and should be complete in January 2010.  The Golf Club has a shorter wait list (now 160 down from 200).  Both the Tennis Club and Stables have vacancies and the Beach Club has "many years" wait list.  Two sewer pump stations in Lunada Bay will be replaced. The … (0 comments)

palos verdes peninsula: Palos Verdes School Distrct High Credit Rating - 11/12/09 05:20 AM
 
 The Palos Verdes Unified School District received a AA+/Aa2 credit rating from Standard & Poor's and Moody's Investor Services.  This is one of the highest ratings that a California school district can get and there are only 16 public school districts in California that have a AA+ or better. 
Owners of Palos Verdes real estate should be proud both of the School District, for their excellent management, and themselves for the school bonds that we have voted upon ourselves to make up for the shortfall from the State.  Additionally, Peninsula Education Foundation funds many programs that the State no longer … (1 comments)

palos verdes peninsula: Top Tuesday Tour Tips - 11/10/09 09:57 AM
There were 15 homes on the Palos Verdes real estate Broker's Tour.  We currently have 244 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 $599,900).  There are 50 townhome/condos for sale priced between $230,000 and $1,500,000.   My favorites were:

Rick and Kitty Edler's 36 Ranchview, Rolling Hills Estates, (above left) is a 5 bedroom, 5 bath, 4,136 square foot home for $2,199,000.  This updated Palos Verdes Drive North home features a gourmet kitchen, separate office and pool on a 24,859 square … (0 comments)

palos verdes peninsula: Mixed News on Defaults/Foreclosres for Palos Verdes - 11/10/09 05:20 AM

   Yes, we do have foreclosures in Palos Verdes real estate.  Currently there are 2 active single family residences and 1 condo that are REOs (or bank-owned properties).   669 Via Del Monte, Palos Verdes Estates, is a 4 bedroom, 3 bath, 3,469 square foot home listed for $1,449,900.  4053 Via Pavion, Palos Verdes Estates, is a 4 bedroom, 3 bath, 2,336 square foot home listed for $999,900.  3601 W Hidden Lane #121, Rolling Hills Estates, is a 2 bedroom, 2 bath, 1,131 square foot condo listed for $415,000.
Although Palos Verdes is not immune to foreclosures, our rate is much lower than most of … (0 comments)

palos verdes peninsula: Palos Verdes API Scores - 11/09/09 12:44 PM
 
 
 Palos Verdes Schools again had API (Academic Performance Index) scores above 900 for the 2008-2009 school year. The district had an overall score of 908 which was up from the 2007/2008 base of 901.
The 10 elementary schools all scored well above 900 with Cornerstone receiving the highest score of 966. The 3 middle schools scored between 897 and 947 with Palos Verdes Intermediate scoring the highest at 947. The 2 high schools scored 886 for Peninsula High School and 864 for Palos Verdes High. A complete list of school scores can be accessed by clicking here.
Attending the … (0 comments)

palos verdes peninsula: Homebuyer Tax Credit Changes - 11/09/09 03:53 AM

Both the House and Senate have passed the new extended/expanded Homebuyer Tax Credit and it is now awaiting the President's signature.  Previously, the first time buyer credit of $8,000 was to expire on November 30, 2009, but it will now be extended to April 30, 2010. 
The new bill also includes a $6,500 credit to qualified homeowners looking to "move up" by purchasing a replacement home for $800,000 or less.   According to the Los Angeles Times, "...the legislation would raise the qualifying income levels to $125,000 for individual filers and to $225,000 for joint filers."  Please click here to view a full-page version … (1 comments)

palos verdes peninsula: Updated Bluff Cove Road Repairs - 11/08/09 12:21 PM

Red pylons have adorned the Bluff Cove area of Palos Verdes Drive West for so long that I actually don't see them anymore. The repairs to the road above Bluff Cove are scheduled to finally begin October 26 and the City of Palos Verdes Estates hopes to have it completed by Christmas 2009. I say finally because the land has been moving since the 1980s and the road's striping was moved further east (against the hillside) in the early 1990s.
According to the Peninsula News, "The stabilization of PV Drive West will entail the construction of either a soldier pile … (0 comments)

palos verdes peninsula: Top Tuesday Tour Tips - 11/07/09 10:14 AM
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 … (0 comments)

palos verdes peninsula: September 2009 Market Statistics - 11/07/09 10:09 AM

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 … (0 comments)

palos verdes peninsula: Top Tuesday Tour Tips - 10/16/09 06:10 AM
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.....

 
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palos verdes peninsula: Top Tuesday Tour Tips - 09/29/09 06:40 AM
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.....
  
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palos verdes peninsula: August 2009 Market Statistics - 09/28/09 06:31 AM

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....
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palos verdes peninsula: 2009 Palos Verdes Concours - 09/24/09 09:23 AM
 
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....
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palos verdes peninsula: Fires in Palos Verdes - 09/23/09 06:00 AM
 
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.....
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Elaine Murphy Carlson

Palos Verdes Peninsula, CA

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