Palos Verdes Neighborhoods with Most Multi-Million Dollar Home Sales

By
Real Estate Broker/Owner with Charlemagne International Properties BRE# 01147470

Castle in England

It’s a big decision to purchase a high-end luxury home. Every buyer wants to make an informed and wise choice. Although luxury homes over $2,000,000 are scattered throughout all four cities on the Palos Verdes Peninsula there is no doubt some neighborhoods generate more luxury sales than others.

Buying a home is always based on personal decisions but it is also important to select a location that supports the purchase price and this usually means there are similar “like kind” homes in the immediate area. Just for fun I searched the Palos Verdes home sale statistics for 2011 to discover which neighborhoods topped the luxury home sale list. Here is the big reveal:

Top ranking Palos Verdes Peninsula neighborhoods for luxury home sales in 2011:

1) Rolling Hills topped the list with 14 luxury home sales in 2011.

2) Lunada Bay in Palos Verdes Estates snagged second place with 13 sales over $2,000,000.

3) Monte Malaga in Palos Verdes Estates claimed third place with 12 high-end home sales.

4) Malaga Cove, another Palos Verdes Estates neighborhood, had 11 sales.

5) Palos Verdes Drive West had 9 luxury sales thanks in large part to sales in the Oceanfront development at Hawthorne and PVDW.

- Norma (310) 493-8333 (Photo from my trip to England.)

Some of the luxury homes for sale in Palos Verdes now. ($2+ million)

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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Rolling Hills
Tags:
luxury homes
homes for sale
rolling hills
lunada bay
monte malaga
malaga cove
palos verdes drive west
homes over 2 million

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Rainmaker
1,173,478
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

I wondered where that beautiful home was in your area, Norma.  Love the breakdown of high end home sales.  

Mar 15, 2012 05:38 AM #1
Rainmaker
2,850,795
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Norma,  I notice that most of the Rolling Hills homes have more bathrooms than bedrooms.  They are all beautiful luxury/estate homes. The breakdown for the Palos Verdes Peninsula neighborhoods is yet another example of how real estate is local! Great job!

 


Mar 15, 2012 05:59 AM #2
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Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

A client's question was the catalyst for this post, Jane. 

Mar 15, 2012 09:12 AM #3
Ambassador
1,584,361
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Kathleen - Many of the luxury homes are clustered along the coastline, but Rolling Hills is a gated community at the top of the Palos Verdes Peninsula.

Mar 15, 2012 09:13 AM #4
Rainmaker
449,271
Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Wow, there are some beautiful properties in Palos Verdes Norma. What a wonderful area to work in.

Mar 15, 2012 11:54 PM #5
Rainer
91,598
Tanja Cisliek
Future Home Realty - Seminole, FL

Norma, this is a very detailed post with tons of information, it really shows that you know the area. I think it's great that you share your knowledge on your blog!

Mar 16, 2012 03:49 AM #6
Rainmaker
944,509
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Norma, the beautiful photograph looks like the storm is hovering on the luxury property. I hope the market will brighten up. 

Mar 16, 2012 04:27 AM #7
Rainer
104,648
Sherry Peckhoon Sim
Sims & Company - Cayucos, CA
Broker/Owner, Covering the Beautiful Central Coast

Hi Norma, that looked like a majestic home.  It's an informational breakdown on luxury home sales. Do you anticipate sales to improve this year?

Mar 16, 2012 10:01 AM #8
Rainmaker
3,509,108
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Norma -- this is a great way to analyze a market and see the differences by neighborhood.   

Mar 16, 2012 12:09 PM #9
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Palos Verdes Luxury Homes in L.A.
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