Palos Verdes Horse Property with an Ocean View

May 19, 2013 in Front Page, Horse Property, Lifestyle in Palos Verdes, Palos Verdes Peninsula, Rolling Hills, Rolling Hills Estates

blog horse with girl riding

It’s okay to want it all.  Later today, I’ll be meeting with a buyer new to Palos Verdes but already in love with this hilly peninsula that juts skyward from the ocean’s edge.   After a recent stay at Terranea Resort, this first-time visitor to PV must have thought she landed in a horse lover’s paradise.  Actually, Palos Verdes is certainly “horse friendly” but it is equally appealing to those seeking a view property, or simply a more relaxed pace of life.

 

We will be shopping for a second home and it can be either a small horse property with easy access to the miles and miles of riding trails that lace the hills and canyons, or it can be a nice little bungalow close to the ocean and not too far away from boarding stables and riding trails.  It’s a gorgeous Southern California day and eight homes are on the show list.  Maybe we will find it all–a Palos Verdes horse property with an ocean view.

 

It’s okay to want it all, and we will certainly be trying to find it!

Palos Verdes Luxury Leases and Homes for Rent – Toering and Team

May 18, 2013 in Front Page, Los Angeles Luxury Homes, Palos Verdes Homes for Rent

Luxury PV Home with Terranea Resort in Background

The summer months are popular months to lease a home in Palos Verdes.  It makes perfect sense as most families with children prefer to make the transition to a new home while the kids are on summer break.

Norma Toering & Team will finalize the lease contract this week on the luxury home pictured above.  We sold the house and are continuing to lease it until our clients are ready to move back to the USA.  The current tenants are off to Germany (new job) and the incoming tenants are moving to Palos Verdes for the school system.  People are always on the move and a move-in mint condition property with a big ocean view is never difficult to lease.

The nearly 4000 square foot home leased for $6700 per month.  If you’re in the market to lease a luxury home in Palos Verdes give Norma Toering & Team a call.  We will help you find the home you’re searching for in Palos Verdes.

- Norma (310) 493-8333

Luxury homes for lease/rent in Palos Verdes (over $5000/month):

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

Hermosa Beach Luxury Home Market Report – April 2013

May 17, 2013 in Beach Cities, Front Page, Hermosa Beach, Hermosa Beach Luxury Homes, Lifestyle in the Beach Cities

3130 Hermosa Ave - Ocean view to PV

April brought out the nesting instinct for aspiring Hermosa Beach residents purchasing in the luxury price range of $2,000,000 or higher.  Three Hermosa Beach luxury homes sold and all were located in the Sand Section of Hermosa Beach.  The highest price sale was $3,290,000 for a 3700 sq. ft. new construction home located at 477 25th St.

Pending sales for April stands at two and 10 luxury homes are for sale in Hermosa Beach.

If you’re in the market to purchase a luxury home in Hermosa Beach don’t miss 3130 Hermosa Avenue.  It is the beauty of the bevvy of fantastic beach homes for sale in the Sand Section of Hermosa Beach in my opinion, but of course I am the listing agent.  Schedule your private showing today and enjoy life at the beach before summer arrives.

- Norma (310) 493-8333

Luxury homes for sale in Hermosa Beach, CA:

Manhattan Beach Luxury Home Sales Report – April 2013

May 17, 2013 in Beach Cities, Front Page, Lifestyle in the Beach Cities, Manhattan Beach, Manhattan Beach Luxury Homes

The Strand bike path in Manhattan Beach CA

15 Manhattan Beach luxury homes priced over $2,000,000 sold during April 2013.  The most expensive sale for the month was $6,900,000 for a 5000 sq. ft. home one block off the sand on 25th Street.

19 Manhattan Beach luxury homes are in escrow with accepted offers.

27 Manhattan Beach luxury homes are for sale.

If you wish to know more about luxury homes in Manhattan Beach it will be our pleasure to provide the information and help you discover the best Manhattan Beach home for you.

- Norma (310) 493-8333

Luxury homes for sale in Manhattan Beach:

Showing properties 1 - 36 of 36. See more Manhattan Beach Homes over $2 Million.
(all data current as of 5/19/2013)

  1. 5 beds, 3 full, 2 part baths
    Home size: 4,609 sq ft
    Lot size: 2,699 sqft
    Year built: 1993
    Parking spots: 6
    Days on market: 3
  2. 4 beds, 5 full baths
    Home size: 3,528 sq ft
    Lot size: 2,701 sqft
    Year built: 2001
    Parking spots: 5
    Days on market: 3
  3. 5 beds, 4 full, 1 part baths
    Home size: 3,374 sq ft
    Lot size: 4,658 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 3
  4. 5 beds, 7 full baths
    Home size: 6,838 sq ft
    Lot size: 4,049 sqft
    Year built: 2007
    Parking spots: 6
    Days on market: 4
  5. 8 beds, 8 full baths
    Home size: 7,000 sq ft
    Lot size: 10,505 sqft
    Year built: 1999
    Parking spots: 8
    Days on market: 6
  6. 5 beds, 4 full, 1 part baths
    Home size: 4,225 sq ft
    Lot size: 5,045 sqft
    Year built: 2006
    Parking spots: 4
    Days on market: 8
  7. 6 beds, 6 full, 1 part baths
    Home size: 7,261 sq ft
    Lot size: 9,949 sqft
    Year built: 2005
    Parking spots: 10
    Days on market: 10
  8. 4 beds, 4 full, 1 part baths
    Home size: 3,936 sq ft
    Lot size: 6,255 sqft
    Year built: 2002
    Parking spots: 6
    Days on market: 10
  9. 4 beds, 4 full, 1 part baths
    Home size: 4,252 sq ft
    Lot size: 2,705 sqft
    Year built: 2003
    Parking spots: 7
    Days on market: 12
  10. 6 beds, 8 full baths
    Home size: 5,679 sq ft
    Lot size: 3,498 sqft
    Year built: 2007
    Parking spots: 9
    Days on market: 16
  11. 5 beds, 9 full baths
    Home size: 7,961 sq ft
    Lot size: 9,355 sqft
    Year built: 2008
    Parking spots: 8
    Days on market: 16
  12. 4 beds, 5 full baths
    Home size: 4,000 sq ft
    Lot size: 4,800 sqft
    Year built: 2013
    Parking spots: 4
    Days on market: 16
  13. 5 beds, 4 full, 1 part baths
    Home size: 4,317 sq ft
    Lot size: 4,845 sqft
    Year built: 2007
    Parking spots: 6
    Days on market: 16
  14. 4 beds, 4 full, 1 part baths
    Home size: 4,285 sq ft
    Lot size: 2,694 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 17
  15. 5 beds, 4 full, 1 part baths
    Home size: 4,200 sq ft
    Lot size: 2,700 sqft
    Year built: 2014
    Parking spots: 6
    Days on market: 19
  16. 3 beds, 2 full, 1 part baths
    Home size: 1,713 sq ft
    Lot size: 1,668 sqft
    Year built: 1913
    Parking spots: 4
    Days on market: 19
  17. 5 beds, 5 full, 1 part baths
    Home size: 4,237 sq ft
    Lot size: 4,546 sqft
    Year built: 2007
    Parking spots: 8
    Days on market: 20
  18. 5 beds, 3 full, 1 part baths
    Home size: 4,904 sq ft
    Lot size: 8,635 sqft
    Year built: 1990
    Parking spots: 9
    Days on market: 24
  19. 2 beds, 1 full, 2 part baths
    Home size: 3,963 sq ft
    Lot size: 3,503 sqft
    Year built: 2001
    Parking spots: 36
    Days on market: 26
  20. 2 beds, 3 full baths
    Home size: 2,318 sq ft
    Lot size: 2,717 sqft
    Year built: 1931
    Parking spots: 6
    Days on market: 27
  21. 4 beds, 1 full, 4 part baths
    Home size: 3,070 sq ft
    Lot size: 1,807 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 32
  22. 5 beds, 5 full, 1 part baths
    Home size: 4,600 sq ft
    Lot size: 7,467 sqft
    Year built: 2013
    Parking spots: 8
    Days on market: 32
  23. 5 beds, 4 full, 1 part baths
    Home size: 3,387 sq ft
    Lot size: 4,831 sqft
    Year built: 2005
    Parking spots: 6
    Days on market: 32
  24. 5 beds, 5 full baths
    Home size: 3,986 sq ft
    Lot size: 6,643 sqft
    Year built: 2013
    Parking spots: 6
    Days on market: 40
  25. 5 beds, 2 full, 3 part baths
    Home size: 3,314 sq ft
    Lot size: 3,506 sqft
    Year built: 1959
    Parking spots: 8
    Days on market: 46
  26. 4 beds, 4 full, 2 part baths
    Home size: 2,574 sq ft
    Lot size: 11,648 sqft
    Year built: 1993
    Parking spots: 4
    Days on market: 46
  27. 4 beds, 1 full, 3 part baths
    Home size: 2,827 sq ft
    Lot size: 3,067 sqft
    Year built: 1994
    Parking spots: 4
    Days on market: 51
  28. 5 beds, 4 full, 1 part baths
    Home size: 3,451 sq ft
    Lot size: 5,404 sqft
    Year built: 2006
    Parking spots: 6
    Days on market: 65
  29. 5 beds, 6 full baths
    Home size: 4,092 sq ft
    Lot size: 2,715 sqft
    Year built: 1997
    Parking spots: 6
    Days on market: 110
  30. 5 beds, 5 full, 1 part baths
    Home size: 3,725 sq ft
    Lot size: 5,994 sqft
    Year built: 2013
    Parking spots: 4
    Days on market: 118
  31. 4 beds, 2 full, 2 part baths
    Home size: 3,682 sq ft
    Lot size: 2,248 sqft
    Year built: 1990
    Parking spots: 12
    Days on market: 129
  32. 3 beds, 3 full baths
    Home size: 1,940 sq ft
    Lot size: 1,352 sqft
    Year built: 2006
    Parking spots: 6
    Days on market: 195
  33. 6 beds, 6 full, 1 part baths
    Home size: 10,000 sq ft
    Lot size: 15,000 sqft
    Year built: 2003
    Parking spots: 8
    Days on market: 198
  34. 5 beds, 4 full, 1 part baths
    Home size: 4,978 sq ft
    Lot size: 2,694 sqft
    Year built: 1982
    Parking spots: 9
    Days on market: 198
  35. 5 beds, 5 full baths
    Home size: 4,284 sq ft
    Lot size: 2,693 sqft
    Year built: 1998
    Parking spots: 2
    Days on market: 248
  36. 5 beds, 6 full, 1 part baths
    Home size: 8,500 sq ft
    Lot size: 14,368 sqft
    Year built: 1999
    Parking spots: 14
    Days on market: 367

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Terranea Resort Coastal Jewel in Rancho Palos Verdes

May 16, 2013 in An Agent's Life, Buyer Tip, Front Page, Lifestyle in Palos Verdes, Palos Verdes, Palos Verdes Drive South, Rancho Palos Verdes

169 Terranea BestEach time I visit Terranea Resort with its stunning views of the Pacific Ocean, lushly landscaped grounds, stately, yet casual and inviting architecture I’m reminded what a wonderful addition the resort is to the Palos Verdes Peninsula. For starters, and perhaps selfish reasons, I no longer have to book “out-of-town” hotels for my out-of-town clients. Many now begin their introduction to the Palos Verdes Peninsula lifestyle by spending their fist night in PV at Terranea Resort. The ocean, hills and open spaces “The Hill” is noted for are at their fingertips and in plain sight. In short, Terranea Resort helps me sell Palos Verdes without saying a word.

Palos Verdes Horse Property

May 15, 2013 in Front Page, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Drive South, Rolling Hills, Rolling Hills Estates

 

Horses in Rolling Hills

If you are in the mood to saddle up your horse and go for a leisurely ride you might want to consult the Palos Verdes Peninsula Horsemen’s Association Trail Guide.  It is the only complete guide to the equestrian trails of the Palos Verdes Peninsula.  Maps feature all of the equestrian trails superimposed on an aerial map.

The PVPHA Guide sells for $20, plus tax, and includes an equine service directory.  The Trail Guide may be purchased at the General Store in Rolling Hills Estates, plus tack and feed stores or you may order it from PVPHA, P.O. Box 4153, Palos Verdes Peninsula, CA  90274.

In the market to purchase a horse property? The gated community of Rolling Hills offers some of the finest equestrian estates in Southern California.  Riding trails lace the hillsides and snake along the canyon bottoms. Enjoy magnificent ocean views and expansive vistas of the Los Angeles area from your horseback vantage point.  Rolling Hills Estates is noted for its many equestrian neighborhoods also.

Would you like to tour equestrian estates online?  If so, simply contact Toering and Team and  I will send you an e-list of  horse properties currently for sale in Rolling Hills and Rolling Hills Estates.

Hikers, a horse is not required to enjoy the trails of Palos Verdes!

- Norma Toering -
Broker Associate at REMAX Estate Properties
(310) 493-8333

Palos Verdes Schools Rank High in Newsweek Poll

May 8, 2013 in Front Page, Lifestyle in Palos Verdes, Palos Verdes

 Back to School

There are many reasons to call Palos Verdes home.  The coastal location offers some of Southern California’s most breathtaking natural beauty, the weather is wonderful and the views are unforgettable, but the stellar school system is often what seals the decision to move to the Palos Verdes Peninsula.  When you combine a strong school system with stellar results and a desirable lifestyle in a coastal location it’s difficult to find a better choice.

Newsweek Magazine announced the top high schools in the nation on Monday.  Palos Verdes has two high schools and they both made the prestigious list.  Peninsula High came in at number 88 and PV High at 159. 

Congratulations to the community of teachers, students, parents and staff.  Your efforts and results keep the Palos Verdes Unified School District a school system we value and it certainly enhances and adds value to living life on the Palos Verdes Peninsula.

- Norma (310) 493-8333

Palos Verdes Luxury Home Market Report–April 2013

May 6, 2013 in Front Page, Palos Verdes, Palos Verdes Luxury Homes

Palos Verdes Coastline

12 Luxury homes priced over $2,000,000 sold during April 2013.  Palos Verdes Estates and Rancho Palos Verdes each recorded four luxury sales.  Rolling Hills Estates had three sales and Rolling Hills had one luxury sale.

The highest price Palos Verdes sale for the month of April was $3,900,000 for the property located at 65 Paseo De La Luz  in Oceanfront Estates in Rancho Palos Verdes.

There are 16 Palos Verdes luxury properties in escrow and 52 PV luxury homes currently for sale.  If you’re in the market to purchase a luxury home in Palos Verdes contact Norma Toering & Team to help you achieve your real estate goals.

- Norma  (310) 493-8333

 

Luxury homes for sale in Palos Verdes, CA:

Showing properties 1 - 45 of 49. See more Palos Verdes Homes over $2 Million Dollars.
(all data current as of 5/19/2013)

  1. 4 beds, 5 full, 1 part baths
    Home size: 5,630 sq ft
    Lot size: 1.98 ac
    Year built: 2005
    Parking spots: 6
    Days on market: 3
  2. 5 beds, 5 full baths
    Home size: 3,772 sq ft
    Lot size: 1.97 ac
    Year built: 1963
    Parking spots: 8
    Days on market: 6
  3. 5 beds, 1 full, 4 part baths
    Home size: 5,734 sq ft
    Lot size: 1.37 ac
    Year built: 1952
    Parking spots: 6
    Days on market: 11
  4. 6 beds, 4 full baths
    Home size: 4,376 sq ft
    Lot size: 34,347 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 12
  5. 5 beds, 6 full, 1 part baths
    Home size: 8,533 sq ft
    Lot size: 20,204 sqft
    Year built: 1996
    Parking spots: 6
    Days on market: 12
  6. 4 beds, 2 full, 2 part baths
    Home size: 3,308 sq ft
    Lot size: 10,026 sqft
    Year built: 1930
    Parking spots: 4
    Days on market: 13
  7. 6 beds, 4 full baths
    Home size: 4,387 sq ft
    Lot size: 15,899 sqft
    Year built: 1967
    Parking spots: 6
    Days on market: 13
  8. 4 beds, 2 full, 2 part baths
    Home size: 3,461 sq ft
    Lot size: 8,849 sqft
    Year built: 1961
    Parking spots: 4
    Days on market: 13
  9. 7 beds, 3 full, 3 part baths
    Home size: 5,452 sq ft
    Lot size: 2.36 ac
    Year built: 1965
    Parking spots: 6
    Days on market: 23
  10. 4 beds, 2 full, 1 part baths
    Home size: 2,750 sq ft
    Lot size: 6,724 sqft
    Year built: 1966
    Parking spots: 2
    Days on market: 27
  11. 4 beds, 3 full baths
    Home size: 2,446 sq ft
    Lot size: 1.87 ac
    Year built: 1969
    Parking spots: 6
    Days on market: 27
  12. 6 beds, 7 full baths
    Home size: 6,219 sq ft
    Lot size: 13,116 sqft
    Year built: 1980
    Parking spots: 12
    Days on market: 27
  13. 4 beds, 2 full baths
    Home size: 2,877 sq ft
    Lot size: 2.15 ac
    Year built: 1948
    Parking spots: 4
    Days on market: 34
  14. 6 beds, 5 full baths
    Home size: 5,952 sq ft
    Lot size: 19,901 sqft
    Year built: 1981
    Parking spots: 6
    Days on market: 34
  15. 4 beds, 3 full, 1 part baths
    Home size: 5,467 sq ft
    Lot size: 18,881 sqft
    Year built: 2007
    Parking spots: 4
    Days on market: 37
  16. 6 beds, 5 full baths
    Home size: 4,677 sq ft
    Lot size: 21,539 sqft
    Year built: 1967
    Parking spots: 6
    Days on market: 40
  17. 4 beds, 2 full, 2 part baths
    Home size: 3,561 sq ft
    Lot size: 15,030 sqft
    Year built: 1978
    Parking spots: 6
    Days on market: 43
  18. 4 beds, 1 full, 4 part baths
    Home size: 4,526 sq ft
    Lot size: 10,540 sqft
    Year built: 2001
    Parking spots: 4
    Days on market: 55
  19. 4 beds, 4 full baths
    Home size: 4,166 sq ft
    Lot size: 13,646 sqft
    Year built: 2010
    Parking spots: 2
    Days on market: 57
  20. 4 beds, 5 full baths
    Home size: 4,511 sq ft
    Lot size: 17,128 sqft
    Year built: 2001
    Parking spots: 8
    Days on market: 59
  21. 5 beds, 4 full baths
    Home size: 5,000 sq ft
    Lot size: 1.94 ac
    Year built: 1929
    Parking spots: 10
    Days on market: 69
  22. 4 beds, 2 full, 2 part baths
    Home size: 4,040 sq ft
    Lot size: 1.16 ac
    Year built: 1960
    Parking spots: 6
    Days on market: 76
  23. 5 beds, 5 full, 2 part baths
    Home size: 4,260 sq ft
    Lot size: 20,909 sqft
    Year built: 2001
    Parking spots: 8
    Days on market: 76
  24. 5 beds, 6 full, 2 part baths
    Home size: 7,928 sq ft
    Lot size: 4.77 ac
    Year built: 2009
    Parking spots: 6
    Days on market: 76
  25. 5 beds, 4 full, 1 part baths
    Home size: 4,545 sq ft
    Lot size: 1.60 ac
    Year built: 2009
    Parking spots: 4
    Days on market: 79
  26. 3 beds, 3 full baths
    Home size: 3,800 sq ft
    Lot size: 34,966 sqft
    Year built: 2004
    Parking spots: 4
    Days on market: 81
  27. 5 beds, 9 full, 1 part baths
    Home size: 11,346 sq ft
    Lot size: 1.12 ac
    Year built: 1997
    Parking spots: 8
    Days on market: 83
  28. 5 beds, 5 full, 4 part baths
    Home size: 8,000 sq ft
    Lot size: 1.05 ac
    Year built: 1978
    Parking spots: 8
    Days on market: 86
  29. 4 beds, 3 full, 3 part baths
    Home size: 7,031 sq ft
    Lot size: 25,265 sqft
    Year built: 2000
    Parking spots: 8
    Days on market: 90
  30. 6 beds, 8 full baths
    Home size: 11,996 sq ft
    Lot size: 2.62 ac
    Year built: 2000
    Parking spots: 8
    Days on market: 102
  31. 4 beds, 2 full, 2 part baths
    Home size: 3,596 sq ft
    Lot size: 15,005 sqft
    Year built: 1975
    Parking spots: 4
    Days on market: 104
  32. 6 beds, 6 full, 2 part baths
    Home size: 7,778 sq ft
    Lot size: 2.00 ac
    Year built: 1999
    Parking spots: 6
    Days on market: 104
  33. 4 beds, 3 full, 1 part baths
    Home size: 4,443 sq ft
    Lot size: 16,988 sqft
    Year built: 1973
    Parking spots: 6
    Days on market: 105
  34. 5 beds, 6 full, 1 part baths
    Home size: 9,853 sq ft
    Lot size: 22,856 sqft
    Year built: 1988
    Parking spots: 6
    Days on market: 105
  35. 5 beds, 3 full, 2 part baths
    Home size: 5,350 sq ft
    Lot size: 22,651 sqft
    Year built: 1988
    Parking spots: 8
    Days on market: 125
  36. 5 beds, 2 full, 6 part baths
    Home size: 8,000 sq ft
    Lot size: 4.39 ac
    Year built: 1991
    Parking spots: 8
    Days on market: 128
  37. 5 beds, 4 full, 3 part baths
    Home size: 6,000 sq ft
    Lot size: 6.37 ac
    Year built: 1951
    Parking spots: 6
    Days on market: 136
  38. 5 beds, 5 full, 3 part baths
    Home size: 8,547 sq ft
    Lot size: 28,954 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 142
  39. 7 beds, 6 full, 2 part baths
    Home size: 9,998 sq ft
    Lot size: 1.06 ac
    Year built: 1994
    Parking spots: 8
    Days on market: 188
  40. 6 beds, 7 full, 4 part baths
    Home size: 11,421 sq ft
    Lot size: 30,347 sqft
    Year built: 2013
    Parking spots: 11
    Days on market: 192
  41. 5 beds, 5 full, 2 part baths
    Home size: 6,700 sq ft
    Lot size: 24,295 sqft
    Year built: 2010
    Parking spots: 6
    Days on market: 199
  42. 7 beds, 7 full, 3 part baths
    Home size: 14,374 sq ft
    Lot size: 4.47 ac
    Year built: 1983
    Parking spots: 4
    Days on market: 228
  43. 4 beds, 6 full baths
    Home size: 4,123 sq ft
    Lot size: 14,882 sqft
    Year built: 2006
    Parking spots: 2
    Days on market: 301
  44. 4 beds, 4 full baths
    Home size: 4,000 sq ft
    Lot size: 1.09 ac
    Year built: 2006
    Parking spots: 6
    Days on market: 377
  45. 5 beds, 9 full baths
    Home size: 9,422 sq ft
    Lot size: 30,449 sqft
    Year built: 1984
    Parking spots: 9
    Days on market: 650

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Palos Verdes Dr. West Home Sales Report – April 2013 – Rancho PV

May 3, 2013 in Front Page, Palos Verdes, Palos Verdes Drive West, Rancho Palos Verdes

Pool in the Oceanfront neighborhood of Palos Verdes.

Palos Verdes Drive West neighborhood real estate and home sales report for Rancho Palos Verdes, CA in April 2013.

Homes for sale in the PV Drive West area of Rancho Palos Verdes:

Showing properties 1 - 6 of 6. See more Palos Verdes Dr West Neighborhood Homes for Sale.
(all data current as of 5/19/2013)

  1. 3 beds, 4 full baths
    Home size: 2,761 sq ft
    Lot size: 10,390 sqft
    Year built: 1991
    Parking spots: 4
    Days on market: 7
  2. 5 beds, 9 full, 1 part baths
    Home size: 11,346 sq ft
    Lot size: 1.12 ac
    Year built: 1997
    Parking spots: 8
    Days on market: 84
  3. 4 beds, 3 full, 3 part baths
    Home size: 7,031 sq ft
    Lot size: 25,265 sqft
    Year built: 2000
    Parking spots: 8
    Days on market: 91
  4. 6 beds, 6 full, 2 part baths
    Home size: 7,778 sq ft
    Lot size: 2.00 ac
    Year built: 1999
    Parking spots: 6
    Days on market: 105
  5. 5 beds, 5 full, 3 part baths
    Home size: 8,547 sq ft
    Lot size: 28,954 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 143
  6. 7 beds, 6 full, 2 part baths
    Home size: 9,998 sq ft
    Lot size: 1.06 ac
    Year built: 1994
    Parking spots: 8
    Days on market: 189

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes in escrow in the PV Drive West area of Rancho Palos Verdes:

Homes that sold in the last 12 months in the Palos Verdes Dr West area:

The Market Changed. Have You?

May 1, 2013 in Beach Cities, Buyer Tip, Front Page, Hermosa Beach, Manhattan Beach, Palos Verdes, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Real Estate News, Redondo Beach, Rolling Hills, Seller Tip

The Housing Market Came Roaring Back

Real estate is back in the news with leading stories to whet a viewer’s appetite for more details, and this time it’s not falling prices, foreclosures or strategic defaults.   What began as a whisper last fall turned into a raging roar with the arrival of 2013.  Last night a national news story flashed a map showing a one-year increase in prices of 14% from February 2012 to February 2013 for the greater Los Angeles housing market.

Indeed, the housing market has changed.  Have you and your plans?  If you were waiting for the bottom, you missed it.  If you were waiting for the market to improve before selling, it has.  Are there still good buys?  Yes, but the definition of “good buy” is very fluid these days.  Prices have not yet reached the dizzying heights of 2007 but predictions are prices will continue to rise throughout the year.

In my observations of the housing market behavior, the decline can be slow and painful and occur over several years, but there is a big bounce off the bottom giving the market a momentum to reclaim lost ground with astonishing speed.  Yesterday, as I toured new listings, I noted properties sporting price tags higher than my expectations, and realized, I too, must adjust the value calculator in my head to the new market conditions.

If you are a buyer in this market you will most likely need to lower your expectations of what your budget will buy.  It may be time to expand your search area and your “must have” criteria.  If you are a seller and your life was on hold during the housing crash, it’s time to dust off your delayed plans and move forward with selling your property.

In a perfect world, the market ascent would be slow and predictable.  The only thing I can promise is I can’t predict when the current climb will stall or when the market will take another fall.  There is undoubtedly enough pent-up demand to drive the market for some time.  An increase in interest rates will slow an over-heated market.  The addition of inventory will slow the market and reduce the frenzy of bidding wars and multiple offers.

I dream of working in a balanced market, but if I’ve learned one thing in over 20 years in the business, a balanced market comes and goes in the blink of an eye.  It is never here to stay.