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September 2018

Palos Verdes Luxury Homes Real Estate Snapshot September 2018

By | September 19th, 2018|An Agent's Life, Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes Drive South, Palos Verdes Drive West, Palos Verdes Estates, Palos Verdes Luxury Homes, Rancho Palos Verdes, Valmonte|

The Palos Verdes luxury home market experienced a noticeable uptick in activity at the close of summer with a few homes going off the market and the number of high-end homes in escrow nearly doubling.  With those numbers, my Little Yellow Dot indicates the luxury home market is still favoring buyers, but moving closer toward a neutral market favoring neither the seller nor the buyer.   The Rolling Hills market (primarily high-end properties) reflects a similar shift due to a reduction in the number of homes for sale, and an increase in the number of residences in escrow with accepted [...]

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Rolling Hills Estates and PVP Real Estate Snapshot Sept. 2018

By | September 19th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Rancho Palos Verdes top agent, Rolling Hills Estates|

  New Construction Homes in Rolling Hills Estates   The median sale price for Rolling Hills Estates homes is $1.4 mm. There are 28 Rolling Hills Estates and PVP (unincorporated area of the Palos Verdes Peninsula) single-family homes listed for sale. Four RHE and PVP residences are in escrow with accepted offers. 56 PVP and RHE single-family properties have sold thus far in 2018.   My Little Yellow Slider indicates the Rolling Hills Estates and Palos Verdes Peninsula real estate markets moved into a buyer's market due to a slight increase in inventory and a dip in pending sales. [...]

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Palos Verdes Real Estate Snapshot Sept 2018

By | September 13th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes Estates, Rancho Palos Verdes, Rancho Palos Verdes Lisitng Agent, Rancho Palos Verdes top agent, Rolling Hills|

  September is here, and I love the cooler mornings and evenings. There seems to be some cooling happening in the local single-family homes real estate market, too. Is it weather related? Maybe, but with back-to-school and a three-day weekend, it's difficult to pinpoint the reason. Most likely, it's an aging seller's market operating with a lower buyer demand--supply and demand define the market, and the Palos Verdes single-family real estate market is approaching a neutral market favoring neither the seller nor the buyer. Inventory is remaining steady with 216 Palos Verdes single family homes listed for sale. That's the [...]

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August 2018

Rolling Hills Estates and PVP Real Estate Snapshot August 2018

By | August 31st, 2018|An Agent's Life, Buyer Tip, Horse Property, Los Angeles coastal income property, Los Angeles Luxury Homes, Palos Verdes Drive North, Rolling Hills Estates|

New Construction Home in RHE   Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering l Real Estate (@normatoering) on Aug 7, 2018 at 10:33am PDT If you live or are contemplating purchasing a home in Rolling Hills Estates or the unincorporated area of the Palos Verdes Peninsula, my Little Yellow Dot will give you a market update at a glance.  How easy was that? No graphs and charts to decipher or a lengthy analytical synopsis of the local real estate conditions.  :)  However, I can provide more details if wanted or needed. [...]

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August 2018 Single Family Homes Snapshot for Rancho Palos Verdes CA

By | August 30th, 2018|An Agent's Life, Buyer Tip, Country Club, Crest, Eastview, Front Page, La Cresta, Los Verdes, Mira Catalina, Palos Verdes Drive East, Palos Verdes Drive South, Palos Verdes Drive West, Peninsula Center, Rancho Palos Verdes, Rancho Palos Verdes Lisitng Agent, Silver Spur|

The summer of 2018 in Rancho Palos Verdes can be summed up with "Hot Market and even Hotter Weather." This RPV pool looked so inviting on a sizzling summer day.   Rancho Palos Verdes continues to be the hottest market on the hill, per my Little Yellow Dot market slider, with 107 single family homes for sale and 51 single family residences in escrow with accepted offers. 228 Rancho Palos Verdes single family homes have sold thus far in 2018.   Other Palos Verdes Peninsula Real Estate Snapshots for August 2018: Rolling Hills and the $3 mm and [...]

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Rolling Hills Real Estate Snapshot August 2018

By | August 29th, 2018|Buyer Tip, Front Page, Horse Property, Los Angeles Luxury Homes, Rolling Hills|

  Rolling Hills has 34 properties for sale, four in escrow with accepted offers, and 12 Rolling Hills residences have sold thus far in 2018. Supply outstrips demand in the Rolling Hills real estate market, and this imbalance indicates a strong buyer's market. However, due to an uptick in the number of homes in escrow, my Little Yellow Dot slider shows the buyer's market is inching toward a neutral market favoring neither the seller nor the buyer as summer draws to a close. Other Palos Verdes real estate market snapshots for August 2018: Palos Verdes Real Estate Snapshot for August [...]

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Palos Verdes Estates Real Estate Snapshot August 2018

By | August 28th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes, Palos Verdes Estates, Valmonte|

Queen's Necklace view from a Palos Verdes Estates window. There are 54 Palos Verdes Estates single-family homes listed for sale per the local Multiple Listing Service. This number has remained in the 50 to 60 range for the past several months. These consistent statistics indicate Palos Verdes Estates homes are being listed and sold at a rate that keeps supply and demand balanced. My "Little Yellow Dot" points to a stable market, but with some cooling and movement toward a neutral demand in the Palos Verdes Estates single-family real estate market. 18 Palos Verdes Estates single-family homes are [...]

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Palos Verdes Luxury Homes Report August 2018

By | August 27th, 2018|Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Luxury Homes|

  The luxury home market for homes priced over $3,000,000 on the Palos Verdes Peninsula showed a slight uptick in accepted offers, but the market continues to favor buyers due to the number of luxury homes listed for sale in comparison to the number of homes sold. Supply far outstrips demand in the high-end real estate market on the Palos Verdes Peninsula. However, there are seven Palos Verdes luxury homes priced over $3,000,000 in escrow with accepted offers, but 67 luxury properties are actively for sale. 34 Palos Verdes luxury homes ( $3 mm+) have sold thus far in 2018. The [...]

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Palos Verdes Real Estate Snapshot August 2018

By | August 24th, 2018|Buyer Tip, Front Page, Los Angeles Luxury Homes, Palos Verdes Luxury Homes, Rancho Palos Verdes top agent|

  It's been a sizzling summer on the Palos Verdes Peninsula, but the temperature of the local real estate market has cooled as the thermometer headed skyward. April's market slider was 1.8 on my Little Yellow Dot sliding scale; August comes in at 2.7 by the same measurement. This change translates to a slight move toward a balanced market favoring neither the seller nor the buyer. However, we are still in a seller's market albeit a weakening one. The spring market compared to the summer market of 2018:   There are 216 single-family homes for sale on the Palos Verdes Peninsula. [...]

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Will Millennials Buy Boomers’ Big Houses?

By | August 2nd, 2018|An Agent's Life, Buyer Tip, Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Palos Verdes Luxury Homes, Rancho Palos Verdes Lisitng Agent, Seller Tip|

Since I make it a habit of following real estate trends, I've been wondering who will buy the baby boomers' big houses when it's time for them to downsize.  I'm sure you've seen trending articles stating Millennials do not want the family china, antiques, and other stuff filling their parents' home. The big question is, will they want to move into the family home, or purchase one of their choosing? Perhaps smaller and closer to the urban center--time will tell. The giant boomer generation owns two out of every five homes in the United States. Let that statistic sink in [...]

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