August 2018

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 [...]

July 2018

Rolling Hills CA Market Snapshot July 2018

By | July 23rd, 2018|Buyer Tip, Front Page, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Rolling Hills, Seller Tip|

I showed four Rolling Hills homes last weekend. Yes, it was hot, but my out of the area buyer was in town, and we had to seize the opportunity to view a few homes in the buyer's location of choice. I was delighted to have four houses to show in the buyer's price range. The inventory in Rolling Hills has crept upward during the past several months. There are now 36 Rolling Hills properties listed for sale. At the time I pulled the July statistics only three Rolling Hills residences were in escrow with accepted offers.  12 Rolling Hills homes [...]

June 2018

Rolling Hills Estates and PVP Real Estate Snapshot June 2018

By | June 28th, 2018|Buyer Tip, Front Page, Palos Verdes Drive North, Palos Verdes Peninsula, Rolling Hills Estates|

Yes, there are peacocks in RHE and PVP neighborhoods. There are 21 single-family homes for sale in Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula. Nine properties are in escrow with accepted offers, and 36 single family homes have sold year-to-date. Other Palos Verdes Peninsula Real Estate Snapshots June 2018: June 2018 One Minute Market Video: Palos Verdes real estate market update June 2018. #realestate #palosverdes #normatoeringrealestatebroker #charlemagneinternationalproperties #sellinghomes ##marketreport A post shared by Norma Toering l Real Estate (@normatoering) on Jun 5, 2018 at 11:36am PDT A Rolling Hills Estates horse is [...]

Rancho Palos Verdes Real Estate Snapshot June 2018

By | June 27th, 2018|Buyer Tip, Front Page, Palos Verdes, Seller Tip|

Rancho Palos Verdes claims the coveted title of "Hottest Market on the Hill" for June 2018. With 81 single-family homes for sale, 59 single-family homes in escrow with accepted offers, and 150 Rancho Palos Verdes homes sold year-to-date, the largest city on the Palos Verdes Peninsula is enjoying a hot seller's market as we roll into summer.   Other Palos Verdes Real Estate Market Snapshots for June 2018: June 2018 One Minute Market Video: Palos Verdes real estate market update June 2018. #realestate #palosverdes #normatoeringrealestatebroker #charlemagneinternationalproperties #sellinghomes ##marketreport A post shared by Norma Toering l Real Estate (@normatoering) on Jun [...]

Rolling Hills, CA Real Estate Snapshot June 2018

By | June 26th, 2018|Front Page, Horse Property, Lifestyle in Palos Verdes, Palos Verdes Luxury Homes, Rolling Hills, Seller Tip|

Rolling Hills experienced a mini-surge in new listings during the past few weeks. The new listings coupled with only three homes in escrow with accepted offers pushed the Rolling Hills market into a strong buyer's market. This may be a temporary imbalance due to the high number of listings during the summer selling season, and buyers may absorb the new inventory, but we'll have to wait and see. Meanwhile, now is an excellent time to be a buyer if you're in the market to buy a Rolling Hills home. There are 37 homes for sale in Rolling Hills. Three houses [...]

Palos Verdes Estates, CA Real Estate Snapshot June 2018

By | June 25th, 2018|Front Page, Lifestyle in Palos Verdes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes Estates, Palos Verdes View Homes|

There are 60 Palos Verdes Estates single-family homes for sale. 30 Palos Verdes Estates single-family residences are in escrow with accepted offers, and 71 PVE single-family houses have sold year-to-date. Those numbers tell us Palos Verdes Estates remains in a strong seller's market. Other Palos Verdes Market Snapshots for June 2018: Palos Verdes Estates was the only sub-market on the Palos Verdes Peninsula that experienced an uptick in "market heat" since the May statistics were tallied.  All the other markets cooled to some degree. That speaks to the desirability of the coastal homes in Palos Verdes Estates, and perhaps foretells a [...]

May 2018

Palos Verdes Horse Property

By | May 29th, 2018|Buyer Tip, Front Page, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Rolling Hills|

I've been traipsing up and down the hills of Rolling Hills in search of a luxury horse property with stable accommodations near the house--the prospective buyer does not want to venture to the bottom of the canyon to tend the horses. I'm also on the hunt for a fixer Rolling Hills property with pool, view, and room for horses. As you can imagine, these buyer requests ensure I preview nearly every Rolling Hills horse property that comes on the market. I'm sure if I wore a "Fitbit" my Tuesday (broker open house day for new listings) total of steps would [...]

Palos Verdes Estates CA Real Estate Market Snapshot May 2018

By | May 16th, 2018|Front Page, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes Estates, Valmonte|

Palos Verdes Estates real estate market for single family homes remains in a strong seller's market. There are 54 PVE residences for sale. 27 Palos Verdes Estates homes are in escrow with accepted offers. 56 PVE single family properties have sold year-to-date. The Palos Verdes Estates real estate market for single family homes shows a slight uptick since the arrival of the spring selling season.   Palos Verdes real estate snapshots for other markets on the Palos Verdes Peninsula:   Palos Verdes Homes Market Report May 2018. #palosverdes #realestate #normatoeringrealestatebroker #charlemagneinternationalproperties #sellmyhome #luxuryrealestate #luxuryhomes A post shared by Norma Toering l [...]

April 2018

Rolling Hills CA Real Estate Report April 2018

By | April 11th, 2018|An Agent's Life, Buyer Tip, Front Page, Horse Property, Lifestyle in Palos Verdes, Rolling Hills|

  The Rolling Hills real estate market is in a neutral zone favoring neither the seller nor the buyer. A neutral market offers equal negotiating power to both parties. Unlike a strong seller's market with limited inventory, a balanced neutral real estate market offers more choices to prospective buyers and more competition for sellers. The higher price point of Rolling Hills properties impacts the speed of absorption. The pool of prospective buyers for luxury homes is smaller than that of people shopping for an entry-level home in the million dollar range. There are currently only three homes priced under $2,000,000 [...]

Palos Verdes Real Estate Market Snapshot April 2018

By | April 10th, 2018|An Agent's Life, Buyer Tip, Front Page, Los Angeles Luxury Homes, Palos Verdes View Homes, Rancho Palos Verdes Lisitng Agent, Rancho Palos Verdes top agent, Seller Tip|

    The weather today is hotter than the single-family residential market on the Palos Verdes Peninsula--and that's hot! Thanks to Santa Ana winds and a longtime smoldering seller's market both fall into the "hot" category. How long either will last is hard to predict, but one thing I'm certain of is neither one will last forever. Notice the "Little Yellow Dot" indicates the heat of the seller's market is intensifying as we enter the spring and summer selling seasons. Most people prefer to move during the summer, especially if they have children in school. Let's review other sub-markets within [...]