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 [...]

Rancho Palos Verdes Homes Market Snapshot July 2018

By | July 21st, 2018|Buyer Tip, Country Club, Crest, Eastview, La Cresta, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Los Verdes, Mira Catalina, Palos Verdes, Palos Verdes Drive East, Palos Verdes Drive South, Palos Verdes Drive West, Peninsula Center, Rancho Palos Verdes, Rancho Palos Verdes top agent, Seller Tip, Silver Spur|

Thinking of selling or buying in 2018? It's not too late to catch the wave! I'm sipping a tall glass of iced sun tea as I write this on a hot and humid Saturday morning. July's heat is more than making up for our colder than usual June! Does weather affect the Palos Verdes real estate market? Yes, but not nearly as much as in other parts of the U.S. Once in a while I will have a showing cancellation due to extreme heat, but those are rare. Many homes have air conditioning or ocean breezes--sometimes both, making touring houses [...]

Palos Verdes Luxury Homes Real Estate Snapshot July 2018

By | July 17th, 2018|Lifestyle in Palos Verdes, Los Angeles coastal income property, Los Angeles Luxury Homes, Palos Verdes Luxury Homes, Palos Verdes View Homes, Rancho Palos Verdes Lisitng Agent, Rancho Palos Verdes top agent|

Last week's triple-digit heat wave reminded me how thankful I am to live in a coastal community. I don't know about other agents, but my client and I braved the weekend heat wave and toured several Palos Verdes homes for sale. Weather rarely deters a determined buyer (and their agent), but temperatures in the 90s, an unrelenting sun, and houses with no air-conditioning did call for several bottles of water and a shade break or two.  :) The luxury home market is experiencing increased inventory and shrinking sales. There are 65 Palos Verdes luxury homes priced over $3,000,000 listed for sale [...]

Palos Verdes Real Estate Snapshot July 2018

By | July 13th, 2018|Buyer Tip, Favorite Photos - Palos Verdes, Lifestyle in Palos Verdes, Los Angeles coastal income property, Los Angeles Luxury Homes, Palos Verdes Luxury Homes|

  Cooling Off at RAT Beach   Hot weather, firecrackers and sky-high temperatures have not taken the sizzle out of the local Palos Verdes real estate market. Although inventory is up slightly with 219 single family homes for sale, the market is firmly embedded in a still strong seller's market. 87 Palos Verdes single family homes are in escrow with accepted offers, and 342 residences have sold year-to-date in Palos Verdes.   Palos Verdes real estate snapshots by the city: Palos Verdes luxury home snapshot ($3mm+): Both the luxury market and Rolling Hills have increased inventory and sluggish [...]

June 2018

Palos Verdes Homes Market Snapshot June 2018

By | June 22nd, 2018|Buyer Tip, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes View Homes, Rancho Palos Verdes, Rancho Palos Verdes Lisitng Agent, Rancho Palos Verdes top agent|

Portuguese Bend Beach in Rancho Palos Verdes The inventory of Palos Verdes single-family homes for sale is up slightly since last month's report, but the number of pending sales (100) remains the same. Given the increase in homes for sales the market temperature cooler slightly.  However, the overall real estate market in Palos Verdes remains a seller's market. There are 199 single-family homes for sale on the Palos Verdes Peninsula. 100 Palos Verdes homes are in escrow with accepted offers and 266 PV single-family residences have sold year-to-date. June 2018 Market Snapshots for Palos Verdes real estate markets: The Palos [...]

Palos Verdes Luxury Homes Market Snapshot June 2018

By | June 19th, 2018|Buyer Tip, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Lunada Bay, Malaga Cove, Monte Malaga, Palos Verdes Drive East, Palos Verdes Drive South, Palos Verdes Drive West, Palos Verdes Luxury Homes, Rancho Palos Verdes Lisitng Agent, Rancho Palos Verdes top agent|

The Palos Verdes luxury home real estate market is comfortably settled in a neutral market favoring neither the seller nor the buyer as it has been for the past several months. There are 57 luxury homes priced at or above $3,000,000 for sale on the Palos Verdes Peninsula. 13 Palos Verdes luxury homes are in escrow with accepted offers. 24 Palos Verdes luxury homes have sold year-to-date. Palos Verdes Real Estate Market Snapshots June 2018:   For more information about the Palos Verdes luxury home market contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.   Selling Palos Verdes Properties since 1992

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 Bluff and Oceanfront Homes

By | May 28th, 2018|Buyer Tip, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes Estates, Palos Verdes Luxury Homes|

There's a new listing in Rancho Palos Verdes that invites agents to stroll through it rather than make the mad dash we usually do at new listings. I love a pleasant garden, and when there is also a panoramic view of Pacific Ocean as a backdrop, the garden will win my full attention.  As I took in the garden vignettes, the sound and smell of the coastal location could not be ignored. Even though I had a long list of homes to preview for clients, I lingered a few moments at this property. It's the type of residence that draws [...]

Rolling Hills Real Estate Report May 2018

By | May 17th, 2018|Buyer Tip, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes, Rolling Hills, Seller Tip|

The Rolling Hills real estate market remains in a neutral market favoring neither the seller nor the buyer. The higher price point of Rolling Hills residences translates to a slower absorption rate.  Many RH homes spend more days on the market than properties in other Palos Verdes real estate submarkets. The luxury market for homes over $3,000,000 is another example of higher prices usually translating to more days on the market due to a smaller pool of qualified buyers. There are 30 Rolling Hills homes for sale and only six in escrow at the time of this writing. Eight Rolling [...]