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 [...]

June 2018

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 [...]

May 2018

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 [...]

April 2018

Where Are Palos Verdes Luxury Homes Located?

By | April 25th, 2018|Buyer Tip, Featured Posts, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Palos Verdes Luxury Homes, Seller Tip|

New construction along the coast in Rancho Palos Verdes, CA. Palos Verdes luxury homes are located throughout the four cities on the Palos Verdes Peninsula. If we define "luxury home" as those properties selling for $3,000,000 and up, there is a higher concentration of luxury properties in Rolling Hills and Palos Verdes Estates. Rancho Palos Verdes is gaining ground in the luxury category as well. Luxury home sales on the Palos Verdes Peninsula during the past twelve months: Palos Verdes Estates:  23 Luxury homes sold per MLS records. Rancho Palos Verdes:  16 Luxury home sales were recorded per MLS [...]

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 [...]

March 2018

Palos Verdes Horse Property Report March 2018

By | March 31st, 2018|An Agent's Life, Buyer Tip, Horse Property, Lifestyle in Palos Verdes, Los Angeles Luxury Homes, Seller Tip|

Last week I had a listing appointment with a prospective seller of horse property in Rancho Palos Verdes. We discussed the improvement of some long-neglected trails in RPV and the impact the improvements will have on horse property in the area. Although Rolling Hills Estates and Rolling Hills are noted for their abundance of properties zoned for horses, many residences in the Palos Verdes Drive East area are zoned for horses as well. The Portuguese Bend area of Rancho Palos Verdes is another horse friendly neighborhood. Riding trails and boarding stables are located in the Valmonte neighborhood of Palos Verdes [...]

February 2018

Rolling Hills CA Real Estate Report February 2018

By | February 11th, 2018|Buyer Tip, Front Page, Horse Property, Los Angeles Luxury Homes, Rolling Hills, Seller Tip|

Rolling Hills Photo by Norma Toering   For my readers who live in Rolling Hills, CA and for those of you who plan to in the near future, I'm sure this information will be of value to you. 22 Rolling Hills single family homes are currently for sale. Four Rolling Hills properties are in escrow with accepted offers. Three residential properties sold YTD in Rolling Hills.   Palos Verdes Real Estate Market Update Feb 2018. #normatoeringrealestatebroker #palosverdes #charlemagneinternationalproperties #clicktowakemeup 😴 A post shared by Norma Toering l Real Estate (@normatoering) on Feb 6, 2018 at 11:07am PST   [...]