One of the things I like best about Palos Verdes, besides the coastal setting and stellar school system, is the wide variety of housing choices available. A 45 minutes drive around the Palos Verdes Peninsula will encompass 1950s and 60s cookie cutter communities (albeit with a luxurious flair) beginning to assert their individuality with distinctive remodels and architectural makeovers, to coastal estates and horse properties complete with stables and direct access to the numerous riding trails laced throughout the hills and canyons.
If a hint of history and character are desired, Palos Verdes Estates offers many Old Spanish beauties built in the 1920s and 30s in Malaga Cove. Enter at your own risk because they are heart stealers. The current price range available in Palos Verdes Estates is $950,000 (4 bedrooms 2 baths) to $10,500,000 (a coastal compound).
If you fancy yourself an urban rancher, saddle up some Saturday morning in your house hunting gear and I’ll give you a tour of Rolling Hills and Rollings Hills Estates. We’re sure to see other fellow compatriots out on the riding trails and mucking out the stalls of their prized equine friends. Prices in these two cities range from $939,000 (updated cutie) to $12,950,000 (need I say this is an estate to remember).
Looking for something a bit more traditional? Rancho Palos Verdes offers singles family homes from $639,000 (needs work) to $10,000,000 (A Donald Trump home at Trump National Golf Course).
Homes under $1,000,000 are selling at a faster pace than we’ve seen in years. At one point during the recession and depressed housing market there were more than 50 homes for sale on the Palos Verdes Peninsula priced below the 1M mark. As of April 1, 2012 there are 35 and I expect that number to dwindle as we move deeper into the prime buying season.
If you’re contemplating selling a property now is an excellent time to put it on the market. Inventory is down and demand is up.
Norma Toering – (310) 493-8333