Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Lunada Bay/Margate neighborhood for the first half of 2020 decreased to 19 single family homes sold in 2020 compared to 28 in 2019.  Price per square foot for Lunada Bay/Margate houses that sold in the first half of 2020 increased to $758 from $704 in 2019, a 7.6% increase.  Average sales price for Lunada Bay/Margate homes sold in the first half of 2020 increased to $2,515,450 in 2020 compared to $2,433,204 in 2019.  The most expensive Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $5,315,000 and the lowest priced Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $1,250,000. Currently, the Lunada Bay/Margate neighborhood has 12 Palos Verdes homes for sale.  There are 10 single family homes for sale ranging in price from...
Comments 1
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Special Events: Palos Verdes Peninsula Land Conservancy is slowly opening up its trails & hikes for all to enjoy. This is exciting to hear since we have been unable to enjoy all of the great outdoor opportunities the Conservancy has to offer.The Nature Walk for families will take place at Vicente Bluffs Reserve, on Saturday, August 8, 2020, at 9:00 a.m. The nature walk leaders will be giving an overview of the unique nature, wildlife and botanical highlights of the area. Then you set off for a self guided walk from the bluff top at Point Vicente to Oceanfront Estates and observe the endangered El Segundo blue butterfly during its flight season along restored coastal sage scrub habitat. RSVP at www.pvplc.org,Events & Activities. The Reserve stretches around the bluffs of Lower Point Vice...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate sales June 2020 for Palos Verdes homes increased compared to May.  54 Palos Verdes houses sold in June compared to the 31 homes sold in May and decreased compared to the 60 homes that sold in June 2019.  There were 72 Palos Verdes single family homes pending in June which increased from the 56 homes pending in May.  The number of active Palos Verdes homes for sale in June (154) increased from the 132 homes for sale in May. Average sales price for Palos Verdes homes sold in June decreased to $1,748,000 compared to $1,789,000 in May, and decreased from the $1,823,000 in June 2019.  Price per square foot for Palos Verdes houses that sold/closed escrow in June increased to $653 from $606 in May.  Average days on market in June was 53 days which decreased from the 63...
Comments 2
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Art Center had to change it’s schedule this year like so many other programs. They were not able to finish their Spring Term Classes, and the Summer Classes have been canceled due to the public health concerns. However, they have been able to put together “The Summer Show” which will show submissions from the Palos Verdes Art Center’s eight active artists groups.The Summer Show will take place from July 20, 2020, through August 22, 2020, and images of all exhibition artwork will be online from their gallery on July 20. The virtual exhibition can be viewed by going to pvartcenter.org.The Fall Term of classes is scheduled to start on September 14, 2020, and will run through November 20, 2020. When the Art Center is able to open, it will follow strict social distancing and...
Comments 1
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
In my article last week, I discussed the overall sales numbers for single family Palos Verdes homes sold in the first half of 2020 with the number of homes sold (259 in 2020, from 296 in 2019), a decrease in the average sales price (2.4%), and a decrease in the average price per square foot (4.7%).  There is still a high demand for Palos Verdes homes and, as inventory is low, multiple offers are common.  Below is information on specific Palos Verdes neighborhoods.  The chart above can be enlarged by clicking on it or go to the “Statistics” tab above.The Palos Verdes Drive South area of Rancho Palos Verdes posted the largest gain in average sales price for Palos Verdes homes – $2,669,910 for the first half of 2020 compared to $1,642,692 in the first half of 2019 for a 62.5% gain, followe...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for Eastview/RPV increased to 54 single family homes sold compared to 53 in 2018.  Price per square foot for Eastview/RPV houses that sold in 2019 increased to $526 compared from $517 in 2018, a 1.9% increase.  Average sales price for Eastview/RPV  homes sold in 2019 was $900,733 compared to $904,838 in 2018.  The most expensive home sold for $1,388,000 and the lowest priced home sold for $517,500. Currently, Eastview/RPV  has 12 active Palos Verdes homes for sale.  There are 3 single family homes ranging in price from $919,000 for a 4 bedroom/2 bath,1,512 square foot home, to $1,200,000 for a 4 bedroom/3 bath, 2,348 square foot home.  There are 3 condo/townhomes ranging in price from $399,000 for a 2 bedroom, 2 bath, 1,207 square foot condo, to $669,990 f...
Comments 3
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners are having to get creative these days looking for fun outdoor opportunities for their children to enjoy. Summer is a great time to try new things, but this summer has added some challenges what we normally enjoy. One great event that you may want to consider for the whole family is a trail ride in Palos Verdes. Whether its going through the canyons or along Palos Verdes Drive North, now is the time to take that ride and enjoy our wonderful summer weather.  You also get a different view of nature sitting on top of a horse and riding through our special areas.  Our local Palos Verdes Stables offer many different type of equestrian activities.  You can enjoy pony camps, trail rides, and even private or group lessons.On the trail ride you will be paired with one of...
Comments 3
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite new Palos Verdes homes listings on August 4, 2020, are described below.  We currently have 135 single family Palos Verdes homes for sale ranging in price from $1,195,000 in Rancho Palos Verdes (the low in Eastview is $999,900) to $19,500,000 in the City of Palos Verdes Estates. There are 42 Palos Verdes condos/townhomes for sale priced between $410,000 and $2,245,000.  My favorite new Palos Verdes homes listings are:      Chris Adlam’s (Vista Sotheby’s International Realty) 23 Country Meadow Road, Rolling Hills Estates, 90274 (above left) is a 5 bedroom, 3 bath, 4,355 square foot home for $2,399,000. This gated community (The Ranch) home features ocean views, spacious kitchen, gorgeous master suyite w/fireplace & private sun room, spacious backyard w/pool/spa and fruit trees...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes AYSO Soccer (Region 10) is changing its registration process a bit. If you have already registered, you are all set. If you haven’t registered yet, when you will register it will be under a “waitlist” with no requirement to pay until a start date has been determined. After the start date has been set, you will receive an email asking you to “finish” registering your child by submitting your payment. This process allows you to sign up your child without actually paying yet and allows you to make your final decision closer to the actual start date. The home page at http://ayso.bluesombrero.com/region10 will show the division and age slots.When it is determined that play can begin, AYSO ‘s goal is that they will have all protocols in place. The guidelines are being developed b...
Comments 2
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate statistics for the first half of 2020 were affected by Covid-19 and the quarantine.  Average sales prices decreased for the first half of 2020 which was a surprise as there has been low inventory and multiple offers are common.  The number of Palos Verdes homes sold in the first half of 2020 was lower than the first half of 2019 (259 compared to 296).  2020 first half average sales price for Palos Verdes homes decreased compared to the first half of 2019 – $1,845,727 compared to $1,892,002.  Average price per square foot for Palos Verdes homes sold in the first half of 2020 was $633 compared to $664 for the same time period in 2019. The mix of Palos Verdes homes sales for the first half of 2020 showed fewer sales in all categories (except over $5,000,000) with ...
Comments 1
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Library District has some great opportunities for children and adults. Even though the library is closed for visitors, it offers many fun & interesting things to participate in.  No matter what your age, there is something for all of us here to enjoy.  The Palos Verdes Library District is dedicated to providing online services to the community during the COVID-19 virus.  The wonderful thing about these programs is that many of the digital resources can be accessed 24/7 with your library card.  If you don’t currently have a library card, you can sign up online and it will be emailed back to you within 48 hours (click here for link). During the month of August the library will have a Friday Film Fest discussion to enjoy on Zoom. You will be able to watch these films from...
Comments 2
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes home owners are lucky that we have some of the cleanest beaches in California for our families to enjoy.  Earlier this year, the beaches were closed because of the Coronavirus and it truly effected our local residents. Recently, we have been able to enjoy our beautiful beaches but they will be closed for this weekend. Every year the beach water is reported through the Heal the Bay reporting system. Once again Heal the Bay has reported that Palos Verdes beaches and coves are in the current top Honor Roll 2019-2020 list for California.  This means that our local waters have received grades of A & A+ during the summer dry part of the year.  Because of the wet weather this year, several of our beaches received B reports because of trail outlets, but once again year round wet w...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 Point Vicente Interpretive Center had to stop its whale counting this year in March because of the corona virus. This famous landmark gives Palos Verdes homes owners a local center where they can go and watch these massive mammals off our coastline.   The season officially started on December 1, 2019, with most of the whales traveling south to Baja.  To see these magnificent creatures, there are several different local options to choose from.  Point Vicente Interpretive Center located at 31501 Palos Verdes Drive South, Rancho Palos Verdes, welcomes visitors to this premier whale watching site for viewing (bring binoculars).  Currently the park grounds are open, as well as the restrooms and walking trails. The museum and gift store are closed at this time due to the virus. For more info...
Comments 1
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite new Palos Verdes homes listings on June 16, 2020, are described below.  We currently have 149 single family Palos Verdes homes for sale ranging in price from $1,125,000 in Rancho Palos Verdes (the low in Eastview is $949,000) to $18,999,000 in the City of Rolling Hills.  There are 43 Palos Verdes condos/townhomes for sale priced between $418,000 and $2,245,000.  My favorite new Palos Verdes homes listings are:        Chris Adlam’s (Vista Sotheby’s International Realty) 8 Possum Ridge Road, Rolling Hills, 90274 (above left) is a 5 bedroom, 7 bath, 7,928 square foot home for $7,499,000. This fabulous Rolling Hills home features panoramic Queen’s necklace/city views, gourmet kitchen, media room, wine cellar, sports court and pool/spa. David Caskey’s (Strand Hill Christies Int’...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 Palos Verdes business owners are hoping that as businesses start to open, you remember to continue to help our community by “Shopping Local First.” The Palos Verdes Peninsula Chamber of Commerce is reminding us of its “Local First” initiative to assist our local economy and is showing Palos Verdes homes owners all the benefits that our community receives by supporting local businesses.  We have been staying “safer at home” for several months, and are now able to get out and run our own errands as we did in the past.  However, we must remember that our local restaurants, retail stores, dance studios, music stores and gyms have seen a tremendous downside recently.  As we look around the local shopping centers now, retail stores have re-opened up in the shopping centers and some restauran...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for Los Verdes remained the same at 40 single family homes sold in both 2019 and 2018. Price per square foot for Los Verdes houses that sold in 2019 increased to $663 compared from $629 in 2018, a 5.4% increase.  Average sales price for Los Verdes homes sold in 2019 was $1,320,800 compared to $1,307,702 in 2018.  The most expensive home sold for $2,200,000 and the lowest priced home sold for $960,000. Currently, Los Verdes has 1 active Palos Verdes home for sale.  There is 1 single family home priced at $1,300,000 for a 5 bedroom, 3 bath, 2,440 square foot home. There are no condo/townhomes for sale in this area. For background and history on Los Verdes Multiple Listing Area 173, please click here to read my prior article on this neighborhood. To view curr...
Comments 2
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
The Palos Verdes Library District will be starting its new Curbside Pickup tomorrow, June 2, 2020, at one of the Palas Verdes libraries. You can now place, cancel, suspend and pickup holds. In order to participate, first check your account at www.pvld.org, and if your current holds are available for pickup it will say “Ready for Pickup.”  You are also able to cancel any holds you no longer need and place new holds.Beginning tomorrow, you can drive up to either Peninsula Center, Miraleste or Malaga Cove Library branches to pick up holds. The hold pickup hours are Tuesday, Wednesday, Thursday and Saturday from 10:00 a.m. to 2:00 p.m.At the Peninsula Center Library, you will enter the roof parking lot at 650 Deep Valley Drive, and follow the signage. In order to speed things up, please hav...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
2019 Palos Verdes homes sales for La Cresta remained the same at 31 single family homes sold in both 2019 and 2018. Price per square foot for La Cresta houses that sold in 2019 decreased to $569 compared from $595 in 2018, an 4.5% decrease.  Average sales price for La Cresta homes sold in 2019 was $1,951,935 compared to $2,123,857 in 2018.  The most expensive home sold for $2,885,000 and the lowest priced home sold for $1,130,000. Currently, La Cresta has 8 active Palos Verdes homes for sale.  There are 6 single family homes ranging in price from $1,635,000 for a 3 bedroom/2 bath, 2,297 square foot home, to $8,800,000 for a 5 bedroom/7 bath, 7,100 square foot home.  There are 2 condo/townhomes ranging in price from $749,900 for a 2 bedroom/3 bath, 1,400 square foot condo/townhome, to $8...
Comments 2
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners will have to wait another year to enjoy the Palos Verdes Summer Concerts due to the Covid-19 virus.  The summer normally brings blankets, music and fun, however, this summer large crowds will not be happening in our area.The Malaga Cove concert series which has been going on for years, and normally takes place on eight Wednesday’s following the Fourth of July, has now been cancelled due to social distancing.  The Malaga Cove Business and Professional Association put out a notification that this year it would be unable to continue the series.Lunada Bay Homeowners Association is cancelling their summer concerts this year also.  They are hoping to be able to bring back some music in September and October.The Neighborhood Church will not be enjoying any summer conc...
Comments 0
By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite new Palos Verdes homes listings on May 26, 2020, are described below.  We currently have 125 single family Palos Verdes homes for sale ranging in price from $1,125,000 in Rancho Palos Verdes (the low in Eastview is $948,000) to $18,999,000 in the City of Rolling Hills.  There are 41 Palos Verdes condos/townhomes for sale priced between $422,000 and $2,245,000.  My favorite new Palos Verdes homes listings are:      Jeff Amberg’s (Vista Sotheby’s International Realty) 1508 Paseo Del Mar, Palos Verdes Estates, 90274 (above left) is a 6 bedroom, 5 bath, 4,450 square foot home for $4,900,000.  This special Lunada Bay retreat features panoramic ocean/mountain/city views, large banquet room, office, second floor viewing deck, and ocean views from every room.  Chris Adlam’s (Vista S...
Comments 0