Palos Verdes Peninsula, CA Real Estate News

By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners are happy to join in the celebration of the 10th year anniversary of Terranea Resort.  Now and through 2020, the resort will be having special events to celebrate this milestone anniversary showing their commitment to the community which has helped partner with the resort.Terranea Resort offers many local opportunities for the community to join such as complimentary walks, the Terranea falconer, live music at the Lobby Bar, Sea Harvest Workshops, Terranea Sounds at Nelson’s and now the Catalina Kitchen is launching a new coastal inspired Friday Night Buffet.  Starting today, this seafood forward Friday Night Buffet will feature seasonal ingredients with a bountiful Pacific seafood boil with clams, mussels, shrimp, corn and potatoes, alongside vegetarian and veg...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Monte Malaga neighborhood for the first half of 2019 increased to 18 single family homes sold in 2019 compared to 17 in 2018.  Price per square foot for Monte Malaga houses that sold in the first half of 2019 increased to $708 from $685 in 2018, a 3.3% increase.  Average sales price for Monte Malaga homes sold in the first half of 2019 decreased to $2,426,678 in 2019 compared to $2,747,934 in 2018.  The most expensive Palos Verdes home sale in the Monte Malaga neighborhood was $4,758,000 and the lowest priced Palos Verdes home sale in the Monte Malaga neighborhood was $1,250,000.Currently, the Monte Malaga neighborhood has 18 Palos Verdes homes for sale.  There are 18 single family homes for sale ranging in price from $1,375,000 for a 4 bedroom/3 bath, 2,...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of September 2019, the Palos Verdes Peninsula Land Conservancy is offering outdoor hikes/activities for Palos Verdes home owners to enjoy including bird walks, nature walks with naturalists and volunteer opportunities which are listed below. Special Events:  Team Leader Training will take place at White Point Nature Center on Saturday, September 7, 2019, from 9:00 a.m. to 12:00 p.m.  This program is for you if you love restoring habitats and working with others.  Team Leaders provide support and oversight during events.  Applicants must be at least 16 years old.  Sign up at www.pvplc.volunteerhub.com. Guided Nature Walk by Palos Verdes Peninsula Land Conservancy will take place at Alta Vicente Reserve on Saturday, September 14, 2019, at 9:00 a.m.  You will enjoy the be...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the August 20, 2019 Palos Verdes real estate Broker’s Tour (33 homes had open houses today) are described below.  We currently have 259 single family Palos Verdes homes for sale ranging in price from $969,000 in Rancho Palos Verdes (The low in Eastview is $799,999) to $27,500,000 in the city of Palos Verdes Estates.  There are 46 Palos Verdes condos/townhomes for sale priced between $395,000 and $2,345,000.  My favorite Palos Verdes homes today:     Steven Watt’s (Vista Sotheby’s Int’l Realty) 17 Via Del Cielo, Rancho Palos Verdes, 90275 (above left) is a 5 bedroom, 7 bath, 7,340 square foot home for $5,698,000.  This Oceanfront Estates bluff home features endless ocean/coastline views, gourmet kitchen, sunroom, spectacular master suite w/office, and po...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners have a new location to view the great Peninsula Cars & Coffee monthly display.  Now presented by the Palos Verdes Concours d’Elegance, the new host sponsor will be the Promenade on the Peninsula.  This event will take place on the top deck of the parking structure with the entrance off of Indian Peak Road.  There will be non-display parking available on the lower decks.  As before, Cars & Coffee will take place on the first Saturday of the month – next month it will be held on September 7, 2019, from 7:00 a.m. to 9:00 a.m.  A group of car enthusiasts will bring their Hot Rod, Custom, Muscle Car, Sports Car, Antique, and other special interest vehicles, to the parking lot where you can admire the cars, meet the owners and ask them questions. The Promenade on th...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners will be celebrating LA Fleet Week August 30 through September 2, 2019, with the arrival of large navy ships (last year there were five) which will be visiting the Port of Los Angeles.  The list of this year’s visiting ships are not published yet due to security issues, but you can check back one week before the Labor Day weekend to see which ships are coming to town.  This is a great opportunity for Palos Verdes homes owners to tour these active duty ships for a one of a kind visit.  The ship tour tickets will allow admission to one ship only at a specific designated time.  You are limited to registering for six tickets at a time.  The tickets are limited and registration fills up quickly.  All tour guests must be pre-registered for ship tours.  They are not av...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes sales in the Lunada Bay/Margate neighborhood for the first half of 2019 decreased to 27 single family homes sold in 2019 compared to 42 in 2018.  Price per square foot for Lunada Bay/Margate houses that sold in the first half of 2019 decreased to $714 from $724 in 2018, a 1.3% decrease.  Average sales price for Lunada Bay/Margate homes sold in the first half of 2019 increased to $2,493,507 in 2019 compared to $2,140,951 in 2018.  The most expensive Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $6,300,000 and the lowest priced Palos Verdes home sale in the Lunada Bay/Margate neighborhood was $1,375,000. Currently, the Lunada Bay/Margate neighborhood has 39 Palos Verdes homes for sale.  There are 36 single family homes for sale ranging in price from...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 On Sunday, August 25, 2019, from 5:00 to 7:00 p.m., St Luke’s Presbyterian Church will be presenting harpist, Cristina Montes Mateo.  Prior to this popular event, you can come early, picnic on the lawn, and then enjoy a Free Garden Concert.Cristina Montes Mateo, is an international solo harpist from Spain, and is the principal harpist with Placido Domingo and the LAPhil, as well as at the “Les Arts” Opera House.  Cristina is the winner of 6 international awards and a recent winner of the Beverly Hills National Auditions.  In Placido Domingo’s words in 2016, “I have met and heard thousands of musicians, but I can highlight only one of them in the harp world: Cristina Montes Mateo.” Come early and enjoy a picnic and later enjoy dessert and coffee hosted by St. Luke’s Presbyterian Church....
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
 Palos Verdes homes owners are invited to support the annual Portuguese Bend National Horse Show held at Ernie Howlett Park, beginning on Friday, September 6, through Sunday, September 8, 2019. This is the 62nd year that this A-rated event offers three full days of a wide variety of special equestrian events.  Activities will be scheduled in both riding rings including the prestigious Pacific Coast Horse Association Horsemanship Medal Finals for riders 14 and under and the PCHA Victor Hugo Vidal Adult Horsemanship Class for riders 35 and over.  In addition, the $10,000 Harman Family Jr-A/O Jumper Classic and the $15,000 Seahorse Open Jumper Classic promise to challenge some of the West Coast’s finest Jumper riders over a difficult and exciting course.This show is the most popular three ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
In my article two weeks ago, I discussed the overall sales numbers for single family Palos Verdes homes sold in the first half of 2019 with the number of homes sold (with 295 in 2019, from 350 in 2018), an increase in the average sales price (2.7%), and an increase in the average price per square foot (1.5%).  There is still a high demand for Palos Verdes homes and 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 City of Rolling Hills posted the largest gain in average sales price for Palos Verdes homes – $4,475,988 for the first half of 2019 compared to $2,773,456 in the first half of 2018 for a 61% gain, followed by Malaga Cove (21%) and Palos Verdes Driv...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the July 30, 2019 Palos Verdes real estate Broker’s Tour (35 homes had open houses today) are described below.  We currently have 263 single family Palos Verdes homes for sale ranging in price from $969,000 in Rancho Palos Verdes (The low in Eastview is $819,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 47 Palos Verdes condos/townhomes for sale priced between $395,000 and $2,345,000.  My favorite Palos Verdes homes today:     Terri Harkins’ (Vista Sotheby’s International Realty) 8 Masongate Drive, Rolling Hills Estates, 90274 (above left) is a 6 bedroom, 4 bath, 3,973 square foot home for $2,499,000.  This beautifully finished one level Masongate home features a lovely kitchen w/eating area, 2 remodeled baths, master wing w/office,...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
                        The Palos Verdes Golf Club is accepting applications for new membership, as the current wait list time is only between 30 to 60 days.  There is guaranteed priority admission given to Palos Verdes Estate home owners.  If you have ever had an interest in joining Palos Verdes Golf Club, you may want to take advantage of the current short wait list and the great weather and longer golf hours.  The membership fee to join is $49,000 for Palos Verdes Estates owners and non-residents are $69,000.  The monthly charge for Palos Verdes Estate residents is $795, and non-residents are $965.  There is also a small quarterly minimum food/beverage charge of $300.The Palos Verdes Golf Club was built by the renowned design team of William Bell, and architect George Thomas in 1924,...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
  Palos Verdes homes owners know that summer is a great time for your children to try out new sports activities. The Palos Verdes Tennis Club is offering a summer camp program (for girls and boys from 6 to 12 years of age) from August 5th through August 8, 2019.  Your children can join in fun tennis activities while learning to play or just working on improving their sport. The camp focuses on promoting social skills, friendship, coordination, responsibility, exercise and respect for others in a tennis club environment. They will be able to enjoy lessons from a tennis instructor, receive a camp tee shirt, have lunch daily, play games, make a tennis inspired art project, and on the last day play “hit” for prizes.The cost for the camp is $225 for members, and $250 for non-members. For mor...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate single family home sales in the first 25 days of July 2019 are 65 homes which is an increase from the 45 Palos Verdes homes sold in the first 25 days of June and an increase from the first 25 days of July 2018 (45).  (It may take an additional week for some sales to post after the actual close of escrow).  The average sales price for single family Palos Verdes homes from July 1st to date is $1,946,189 which is an increase from last month’s average of $1,908,660 for this same time period and an increase from $1,690,206 last July. In July 2019 to date, the highest priced Palos Verdes home sold for $7,000,000 and is located in Monte Malaga neighborhood of Palos Verdes Estates and has 7 bedrooms, 11 baths and 18,227 square feet on a 63,077 square foot lot.  This ex...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the July 23, 2019 Palos Verdes real estate Broker’s Tour (23 homes had open houses today) are described below.  We currently have 264 single family Palos Verdes homes for sale ranging in price from $969,000 in Rancho Palos Verdes (The low in Eastview is $819,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 39 Palos Verdes condos/townhomes for sale priced between $395,000 and $2,345,000.  My favorite Palos Verdes homes today:     Scott Nollner’s (RE/MAX Estate Properties) 7 Santa Bella Road, Rolling Hills Estates, 90274 (above left) is a 4 bedroom, 3 bath, 3,352 square foot home for $2,799,000. This completely remodeled Palos Verdes Drive North home features an office, 1 bedroom/1 bath guesthouse, paddle tennis court, pool and is zoned...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My dream has come true as we now have a location in Palos Verdes for Afternoon Tea. Wrapsody at the KWC Building (formerly Rive Gauche Restaurant) in Palos Verdes Estates is offering full course Afternoon Tea on most Sundays from 1:00 p.m. to 3:00 p.m.  Reservations are a must as seating is limited on the outside patio. Today, I enjoyed a welcome drink, fresh berries & cream, tea sandwiches (today featured chicken salad, turkey avocado, egg salad, and ham & cheese), scones (blueberry lemon today), assorted petite desserts (today serving shortbread cookie, lemon tart, French cream puff, and godiva chocolate), and a selection of fabulous Tea Forte teas. All this for only $35 per person which is half of what I have paid at other Afternoon Teas.   Wendy at Wrapsody is offering this Sunday ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes real estate prices increased for the first half of 2019 with increases in average price per square foot and average sales price.  The number of Palos Verdes homes sold in the first half of 2019 was lower than the first half of 2018 (295 compared to 350).  2019 first half average sales price for Palos Verdes homes increased compared to the first half of 2018 – $1,885,678 compared to $1,836,663.  Average price per square foot for Palos Verdes homes sold in the first half of 2019 was $662 compared to $652 for the same time period in 2018 – an increase of 1.5%.  Median average price per square foot in the first half of 2019 increased 1.8%.The mix of Palos Verdes homes sales for the first half of 2019 showed less sales in the $1,000,000 to $2,000,000 range, less sales under $1,0...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
Palos Verdes homes owners know that the safety of our community depends on both law enforcement and citizen participation.  Residents are encouraged to participate in the National Night Out program, which is America’s Night Out Against Crime.  This event is held in all 50 states and every U.S. military base.  In Palos Verdes Estates, the event will be held in neighborhoods around the City on Tuesday, August 6, 2019, from 5:30 p.m. to 8:00 p.m.On the Palos Verdes Peninsula, there will be several locations which will host large parties where area groups can gather and neighbors can get to know one another.  Your block captain will be emailing you with the location of your event.  Some of the block parties include cookouts, ice cream socials and other family fun.  One of the many highlight...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
My favorite Palos Verdes Homes on the July 16, 2019 Palos Verdes real estate Broker’s Tour (43 homes had open houses today) are described below.  We currently have 271 single family Palos Verdes homes for sale ranging in price from $989,900 in Rancho Palos Verdes (The low in Eastview is $819,000) to $27,500,000 in the city of Palos Verdes Estates.  There are 37 Palos Verdes condos/townhomes for sale priced between $269,000 and $2,345,000.  My favorite Palos Verdes homes today:     Chris Adlam’s (Vista Sotheby’s Int’l Realty) 2716 Via Elevado, Palos Verdes Estates, 90274 (above left) is a 4 bedroom, 6 bath, 5,152 square foot home for $4,850,000.  This fabulous Malaga Cove home custom built in 2011 features expansive ocean/coastline views, gourmet kitchen, sumptuous master suite, office, ...
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By Elaine Murphy Carlson
(RE/MAX Estates Properties)
During the month of August 2019, the Palos Verdes Peninsula Land Conservancy is offering outdoor hikes/activities for Palos Verdes home owners to enjoy including bird walks, nature walks with naturalists and volunteer opportunities which are listed below. Special Events:  Guided Nature Walk by Palos Verdes Peninsula Land Conservancy will take place at La Rotunda/South Shores on Saturday, August 10, 2019, at 9:00 a.m.  You will walk through impressively restored habitat on top of an ancient slide area with spectacular bluff-top views that are well worth the visit. This is considered a moderate walk.  Park on 25th Street near Catalina Vista and the mobile home park in San Pedro. Sign up at www.pvplc.org. Trail Crew Training with the Palos Verdes Peninsula Land Conservancy will take place ...
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