Palos Verdes Horse Property and Homes

Wednesday, November 2, 2011

How's the Palos Verdes Real Estate Market? Let's Let the Statistics Do the Talking

Sellers often ask, "Is anything selling?"
My answer is a resounding, "Yes." Quickly followed by, "Pending sales are up." I know sellers want to see it with their own eyes, not simply hear a real estate sales spiel or rehearsed script.

I offer to send them the MLS statistics to backup my word as a way to build their trust in me and increase my credibility with them.

The monthly market reports I post for each of the seventeen areas on the Palos Verdes Peninsula ensures I keep my finger on the local housing pulse.

Here an update on Palos Verdes housing statistics as we enter the 4th quarter of 2011:
258 Single Family Homes are currently for sale on the Palos Verdes Peninsula.
105 Single Family Homes are currently in escrow on the Palos Verdes Peninsula.
443 Single Family Homes have sold YTD.

Yes, Palos Verdes properties are selling!

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Search for Homes in Palos Verdes California on Toering and Team.

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Norma Toering's Rolling Hills Home Sales Report - Sept. 2011 - Rolling Hills California

Rolling Hills neighborhood real estate and home sales report for the city of Rolling Hills, CA in September 2011.
Norma Toering's Rolling Hills Neighborhood Insider's Tip: Rolling Hills is a gated community at the very top of the Palos Verdes Peninsula. It is home to some of Southern California's best equestrian estates.
Homes for sale: 23 Homes are listed for sale in Rolling Hills in California priced from $1,361,000 to $12,950,000.
Pending sales: 3 Houses are in escrow priced from $1,499,000 to $3,360,000.
September sales: No homes in Rolling Hills sold in Sept. 2011.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Do You Ever Give a House a Second Chance?

I bought the ugliest home in Palos Verdes. At least that's what I told my friends in Florida upon returning from my house hunting adventure in Los Angeles over twenty years ago. They thought I was kidding, but when they saw the photos they nodded in silent agreement.

You can imagine how excited the agent on duty was when I walked into the Palos Verdes real estate office and informed her I was here for four days (two already spent in Malibu, Pacific Palisades and Pasadena) and planned to make an offer before leaving LA. The agent called for backup and requested an hour to set appointments. I returned to her office after a quick lunch and we set off to find a million dollar home.
Sounds easy, but I needed five bedrooms, a big yard for a big dog and easy freeway access. I wanted the best schools, clean air and a safe neighborhood. It was a long list and only a short list of homes made the cut. I looked at all of them day one and fell for none of them. Okay, this was not going to be an emotional decision.

I was faced with a timeless buyer's dilemma--the houses I liked I couldn't afford, and the houses I could afford I did not like. I arrived back at my hotel discouraged, but determined. I scattered all the flyers and brochures on the floor and began imagining my family living in each house. Some were easy to eliminate, others were tough to let go but price dictated the decision. By 2:00 AM there was only one house standing. It was ugly, but the location was good, it had the required number of bedrooms and a big half-acre lot. The pool was a bonus and the price left $100k for a much needed facelift--we spent $200k, but who's counting? The Palos Verdes Peninsula

On day two I returned to the house I could not wait to leave the previous day. It was still ugly, but this time I opened the heavy drapes and saw wonderful views from most of the windows, and they were plentiful so natural light was abundant. The floorplan was good with plenty of space for my four children. I walked the grounds and adored the stone walls and meandering paths. This could work.
Sometimes a house deserves a second chance at being the one.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Los Angeles Coastal Luxury Home Market--Stagnant, Slow or Selling?

No ones denies the housing market is a challenging mix of distressed properties (bank owned and short sales) with stressed out sellers, and a bevy of hesitant buyers with minimal confidence in the market. In times of conflicting, and often confusing data, I've always found the most trusted source to be actual sales. Rarely are these numbers massaged to represent the interest of a person who can gain from an inflated number. Home sales are recorded, and records can be verified. There is comfort in knowing the statistics for actual closed sales.

Los Angeles County has many luxury, high-end housing markets, but this article will focus on the southern coastal cities of Los Angeles County beginning with luxury home sales on the Palos Verdes Peninsula this year.
Luxury Home Sales ($3,000,000 and up) 2011 YTD:
Palos Verdes Estates: 12 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $9,150,000.
Rolling Hills: 8 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $7,250,000.
Rancho Palos Verdes: 6 Single family high-end luxury homes closed escrow priced over $3M with the higest price being $7,425,000.
Rolling Hills Estates: No closed sales meeting the criteria.

The Beach Cities of Redondo, Hermosa and Manhattan are home to many gorgeous coastal homes. Here are the closed sales for high-end luxury homes:
Manhattan Beach: 28 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $4,653,000.
Hermosa Beach: 5 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $12,600,000.
Redondo Beach: No closed sales meeting the criteria.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Thursday, September 8, 2011

Norma Toering's Palos Verdes Drive North Home Sales Report - Aug 2011 - Rolling Hills Estates & PV Peninsula

Palos Verdes Drive North neighborhood real estate and home sales report for Rolling Hills Estates and the Palos Verdes Peninsula, CA in August 2011.

Norma Toering's neighborhood insider tip: Peacocks crossing the road or roosting on a roof is a common sight in the Palos Verdes Dr. North neighborhood. They are beautiful but noisy, and peacock droppings on decks and patios is a common complaint from residents who love the "color" they add to the neighborhood but not what they leave behind...

Homes for sale: 18 Homes are listed for sale priced from $874,500 to $2,999,999.

Pending sales: 12 Houses are in escrow in the PVDN area priced from $699,000 to $3,999,000.

August sales: 4 Homes sold in August 2011:

Address	Sale Price	Bed/Bath	Sq. Feet.	Lot	Year Built	Days Listed
4 Celeste Place	$1,200,000	4/3	2714	16050	1961	54
19 Latigo Lane	$1,285,000	5/3	3316	19880	1977	6
4540 Marloma Drive	$1,350,000	4/3	2800	15280	1950	354
62 Strawberry Lane	$1,500,000	4/3	2420	43530	1953	76

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Find Norma on: Facebook - Twitter - LinkedIn - Email Norma

Palos Verdes Homes Blog - Palos Verdes Houses
Palos Verdes Horse Property - Palos Verdes Realtor Agent
Colorado River CA Land - View Homes Palos Verdes
Palos Verdes Coastal Homes - Rolling Hills Estates Home Search
Photos of Palos Verdes - Palos Verdes Videos
Palos Verdes Luxury Homes - Beach Cities Homes