Tuesday, November 8, 2016
Monday, November 7, 2016
Oops, it happened again. The number of available Palos Verdes single-family homes for sale dropped below 200. The shrinking supply pushed the market toward an even stronger sellers' market. Similar market trends apply to the Beach Cities real estate market as well. Low inventory has become our new normal. At the current rate of absorption, Palos Verdes has less than two months of available inventory and the Beach Cities has just over six weeks, yes weeks, unless new listings are added.
Palos Verdes Real Estate Market Report for Single-Family Homes:
187 Palos Verdes single family homes are for sale.
102 Single-family properties are under contract with accepted offers.
584 Palos Verdes single-family residences closed escrow YTD.
Monday, October 3, 2016
Tuesday, September 27, 2016
The City Managers of the four Palos Verdes Peninsula cities each took a turn at the microphone to update local real estate professionals about changes and improvements happening in their town.
Here are few worthy mentions from my notes:
Rolling Hills: Building permits are on the rise. Each new home must set aside a minimum of 1,000
Each new home must set aside a minimum of 1,000 sq. ft. for a stable. If you add one
If you add one square inch to the residence must put utilities underground (to the street, I believe).
Approximately 95% of Rolling Hills homes are on septic systems.
More patrols added to reduce burglaries and adding three cameras. The entire PVP will have 25 security cameras installed at various points throughout Palos Verdes.
There is a View/Trees ordinance. Check with City.
Rolling Hills Estates: The City continues to offer a site check during the escrow period and will check for violations such as unpermitted living space or structures, etc.
Coyotes are an issue.
The Brickwalk landside area is not suitable for future building.
Several new condo developments and senior care facilities are being built, and more are under consideration. The new homes at the Rolling Hills Country Club is the largest development currently underway in RHE with 114 new homes to be constructed beginning late 2016.
The reservoir at PVDN and PVDE is being refurbished/improved and will be filled upon completion.
Palos Verdes Estates: The City is creating a parks fund.
Upgrades are planned for Lunada Bay and Malaga Cove Plazas.
The fire department is paid for by parcel tax on homeowners.
20 new cell phone sites planned for better phone service
Real estate signs must be ten feet from the curb or will be removed.
Rancho Palos Verdes:
The new security cameras have resulted in four arrests.
More cameras planned for Western Avenue area.
RPV has two new deputies serving the area.
Hawthorne Blvd. beautification ongoing.
Check out the website for good neighborhood information.
Buyers are encouraged to visit City Planning Dept. before purchasing.
RPV is tracking coyotes and peafowl to control the wildlife issues in the area better.
It was an important meeting; the breakfast was delicious, and I won the door prize!
Monday, September 12, 2016
Based on MLS records, there are 29 Palos Verdes properties zoned for horses currently for sale. Sixteen of those horse-friendly properties are located in Rolling Hills. Seven horse properties are currently for sale in Rolling Hills Estates, and Rancho Palos Verdes has six equestrian properties list for sale.
Although these properties are zoned for horses, they vary immensely in size, lot terrain, proximity to riding trails and horse facilities, such as barns, riding rings, etc. Some are zoned for horses but are unimproved meaning there are no current horse facilities on site. Perhaps the stable is now a guest house or the riding ring a swimming pool. The zoning indicated what is permitted not necessarily what exists on the land.
With 225 Palos Verdes single-family residences for sale and a mere 29 zoned for equestrian use, it is easy to understand why when a premiere property comes on the market, it is often sold within a few days.
If you would like to follow listings and sales of Palos Verdes horse property, I can help you. Contact me with your specific requirements and I'll make sure you receive notification of equestrian properties meeting your specifications.
For more information about Palos Verdes horse property contact Norma@CharlemagneProperties.com or call me at 310.493.8333.
Monday, August 15, 2016
If you're searching for horse property in Palos Verdes you need to know where to look, since most properties in Palos Verdes are not zoned for horses. My easy rule of thumb is if your price range is $2,000,000 and up Rolling Hills may be the best investment for the money. On the other hand, if your budget is somewhere between one and two million dollars, Rolling Hills Estates and some areas of Rancho Palos Verdes offer you the option of purchasing a home in a horse-friendly neighborhood. If you desire to purchase a horse property priced under $1,000,000 then be prepared to wait for that fixer, and if it's truly a good property for horses, be prepared for multiple offers as those properties only hit the market once in a blue moon. :)
A property approved for horses refers to the zoning and may be improved (with stable, barn, etc) or unimproved. The terrain may be flat or steep, the trail may be adjacent or you may need to walk your horse out. Needless to say, all horse properties are not created equal. I recently walked a property to see first-hand the horse facilities and the access to the nearest riding trail. I often say horse people care more about the condition and location of the stable than they do about their living quarters.
Palos Verdes Homes Currently for Sale Designated on the Multiple Listing Service as Horse Property:
Rolling Hills: 17 Rolling Hills residences zoned for horses are currently for sale.
Rolling Hills Estates: There are 7 equestrian properties for sale in Rolling Hills Estates.
Rancho Palos Verdes: 7 horse properties are currently for sale in Rancho Palos Verdes primarily in the Palos Verdes Dr. South and East neighborhoods.
Palos Verdes Peninsula: This is the unincorporated area of the Palos Verdes Peninsula and per MLS records there are no properties zoned for horses currently for sale
Monday, July 18, 2016
There may not be as many horses roaming the hills of the Palos Verdes Peninsula as there used to be, but equine sightings are still a common occurrence when one is out and about in Rolling Hills and Rolling Hills Estates.
Although Palos Verdes Estates does have a lovely stable in the Valmonte neighborhood, private residences are not zoned for horses, but it is not uncommon to see a group riding the trails along Palos Verdes Drive North. Rancho Palos Verdes has some equine friendly neighborhoods especially in the Palos Verdes Drive East area, and I'm happy to say some of the trails are being improved. However, the south side of Rancho Palos Verdes is noted for the gorgeous Portuguese Bend Riding Club, and it's a lucky horse who get to call the Old Spanish style stable with ample riding rings its home.
The price of Palos Verdes Property ranges from just over $1,000,000 for an entry level residence with equestrian zoning to well over $10,000,000 and up when you enter the gates of Rolling Hills.
If you'd like some help in discovering the horse property with the amenities and location right for you and your horse, Contact Norma Toering at Norma@CharlemagneProperties.com or call 310.493.8333. Whether you're buying or selling Palos Verdes horse property is a unique niche of the local real estate market, and the best buys are not always easy to find on the general real estate websites.