About Palos Verdes Estates' Malaga Cove

Malaga Cove neighborhood real estate and home sales report for Palos Verdes Estates, CA in January 2012.

Homes for sale: 10 Homes are available for sale in Malaga Cove priced from $1,200,000 to $3,750,000.

Pending sales: 3 Houses are in escrow priced from $925,000 to $949,000.

January sales: 3 Homes sold in Jan. 2012:

Address	Sale Price	Bed/Bath	Sq. Feet.	Lot	Year Built	Days Listed
2001 Paseo Del Sol	$1,600,000	5/4	3620	12513	1957	98
581 Via Del Monte	$2,600,000	4/4	3337	11500	1937	26
2005 Paseo Del Sol	$2,950,000	4/5	5129	14150	2000	170

Interest rates inched up this week from record lows. The following are some excerpts from this week's newsletter on interest rates from HSH Associates :

"Low and stable mortgage rates and a modestly improving economy are starting to produce positive effects on the nation's housing market. While starting from extraordinarily low levels, and though improvement are still of course tenuous, there have been accumulating signs of improvement for months. If the economy can continue to nudge forward for a while longer without some new or already-known catastrophe to derail it, we just might have ourselves a housing market worth talking about when Spring rolls around.

Yields on 10-year Treasuries finished last week on a downward note, and rates were at record lows again through into Wednesday morning. However, the reverse is true this week, with Treasuries ending on a high note, and nudging rates off record lows. While some of this increase in underlying costs will probably be absorbed into still-wide spreads, a bit of it may make its way into rates next week, which would mean a further slight move away from record low levels. No real movement, but probably a couple of basis points upward is to be expected, based on where we are at the moment."

The following are interest rate quotes from Al Hermann of American California 'finaniao

30 Yr Fixed FHA
Rate	APR
3.750	4.437	Details

Conforming 30 Yr Fixed up to $417000
Rate	APR
3.875	4.021	Details

Conforming Jumbo 30 Yr Fixed $417001 - $625500
Rate	APR
4.250	4.392	Details

Jumbo 30 Yr. to $1.5 Mil
Rate	APR
4.750	4.886	Details

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)
Rate	APR
3.375	3.489	Details

The following are interest rate quotes from Jan Schott Bank of America, Home Loans jan.schott@bankofamerica.com 310-802-2300 :

Conforming Loans to $417,000

5 Yr Fixed: 2.625% @ 1.000/pts 3.000% @ 0/pts

30 Yr Fixed: 4.000% @ 1.000/pts 4.375% @ 0/pts

Conforming High Balance to $625,500

5 Yr Fixed: 2.875% @ 1.000/pts 3.375% @ 0/pts*

30 Yr Fixed: 4.125% @ 1.000/pts 4.500% @ 0/pts

Non-Conforming Loans to $2,000,000

5 Yr Fixed: 2.750% @ 1.000/pts 3.000% @ 0/pts

30 Yr Fixed: 4.000% @ 1.000/pts 4.375% @ 0/pts

FHA Fixed Loans to $729,750

30 Yr Fixed: 4.000% @ 1.000/pts 4.250% @ 0/pts

Rates based on a Single Family Residence Purchase with 20% down, FICO score of 740 or greater, 30/day pricing. FHA is based on Single Family Residence Purchase with 3.5% down payment, FICO score minimum of 620 and 30/day pricing. Points are for Rate only. Closing Costs apply. Rates not guaranteed and subject to change daily. Please contact me for more information on Condo, Multifamily Units and Refinancing at 310-802-2300.

The Malaga Cove area of Palos Verdes Estates ( area 163 in map below )had the following real estate activity for single family residences during the 4th Quarter of 2011:

Properties Sold: 5 ( The same number as last quarter )

Address Sales Price BR BA Sq.ft. $/Sq.ft Year Built MLS # Date of Sale Days on Market

2615 Pinale LN $1,170,000 5 6.00 3,905 $299.62 1959 V11048928 11/03/11 159

768 Via Del Monte $1,200,000 5 5.00 4,182 $286.94 1978 V11087576 12/08/11 108

505 Via Media $1,300,000 3 2.00 2,029 $640.71 1953 V11061370 11/04/11 99

512 Via Almar $1,590,000 4 3.00 3,092 $514.23 1971 V11126093 12/20/11 86

1640 Via Arriba $1,785,000 4 3.00 3,058 $583.71 1973 V11126434 12/02/11 29

Average Sales Price of homes sold during 4th quarter: $1.4 million

Number of Properties Listed for sale as of 12/31/2011 : 8

Average List Price at 12/31/2011: $2.1 million

Average Price per Sq. Ft. for Properties Sold during 4th Qtr: $ 465 per sq. ft.

Properties sold at an average of 90% of List Price

You do not have to be a member of the Palos Verdes Beach and Athletic Club to use it:
Resident, non-members may use the club for a day pass rate of $30 per person per day. Non-residents may also use the club for a day pass of $45 per person per day. These day passes may not be used on Memorial Day, July 4th, or Labor Day, and no guests are allowed on those days. Guests of members are $10 per person, seven days a week from 6/15 through Labor Day. Guest fees other times of the year are $7 per person.

Palos Verdes Beach & Athletic Club

Hillside Jacuzzi, bar-b-ques and snack shop

For more information on PV Sports, Recreation
And Parks please visit my website http://www.maureenmegowan.com

Malaga Cove neighborhood real estate and home sales report for Palos Verdes Estates, CA in December 2011.

Home for sale: 9 Homes are listed for sale priced from $999,000 to $3,750,000.

Pending sales: 4 Homes are in escrow in Malaga Cove priced from $1,610,000 to $3,100,000.

December sales: 3 Houses sold in Dec. 2011:

Address	Sale Price	Bed/Bath	Sq. Feet.	Lot	Year Built	Days Listed
768 Via Del Monte	$1,200,000	5/5	4182	10830	1978	108
512 Via Almar	$1,590,000	4/3	3092	7436	1971	86
1640 Via Arriba	$1,785,000	4/3	3058	8065	1973	29