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Palos Verdes Peninsula, CA

Palos verdes real estate update

Rachel Tyndall: Real Estate Agent in Palos Verdes Peninsula, CA

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Palos Verdes Market Statistics

Rachel Tyndall: Real Estate Agent in Palos Verdes Peninsula, CA

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Hi,

Today is Tuesday February 9th, 2010. Here is what is going on in the Palos Verdes Real Estate world:

  • Only 182 homes for sale on the entire Peninsula (this is very low) down from 359 this time last year
  • We are now carrying 3.4 months of inventory whereas this time last year we had 10.8 months of inventory
  • The average sold price for January of 09 was $1,897,000 for January of 2010 it is $2,2261,000
  • The days on market year to date has gone from 87 days to now 91 days on average before a home sells
  • The sold price per square foot in January of 2009 was $900 per sq.ft now it is $1,096

1 month 1 year 15 months
Dec 09 Jan 10 % Change Jan 09 Jan 10 % Change Nov 08 Jan 10 % Change
For Sale 234 241 3% 345 241 -30.1% 396 241 -39.1%
Sold 52 41 -21.2% 28 41 46.4% 29 41 41.4%
Pended 43 70 62.8% 32 70 118.8% 27 70 159.3%

for more information please contact Rtyndall@remaxpv.com

www.thepvrealtor.com

*please note all information is deemed reliable but not guaranteed

Palos Verdes Regional Symphony at James Armstrong Theatre

Beth Lester Real Estate Staging & ReDesign: Home Stager in Torrance, CA

Enjoy an evening of wonderful orchestral music from the Palos Verdes Regional Symphony Orchestra.

Friday March 5, 2010

James Armstrong Theatre

Torrance, California

$10 each

Contact Jennifer Alvardo at pvrso10@gmail.com

Tickets are selling fast.

Beth Lester

Home Staging Designs of California

(310) 809-7467

Serving LA's South Bay

Home Staging Designs of California works with home sellers and listing agents to prepare homes for sale - full-service vacant home staging, occupied real estate staging and Redesigns available.

For more formation about our Torrance and Palos Verdes home staging services, contact certified professional home stager Beth Lester at 310-809-7467 or Beth@homestagingdesignsca.com.

View our photo gallery of South Bay Home Staging here. Click for more information about home staging in Torrance, Palos Verdes Peninsula, Redondo Beach, Lomita and San Pedro here.

Palos Verdes Kindergarten Registration

Elaine  Carlson: Real Estate Agent in Palos Verdes Peninsula, CA

It is that time of year again for 2010 Kindergarten Registration for owners of Palos Verdes homes(and/or tenants) who have children entering Kindergarten in the Fall. This year Kindergarten Orientation will be held on Monday, February 1, 1010, at Vista Grande Elementary School and Tuesday, February 2, 2010, at Dapplegray Elementary School. Both meetings will begin at 7:00 p.m.

This is an important event if you have Kindgergarten age children because some Palos Verdes elementary schools are impacted. If you want to be assured that your child will go to their neighborhood school, then Kindergarten is the best time to do so. If you move into Palos Verdes after this point, the Palos Verdes Unified Schoold District officials try to place your child in their neighborhood elementary school but as some schools are impacted, new students are redirected to elementary schools where there is room for additional students.

New Kindergarten students for the 2010/2011 school year must be 5 years of age on or before December 2, 2010. Proof of residency is also required. Registration packets will be available at each elementary school on February 17th and should be returned to that school by March 5th. Each of the ten elementary schools will also be holding individual parent meetings and the schedule can be accessed by clicking here.

Photo courtesy of PVUSD

Palos Verdes Drive Area Home Sales in 2009

02-04-10
Tony Cordi
Tony Cordi: Real Estate Brokerage in Hermosa Beach, CA

Palos Verdes Drive Area Home Sales in 2009

There are more than a dozen sub-areas on the Palos Verdes peninsula and a handful of towns and cities. The Palos Verdes Drive North area straddles Rolling Hills Estates and the town of Palos Verdes Peninsula. The number of single family homes sold here last year increased by close to 30 percent from 2008. However, with a total of 43 home sales, the area remains well below the peak year of 2000 for total sales. Though this recent increase in sales is certainly good news, the median sales price continued its slide last year as home values dropped an additional 15 percent. Interestingly there were no homes sold here for over $2,000,000 last year. In 2008, even though there were fewer overall sales, there were five homes sold above this threshold.

PV Drive North home

The number of sales looks to continue its climb. There have already been six closings this past month and there are 11 homes in escrow. Of the homes still in escrow, four started the process last year. The median price of the closed sales exceeds the 2009 number, but there are far too few data points to draw any real conclusions from this.

In the last few years, there has only been one sale of a newly built home. In fact, less than five percent of all homes sold here since the beginning of 2005 were built after 2000. This is part of the reason that the home values have not risen here as rapidly as nearby cities over the past decade, but they have done very well, nonetheless. Back in 2000, the median sales price was $720,000 and last year it was over $1,120,000, which just happens to be the lowest value it has had since 2003. Current pricing here, like many areas in the South Bay, appears to be consistent with late 2004 prices.

Visit us at Beachtime Realty

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