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Norma Toering Rolling Hills & Palos Verdes Property

Palos Verdes Drive West Real Estate Statistics for September 2008 Rancho Palos Verdes

The west side of the Palos Verdes Peninsula offers wonderful views of the Pacific Ocean and a variety of homes to enjoy the view from!

Here's what happened in the Palos Verdes Drive West neighborhood during September 08:

Active Listings: 16 Homes are currently for sale priced from $1,149,000 to $6,780,000.

Pending Sales: 2 homes are in escrow listed at $1,149,000 and $2,288,000.

September Sales: 3 properties closed escrow priced from $1,340,000 to $2,800,000.

If you would like to buy a seaside cottage or a seaside mansion Palos Verdes Dr. West might be the perfect place to start your search. For more detailed information contact me via email or call 310.493.8333.

What I Learned in Real Estate Today

There are some great buys on residential income properties in this market. In fact, there are often multiple offers, yes I said multiple offers, for the best ones. I have come in second on the last two residential income offers I wrote. Consequently, my buyers and I are still shopping.

Today I saw another property of interest on the MLS, I previewed it, sent the information to a client and did some research on REAP in Los Angeles. Rent control applies to this property and all LA City residential income buildings built before 1978. However, the listing stated, "In REAP." I had to look that one up! Here's the link that explains REAP in LA!

http://www.caltenantlaw.com/LARSO.htm

Rancho Palos Verdes - Palos Verdes Dr. South Market Update for September 08

Palos Verdes Drive South offers some incredible views, and the Palos Verdes Dr. South neighborhood of Rancho Palos Verdes offers a variety of homes with breathtaking views.

Here's the September 08 real estate market report for Palos Verdes Dr. South:

Active Listings: 16 homes are currently on the market priced from $999,900 to $6,900,000.

Pending Sales: 2 homes are currently in escrow priced at $1,639,000 and $1,650,000.

September Sales: 2 properties closed escrow priced at $850,000 and $977,000.

Rancho Palos Verdes Mira Catalina Neighborhood September 08 Real Estate Update

The Rancho Palos Verdes Neighborhood of Mira Catalina was relatively quiet during September from a real estate viewpoint.

Active Listings: 13 homes are currently for sale priced from $995,000 to $3,399,000.

Pending Sales: 1 property is currently in escrow listed for $1,295,000.

September 08 Sales:The MLS shows no homes were sold during September.

There are some fabulous view homes on the market in the Mira Catalina area. Check out this view from a home currently listed in the area.

If you would like to know what your Mira Catalina home is worth in today's market I will provide a FREE market analysis for you. Make the call and find out what your home is worth, and what you can do to make it worth even more! 310.493.8333

Rancho Palos Verdes, Palos Verdes Dr. East September 08 Real Estate Update

September was a brutal month for most markets, but the Palos Verdes Drive East neighborhood of Rancho Palos Verdes was buzzing with real estate activity.

Palos Verdes Dr. East September 2008 Real Estate Update:

Active Listings: 29 homes are currently for sale ranging in price from $859,000 to $3,400,000.

Pending Sales: 8 properties are currently in escrow priced from $825,000 to $2,200,000.

Closed Sales: 3 properties closed escrow priced from $690,000 to $1,250,000.

The Palos Verdes Dr. East area is home to Miraleste Intermediate School, the Miraleste Library, Miraleste Plaza and some incredible Los Angeles Harbor view homes. Check out this view photo from a property located in Miraleste Hills.