Palos Verdes Real Estate

Real Estate General Info Category

November 2024 Newsletter

Dear Neighbor: Real estate prices have flattened out in the past 6 months.  There is never any shortage of explanations for whatever the market does, so I won’t indulge in that here.  There is, however, a shortage of homes for sale, which is supporting the prices.  Interest rates have eased a bit, into the 5’s if you know where to go (I do), but there are a lot of folks who don’t want to give up their current sub-3% mortgage by...Continue Reading!

Just Sold — 5052 Range Horse, Rolling Hills Estates

A completely remodeled one level house on a cul de sac with a basically new ADU.  Panoramic coastline view!  $2,550,000.  I represented the buyer. Continue Reading!

Just Listed in Los Verdes! 28613 Lomo Drive, RPV

This is an original, one owner Los Verdes 4 bedroom 2 bath one level floor plan on a choice corner lot.  There is some updating, but here is an opportunity to acquire an original and make it your own.  Included are a family room off the kitchen, breakfast area, formal dining area, living room with wood-burning fireplace, and newer doors and windows.  There is direct entry into the kitchen from the 2-car garage.  Walk to Hesse Park, shopping, Vista Grande...Continue Reading!

July 2024 Newsletter

Dear Neighbor: I was bombarded with phone calls after my May newsletter, on the subject of Proposition 19 and property re-assessment upon death of a parent.  As the bill was originally passed and implemented, it required that, upon death of the parent, ALL heirs move into the inherited house to avoid a reassessment at market value which, as you can imagine, would trigger a massive increase in property taxes.  Well, it appears that Sacramento was also bombarded with complaints about that...Continue Reading!