Palos Verdes Real Estate

Real Estate General Info Category

November 2023 Newsletter

In my last letter I briefly discussed the market statistics.  I’m not a big fan of statistics as they can be misleading, but in this case they illustrate a current trend – the market is slowly slowing, which any experienced agent will tell you just by the “feel” of it.  When I wrote my last newsletter 60 days ago there were 112 houses for sale on the Palos Verdes Peninsula with an average time on the market at about 30...Continue Reading!

September 2023 Newsletter

Dear Neighbor: We are definitely seeing signs of the market slowing – “average days on market” is creeping up as is the number of houses for sale in PV:  from a ridiculously low 40 during the peak of the recent frenzy, to 73 as of last March, and 112 houses for sale as of this writing.  While this is still low by historic standards, the trend is hard to miss, with the average days on the market now standing at just...Continue Reading!

First Time For Sale Near Peninsula Center — Sold with multiple offers

5072 Delacroix is a 5 bedroom 2.5 bath 2494 square foot one owner family home in a great location.  You can walk to Soleado Elementary, Peninsula High, Peninsula Center and it is located on a quiet, low traffic street.  Featured are a lovely view, newer forced air unit, newer tankless water heater, and a 200 amp electrical panel.  This was a model home for the original tract and can now be yours for $1,599,000. [ngg src="galleries" ids="123" display="basic_thumbnail" thumbnail_crop="0"]Continue Reading!

July Newsletter

And on it goes.  Demand for homes continues to outstrip supply.  Reasonably-priced houses in Palos Verdes are selling within a week, often with multiple offers.  You pretty much can’t buy a house on the Hill for less than $1.3 million, which generally gets you a 3 bedroom, 2 bath 1400 square foot original 1956-1963 house in RPV without any kind of a view and probably needing work.  I remember when the original Grandview houses were built by Zuckerman in 1956...Continue Reading!