Rolling Hills Homes Market Snapshot Aug 2018

By | August 20th, 2018|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Horse property, Palos Verdes most expensive homes, Palos Verdes top real estate agents, Rolling Hills Horse Property, Rolling Hills Market Report, Seller Tips|

Even the horses have views in Rolling Hills. Rolling Hills has 34 properties for sale, four in escrow with accepted offers, and 12 Rolling Hills residences have sold thus far in 2018. Supply outstrips demand in the Rolling Hills real estate market, and this imbalance indicates a strong buyer's market. However, due to an uptick in the number of homes in escrow, my Little Yellow Dot slider shows the buyer's market is inching toward a neutral market favoring neither the seller nor the buyer as summer draws to a close. Other Palos Verdes real estate market snapshots for August 2018: Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering l Real Estate (@normatoering) on Aug 7, 2018 at 10:33am PDT We have a seasoned seller's market in Palos Verdes, and August 2018 statistics reveal some cooling of local real estate conditions. For more [...]

Palos Verdes Estates Real Estate Snapshot August 2018

By | August 15th, 2018|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Estates Report, Palos Verdes most expensive homes, Palos Verdes top real estate agents|

There are 54 Palos Verdes Estates single-family homes listed for sale per the local Multiple Listing Service. This number has remained in the 50 to 60 range for the past several months. These consistent statistics indicate Palos Verdes Estates homes are being listed and sold at a rate that keeps supply and demand balanced. My "Little Yellow Dot" points to a stable market, but with some cooling and movement toward a neutral market in the Palos Verdes Estates single-family real estate market. 18 Palos Verdes Estates single-family homes are in escrow with accepted offers. 116 Palos Verdes Estates single-family homes have sold thus far in 2018.   Other Palos Verdes single family homes snapshots for August 2018: Need more info about a neighborhood or city in Palos Verdes? Contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com. Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering [...]

Most Expensive Redondo Beach CA Luxury Homes 2018

By | August 13th, 2018|Beach City Luxury Homes, Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes|

I'm checking in on Redondo Beach's luxury home market listings and sales as the summer of 2018 winds down. The most expensive single-family home currently listed for sale in Redondo Beach is on the Esplanade, and that's a cool location to be when the temperatures soar. The 9000+ Sq. Ft. oceanfront residence is listed for $14,200,000. The most expensive sale thus far in 2018 was an oceanfront compound (two houses) that sold for $22,650,000. As expected, the oceanfront properties continue to draw top dollar in the Redondo Beach coastal luxury market. After all, there is a limited supply of oceanfront properties.  

Palos Verdes Luxury Homes Market Snapshot August 2018

By | August 10th, 2018|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Luxury Homes, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Selling your Palos Verdes Home, selling your palos verdes luxury home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

  The luxury home market for homes priced over $3,000,000 on the Palos Verdes Peninsula showed a slight uptick in accepted offers, but the market continues to favor buyers due to the number of luxury homes listed for sale in comparison to the number of homes sold. Supply far outstrips demand in the high-end real estate market on the Palos Verdes Peninsula. However, there are seven Palos Verdes luxury homes priced over $3,000,000 in escrow with accepted offers, but 67 luxury properties are actively for sale. 34 Palos Verdes luxury homes ( $3 mm+) have sold thus far in 2018. The most exciting happening in the Palos Verdes luxury home market in July was a residence in Rolling Hills listed for $40,000,000 went under contract. I'll continue to watch that one for a closed sale price. If the final sale price is anywhere near the asking price it will set a new [...]

Palos Verdes Single Family Homes Snapshot August 2018

By | August 9th, 2018|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Homes with view, Palos Verdes top real estate agents|

  Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering l Real Estate (@normatoering) on Aug 7, 2018 at 10:33am PDT It's been a sizzling summer on the Palos Verdes Peninsula, but the temperature of the local real estate market has cooled as the thermometer headed skyward. April's market slider was 1.8 on my Little Yellow Dot sliding scale; August comes in at 2.7 by the same measurement. This change translates to a slight move toward a balanced market favoring neither the seller nor the buyer. However, we are still in a seller's market albeit a weakening one. The spring market compared to the summer market of 2018:   There are 216 single-family homes for sale on the Palos Verdes Peninsula. This number is a slight increase over last month's inventory. 80 Palos Verdes single family homes are in escrow with accepted offers. 403 Single-family Palos Verdes [...]

Will Millennials Buy Big Boomer Houses?

By | July 30th, 2018|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Seller Tips, Selling your Palos Verdes Home, Seniors Selling Primary Residence|

Palos Verdes Real Estate Snapshot for August 2018. A post shared by Norma Toering l Real Estate (@normatoering) on Aug 7, 2018 at 10:33am PDT Since I make it a habit of following real estate trends, I've been wondering who will buy the baby boomers' big houses when it's time for them to downsize.  I'm sure you've seen trending articles stating Millennials do not want the family china, antiques, and other stuff filling their parents' home. The big question is, will they want to move into the family home, or purchase one of their choosing? Perhaps smaller and closer to the urban center--time will tell. The giant boomer generation owns two out of every five homes in the United States. Let that statistic sink in for a few moments. That's 32 million homes. Here's the article I'm quoting if you would like to delve deeper. Urban living is popular with [...]

Rolling Hills Estates and PVP Real Estate Snapshot July 2018

By | July 16th, 2018|Charlemagne Int'l Properties, Palos Verdes Horse property, Rolling Hills Estates Report, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

There are over 200 homes for sale on the Palos Verdes Peninsula, but only 22 single-family homes are listed for sale in Rolling Hills Estates and the unincorporated neighborhoods on the Palos Verdes Peninsula (Westfield, Academy Hills, etc.) along Palos Verdes Drive North. Nine RHE and PVP residences are in escrow with accepted offers, and 42 single family houses have sold in Rolling Hills Estates and PVP unincorporated areas year-to-date. Due to a small increase in available homes for sale the market has cooled slightly. However, the areas remain in a strong seller's market. Other Palos Verdes real estate market snapshots for July 2018: Note Rolling Hills and the luxury market for homes priced at or above $3,000,000 are now in a strong buyer's market. The higher price point of these homes accounts for the slower absorption of available inventory. Palos Verdes Real Estate Report July 2018 #palosverdes #realestate #charlemagneinternationalproperties #normatoeringrealestatebroker [...]

Rolling Hills CA Real Estate Snapshot July 2018

By | July 15th, 2018|Charlemagne Int'l Properties, Palos Verdes Gated Communities, Palos Verdes Gated Estates and Homes, Palos Verdes Horse property, Rolling Hills Estates Report, Rolling Hills Homes, Rolling Hills Horse Property, Selling your Palos Verdes Home, selling your palos verdes luxury home, Top Palos Verdes Listing Agents|

I showed four Rolling Hills homes last weekend. Yes, it was hot, but my out of the area buyer was in town, and we had to seize the opportunity to view a few homes in the buyer's location of choice. I was delighted to have four houses to show in the buyer's price range. The inventory in Rolling Hills has crept upward during the past several months. There are now 36 Rolling Hills properties listed for sale. At the time I pulled the July statistics only three Rolling Hills residences were in escrow with accepted offers.  12 Rolling Hills homes have sold year-to-date.  My "Little Yellow Dot" slider for Rolling Hills reveals the area is in a strong buyer's market and presents buying opportunities for buyers.  Supply and demand are out of balance. Why? Inventory is up, and absorption remains slow. Prices are up, and buyers are becoming more selective [...]

Rancho Palos Verdes Real Estate Snapshot July 2018

By | July 14th, 2018|Charlemagne Int'l Properties, Palos Verdes Coastal Homes, Rancho Palos Verdes Listing Agent, Rancho Palos Verdes Real Estate Report, Seller Tips, Selling your Palos Verdes Home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

Thinking of selling or buying in 2018? It's not too late to catch the wave! I'm sipping a tall glass of iced sun tea as I write this on a hot and humid Saturday morning. July's heat is more than making up for our cooler than usual June! Does weather affect the Palos Verdes real estate market? Yes, but not nearly as much as in other parts of the U.S. Once in a while I will have a showing cancellation due to extreme heat, but those are rare. Many homes have air conditioning or ocean breezes--sometimes both, making touring houses comfortable except on triple-digit heat days. Rancho Palos Verdes real estate market seems to be tolerating the heat wave just fine. Once again it remains the "hottest" real estate market on the Hill, beating out Palos Verdes Estates by a small margin. There are 100 single family homes [...]

Palos Verdes Estates, CA Real Estate Snapshot July 2018

By | July 13th, 2018|Charlemagne Int'l Properties, Luxury Homes, Palos Verdes Estates Report, Palos Verdes Gated Estates and Homes, Palos Verdes Homes with view, Palos Verdes top real estate agents, Seller Tips|

The market for single-family homes in Palos Verdes Estates remains in a robust seller's market. There are 62 Palos Verdes Estates single family homes for sale. 29 PVE residences are in escrow with accepted offers, and 93 Palos Verdes Estates houses have sold year-to-date. The overall single-family home market on the Palos Verdes Peninsula has slowed slightly due to increased inventory and slowed absorption. In April 2018 MLS records show there were 147 single family homes listed for sale. My July stats reveal we now have 219 active listings for single-family houses on the entire Palos Verdes Peninsula. The market still favors sellers, but due to the increased inventory, buyers have more choices. Likewise, due to the slower absorption rate, buyers have more negotiating power as the market edges toward a neutral and balanced market favoring neither the seller nor the buyer. Due to the higher price point of homes [...]