Palos Verdes Real Estate Snapshot December 2020

By | December 15th, 2020|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Communities, Palos Verdes Homes with view, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Luxury Homes Report, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents|

I don't know about you, but I am ready to wrap up the year 2020 and relegate it to memories past. However, one of the big pluses of this pandemic is the strength of the local Palos Verdes real estate market. The market earned Five Stars from me for sloughing through the past nine pandemic months with strength and vigor. The showings and sales continued without missing a beat. Prices edged higher as demand increased. Buyers and agents donned masks, booties, and hand sanitizers with high hopes and little fanfare as they followed the new rules of buying a house during a pandemic. It was a year in my real estate career that stands apart from anything else I've experienced in my nearly thirty years of selling property in Palos Verdes and the South Bay of Los Angeles. Inventory for single family homes remains low with 113 residences for sale [...]

Palos Verdes Luxury Homes Snapshot December 2020

By | December 10th, 2020|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Housing Report, Palos Verdes Luxury Homes, Palos Verdes Luxury Homes Report, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Selling your Palos Verdes Home, selling your palos verdes luxury home, Seniors Selling Primary Residence, Uncategorized|

I am ready to wrap up the year 2020 and relegate it to memories past. However, one of the big pluses of this pandemic is the strength of the local Palos Verdes real estate market. The market earned Five Stars from me for sloughing through the past nine pandemic months with strength and vigor. The showings and sales continued without missing a beat. Prices edged higher as demand increased. Buyers and agents donned masks, booties, and hand sanitizers with high hopes and little fanfare as they followed the new rules of buying a house during a pandemic. It was a year in my real estate career that stands apart from anything else I've experienced in my nearly thirty years of selling property in Palos Verdes and the South Bay of Los Angeles. How's the luxury market? The typical slowing during the holidays is evident with 51 Palos Verdes luxury homes [...]

Palos Verdes Real Estate Snapshot Nov. 2020

By | November 20th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home, Selling your Rancho Palos Verdes Home, Top Palos Verdes Listing Agents|

What an incredible year this has been so far--just six more weeks until we greet 2021! With a vaccine on the horizon, we may finally turn the long-anticipated corner on the pandemic that played havoc with the economy, and our daily lives. The housing market in Palos Verdes never quivered. Instead, it continued its steady climb to new heights while the supply of homes struggled to keep pace with the demand. My takeaway is home has never been more important or fulfilled so many roles for homeowners. Home offices, homeschooling, home movies, and home-cooked meals increase the emotional and financial value of having a place to call your very own. There are currently 115 single family Palos Verdes homes listed for sale. 99 Palos Verdes residences are in escrow with accepted offers, and 580 single family residences sold year-to-date. Palos Verdes Coastal Homes More Palos Verdes Real Estate Snapshots for [...]

Palos Verdes Homes Snapshot October 2020

By | October 27th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Horse property, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Luxury Homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Selling your Palos Verdes Home, selling your palos verdes luxury home, Selling your Rancho Palos Verdes Home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

There are 123 Palos Verdes single-family homes listed for sale. 121 Palos Verdes single-family residences are in escrow with accepted offers, and 449 houses have sold thus far in 2020. Not too shabby for a year filled with economic uncertainty due to an ongoing pandemic, a contentious presidential election, and a housing market that appears undaunted by it all. Per Zillow, "The typical home value of homes in 90274 is $1,899,089. This value is seasonally adjusted and only includes the middle price tier of homes. 90274 home values have gone up 5.3% over the past year and Zillow predicts they will rise 6.9% in the next year." That's a healthy increase in price during these uncertain times. Likewise, the forecasted increase in 2021 Palos Verdes house prices reflects the strength of the current housing market. Zillow's information for Rancho Palos Verdes (zip code 90275) reflects similar results and future predictions: [...]

Palos Verdes Homes Market Snapshot September 2020

By | October 14th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Estates and Homes, Palos Verdes Homes with view, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home, Selling your Rancho Palos Verdes Home, Seniors Selling Primary Residence|

Chasing Your White Picket Fence Dream in 2020 Keeping up with the local real estate market in Palos Verdes during this pandemic is a stream of never-ending surprises. First, demand increased, then prices went up, not down as expected. New inventory is gobbled up by ever-increasing buyer demand as soon as new listings hit the market. Lastly, multiple offers have returned with a vengeance. What will happen next? Based on recent statistics, we're in for an active autumn as sellers take advantage of the hot market, and buyers seek to purchase a house that meets the ever-changing demands of work and family life during the age of Covid-19. There are currently 126 single-family homes for sale on the Palos Verdes Peninsula. 105 houses are in escrow with accepted offers, and 404 single-family residences have sold thus far in 2020. More Palos Verdes Real Estate Snapshots for September 2020: For more [...]

Palos Verdes Homes Real Estate Snapshot Aug 2020

By | August 5th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Estates and Homes, Palos Verdes Homes with Pools, Palos Verdes Homes with view, Palos Verdes Horse property, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

  The local Palos Verdes real estate market appears to be oblivious to world events (catastrophes, perhaps) as it continues to grow stronger as the summer progresses. Inventory is still shrinking, and demand remains steady. A glance at my Little Yellow Slider shows it edging toward a more robust seller's market as we enter August 2020. There are 133 Palos Verdes single-family homes for sale. 105 PV single-family residences are in escrow with accepted offers, and 297 single-family properties closed escrow thus far in 2020. Last year at this time, there were 271 homes for sale, 91 houses in escrow, and 370 single-family properties sold as of August 2019. The Little Yellow Dot hovered around "3," indicating a weaker seller's market than we are experiencing in the middle of a pandemic. No doubt, the reduced inventory is playing a vital role in the strength of today's local real estate market. [...]

Palos Verdes Real Estate Snapshot for July 2020

By | July 13th, 2020|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Communities, Palos Verdes Gated Estates and Homes, Palos Verdes Homes with view, Palos Verdes Horse property, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Luxury Homes, Palos Verdes Market Snapshot, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home|

If we must live through a pandemic, let it be in Palos Verdes.   Markets are always moving, and the Palos Verdes housing market is not in "wait and see" mode during these unsettling times. Perhaps, homes are our refuge from the uncertainty that awaits outside the door, in our economy, and future. No wonder home sales are continuing at a healthy clip as we learn to live with new challenges daily. My Little Yellow Dot shows the single-family home real estate market in Palos Verdes still favors sellers. There are 148 single-family homes for sale on the entire Palos Verdes Peninsula. There are ninety-three houses in escrow with accepted offers, and 260 single-family residences have sold year to date. Last year at this time, 285 SFR sales were recorded. That performance is not too shabby considering the events that have occurred in 2020 thus far. More Palos [...]

Palos Verdes Real Estate Snapshot May 2020

By | May 7th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Homes with view, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents|

  View this post on Instagram   New Showing Procedures in Place During the Pandemic. It’s not business as usual. #palosverdes #pandemiclife #realestate #showingyourhome #normatoeringbrokerowner A post shared by Norma Toering l Real Estate (@normatoering) on Apr 28, 2020 at 10:17am PDT You're not alone if you are curious about the effect the Coronavirus Pandemic is having on the local real estate market. While history will record the complete story, early opinions project the impact on housing will be less severe than the effect on the stock market. Our homes have become our shelters from the storm raging throughout the world. It's where we feel safe, and that emotional value is impossible to quantify with a dollar amount.  Home is where many of us now work, school our children, and care for those we love. The value of "home" encompasses much more than a structure and the land beneath it. [...]

Palos Verdes Real Estate Snapshot March 2020

By | March 18th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Horse property, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Real Estate Report, Selling your Palos Verdes Home, selling your palos verdes luxury home, Seniors Selling Primary Residence|

Dear Readers, Let me acknowledge the world is experiencing events I never expected to see in my lifetime. The stock market is reeling and reacting to the latest news daily. I'm focused on remaining calm and relying on my common sense as I consider the ramifications the coronavirus will have on the real estate market as well as on my clients. Whatever the effect may be, we can take precautions to lessen the likelihood of spreading the virus. It's not a time for business as usual, but a time to make sure we observe the recommended preventive measures. As always, the financial health of my clients is my top concern, and now I can add your physical safety is of equal importance. On the day I pulled statistics for this month's real estate snapshot, there were 142 single-family homes for sale on the Palos Verdes Peninsula. Eighty-two single-family residences are [...]

Palos Verdes Real Estate Snapshot February 2020

By | February 10th, 2020|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Housing Report, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes most expensive homes, Palos Verdes Ocean Front Homes, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

Palos Verdes homeowners will love February's single-family home market report, as it reflects a continuing seller's market. It's not too late to ride the coattails of this long-lasting seller's market. Low inventory, coupled with steady demand from buyers, delivers a seller's market month after month and year after year. There are 137 Palos Verdes single-family homes listed for sale per the Multiple Listing Service. 67 PV homes are in escrow with accepted offers, and 38 Palos Verdes single-family homes sold during January 2020.   More Palos Verdes Real Estate Snapshots for February 2020:   Selling Palos Verdes Properties Since 1992 Norma Toering, Broker/Owner 310.493.8333 For more information about a particular neighborhood or your property contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com, or simply submit the below form with your question or request. [contact-field label="Name" type="name" required="true" /][contact-field label="Email" type="email" required="true" /][contact-field label="Website" type="url" /][contact-field label="Message" type="textarea" /]