A Beautiful Terranea Resort Sunset
As the sun sets on 2024, the Palos Verdes Real Estate Market still favors sellers, but their grasp is weakening. Buyers are surely rejoicing, but Palos Verdes Sellers need not despair. On a scale of 1- 10, with “1” a raging sellers’ market and “10” a buyer’s paradise, the Palos Verdes Peninsula stands at a strong 3.
However, it was a challenging year for PV with land movement and, consequently, falling prices in the affected areas. The lowest price for a Palos Verdes home in 2024 was $800.000 for a home impacted by the landslide. There were five single-family home sales in PV under $1,000,000.
On the other hand, the luxury market enjoyed a robust year, with ten residences selling for more than $8,000,000. The 2024 year-to-date most expensive sale on the Palos Verdes Peninsula was $11,500,000 for a property on Paseo La Cresta in Palos Verdes Estates.
I’m looking forward to helping you with your real estate needs in 2025, and together, we will achieve your goal, whether buying or selling. Welcome, 2025, and let’s begin your real estate adventure together!
Selling Palos Verdes and Los Angeles County Homes Since 1992
Norma Toering
Owner/Broker
Charlemagne Int’l Properties
310.493.8333 text or call for an update on the value of your present property or to set up a free search for the home of your dreams
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The Israeli cabinet will vote on a ceasefire deal in Lebanon on Tuesday, Benjamin Netanyahu’s spokesperson told CNN, after a source familiar with the matter said the Israeli prime minister had approved the plan “in principle.”
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Netanyahu signaled his potential approval for the emerging ceasefire with Hezbollah during a security consultation with Israeli officials Sunday night, the source said.
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Israel still has reservations over some details of the agreement, which were expected to be transmitted to the Lebanese government on Monday, the source said.
Those and other details are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved.
Sources familiar with the negotiations said talks appear to be moving positively toward an agreement, but acknowledged that as Israel and Hezbollah continue to trade fire, one misstep could upend the talks.
Israel’s far-right National Security Minister Itamar Ben Gvir called the deal a “big mistake” and said it would be “a historic missed opportunity to eradicate Hezbollah.” Ben Gvir has also long worked to thwart potential ceasefire deals between Israel and Hamas in Gaza.
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