Palos Verdes Real Estate Snapshots May 2021

By | May 23rd, 2021|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Housing Snapshot, Palos Verdes Market Snapshot, Palos Verdes Ocean Front Homes, Palos Verdes top real estate agents, Rancho Palos Verdes Listing Agent, Seller Tips, 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|

I'll make this report short and sweet, at least for sellers, as the Palos Verdes housing market continues to favor sellers as it has for the past several years. Inventory remains low, and buyer demand is high. Palos Verdes Real Estate Sliders for May 2021: A glance at my Little Yellow Sliders for May 2021 will confirm all PV markets, including the luxury market for homes priced above $3,000,000, reflect strong seller's markets. If you're a seller, your market continues; if you are a buyer, patience may be the ongoing game you must play. I've noticed some homes are remaining on the market a little longer, and a few price reductions are happening as well. These two factors may give buyers more choices and negotiating power as we enter the summer months. Price and presentation are key components for sellers when bringing their property on the market. Selling or buying [...]

The Pandemic Effect on the Palos Verdes Housing Market

By | April 30th, 2021|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Palos Verdes Coastal Homes, Palos Verdes Housing Report, Palos Verdes Housing Snapshot|

Queen's Necklace View from a Palos Verdes Home Some people expected the housing market to come to a grinding halt when the Coronavirus pandemic swept through the nation. I, for one, thought selling or buying a home during a national health crisis would fall to the bottom of most people's 2020 priority list. Instead, the Palos Verdes housing market weathered the health plague with continued strength and tenacity. The seller's market continued. Buyers donned masks, gloves, shoe covers, and hand sanitizing wipes as they forged ahead on their quest to find a house in Palos Verdes. Sellers opened their homes to prospective buyers after taking the necessary precautions to ensure a safe showing. It was a bit bizarre to suit up prior to viewing a property, but it also revealed the importance of finding a new home during a time unlike any other. The showings continued. The already depleted inventory [...]

The Palos Verdes Real Estate Market Is Still White Hot

By | April 30th, 2021|Palos Verdes Coastal Homes|

Palos Verdes home sellers have enjoyed one of the longest-running seller's markets in my memory. On the other hand, it's been a long and frustrating quest for buyers in search of a Palos Verdes home to call their own. Many of my buyer clients have tried many times, only to be outbid by other buyers on the same frustrating house-hunting journey. I recently read in the Wall St. Journal about a property receiving 76 offers. I submitted an offer on a PV property that received more than 20 offers! What's a buyer to do? Wait. I know that's not the advice you expect to hear from a real estate broker, but the market will react to the opening of the economy with a gradual increase in inventory as seller's decide now is the time to catch the wave of a still hot real estate market. Quelled fears and rising interest [...]

Palos Verdes Luxury Homes Snapshot for February 2021

By | February 18th, 2021|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Estates and Homes, Palos Verdes Luxury Homes, Palos Verdes Luxury Homes Report, 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, Top Palos Verdes Listing Agents|

At this time, I'm fairly certain most of us are happy to be alive and surviving life in the times of the coronavirus. The little luxuries of life are appreciated (and noticed) daily, and life on the Palos Verdes Peninsula certainly has its own luxuries both large and small. Little Luxuries of Life The Palos Verdes luxury home inventory experienced a slight increase over last month with 46 PV luxury properties priced at or above $3,000,000 for sale. 12 Palos Verdes single-family luxury homes priced at $3,000,000 and up are in escrow with accepted offers and five luxury residences sold in January 2021. A Palos Verdes Luxury Residence Sold by Charlemagne Intl Properties The Palos Verdes luxury real estate market is now a neutral market favoring neither the seller nor the buyer. If you are in the market to buy or sell a PV property this balanced market works well [...]

Palos Verdes Real Estate Snapshot February 2021

By | February 15th, 2021|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Gated Estates and Homes, Palos Verdes Horse property, Palos Verdes Housing Report, Palos Verdes Market Snapshot, 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, Top Palos Verdes Listing Agents|

Bluff Front Homes in Rancho Palos Verdes, CA The top real estate story for the Palos Verdes area continues to be one of low inventory. At the beginning of this month there were 77 Palos Verdes single-family homes list for sale, and 73 PV single-family homes were in escrow with accepted offers. New inventory is absorbed as soon as it hits the market. The limited supply continues to drive prices higher. A quick glance at my Little Yellow Dot shows the market is a strong one for sellers. The competition for houses is keen and overbids are not unusual. A Rolling Hills property recently sold for more than a million dollars over asking price. If you're thinking of selling or buying real estate and would like some help with the process, call me, and together we will accomplish your real estate goals for 2021. Selling Palos Verdes Properties Since 1992 [...]

Palos Verdes Real Estate Snapshot January 2021

By | January 25th, 2021|Charlemagne Int'l Properties, 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 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, Top Palos Verdes Listing Agents|

Here Comes the Sun! 2020 is now in the history books, and what a long and convoluted chapter it will be! Moving on, the top Palos Verdes real estate story for 2021 is a continuation of depleted inventory. When I pulled the January 2021 real estate statistics there were only 74 single-family homes listed for sale on the Multiple Listing Service. No wonder the competition for single-family homes often results in multiple offers and overbids. With only 74 single-family residences listed for sale and 70 PV homes in escrow, it's easy to see why my Little Yellow Slider reflects a strong seller's market. For more details about real estate happenings in your Palos Verdes neighborhood contact Norma Toering at 310.493.8333 or email Norma@CharlemagneProperties.com and I'll bring you up to date with the most recent sales and listings in your area. Selling Palos Verdes Properties Since 1992 Norma Toering, Broker/Owner DRE [...]

Living the Palos Verdes Luxury Lifestyle

By | January 21st, 2021|Charlemagne Int'l Properties, Featured Articles, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, 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, Rancho Palos Verdes Listing Agent, Selling your Palos Verdes Home, selling your palos verdes luxury home|

Rancho Palos Verdes luxury home with a view The definition of luxury is wide and varied. Certainly, the word takes on new meaning during a pandemic and times of economic uncertainties. Although a price tag is often used to define luxury, some of the best luxuries in life are priceless. I remember when I first moved to the Palos Verdes Peninsula, I was not that impressed with the homes. I left a 1929 character home in Florida and purchase a rather non-descript ranch-style home in Palos Verdes. The architecture was disappointing, but the natural beauty of the area impressed me with its magnificence. The views, the ocean, the open spaces, and the hiking trails were a source of constant pleasure and joy. Those are luxuries without price tags. However, we know coastal living is expensive. A panoramic view is costly, too. Let's look back at 2020 momentarily and review a [...]

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 October 2020

By | October 29th, 2020|Charlemagne Int'l Properties, Los Angeles luxury listing agent, Luxury Homes, Palos Verdes Coastal Homes, Palos Verdes Gated Estates and Homes, 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, Selling your Rancho Palos Verdes Home, Seniors Selling Primary Residence, Top Palos Verdes Listing Agents|

An English Castle Perhaps our homes really are our castles; although most houses do not have a moat and drawbridge, the need for a safe place to rest our heads and soothe our souls has never been more prevalent in my lifetime. It's no surprise the local Palos Verdes real estate market continues to flourish. There are 50 Palos Verdes luxury residences priced at $3,000,000 and up for sale. The Palos Verdes Peninsula has 13 luxury homes in escrow with accepted offers, and 70 luxury homes have sold in PV thus far in 2020. The upward trend in real estate prices on the Palos Verdes Peninsula is clear when we look at recent listings. The entire Palos Verdes housing inventory of single-family homes for sale is 123. Fifty of those PV homes fall into the luxury category due to the list price exceeding $3,000,000. Palos Verdes Estates Luxury Home 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: [...]