Thursday, November 9, 2017

Palos Verdes Luxury High End Homes Market Report Oct. 2017





The Palos Verdes luxury home market gained strength during August and September. This move toward a neutral market can be attributed to a few homes going off the market and a slight uptick in sales.





There are currently 53 single family luxury homes priced over $3,000,000 for sale on the Palos Verdes Peninsula. Nine Palos Verdes luxury homes are in escrow with accepted offers. 38 Palos Verdes luxury homes have sold Y-T-D in 2017.



Need help with selling or buying a home in Palos Verdes? I'm here to help, call me at 310.493.8333.

Thursday, September 7, 2017

Palos Verdes Luxury Homes Market Report for September 2017





It was exactly one year ago when my market indicator (The Little Yellow Dot) signaled a shift in the luxury home market on the Palos Verdes Peninsula. The Little Yellow Dot edged closer to a buyers' market after many months of indicating a neutral market for luxury properties. September 2017 statistics for luxury residences priced over $3MM reveal the high-end home market is still locked in a buyers' market. During August 2017 The Little Yellow Dot moved slightly away from a hot buyers' market, due to a few more sales and some properties were taken off the market reducing the number of luxury homes currently for sale.





There are currently 59 Palos Verdes luxury residences priced over $3MM for sale. Six luxury properties are in escrow with accepted offers, and 37 Palos Verdes luxury homes have sold year-to-date in 2017.



For more information regarding buying or selling a Palos Verdes luxury residence contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.

Saturday, August 19, 2017

Palos Verdes Luxury Homes Market Report August 2017






The South Bay of Los Angeles is in the middle of a hot and muggy spell, but the same cannot be said for the local luxury home market on the Palos Verdes Peninsula. The dog days of summer find the luxury home market in a cooling trend and heavily favoring buyers.

With 65 Palos Verdes luxury homes for sale priced at or above $3,000,000 and only seven sales in July, it is easy to understand why sellers must invest more time in preparing their home to meet the challenges of a slowing luxury market. On the other hand, buyers now have more choices and negotiating power since the market tipped in their favor.


There are currently five Palos Verdes Luxury homes in escrow and 33 luxury homes ($3MM+) on the Palos Verdes Peninsula sold thus far in 2017.




The number of foreign national buyers is predicted to decline in the coming months putting more pressure on luxury homes sales in the upscale coastal areas of the South Bay of Los Angeles.

What can a seller do to increase the chances of an acceptable offer in a slowing market? Price, condition and of course, location all play a significant role in attracting qualified buyers. If this "trifecta of real estate" offers outstanding value to prospective buyers the property will sell no matter what the overall market is signaling.




For more information about buying or selling a Palos Verdes luxury home contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com.

Monday, July 10, 2017

Palos Verdes Luxury Homes Market Report July 2017








I hope everyone enjoyed the 4th of July holiday.

We have reached the midway point of 2017 and although the single family home real estate market in Palos Verdes remains a strong sellers' market, the luxury home market experienced a cooling trend during the second quarter of 2017. The luxury market of homes priced at $3,000,000 and up slide into a strong buyers' market.





At the time of this writing, there are 70 Palos Verdes luxury homes for sale. The number of luxury homes in escrow with accepted offers dipped to six. 27 Palos Verdes luxury homes sold during the first half of 2017.






What does this mean for sellers of luxury properties in Palos Verdes? Expect it to take longer to sell your home and make sure it is ready to enter the competitive luxury home market. Invest in preparing the property for sale and presenting it to the buying public in its best light. Staging is essential as is appropriate pricing; both will shorten time on the market.


For more information about the Palos Verdes luxury home market contact Norma Toering at 310.493.8333 or Norma@CharlemagneProperties.com

Tuesday, June 20, 2017

Palos Verdes Luxury Homes Market Report June 2017




The Palos Verdes luxury homes real estate statistics show it is moving toward a market favoring buyers.  For sellers, this means your luxury residence will face stiffer competition and must stand head and shoulders above the crowded Palos Verdes luxury home real estate market.





Palos Verdes luxury homes will continue to sell, but those offering the best value will be skimmed off the top of the rather long list of  65 luxury homes for sale, so make sure your home is perceived as crème de la crème.  The price should reflect the location, condition, view and perhaps even the seller's motivation level.  Today's buyers are savvy and informed. Yes, they want a new home, but they also want outstanding value.

There are currently nine Palos Verdes luxury homes in escrow with accepted offers.  21 Palos Verdes luxury homes priced over $3,000,000 sold year-to-date.  It's easy to see at the absorption rate of 4-5 luxury sales per month the current inventory of 65 luxury homes for sale will last for just over a year.  Armed with this knowledge, luxury home sellers must make sure their property garners the attention and offers of prospective luxury home buyers on the Palos Verdes Peninsula.


Palos Verdes Estates luxury home sold by Charlemagne Int'l Properties June 2017 for $3,150,000.




New listing in Rancho Palos Verdes represented by Charlemagne Int'l Properties:

Contact Norma at 310.493.8333 or Norma@CharlemagneProperties to arrange a tour of the 2016 Russ Barto remodel offered at $2,695,000.


Friday, June 16, 2017

Palos Verdes Luxury Home Market May 2017



New Construction Luxury Homes in Rancho Palos Verdes, CA
One of my clients has a Palos Verdes luxury home in escrow.  He is one of the fortunate, as there are 66 Palos Verdes luxury homes currently for sale.  Eleven Palos Verdes high-end homes are in escrow with accepted offers, and 15 Palos Verdes homes priced over $3MM have sold year-to-date on the Palos Verdes Peninsula.


The Palos Verdes luxury home market remains in a neutral market favoring neither the seller nor the buyer.

Gated Luxury View Bluff-Front Residence Currently For Sale in Palos Verdes Estates.

The breakdown of 2017 Palos Verdes luxury home sales as of May 2017 by the city:
Palos Verdes Estates:  12
Rolling Hills:  2
Rancho Palos Verdes: 1
Rolling Hills Estates and the unincorporated areas of the Palos Verdes Peninsula:  0


2017 appears to be Palos Verdes Estates' year to dominate luxury sales on the Palos Verdes Peninsula.  Since the median price of a single-family home in PVE is approaching $2MM, it's not unexpected to see many homes selling above the $3MM price range.




Questions about selling or buying a Palos Verdes luxury home?  Call me, and I'll be happy to answer your questions or assist you in finding the person who can.

Lower Lunada Bay Luxury Home Represented by Norma Toering of Charlemagne Int'l Properties.

Thursday, April 13, 2017

Selling or Buying a Palos Verdes Property?

Luxury Home Sold by Charlemagne International Properties

I have a 'clients first' policy.  It's not always well received by my business partner or my inner social circle, but unless I have an appointment or engagement that must be honored, I keep my schedule flexible to accommodate my clients' needs.  Perhaps this is because before I was a real estate agent in Palos Verdes, I was a globe-trotting, house-buying corporate gypsy.

Yes, I arrived in the new city we would soon call home, usually on a very tight schedule, and began the house-hunting mission.  I did not want to live in temporary housing unless necessary.   My time was limited, and I needed an agent ready to meet my schedule.  I was anxious to identify a house we could call home, make an offer and start the buying process.  There was no time for agents who did not understand the urgency and importance of my mission.

Lunada Bay Luxury Home Listed by Charlemagne Int'l Properties

It goes without saying my clients must trust I know the local market and have their best interest as my highest priority.  As a former teacher and someone who enjoyed being a student (yes, I liked homework) I believe one of the best things I can do for prospective and current clients is to know the market.  My websites share this market knowledge each month for neighborhoods in Palos Verdes.  This in-depth research enables me to keep my finger on the pulse of each community and thereby permits you to check sales, pending sales and current listings in the areas of your choice.

Ongoing education is crucial to staying abreast of new technology, laws, and trends in the real estate industry.  My goal is to continue to improve my services to serve my clients better.  I work toward that goal every day.


My "Little Yellow Dot" market indicator is well-known (and respected) by agents and clients. It lets you know the market temperature within seconds. I study the local real estate stats, so you don't have to spend time mulling over Palos Verdes property sales and listings.  I knew that college statistic class would come in handy some day.

If you have questions about the value of your house, it's great to check some of the online real estate sites for an estimation of value.  However, if you are serious about selling and pricing your property at the actual market value, it's best to consult with a local real estate expert. A local agent/broker will add value whether you are selling or buying a Palos Verdes home.
Selling Palos Verdes Property Since 1992 and a Forbes Magazine Contributor

Norma Toering, broker/owner of Charlemagne Int'l Properties.  Reach out to me with your questions at 310.493.8333 or Norma@CharlemagneProperties.com