Tuesday, September 27, 2016

Highest and Lowest Priced Single Family Homes For Sale in Palos Verdes

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Yesterday, while out and about on the Tuesday Tour of new listings I previewed single family homes for sale in Lunada Bay, Malaga Cove, and Palos Verdes Drive South. Those Tuesday Tours always remind me there is a wide variety of homes available for sale.  Just for fun, here is the highest and lowered priced single family homes for sale in each of the four cities located on the Palos Verdes Peninsula.
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Palos Verdes Estates:
Lowest Price:  3428 Palos Verdes Drive North is a new listing in the Valmonte neighborhood of Palos Verdes Estates.  Better hurry at $1,150,000 this is the lowest price of any single family home currently for sale in PVE.
Highest Price:  There are currently three Palos Verdes Estates single family homes for sale priced over $10,000,000 but 705 Via La Cuesta's price tag of $28,000,000 is the highest priced PVE home on the market. The property has been on the market for over 200 days, but it has some amazing perks included in the price. I've toured the property, and very few Palos Verdes luxury homes can compare with the view, the grounds and the house.

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Rancho Palos Verdes:
Lowest Price:  There are ten Rancho Palos Verdes single family homes for sale priced under $1,000,000. 2148 Dorado Drive is a fixer (maybe that should be in all caps) priced at $658,900. I don't know the "back story" on this property, but it appears the interior is in a state of partial remodel.
Highest Price:  3300 Palos Verdes Drive West is currently on the market with an asking price of $9,800,000. The coastal gated estate is approaching 800 days on the market.  I snapped some of my favorite luxury home photos from the windows of this villa.

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Rolling Hills Estates:
Lowest Price:  4716 Rockbluff with a list price of $1,099,950 sports the lowest price for a single family home in Rolling Hills Estates.  The three-bedroom house shows over 100 days on the market.
Highest Price:  22 Hidden Valley Road with an asking price of $3,995,000 is currently the most expensive single family home on the market in RHE. The home has been on the market over 100 days.  The property includes a guest house and a salt water pool. Yes, I've previewed this luxury home as well.

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Rolling Hills:
Highest Price:  1 Buggy Whip is not only the most expensive home listed for sale in Rolling Hills, but it is also the most expensive residence on the Palos Verdes Peninsula.  I spent an hour at the property and am sure there are still areas of the over 50,000 sq. ft. estate I did not see. The property is listed for $48,000,000.
Lowest Price:  23 Chuckwagon offers an opportunity to remodel a classic Rolling Hills ranch-style residence.  Asking price is $2,450,000. I see lots of potential in this one.


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September Luxury Slider


For more information on values and availability of properties on the Palos Verdes Peninsula give me a call.  I stay abreast of the ever-changing real estate market to help my sellers sell at the highest price the market will bear, and my buyers to purchase at the lowest price the market will permit.

Find out the value of your house - Charlemagne Intl Properties 310-493-8333

Monday, September 12, 2016

Palos Verdes Luxury Homes Report--September 2016

PVE Luxury Home
It finally happened. The Palos Verdes luxury home market slipped into buyers' market territory on Charlemagne Int'l Properties' "Little Yellow Dot" market snapshot. August is often a slow month for real estate sales, but this is the largest monthly move our market slider has made in several years. As a reminder, the luxury home market is defined (by me) as those properties priced at or above $3,000,000.

September Luxury Slider

What does this market change mean for Palos Verdes luxury home sellers? If you're one of the fifty-nine homeowners who have your residence currently listed for sale you need to make sure your property stands out as the home to buy.  Tour your home with a critical eye, because that's what prospective buyers will do. Make sure both the exterior and interior are in show condition. There is ample competition in your price range. However, properties will continue to sell, but the pace will slow, and buyers' expectations will rise.
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Palos Verdes luxury home update:
59 Palos Verdes luxury homes are currently for sale.
8 Palos Verdes luxury homes are currently in escrow with accepted offers.
42 Palos Verdes luxury residences have sold year-to-date as of September 3, 2016.