Palos Verdes Luxury Homes

Relocating to California? Come Closer for a Hot Tip

2011-11-02T11:38:00.001-07:00

California is a large state both in size and population. Our urban cities of San Francisco, Los Angeles and San Diego are world renown. The area is blessed with some of the most stunning natural beauty the world has to offer. We claim the majority of the coastline along the Pacific Ocean on the west coast. We have stunning mountains, mesmerizing deserts, rivers, lakes and parks. Yes, California is larger than many countries.

Relocating to California can be a daunting experience. Over twenty years ago when I received the news we were relocating to Los Angeles I was less than thrilled. My experience with Los Angeles consisted of one smog-filled summer trip during the mid 1970s, and frankly I did not care if I never saw Los Angeles again. I should explain, my arrival coincided with those hot Santa Ana winds that feel like a blast from a furnace and also usher in soupy, smog filled skies. It only happens once or twice a year and lasts for a few days before the wind reverses and the coastal breezes return once again. For me, Los Angeles failed miserably when it comes to that first chance to make a good impression.

What a difference a decade or two can make! The second time around I knew I needed to live near the coast for cleaner air, and with the addition of four children, I needed top rated schools. After looking in several areas and having more than one agent point me in the direction of Palos Verdes, I ventured onto the Palos Verdes Peninsula and am still here. What a find! It's not the LA you know from Hollywood movies or the Beverly Hills Housewives. It's quiet here. If you're seeking the limelight or the bright lights this is not the place for you.

On the other hand, if you want to enjoy the gift of living close to the sea in a California coastal community with one of the top-rated school systems in the State, then perhaps you should investigate the Palos Verdes Lifestyle the residents of the Palos Verdes Peninsula enjoy. Once here, I'm guessing there will be no regrets.

I'd love to be your guide. I'm a convert, not a native with no experience living in other parts of the USA. I've lived in the Midwest, New England, Mid-Atlantic and the South. I've traveled the world and I still smile when I arrive home to my serene little pocket of Los Angeles--the Palos Verdes Peninsula.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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What Luxury Home Buyers Want

2011-11-02T11:19:00.001-07:00

Yesterday one of the most expensive homes currently on the market on the Palos Verdes Peninsula popped up on the MLS hotsheet in "Pending" status. I immediately picked up the phone to call my friend, and the listing agent, to congratulate her. That's what friends are for, right? Okay, I also wanted to get the inside scoop on the sale, or at least as much as she was ready and willing to share.
Why does a luxury home buyer choose one particular home over another? What exactly creates the tipping point?
1) In Palos Verdes the reason is likely to be the view. In this case, the view is panoramic Pacific Ocean with a gorgeous Catalina Island and coastline view.
2) Location is always a key player. Besides being on the prestigious Palos Verdes Peninsula and sited on a highly desirable lot in a high-end development, it's close to the Port of Los Angeles and business ties of the buyer. Location counts in more ways than one, and proximity to work, freeway access and airports can seal a deal.
3) Nothing short of impeccable condition will do for the busy luxury buyer in today's gobal economy. This new home fits the bill with high-end amenities throughout the home. All the bells and whistles are there and they are all brand new.
In short, this unique home meets the wants and needs of this particular luxury buyer. The same rule applies to every buyer whether they are first time home buyers or retirees. The house must meet the "right now" needs of the buyer. Wants and needs vary from buyer to buyer, but they always exist, and once met a match is imminent.

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Los Angeles Coastal Luxury Home Market--Stagnant, Slow or Selling?

2011-11-02T11:18:00.001-07:00

No ones denies the housing market is a challenging mix of distressed properties (bank owned and short sales) with stressed out sellers, and a bevy of hesitant buyers with minimal confidence in the market. In times of conflicting, and often confusing data, I've always found the most trusted source to be actual sales. Rarely are these numbers massaged to represent the interest of a person who can gain from an inflated number. Home sales are recorded, and records can be verified. There is comfort in knowing the statistics for actual closed sales.
Los Angeles County has many luxury, high-end housing markets, but this article will focus on the southern coastal cities of Los Angeles County beginning with luxury home sales on the Palos Verdes Peninsula this year.
Luxury Home Sales ($3,000,000 and up) 2011 YTD:
Palos Verdes Estates: 12 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $9,150,000.
Rolling Hills: 8 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $7,250,000.
Rancho Palos Verdes: 6 Single family high-end luxury homes closed escrow priced over $3M with the higest price being $7,425,000.
Rolling Hills Estates: No closed sales meeting the criteria.
The Beach Cities of Redondo, Hermosa and Manhattan are home to many gorgeous coastal homes. Here are the closed sales for high-end luxury homes:
Manhattan Beach: 28 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $4,653,000.
Hermosa Beach: 5 Single family high-end luxury homes closed escrow priced over $3M with the highest price being $12,600,000.
Redondo Beach: No closed sales meeting the criteria.

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Is it too late to list my home?

2011-11-02T11:15:00.001-07:00

"I waited too long to list my house this year, didn't I?" The caller's tone indicated he wanted confirmation of his suspicion. After all, the kids are back in school and pumpkins are appearing in stores and at front doors. Can the holiday frenzy be far behind, and who, if anyone, will be shopping for a home during such a hectic time of the year?

Contrary to popular opinion, the housing market does not come to a grinding halt during the final quarter of the year. Many years it is my best quarter. With summer relegated to memories and photos, and another year dawning, many senior sellers begin to wonder if it's time to make the move to the next phase of their housing life whether it be buying smaller and staying local or making a move to a new locale.

Job transfers, children leaving home and changes in financial situations do not vanish during the final months of the year either. Lucky for sellers, there are always buyers with housing needs at this time of year. I'm currently working with an out of the country buyer planning to open a division of his business in the Los Angeles area. He is carefully perusing the Palos Verdes luxury homes currently on the market. A young executive already working in the area is shopping for a home and plans to move the family over the holidays. Another young couple will purchase a starter home as soon as the wedding and honeymoon are over. The list goes on with more buyers waiting in the wings to find the right house for them in Palos Verdes.

Selling a home in California is not a seasonal business, it's personal. The right time to sell a house is when the time is right for you.

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Palos Verdes--Discover the Secrets of Southern California's Best Kept Secret Luxury Location

2011-09-20T16:06:00.000-07:00

Many Southern California communities enjoy worldwide recognition. Is there anyone in the USA who has not heard of Beverly Hills or Malibu? However, it is not unusual for people to stare with no sign of familiarity when I mention the Palos Verdes Peninsula.

It's quiet here. We don't have street lights.

Around the Hill Our street signs are small and kept to a minimum. There is nothing showy about the area, unless you consider panoramic ocean views, soaring hills dotted with coastal homes and a stellar school system entitles us to bragging rights.

The Palos Verdes Peninsula is a unique place to live. Surrounded on three sides by the Pacific Ocean and situated high on a hill above the flat lands below, the views are varied and breathtaking. Aside from the stunning topography and serene location I believe the views are unsurpassed in the Los Angeles area, and one of the primary reasons residents come to Palos Verdes and rarely leave.

A few of the many amenities the Palos Verdes Peninsula offers its residents are:

The Climate: San Diego lays claim to "the perfect climate" but in my opinion, Palos Verdes is as close to perfect as this former Midwestern woman ever needs. Marine air from the open sea bathes the area with gentle ocean breezes and moderate temperatures throughout the year. Only a few winter days require bundling up "Back East Style" and on a few summer days Santa Ana winds bring a dry heat reminiscent of the desert. Coastal fog makes its appearance periodically and yes, we have a few rainy days, but all in all those sunshine filled days you see in the movies are the real deal.

The Schools: Peninsula residents are justifiably proud of the Palos Verdes Unified School District that serves all four cities and unincorporated areas

of Palos Verdes. Test scores are consistently in the top 10% of all California schools and approximately 90% of the student body goes on to higher learning upon graduation.

The Location: Owning a home on the Palos Verdes Peninsula ensures you will be close enough to Los Angeles to enjoy all the advantages of living near a major metropolitan area, yet so very far removed from the daily hustle and bustle of urban congestion.

The Views: The homes of Palos Verdes enjoy some of the most spectacular views in the Los Angeles area. The variety of views include panoramic ocean, Catalina Island, Los Angeles Harbor, city lights, coastline, whitewater, mountains and the coveted Queen's Necklace view. Buying a home on the Palos Verdes Peninsula is a wonderful adventure. There are a variety of neighborhoods, four separate cities and a wide variety of styles and prices. Welcome, and enjoy your search for a home on the Palos Verdes Peninsula.

The Homes: The homes of Palos Verdes range in price from under one million to multi-million dollar estates on ocean front lots. There are villas in the hills, equestrian properties in Rolling Hills and beach houses in the Portuguese

Bend area. Luxury homes are scattered throughout the Palos Verdes Peninsula. The Estates at Trump National offers new homes with ocean views and Terranea Resort offers new homes by the sea. If you're looking for a coastal lifestyle, Palos Verdes will not disappoint.

I hope this article aids in your house hunting quest. When you're ready to start viewing homes it would be my pleasure to help you discover the right neighborhood, the right street and the perfect house for you and your family.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Palos Verdes Luxury Home Sales--January thru July 2011

2011-09-08T14:54:00.000-07:00

The Palos Verdes luxury / high-end home market is alive and well in 2011. As of late July, 20 homes sold for $3,000,000 or more in three of the four cities on the Palos Verdes Peninsula this year.

Palos Verdes Estates was at the top of the luxury home leaderboard in Palos Verdes with 11 homes sold. Prices ranged from $3,000,000 to $9,150,000.

The gated City of Rolling Hills claimed the next spot with 7 luxury homes sold in 2011. Prices ranged from $3,000,000 to $7,250,000.

Rancho Palos Verdes luxury home sales topped out at 2 year to date. With sales recorded at $3,200,000 and $4,999,000.

During the same time period in 2010 only 7 luxury homes in Palos Verdes sold for $3,000,000 or more.

If you're in the market for a luxury home in Palos Verdes there are still many to choose from--47 high-end homes are currently listed for sale.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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Good News--Palos Verdes High End Homes Post Consistent Sales as the Market Recovers

2011-09-08T14:52:00.001-07:00

The stock market had a few unpredictable mood swings this week and I detected lightly masked nervous tones from clients. Some questioned whether they should move forward with listing their house. Others wondered if they should rush to lock in the new lower interest rate, or cancel their existing offer and wait for prices to plummet.

The volatility prompted me to check the facts provided by the local MLS statistics. After all, news stories hype the hysteria of the moment, but recent sales and pending sales tell the quiet story and lets us peek at the unemotional side of what's happening inside the workings of the local real estate market. So step behind the curtain with me and view of snapshot of Palos Verdes high end home sales for 2011 year -to-date.

Palos Verdes $2,000,000-$3,000,000 High End Home Sales for 2011:

A total of 32 homes in the price closed escrow this year. City breakdown is as follows:

Palos Verdes Estates: 15 Single Family Homes Sold

Rolling Hills: 4 Single Family Homes Sold

Rancho Palos Verdes: 3 Homes Sold

Palos Verdes Peninsula (unincorporated area of PV): 2 Homes Sold

Rolling Hills Estates: 1 Home Sold

During the same time period in 2010 (January 1-August 13) 33 homes in the price range sold. 32 this year--33 last year. How's that for consistency? If you are searching for one of the most stable real estate markets in Southern California, the coastal cities of the Palos Verdes Peninsula remains a highly desirable choice.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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Palos Verdes Homes--Luxury Is in the Eye of the Beholder--High-End is a Price

2011-09-08T14:50:00.000-07:00

When it comes to homes, luxury is in the eye of the beholder, but high-end usually means the upper echelon of the price range for the area. A spa bathroom complete with sauna and soaking tub meets the definition of luxury for many but such amenities may also be found in a mid-price range Palos Verdes home.

Life is full of many little luxuries with blurred lines between necessity or indulgence. One man's luxury is another's requirement. If a prospective buyer asks to see luxury homes in Palos Verdes the next step is to have them define what constitutes luxury for them. Maybe it is a view, maybe it is space, maybe it is style. Often it is a very personal combination of many factors.

On the other hand, if prospectives buyers tell me they want to purchase a high-end home in Palos Verdes my first question may be, "How high?" Homes in Palos Verdes run the gamut from a low of $579,900 (located in Eastivew area of Rancho Palos Verdes) to a high of $14,900,000 for a villa in Palos Verdes Estates.

My first objective is to set realistic expectations and establish what amenities must be included, then select the homes representing the very best value in their price range whether it be high-end or a home of more modest means.

For me, the luxury bell rings when I see a massage table set up and ready for use in a private residence. I immediately think, these people know how to live. That's my idea of luxury but luxury is always in the eye of the beholder.

Luxurious amenities are often found in high-end homes, but I remember a modest cottage with a stunning ocean view, (lovely, but not high-end by PV standards) and on the deck was a massage table. What could be more luxurious than listening to the surf as a private masseuse worked out the kinks of the day?

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

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The Birds, the Beach and Me--Southern California Is Not as Crowded as You May Think

2011-07-19T12:39:00.001-07:00

The four cities located on the Palos Verdes Peninsula are located in Los Angeles County. The Los Angeles megalopolis is second only to New York City's urban population in the United States. The urban sprawl extends from the sea to the mountains and beyond. From the sky it appears as one continuous city with intermitten open spaces here and there. It's a big city with millions of people. You may wonder, where in the world did I find an empty stretch of beach on a sunny Southern California day?

The photo is not that unusual. I'm often the only person on this stretch of sandy beach. This particular morning there were a few other walkers and this morning there was one lone fisherman as I traversed the dirt trail and made my way down to the water's edge.

If you want to combine the eclectic urban lifestyle of LA with the astonishing natural beauty of coastal living then shouldn't you explore the possibility of the Palos Verdes Lifestyle?

Shhh, let's keep this our little secret.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Living in Palos Verdes May Not Include Private Jets but it Does Include Privacy

2011-07-05T15:18:00.000-07:00

The luxurious life, who doesn't aspire to adding a little luxury to their everyday life? I recently read Jennifer Aniston listed her California zen style home for $42,000,000. A British heiress just purchased Arron Spelling's former home with an opening offer of $75,000,000. Now that's luxury at a level most people will never experience, this writer included. However, we can all experience luxury on some level. The task is to make sure we seize the moment and luxuriate in it to the fullest degree. Living in Palos Verdes offers such moments on a daily basis.

Take privacy. I love and need it after a fast-paced day of real estate ups and downs. I'm fortunate most of my days do not require me to spend hours on the freeway doing the commuter crawl along the 405. However, when returning home from business in Beverly Hills last week, while stopped in a traffic jam, my eyes caught a glimpse of the familiar hill in the distance that I know and love as the Palos Verdes Peninsula. I immediate was filled with a sense of gratitude to be fortunate enough to live in a place surrounded with beauty, privacy and some of the cleanest air in Southern California. What a wonderful place to call home!

Palos Verdes is very protective of its open spaces. The hills and bluffs are laced with hiking and horse trails. There are parks with picnic tables, parks with amazing views, and since it is a peninsula, the wide open spaces of the Pacific Ocean fill the landscape with endless water views on three sides of the land.

You may not be living quite as large these days, but the land, views and lots in Palos Verdes are still large, very large. It is not uncommon to find half-acre lots, and many residents have several acres, especially in the gated city of Rolling Hills.

The Palos Verdes Penisula has no shortage of privacy. Whether your idea of luxury living is a small ranchette and the ability to take a sunrise horseback ride, or a villa tucked high on a hillside with a stunning view of the sunset, Palos Verdes is a luxury location you should consider. It's not Beverly Hills; it's quiet here. We are content to let Mother Nature show off the natural beauty of rolling hills, ocean views, open spaces and yes, that elusive commodity of privacy. Palos Verdes--it's not the LA you know from movies and television--it's better than that! It's the best kept secret in Southern California. Luxury living in Palos Verdes may not include private jets, but it does include privacy. We'll let Hollywood keep the billboards and bright lights; we don't even want street lights. The stars live in Beverly Hills, but the stars shine in Palos Verdes.

If you're ready to create your own Palos Verdes zen retreat Norma Toering & Team can help you. No private jet needed.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Lease in Rancho Palos Verdes--The View Is Breathtaking and My Clients Are Thrilled

2011-07-05T15:17:00.000-07:00

The deal is sealed and my clients are thrilled! Check out the views from their new digs in the Portuguese Bend Beach Club in Rancho Palos Verdes!

Photo taken from my client's deck. Now that's a view that will make you hurry home!

If you're in the market to lease a special home in Palos Verdes give me a call and we will search for the right home and view for you!

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle- Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Terranea Resort--Second Home Heaven! Beach Casitas and Villas at the Ocean's Edge

2011-04-20T12:00:00.000-07:00

Terranea Resort in Rancho Palos Verdes is one of the few places on the Palos Verdes Peninsula where you can watch the sunrise and the sunset with a turn of the head. Located on a point that juts out into the Pacific the sweeping views to the east and west are panoramic and nothing less than stunning. If you're looking for a second home in Southern California and less than one hour from the urban metropolis of Los Angeles Terranea Resort is the perfect solution.

Terranea opened approximately 18 months ago and is already considered a wold class destination resort. Offering golf, spa, numerous restaurants, a first class hotel and an unforgettable setting with up close and personal views of the Pacific Ocean and Catalina Island, the 100 plus acre site is laced with trails, several pools and an understated lobby and veranda.

The casitas and villas are sold fully furnished and owners may stay at their unit for up to 90 days each year. The rest of the time the unit must be rented per Coastal Commission requirements specifying the public have access to this historical and unique coastal location.

For more information about owning a piece of Terranea Resort contact Norma Toering & Team. We'll help you realize your dream of owning a beach home along the coast of the Palos Verdes Peninsula.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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How is the Palos Verdes High End Luxury Market Holding Up in 2011?

2011-04-20T11:58:00.000-07:00

Palos Verdes luxury home sales are on the rise. 2011 is off to a promising start for high-end homes on "The Hill" as 22 properties priced over $2,000,000 closed escrow as of April 14.

2010 produced 72 sales over $2,000,000 in Palos Verdes single family homes.

In 2009 41 Palos Verdes homes sold for over $2,000,000.

2008 posted 60 sales over $2,000,000.

In 2007 101 homes sold in the same price range.

103 homes sold in 2006 in the same category.

2005 saw 112 sales in the $2,000,000 and up price range.

In 2004 the number of sales over 2M totaled 80.

In 2003, before the market took off for the unsustainable double digit annual increases, the number of sales in the 2M+ price range was 62.

So what do the numbers tell us? We're back to normal. The bubble broke, but the Palos Verdes real estate market did not crash, it simply reduced its rate of absorption to the pre-bubble level and posted a moderate decline in prices.

The ups and downs of market cycles will always be with us, but statistics are built one sale at a time. Your property can join the sold statistics with the right experience, expertise and exposure. If you would like to know what your home is worth in today's market, Norma Toering & Team provides a FREE value analysis.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Palos Verdes Luxury Homes Under Contract--March 2011

2011-03-08T12:54:00.000-08:00

Luxury homes in Palos Verdes are beginning to move--no, not from mudslides, earthquakes, landslides or even the expansive adobe soil. This movement is not caused by the forces of nature, instead it is created by the return of buyers who hibernated during the recession and are now waking up to find lower luxury prices and the return of jumbo loans.

There are currently 15 Palos Verdes Peninsula Luxury Homes ($2,000,000 and up) under contract as of March 8, 2011. Here is the breakdown by city and price:

Palos Verdes Estates: 10 Pending Sales priced from $2,100,000 to $3,999,000

Rolling Hills: 3 Pending Sales priced from $2,999,000 to $6,980,000

Rancho Palos Verdes: 2 Pending Sales priced from $2,498,000 to $2,999,999

Rolling Hills Estates: No Pending Sales priced over $2,000,000

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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PV Luxury Homes - Feb 2011 Sales Report

2011-03-07T16:02:00.000-08:00

Six luxury homes priced over $2,000,000 sold in Palos Verdes during the month of February. The most expensive Palos Verdes home sales in February 2011 ranged from $2,360,000 to $4,999,000. Four of the sales were in Palos Verdes Estates, the other two were in Rancho Palos Verdes.

1616 Paseo Del Mar, Palos Verdes Estates: Sale Price: $2,675,000

1424 Via Castilla, Palos Verdes Estates: Sale Price--$3,500,000

1959 Via Visalia, Palos Verdes Estates: Sale Price--$2,360,000

936 Paseo La Cresta, Palos Verdes Estates: Sale Price--$2,900,000

2923 Vista Del Mar, Rancho Palos Verdes: Sale Price--$4,999,000

2980 Twin Harbors View Drive, Rancho Palos Verdes: Sale Price--$3,200,000

For more information on luxury homes on the Palos Verdes Peninsula contact Norma Toering & Team.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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The PV Drive South Area - The "Resort" area of Palos Verdes

2011-02-17T17:14:00.000-08:00

Palos Verdes Drive South is where all the action is--both the good and not so good. Let me explain.

Palos Verdes Drive South snakes along the resort side of the Palos Verdes Peninsula. Donald Trump recognizes a beautiful area when he sees it; Palos Verdes Drive South is home to Trump National Golf Course and Trump National Estates (featuring homes up to $12,000,000). It is also home to the world famous Terrenea Resort complete with villas, casitas and world class restaurants.

It is also home to one of the largest active landslides in the United States. I know, scary stuff, but it does not affect the entire area and much has been done to stabilize the area. A few neighborhoods are in the moratorium but most of the Palos Verdes Drive South area is stable.

I first discovered the neighborhood because I love to walk the trails that lace the area. The views are some of the best on the Palos Verdes Peninsula and hiking the trails is a great way to exercise and enjoy the natural beauty of the area.

Home prices in the Palos Verdes Drive South neighborhood currently range from a low of $799,000 to a high of $12,000,000. The area also has condos available with a price range from $435,000 to $888,000. Terranea Resort is offering villas and casitas in the $2,500,000 price range.

Oh, and I should mention the weather, right? After all that is what we are famous for. Palos Verdes Drive South has one of the most desirable climates on the Palos Verdes Peninsula. The ocean breezes keep it cool in the summer and the coastal effect keeps it mild in the winter too. If you're looking for some of that famous Southern California sunshine, you'll be happy you discovered Palos Verdes Drive South.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Home Leases in Palos Verdes - Norma Toering

2011-02-17T17:02:00.000-08:00

If you are in the market for a luxury lease in Palos Verdes you will find many options available. Perhaps you long to spend a year living in a seaside villa while you acquaint yourself with the area prior to purchasing a home. Maybe you are an executive on temporary assignment and want your California living experience to mimic an episode of Lifestyles of the Rich and Famous. Perhaps you want a gated hideaway, or ranchette with stables. The Palos Verdes Peninsula offers a wide variety of luxury homes and at any given time several of these premiere residences are for lease.

There are currently five homes for lease in the gated community of Rolling Hills. Listed lease prices range from $7000 to $12,500 per month. If you're looking for the security of a gated community, large lot and ultimate privacy, Rolling Hills is a must see community.

Palos Verdes Estates, located on the west side of the Palos Verdes Peninsula is home to oceanfront estates and hillside villas. At any given time a few choice residences are for lease. Likewise, Rancho Palos Verdes, home to Trump National Estates and the multi-million dollar Oceanfront development, offers an ever-changing list of luxury homes for lease in Palos Verdes.

If you would like more information regarding luxury leases contact Norma Toering & Team.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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How do I know you priced my home correctly? Seller Tip.

2011-01-12T16:02:00.000-08:00

Often, with pen held in hand and ready to sign the listing agreement, a seller will look me in the eye and say, "How can I be sure you priced my home right?" It is an important question, especially as equity evaporated faster than water in the desert during the Great Recession these past few years. It is understandably hard for a seller to release the memory of being a paper millionaire in the heady days of double digit increases in the local housing market.

I love a good review of facts before placing a property on the open market, and it is imperative to share all information with the prospective sellers before they list a property. Knowledge is power. Equip a seller with the tools used to determine the listing price for his/her property and forever banish their suspicion you plucked the price out of thin air.

1) Gather the Facts--the tax assessor's records are a good place to begin assembling accurate information. The size of lot and house, the year built, zoning etc.

2) Comparative Market Analysis-- Since an appraiser will use the comparative property approach to establish value after an offer is accepted, a savvy agent will use the same method before the property is sold.

3) Check Current Competition--Buyers will often apply the rule of substitution if they suspect a property is overpriced and a similar home in a similar location is a better deal. It pays to know your competition.

4) Review Pending and Recent Sales--An active agent will have first hand knowledge of properties currently in escrow and recent sales in the subject property's neighborhood. Pay close attention to these properties--they are the ones an appraiser will use to establish value of your property.

5) Work with the Local Expert--Intangibles affect value. Great schools? The price goes up. Sought-after street or highly desirable view? Ditto.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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When is the best time to list my home?

2011-01-12T15:59:00.000-08:00

Prospective sellers often ask when is the best time to list my property. My Southern California response is different than many other areas of the country. Personal reasons override climate when choosing the right time to sell.

It does not snow in my local market area, so icy roads and slushy streets are not weather conditions my clients need to factor into their listing date decision. We do have a rainy season, if we're lucky, from November to March. Summer heat waves are usually restricted to a few days of hot, dry and smoggy Santa Ana winds. We have June gloom for a few weeks when coastal fog hides the sun until mid-day. In Southern California lifestyle, not weather, plays an important role in detemining the best time to sell.

The window of opportunity is open longer due to the beautiful weather we are blessed with. Sellers can time their move based on their personal calendar, not Mother Nature's seasons. Spring brings a small bump in activity but sales also happen in December and January. If you missed the spring market, the summer one is a good one too. The fall market has ample buyers and weather does not slow the winter market except for an occasional rainy day or two.

In Southern California the best time to sell a house is when you are ready.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Consumers--What They Want Now

2010-12-29T15:05:00.001-08:00

I've always associated luxury with quality, not necessarily quantity or size. I think a small house can exude luxury and quality without being palatial in size. Attention to architectural details and decorative style is another way to drape a home in luxury. A home filled with art, living plants and music offers a luxurious retreat from the demands of the outside world.

Luxury, like beauty, is in the eye of the beholder. My idea of luxury may differ from yours, but most will agree luxury emerges when our surroundings are rich with what we love and thereby add great pleasure to our lives. Robert Frank takes a look at the life and culture of the wealthy in The Five Species of Luxury Consumers. It is an interesting read.

The definition of luxury is always evolving. Has the recent recession changed consumers opinion of what constitutes luxury? Definitely, and happily the definition of luxury is expanding to include the intangibles of peace of mind, time with loved ones and the ability and time to help our co-inhabitants on this earth.

If you are selling your Palos Verdes luxury home or in the market to purchase a home that offers the luxury features important to you and your family, contact Norma Toering & Team. We can help you achieve what you want now.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Palos Verdes Luxury Homes - What's Selling and What's Not

2010-12-20T15:43:00.000-08:00

Breakdown of luxury 2010 sales by Palos Verdes Peninsula cities:

Palos Verdes Estates: Seven homes priced over $3,00,0000 closed escrow to date. The most expensive home sold for $5,000,000.

Rolling Hills: Two homes priced over $3,000,000 closed escrow to date. The most expensive home sold for $5,500,000.

Rolling Hills Estates: No homes priced over $3,000,000 sold to date.

Rancho Palos Verdes: Five homes priced over $3,000,000 closed escrow to date. The most expensive home sold for $4,500,000.

14 Homes priced over $3,000,000 sold on the Palos Verdes Peninsula to date in 2010. If you're searching for a luxury home now is a great time to explore the possibility of living in Palos Verdes. There are 45 single family homes priced over $3,000,000 currently for sale.

Whether your style is a rambling ranch, sleek modern or Mediterranean there is a home and view waiting for you in Palos Verdes.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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So You Want to Live in Palos Verdes, CA

2010-12-20T15:41:00.001-08:00

Reasons People Want to Live in Palos Verdes:

1) Few places on earth are more beautiful.

2) The Palos Verdes Unified School District is one of the top public school systems in California.

3) It is located in Los Angeles County, and is close to all the urban conveniences, but is a coastal retreat far from the hustle and bustle of city life.

4) The climate provides many days of sunshine, a few of rain, but snow is a rare occurrence.

5) The coastal location provides easy access to beaches. The Palm Springs desert towns are an easy 2.5 hour drive and ditto for the mountain ski destinations.

6) Housing choices run the gamut from condos to grand estate homes. There are beachy cottages, rambling equestrian estates and hillside villas. Prices range from condos under $200,000 to multi-million dollar mansions. No matter what your budget there is a Palos Verdes home for you. The views are enjoyed by all.

If you're considering a move to one of the four Palos Verdes Peninsula Cities, it would be my pleasure to arrange a tour of the area.

If you're looking for a resort like area to call home, the Palos Verdes Peninsula is calling your name.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Living in Palos Verdes: It Begins With the View

2010-12-20T15:35:00.000-08:00

Palos Verdes is an upscale community located in the Greater Los Angeles area. There is no shortage of multi-million dollar homes available to purchase. This coastal area of Southern California offers stunning view properties, enviable equestrian estates and hillside villas perched above the bluffs with waves from the Pacific Ocean crashing in regular rhythm below. These are the homes luxury dreams are built on.

Has the recession caused the luxury home dream to shift, adjust and reform itself? Donald Trump is pushing the luxury market in Rancho Palos Verdes with his new homes at Trump National Golf Course. The area could not be more beautiful. There are ocean views with Catalina Island beckoning in the distance. There is a golf course and miles of hiking trails along the bluffs overlooking the ocean. The climate is as close to perfect as Mother Nature provides.

Will Mr. Trump's mega-million dollar ($12,000,000) spec home sell? Luxury home buyers on the Palos Verdes Peninsula will determine the answer.

I have several wealthy clients in my database, and although they have worked hard to achieve their level of success, their goal is to have a sanctuary, not necessarily a show place, as their home. When nature provides a stunning backdrop the house must complement the setting. Kudos to Mr. Trump for letting the setting speak.

Redefining luxury living in Southern California begins with a shift in attitude and living in harmony with nature.

If you're looking for a luxury coastal home with forever views allow me to introduce you to those available on the incomparable and unforgettable Palos Verdes Peninsula.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Luxury Living in Los Angeles--The Art of the Bath

2010-12-20T15:33:00.000-08:00

The size of homes may be shrinking in this new post-recession (It is post, right?) housing market, but I've noticed the bathroom, especially the master bath, has gone near palatial and is a place of full-on pampering. It has become the place to recession-proof yourself. It is now a spa experience.

The healing and soothing effects of water on the mind, body and soul is not a 21st century discovery but more of a return to elevating the art of the bath to the central place it held in various cultures throughout history.

At home spas, complete with massage tables, are becoming more common in luxury homes. Steam showers, soaking/whirlpool tubs and saunas play a role in rounding out the modern luxury bathroom. Add the sound of ocean waves or rain-forest wafting down from Bose speakers and the mood is set. Select the aromatherapy scent of choice and it is time to remove the day's armor, wash off the dust and bruises of another day's battle and enjoy the luxury of the bath.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Palos Verdes -- High-end Homes on "The Hill"

2010-12-20T15:24:00.002-08:00

The Palos Verdes Peninsula rises up from the flatlands of the South Bay offering some of the most spectacular views in Southern California. Naturally, these breathtaking views make the "dirt" on the pricey side. Add a luxury home to the view and the price tag heads skyward.

If you are looking for a coastal home with a view, Palos Verdes is a glorious area to begin your quest for a home. Each of the four cities on the Palos Verdes Peninsula offers high-end homes. The current number of luxury homes for sale is:

$2,000,000 to $5,000,000: 60 Single Family Homes For Sale in Palos Verdes.

$5,000,000 and up: 12 Single Family Homes For Sale in Palos Verdes.

There are currently 222 Single Family Homes For Sale on the Palos Verdes Peninsula.

Nearly one-third of the homes in Palos Verdes are priced over $2,000,000.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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High-end Home Expectations on the Palos Verdes Hill

2010-12-20T15:24:00.001-08:00

I previewed four Palos Verdes Peninsula luxury homes yesterday. The price of the homes ranged from $2,400,000 to $3,800,000 and I noticed several common threads connecting the amenities offered in the luxury properties:

1) Outdoor Living Areas - Complete with pools, spas, cabanas, seating area focused around fireplace or fire-pit and a high quality outdoor kitchen. This is Southern California and outdoor living is a year-round possibility.

2) Oversize Gourmet Kitchen - With top of the line energy efficient appliances, walk-in pantry, large center island, causal dining area and seating for guests who enjoy congregating in the kitchen to watch (or help) the cook prepare the food.

3) Oversize Master Bedroom and Bath Suites - The trend is to create a spa experience at home with a luxurious retreat where the homeowner can go to retreat, refresh and rejuvenate body, mind and soul. Think multihead showers, whirlpool tub and towel warming racks. A meditation room, a library or a sitting room with a view and a very luxurious bed complete the high quality luxury hotel feel to these at home bedrooms.

4) In Home Office Headquarters - A place for the homeowners to manage the household and their busy lives now dependent upon the Internet and wireless communication. A command central of sorts for living life in the 21st century.

5) High Tech at Home - Superior surround sound theatre and music throughout the home is expected as the home theatre experience rivals that of the local movie complex. Other home techie trends are sensored faucets, room darkening shades that open and close with the touch of a button (for movie watching or sleeping in) and fail-safe security systems.

Luxury home buyers on the Palos Verdes Hill expect their homes to keep pace with their changing needs and improve their quality of life.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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Fantasy Home Features--What's Number One on Your List?

2010-12-20T15:22:00.000-08:00

This morning I awoke to the dull throb of an old tennis injury in my shoulder and I muttered under my breath, "I need a massage." Instead, I reached for the vibrating heating pad and settled for twenty minutes of heat and an application of Ben Gay. As I sipped a cup of hot coffee and waited for"Ben" to work his magic on my shoulder I thought how fabulous it would be to have a home spa, complete with masseuse table, and the number of a mobile masseuse close at hand. Since I love a day at the spa, that's the fantasy home feature I dream about.

I see luxury homes day in and day out as a real estate agent on the Palos Verdes Peninsula. These high-end homes are filled with dream kitchens, glorious gardens, grand living rooms, heavenly views of the Pacific Ocean, Catalina Island and twinkling lights of Los Angeles. When showing these homes I watch prospective buyers to see what triggers their personal "tipping point" and I've noticed a shift from kitchen to master bath in many women.

The 21st Century woman is busy, very busy. Career, kids, community and social commitments mean dinner is often takeout, eat out or a shared duty with spouse and kids. The kitchen is still the hub and heart of the home, but the master bath's evolution into a rejuvenation center and sanctuary is a growing trend. Discerning home buyers are not willing to wait for a vacation to restore and renew their spirit; they want the spa experience available in the comfort and convenience of their home.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

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