A quick look at the $1,000,000 – $2,000,000 Palos Verdes Real Estate market placeThere are homes for sale in Palos Verdes CA, there are homes that represent the closed sale Palos Verdes real estate market and then there are homes in Palos Verdes that are in escrow now. It’s the homes that are in escrow now that give us the best “today” snapshot of what buyers are accepting in today’s market.
View 1.0 – 2.0mm Palos Verdes Homes In Escrow in a full screen map DRE 785373 |
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Monthly Archives: December 2011
Palos Verdes Bank Owned Homes
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ARE YOU A REAL ESTATE AGENT USING THE INFORMATION ON THIS SITE FOR YOUR CUSTOMERS? HERE’S A CONCEPT – GO AND INVEST YOUR OWN MONEY AND TIME TO PROVIDE THIS SERVICE INSTEAD OF “STEALING” MY WORK PRODUCT. WHAT A CONCEPT! Scroll down to view the current Palos Verdes bank owned homes as of 12/28/2011
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8 bedrooms
Whale Watching from Palos Verdes Real Estate
Gray Whale Season Underway“Gray whales are beginning travels along the Southern California coast now as they make one of the longest mammalian migrations known to man. The journey from the Bering and Chukchi seas to the lagoons in Baja California and back averages between 10,000 to 14,000 miles.
“We have been seeing more and more gray whales every day,” reported Scott Louie from Harbor Breeze Cruises in Long Beach. “Add in literally thousands of dolphins and an occasional orca sighting and this is a terrific time to be on a whale watching trip.”” To read the rest of this article written by Philip Friedman at Patch.com, go here http://santamonica.patch.com/articles/gray-whale-season-underway-d72fb665 |
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Lunada Bay Sport Court Homes
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Is the Palos Verdes Homes market strong or weak? How to tell
Is your home located in a strong or weak real estate market place?
This is a question that I bet you didn’t realize, could be answered very objectively. Ask 99.99% of real estate agents out there and I believe you will get a bunch of hemming and hawing with no clear answer.
What are the facts and how do you measure whether your market is in a weak or strong position relative to other areas around the South Bay and Palos Verdes real estate market places?
One way, and I believe the best way, is to measure the “Unsold Inventory Index”. This is a measure of how well the market is doing at absorbing inventory through sale activity. It is a number that objectively and factually provides you the information (how many days it will take to sell existing supplies of homes if they sell at the same rate as in the last 12 months) for the Palos Verdes Estates homes market or Manhattan Beach real estate market or whatever market you define.
I’ve done some “macro” calculations for you below, and I can also hone in to the micro market as well for you. For example, let’s say you have a home in Palos Verdes Estates, but you want to know what the unsold inventory index is for Lunada Bay homes versus Malaga Cove homes. I can do that for you, just visit my website at http://www.homeispalosverdes.com and click the the “USI Request” link you will find in the 1st paragraph at the top of the page. It will look like this:
So let’s get right to the data …
| South Bay Market Strength Indicator | |
| City | Unsold Inventory Index |
| Manhattan Beach | 99 |
| Hollywood Riviera | 104 |
| Torrance (South & West) | 121 |
| Redondo Beach (South) | 126 |
| Redondo Beach (North) | 127 |
| Rancho Palos Verdes | 161 |
| Palos Verdes Estates | 162 |
| Lomita | 164 |
| Hermosa Beach | 176 |
| San Pedro | 201 |
| Rolling Hills | 280 |
| Rolling Hills Estates | 296 |
As you can see from the table above, Manhattan Beach appears to be performing best with only 99 days of unsold inventory on the market.
Lastly, for some fun stuff … how about the strangest homes of 2011, including the MUSHROOM HOUSE!
For more detailed information on your home, tips on maximizing your ownership, questions you want answered, please contact me and I will do my best to help.
Thanks for reading!
Happy New Year!
At Your Service,
George Fotion
Call Realty Company
433 Via Corta
Palos Verdes Estates, CA 90274
(424) 226-2147 cell
(310) 861-8966 fax
george.fotion@homeispalosverdes.com
www.homeispalosverdes.com
A sale is not something you pursue, it is something that happens to you while you are immersed in serving the best interests of your customer
-Author Unknown
CONFIDENTIALITY NOTICE:The information contained in this facsimile/email is legally privileged and confidential information intended only for the use of the individual or entity specified herein. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copy of this facsimile/email is strictly prohibited. If you have received this facsimile/email in error, please immediately notify us by telephone (310) 346 6467 or email gfotion@earthlink.net or fax (310) 861-8966 and return the original facsimile/email via US Postal Service, to us at the following address: 433 Via Corta, Palos Verdes Estates, CA 90274-1323. Thank you. California Department of Real Estate License # 00785373
Palos Verdes Real Estate Trends
Existing Home Sales Continue To Climb In NovemberFrom the “Daily Real Estate News”, an online publication by the National Association of Realtors, it was reported today that, “…Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for-sale-by-owners. Although rebenchmarking resulted in lower adjustments to several years of home sales data, the month-to-month characterization of market conditions did not change. There are no changes to home prices or month’s supply….” To read the full article with back up documentation go here: http://realtormag.realtor.org/daily-news/2011/12/21/existing-home-sales-continue-climb-in-november But that’s a national overview. And we all know the age old adage for real estate don’t we? Let’s repeat it together, ready, “Location, Location, Location”. And because of that, there is a corollary to that adage and that is “All Real Estate is Local”. What that means is that it is of very little significance what the market is doing in Miami as to what the market is doing for Palos Verdes real estate. That being said, what is the Palos Verdes homes market looking like these days? First, we need to understand that real estate, just like any other asset, is a commodity. It is ruled by the forces of supply and demand and that “ebb & flow” creates levels of “unsold inventory” by which we can gauge the strength of the market. The basic question is this …. “How many days of unsold inventory are on the market today and how does that compare to times past?” This is what can provide us hints as to the direction of the market. Take a look at the chart to get a glimpse of what the Palos Verdes real estate market is doing today. For more information and additional proprietary charts, you’re welcome to call me or visit my website at HomeIsPalosVerdes.com
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Protect Your Palos Verdes Ocean View Real Estate
Do You Have A View?Can you count on it EVERY DAY to be crystal clear?I advise my ocean view and city light view homeowner clients constantly, “take pictures of the views when the weather is crystal clear”. We had incredible winds last night that made it beautiful today. Get your cameras and take pictures. Sure enough, if you don’t, and some day when it comes time to sell your home that has as one of its most high demand features, the ocean view, you will regret not having your view shots!
So, as soon as you’re done reading this … grab your camera and GO TAKE SOME PICTURES! For more information on Palos Verdes homes for sale and how to maximize your benefits as a home owner, buyer or seller of Palos Verdes real estate, visit my website, www.homeispalosverdes.com |
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Things to do around Palos Verdes CA
Fishing around the Palos Verdes Area
Are you into fishing? Here’s something you can do in the Palos Verdes area after you’ve bought your Palos Verdes home. “A cold water cycle might be contributing to the abundance of rockfish along the Southern California coast, anglers said after some large catches over the weekend. ‘It’s rare to catch so many reds (vermilion) in such shallow water along the coast,’ said Don Ashley from Pierpoint Landing.” This is a great article written by Philip Friedman; just go here on Palos Verdes Patch to read more If you have any questions about what to do around Palos Verdes, Palos Verdes real estate and homes for sale in Palos Verdes, just visit the links below or give me call. |
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Are Real Estate Agents Stupid; How about Palos Verdes Real Estate agents?
Are real estate agents as stupid as they look?I saw the article below a couple of days ago and just had to groan. Really?!?! Overcounted?!?! and for FIVE YEARS?!?! (Don’t worry, I will get to my point in a minute, keep reading below the picture excerpt of the article) Wow, no wonder real estate agents don’t rank very high in “Honesty and Ethics”
So even though real estate agents are in a “profession” that is ranked in the top 10 of most stressful jobs, it would seem that it would go a long way to improve these perceptions by just doing a good job and telling the truth. Is it really that hard? Let me make a promise to you right here and now, when you come to me for consultation or service, I will tell you the truth – it may not be what you want to hear …. I won’t “buy your listing” by giving you an inflated price opinion so that you will list with me AND you can count on my numbers as I do my own research. For example, here’s a chart on the latest home sale price trends for Palos Verdes real estate. No double counting here, just the facts
If you would like access to my proprietary real estate market charts for Palos Verdes and the South Bay, go here
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Palos Verdes Foreclosure Report
HomeIsPalosVerdes.com California Foreclosure Report 12/13/2011 |
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