What’s one way to tell the Palos Verdes Homes and South Bay Real Estate market is getting BETTER?Ask any stock broker or commodity broker adept at using technical indicators to “time” trades, and one of the tools they use is to study “VOLUME” changes relating to resistance and support trend lines. Real estate, being a commodity like gold, silver, grain futures etc, can also be “predicted” by studying volume changes. Look at what’s happening with Palos Verdes home sales as a partial component to this chart for the South Bay real estate market… for the first time in THREE YEARS we see resistance broken to the upside. Of course no one has a crystal ball and fortunes have been won and lost trying to time “bottoms” and “tops”, but clearly this is a positive development. For more information on other real estate trends for Palos Verdes real estate and South Bay home trends, follow the link in the yellow tab below. If you’re reading a blog in which the yellow tab doesn’t appear, just go to my website at www.homeispalosverdes.com scroll down to the section of my website beneath the section that says “More Free Services”. It’s about three quarters of the way down the page. |
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Monthly Archives: May 2012
Home Prices in Palos Verdes Estates, CA
Palos Verdes Estates Homes Transactions Report (LIVE)
WHAT IS THE “MEDIAN MAI”? Send me an email, and I will explain the significance of this proprietary object algorithm. And if you want the charts on other communities around the South Bay … just send an email to george.fotion@homeispalosverdes.com Search for Palos Verdes Homes here … |
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Palos Verdes Homes, another benefit of ownership
Another Benefit to Owning Palos Verdes HomesOne of greatest things about owning Palos Verdes Real Estate is that you get to live in an area where children’s education is a top priority. And one of the leading organizations at the forefront of this mission is the Peninsula Education Foundation The annual “Main Event” (the major fund raiser for the organization) was, as expected, a tremendous success. “The Peninsula Education Foundation sells out annual event. The Pacific Ocean provided a stunning backdrop for the Peninsula Education Foundation’s Cirque by the Sea-themed Main Event. While guests sipped on cocktails and browsed auction items on May 12 at Terranea Resort, acrobats performed feats of flexibility and strength — something unheard of in Sacramento these days” You can read more of the article on the event here You can find more information on how well our kids do reading this May 8, 2012 article on Palos Verdes Patch. Here’s a brief excerpt Palos Verdes Peninsula High School National ranking: No. 137 College Readiness Index: 67.5 National Ranking: No. 266 College Readiness Index: 55.0 National Ranking: Not ranked College Readiness Index: N/A Search for Palos Verdes Homes here … |
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Palos Verdes homes located near the cleanest beaches in Los Angeles
Palos Verdes Beaches Again RankedAmong Los Angeles County’s HealthiestJust posted in PalosVerdesPatch.com, this article talks about the cleanliness of our beaches here in Palos Verdes. “…Palos Verdes beaches are among the healthiest in the South Bay, according to Heal the Bay’s 2011-12 Beach Report Card, released Thursday. Beaches in Palos Verdes Estates and Rancho Palos Verdes, including Malaga Cove, Bluff Cove, Long Point, Abalone Cove and Portuguese Bend Cove, all received A and A+ grades from the Santa Monica-based nonprofit. The grades were given for summer dry, winter dry and wet weather conditions…” It’s yet just another of a long list of reasons why buying a Palos Verdes home makes sense for so many families. Want to search for Palos Verdes homes near the beach or bluffs? |
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Palos Verdes Short Sale Homes Information
Palos Verdes Short Sale Major Update Even if a short sale doesn’t apply to you, chances are you know someone for whom a short sale might be a good idea. And if you do, there are two very critical issues that such a person must know about to help with their Palos Verdes short sale or South Bay short sale. First of all the the Mortgage Debt Relief Act expires on December 31, 2012. Prior to the passage of this Act, debt relief resulting from a foreclosure or a short sale was considered income by the IRS. For example, let’s say the loan on the house was $1,000,000 but the house was sold as a short sale for $850,000. That difference of $150,000 was a taxable event to the homeowner! However after passage of the Act, both the State of California and the Feds caused this “gift” to not be a taxable event. Unless it is extended, this benefit expires very, very soon so the very real benefits to doing a short sale, will disappear! So if you are considering a short sale or if you know someone that should, time is of the essence! Now the second piece of information is really exciting! Breaking news: June 1, 2012, the 3 major credit reporting agencies have announced they will change the impact of short sales on a borrower’s credit (assuming they missed no payments and weren’t late) to a ‘neutral’ . Meaning little to no negative credit ramifications. This is HUGE. Quoting from the Harris Real Estate Training Center: Q. Can I do a short sale even if I am current on my payments and can afford the payments? Breaking news: June 1, 2012, the 3 major credit reporting agencies have announced they will change the impact of short sales on a borrower’s credit (assuming they missed no payments and weren’t late) to a ‘neutral’ . Meaning little to no negative credit ramifications. Translated: If you didn’t miss any payments prior to the short sale you won’t have a credit hit. Even better, the standards to obtain a mortgage following a short sale have changed dramatically. If you didn’t miss ANY payments prior to the short sale it is possible to get another mortgage immediately. Yes, you read that correctly. Short Sale today…buy today. Generally speaking, if you did miss payments prior to your short sale you will have to wait as little as 18-24 months before securing another mortgage. So, bottom line, the time to act is now. When you have questions, give me a call and let’s talk about this AND if you are interested in understanding the benefits as an INVESTOR in the short sale arena, let’s set an appointment to discuss this. You can use the article in the yellow button below to start thinking about this. For more general real estate information, please visit http://www.homeispalosverdes.com To view listings of distressed properties in Palos Verdes, please scroll down to below my website logo and click the image of the map |
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Palos Verdes Estates Homes in Monte Malaga Area
Palos Verdes Estates homes for sale in the Monte Malaga Area
The Monte Malaga area of Palos Verdes Estates features cool ocean breezes, and is located about half way up the “Hill” on the Palos Verdes Peninsula on the northwest section of Palos Verdes. It is an area that is convenient for schools (the elementary school is in some cases, walking distance from homes) as well as Palos Verdes Intermediate (about 5 minutes away) and about equidistant from both high schools, Palos Verdes High School and Palos Verdes Peninsula High School. This is why the Monte Malaga area is one of the most popular areas to live in within the Palos Verdes area. If you click on the map above, not only can you view all the Monte Malaga homes for sale, but program the interactive map to search for other areas on the Palos Verdes Peninsula and within the South Bay. Here’s a video of one of the more affordable homes in the Monte Malaga Area |
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Palos Verdes Ocean View Homes
Click the image below to be taken to the site depicted, then when there, click the map |
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Lunada Bay Homes
Lunada Bay HomesLunada Bay homes provide you the peace of mind and tranquility that only living in the quintessential family neighborhood can provide. Kissed by Pacific Ocean breezes, the air is clean and fresh. Schools are close and in fact it’s the only area in all of the Palos Verdes Peninsula, where all three schools (Lunada Bay Elementary, Palos Verdes Intermediate and Palos Verdes High School) are all close by thus minimizing the time parents need to take to get kids to and from schools. Many of the homes have incredible ocean views and many of the homes, like this one at 2800 Via Segovia, offer huge lots with paddle tennis courts and pools. or this home For more information on Palos Verdes Estates you can play this video If video above is not visible, please go to this Palos Verdes Estates Real Estate site And to search for Lunada Bay homes for sale, visit this site |
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Palos Verdes Home Price Trend Report May 2012
Home prices rise in Half of U.S. Cities as Markets StabilizeThere was an interesting article in Bloomberg today that I read as reported by the National Association of Realtors in which it was represented that home prices rose in half of U.S. cities in the the first quarter of 2012. However as you read further into the article and not just the headline, you see that experts said “The housing market is still depressed but it had a good quarter,” Patrick Newport, an economist at IHS Global Insight in Lexington, Massachusetts, said in a telephone interview today. “We’re on the mend but it’s still something that will take two or three years before we’re back to normal.” To read the full article, follow this link – http://www.bloomberg.com/news/2012-05-09/home-prices-rise-in-half-of-u-s-cities-as-markets-stabilize.html There’s an old saying in real estate; no, not the “location, location, location” saying, but one just as old and it goes like this: “REAL ESTATE IS ALL LOCAL” When it comes down to it, who cares what is happening in Des Moines, Iowa. We really want to know what’s happening HERE, for Palos Verdes homes. Here’s the latest information in chart form; it shows Palos Verdes home sale prices (on a dollar per square foot basis) since the peak of our market in the 3rd/4th quarter of 2006 through today. You are welcome to visit my website for more Palos Verdes real estate trends. |
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Ocean View Real Estate in Rancho Palos Verdes CA
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