Figuring out where to live on the Peninsula is not just about studying Palos Verdes Home Values. It’s about what the different sides of the Peninsula do for you in terms of commuting factors, proximity and driving distance for schools, temperature, cultural and demographic considerations, and equestrian issues to name just a few.

It’s not a real estate broker’s job to make those value decisions for you, but what is our job is to point out some facts that may be important when it comes time to make a decision about where you want to live. Over the years, my clients ask me about the east side of the Palos Verdes Peninsula and the west side of the Palos Verdes Peninsula. Is there a difference? Does one side appreciate more than the other? When the market cycles downward, does one side of the Palos Verdes Peninsula fare better than the other.

I’ve never seen a study done on this, so I guess the old saying is true, “When you want the job done right, do it yourself”. So I did.

Without making any judgments whatsoever, understand I’m just presenting the facts.

• Data: CRMLS (our local multiple listing service and the sales reported to it by Realtors)
• Geographical Description: Rancho Palos Verdes home values only (excludes Palos Verdes Estates, Rolling Hills and Rolling Hills Estates. This was done so as to now skew the data for city considerations)
• Property Type: Single Family Residences only

Palos Verdes Home Values chart – What did I find?

We see that in the ’90s and until about 2004, the two sides of the Peninsula performed fairly closely. But then, beginning in 2004, the west side of the Peninsula started appreciating faster and Palos Verdes home values on the west side of the Peninsula sustained themselves, albeit with volatility, for a longer period of time. Beginning in 2007, Palos Verdes home values started dropping, and while the west side of the Peninsula between August of 2007 and December of 2009, fell faster than the east side of the Palos Verdes Peninsula, the Palos Verdes real estate market recovered faster on the west side of the Peninsula.

Palos Verdes Real Estate Market Cycles

In fact beginning in May of 2012, Palos Verdes home values on the west side of the Palos Verdes Peninsula began appreciating at a significant rate while the east side of the Palos Verdes Peninsula continued to fall. It wasn’t until early this year that the east side of the Peninsula experienced appreciation for Palos Verdes home values.

Well, the natural follow up questions, there are two, are:

• Why is there a difference?
• And can we expect this pattern to continue for the next 5-20 years?

Send me an email, text or give me a call and let’s talk about it.

Meanwhile, go to my home page and use the tools by hovering your cursor over the “What’s My Home Worth” tab shown here:

or you can follow these links:

• CoreLogic
• SmartHomePrice

Palos Verdes Homes Search using SpatialMatch Lifestyle Finder

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Original Content for Palos Verdes Foreclosures Report

George Fotion

I found an article you might have interest in reading concerning tax changes for 2014 and what the effect these changes may have on Palos Verdes homes.  Original content for this article is found here: http://www.homeispalosverdes.com/tax-changes-2014-might-effect-palos-verdes-homes/

• Mortgage insurance premiums deduction
• Discharge of indebtedness on principal residence exclusion – See more at: http://www.inman.com/2013/12/03/tax-breaks-real-estate-pros-and-their-clients-should-be-prepared-to-do-without-in-2014/#sthash.MFjyUCQS.dpuf
• Tax credit for qualified energy efficiency improvements to principal residence – See more at: http://www.inman.com/2013/12/03/tax-breaks-real-estate-pros-and-their-clients-should-be-prepared-to-do-without-in-2014/#sthash.MFjyUCQS.dpuf
• Section 179 expensing deduction
• Bonus depreciation
• Energy-efficient commercial buildings deduction
• Credit for construction of new energy-efficient homes – See more at: http://www.inman.com/2013/12/03/tax-breaks-real-estate-pros-and-their-clients-should-be-prepared-to-do-without-in-2014/#sthash.MFjyUCQS.dpuf
• Obamacare tax on sale of home which isn’t new for 2014 but is worth noting as it could be very, very expensive

Tax Consequences for Palos Verdes Homes

To read the complete article, please visit this site: http://www.inman.com/2013/12/03/tax-breaks-real-estate-pros-and-their-clients-should-be-prepared-to-do-without-in-2014/

And of course before making any decisions, do consult a tax professional.

Meanwhile, please feel welcome to visit this site for more articles on Palos Verdes homes and the real estate market for Palos Verdes and the South Bay. And if you would like to use the proprietary map based Palos Verdes Homes search map (includes the ability to find closed sales), click the map below

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Original Content for Palos Verdes Foreclosures Report

George Fotion

I’ve been really thinking about how the computer models look at Palos Verdes home values, whether it be Zillow or Core Logic or Smart Home Price or any of the other many different models that are out there.

Intuitively we know that a simple computer, as wonderful as technology is, can’t nuance the value as perceived by a human being in these categories:

• View (Palos Verdes homes have some view, no view, ocean view, coastline views, city views and by the way here’s a study I did on Palos Verdes home values as it pertains to views)
• Condition of Home as some homes are original and others massively remodeled and what does that do to Palos Verdes home values
• Lot Utility and how the degree of slope effects Palos Verdes home values
• Micro Location differences such as a home on Via La Selva and an “exact” property on PVDN, albeit both in Valmonte, will have different values

Palos Verdes Home Values

The chart above gets right to the matter. You can see how the reality for Palos Verdes home values is far different than that of what a computer says. Here’s the table from which I obtained the data for this analysis.

Now, all that being said, the computer models can be a useful tool to use and I have three different models that you can use all of which can be used as checks and balances against one another. You can start by going to my 4 Power Tools page

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George Fotion on Google+

Original Content for Palos Verdes Foreclosures Report

George Fotion

Search for Palos Verdes homes and learn more about Palos Verdes home values and Palos Verdes Real Estate market trends here: