California Real Estate Market Update August 2015

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The California Association of Realtors yesterday posted the results of their research for the California real estate market and the big headline is that July home sales climbed to their highest level in just about 3 years.

California Real Estate Market July 2015 Report from bestpalosverdeshomes on Vimeo.

So how does the Palos Verdes real estate market compare to the state?  What’s remarkable is how different the Palos Verdes real estate market is from the California real estate market.  Whereas for the state, sale volume is up, for the Palos Verdes area, home sale volume is WAY down.  The opposite is true for prices.  It will be interesting to see what the future brings.  Keep checking my blog for future updates

Sale Volume
  California Palos Verdes
July 2015 change from June 2015 2.70% -17.20%
July 2015 change from July 2014 12.70% -21.20%
 
Sale Prices
  California Palos Verdes
July 2015 change from June 2015 -0.30% 8.70%
July 2015 change from July 2014 5.40% 25.82%

 

california real estate market trends
California Real Estate Market

 

For release:
August 18, 2015

July home sales climb to highest level in nearly three years as prices remain near recent high

– Existing, single-family home sales totaled 449,530 in July on a seasonally adjusted annualized rate, up 2.7 percent from June and 12.7 percent from July 2014.

– Statewide sales were above the 400,000 mark for the fourth straight month.

– July statewide median home price was $488,260, down 0.3 percent from June but up 5.4 percent from July 2014.

– Available housing supply remains constrained at 3.3 months of inventory.

LOS ANGELES (Aug. 18) – Sustained job and income growth gave home buyers the confidence in July to jump into the California housing market, pushing home sales to their highest level in nearly three years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Home sales have risen year over year for six straight months.

Home sales remained above the 400,000 mark in July for the fourth consecutive month and rose to highest level since October 2012. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 449,530 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the July pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

The July figure was up 2.7 percent from the revised 437,680 level in June and 12.7 percent compared with home sales in July 2014 of a revised 398,980. The year-to-year change was the highest since July 2009 and significantly higher than the 6-month average increase of 6 percent observed from January 2015-June 2015.

“While July home sales rose at the statewide level, the market is still constrained by low housing affordability and a tight supply in areas where job growth is robust, such as San Francisco and San Jose,” said C.A.R. President Chris Kutzkey. “Neighboring regions such as Napa, Solano, and Sonoma are experiencing strong sales due to their affordability and proximity to job centers. However, housing affordability could become a bigger issue in these areas if housing demand continues to grow but supply can’t keep pace.”

The median price of an existing, single-family detached California home dipped 0.3 percent in July to $488,260 from $489,640 in June.  July’s median price was 5.4 percent higher than the revised $463,330 recorded in July 2014. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“Home price appreciation has been moderating since the second half of 2013,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “The recent monthly dip in the statewide median price, however, reflects the ongoing differential in sales between the coastal and inland regions. The Central Valley has been experiencing sales growth in the double-digits over the last three months, while Bay Area home sales have grown half that rate during the same time frame. As a result, more lower-priced properties have sold in recent months, and this change in the mix of sales is keeping the increases in the statewide median price subdued.”

Other key points from C.A.R.’s July 2015 resale housing report include:

• While sales continued to improve from last year at the state level, the number of active listings dropped modestly from last year. Statewide, active listings increased 3.3 percent from June but dropped 4.5 percent from July a year ago. Regionally, the number of active listings increased 1.7 percent in the Central Valley but declined 4.1 percent in Southern California, and 13.3 percent in the Bay Area.

• The July Unsold Inventory Index was unchanged from June, remaining at 3.3 months, but down from 3.8 months in July 2014. The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate. A six- to seven-month supply is considered typical in a normal market.

• The median number of days it took to sell a single-family home rose slightly in July to 35.1 days compared with 33.4 days in June but was down slightly from 35.9 days in July 2014.

• According to C.A.R.’s newest housing market indicator which measures the sales-to-list price ratio*, properties are again generally selling below the list price, except in the San Francisco Bay Area, where a lack of homes for sale is pushing sales prices higher than original asking prices.  The statewide measure suggests that homes are selling at a median of 98.8 percent of the list price, slightly up from 98.5 percent at the same time last year. The Bay Area is the only region where homes are selling above original list prices due to constrained supply with a ratio of 105.2 percent, up from 103.4 percent a year ago, but down from 106.3 percent in June.

• The average price per square foot** for an existing single-family home was $228 in July 2015, up from $226 in June and $220 in July 2014.  Price per square foot at the state level has been on an upward trend since early 2012, and has been rising on a year-over-year basis for 42 consecutive months.  In recent months, however, the growth rate in price per square foot has slowed down as home prices level off.  San Francisco County had the highest price per square foot in July at $804/sq. ft., followed by San Mateo ($748/sq. ft.), and Santa Clara ($574/sq. ft.).  The three counties with the lowest price per square foot in July were Siskiyou ($112/sq. ft.), Glenn ($118/sq. ft.), and Kings ($119/sq. ft.).

• Mortgage rates increased in July, with the 30-year, fixed-mortgage interest rate averaging 4.05 percent, up from 3.98 percent in June and 4.13 percent in July 2014, according to Freddie Mac.  Adjustable-mortgage interest rates ticked down in July, averaging 2.52 percent, down slightly from 2.54 in June and 2.39 percent in July 2014.

Graphics (click links to open):

July sales at-a-glance infographic.
Change in sales by price range.
Share of sales by price range.
Sales to active listings ratio.
Sales to list ratio.
Price per square foot.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  Due to the low sales volume in some areas, median price changes June exhibit unusual fluctuation. The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions.  The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 33 counties.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

July 2015 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

July-15 Median Sold Price of Existing Single-Family Homes   Sales
State/Region/County Jul-15 Jun-15   Jul-14   MTM% Chg YTY% Chg MTM% Chg YTY% Chg
CA SFH (SAAR) $488,260 $489,640 r $463,330 r -0.3% 5.4% 2.7% 12.7%
CA Condo/Townhomes $386,740 $393,340 r $375,210 r -1.7% 3.1% 1.0% 15.4%
Los Angeles Metro Area $449,940 $447,180   $421,190 r 0.6% 6.8% -1.8% 16.5%
Inland Empire $294,790 $297,230   $276,270 r -0.8% 6.7% -2.5% 15.3%
S.F. Bay Area $831,290 $833,330   $762,150 r -0.2% 9.1% 0.2% 5.2%
                   
S.F. Bay Area                  
Alameda $810,640 $814,480   $722,620   -0.5% 12.2% 3.9% 6.2%
Contra-Costa (Ctl. Cty.) $746,040 $839,910   $792,240   -11.2% -5.8% -10.2% -3.3%
Marin $1,057,140 $1,163,460   $1,029,760   -9.1% 2.7% 1.3% 9.7%
Napa $655,610 $641,670   $650,000   2.2% 0.9% 20.8% 34.8%
San Francisco $1,312,500 $1,339,290   $1,094,590 r -2.0% 19.9% 8.6% 0.0%
San Mateo $1,300,440 $1,300,000   $1,117,500   0.0% 16.4% 2.8% -6.7%
Santa Clara $965,000 $990,000   $860,750   -2.5% 12.1% -2.5% 5.3%
Solano $360,690 $359,930   $335,870   0.2% 7.4% -3.4% 15.4%
Sonoma $570,190 $573,640   $510,110   -0.6% 11.8% 7.7% 10.8%
Southern California                  
Los Angeles $486,310 $469,030   $461,290   3.7% 5.4% -3.7% 14.2%
Orange County $722,170 $716,730   $695,270   0.8% 3.9% 2.0% 21.3%
Riverside County $338,510 $337,380   $319,960   0.3% 5.8% -6.0% 14.4%
San Bernardino $230,180 $231,300   $217,300 r -0.5% 5.9% 3.6% 16.7%
San Diego $562,650 $569,530   $523,070   -1.2% 7.6% -3.8% 25.1%
Ventura $622,580 $634,190   $585,830   -1.8% 6.3% 2.6% 23.3%
Central Coast                  
Monterey $479,500 $485,000   $445,000   -1.1% 7.8% 13.0% 24.9%
San Luis Obispo $520,650 $534,650   $490,540   -2.6% 6.1% 6.3% 20.5%
Santa Barbara $667,680 $746,320   $685,480   -10.5% -2.6% 14.5% 34.6%
Santa Cruz $750,000 $726,000   $725,000   3.3% 3.4% 0.9% 16.9%
Central Valley                  
Fresno $223,860 $223,150   $201,530   0.3% 11.1% -5.5% 19.7%
Glenn $180,000 $253,120   $145,000   -28.9% 24.1% 33.3% 25.0%
Kern (Bakersfield) $229,700 $220,000 r $210,050 r 4.4% 9.4% -0.4% 0.4%
Kings County $196,000 $195,380   $175,450   0.3% 11.7% -11.1% 39.1%
Madera $219,320 $199,000   $220,000 r 10.2% -0.3% 45.3% 42.6%
Merced $199,280 $206,080   $173,640   -3.3% 14.8% -7.4% -10.1%
Placer County $392,080 $402,870   $381,040   -2.7% 2.9% -9.0% 11.8%
Sacramento $292,950 $295,310   $276,190   -0.8% 6.1% -3.1% 11.4%
San Benito $450,000 $479,000   $415,000   -6.1% 8.4% 11.3% 25.5%
San Joaquin $288,700 $296,030   $259,900   -2.5% 11.1% -3.8% 14.0%
Stanislaus $250,360 $249,670   $230,040   0.3% 8.8% 5.8% 27.5%
Tulare $187,100 $194,170   $174,670   -3.6% 7.1% -3.1% 5.2%
Other Counties in California                  
Amador         $275,000        $256,250   $247,500   7.3% 11.1% 10.0% 41.0%
Butte County $269,290 $253,660   $243,380 r 6.2% 10.6% -8.5% 3.4%
Calaveras $275,890 $256,580         $240,790 r 7.5% 14.6% 21.4% 40.4%
Del Norte $218,750 $212,500         $163,330 r 2.9% 33.9% -13.6% 0.0%
El Dorado County $419,230 $410,320   $385,160   2.2% 8.8% 17.1% 28.2%
Humboldt $269,790 $273,280   $247,000   -1.3% 9.2% 25.2% 16.2%
Lake County $226,470 $211,670   $174,540   7.0% 29.8% -24.3% 5.0%
Mariposa $262,500 $281,250   $300,000   -6.7% -12.5% 13.3% -5.6%
Mendocino $350,000 $300,000   $300,000   16.7% 16.7% -11.3% 19.6%
Nevada $327,270 $341,300 r $303,450 r -4.1% 7.8% 1.4% 20.7%
Plumas $256,250 $300,000 r $208,330 r -14.6% 23.0% 23.7% 113.6%
Shasta $229,230 $235,170   $216,460   -2.5% 5.9% 10.3% 19.1%
Siskiyou County $176,000 $152,860   $160,000   15.1% 10.0% 31.4% 21.1%
Sutter $232,760 $236,000   $225,000   -1.4% 3.4% 2.4% 13.5%
Tehama $202,270 $200,000   $165,000   1.1% 22.6% 2.6% -2.5%
Tuolumne $269,640        $248,610         $238,160   8.5% 13.2% 10.7% 7.8%
Yolo         $387,500 $393,590   $340,540   -1.5% 13.8% 13.9% 16.2%
Yuba $228,850 $226,320   $183,330   1.1% 24.8% 4.8% 25.7%

r = revised

July 2015 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

July-15 Unsold Inventory Index   Median Time on Market  
State/Region/County Jul-15 Jun-15   Jul-14   Jul-15 Jun-15   Jul-14  
CA SFH (SAAR) 3.3 3.3   3.8   35.1 33.4 r 35.9 r
CA Condo/Townhomes 2.6 2.7   3.4 r 34.6 31.0   36.5 r
Los Angeles Metro Area 3.6 3.6   4.1   46.2 45.7   45.8  
Inland Empire 3.9 3.8   4.4 r 49.0 50.1   48.8 r
S.F. Bay Area 2.0 2.0   2.4   36.3 34.9   36.3 r
                     
S.F. Bay Area                    
Alameda 1.8 1.8   2.1   47.1 46.1   48.1  
Contra-Costa (Ctl. Cty.) 2.2 2.0   2.3   49.4 47.7   50.1  
Marin 1.5 2.4   2.7   28.8 28.3   37.3  
Napa 3.2 4.2   4.8   49.9 45.8   54.0  
San Francisco 1.6 1.7   3.8 r 21.3 20.8   23.5 r
San Mateo 1.5 1.5   1.7   17.8 18.2   19.0  
Santa Clara 1.8 1.7   1.9   18.6 17.9   19.2  
Solano 2.7 2.6   2.9   40.6 41.8   37.5  
Sonoma 2.6 2.7   3.0   46.2 43.0   45.0  
Southern California                    
Los Angeles 3.4 3.4   3.8   41.1 39.8   39.8  
Orange County 3.4 3.4   4.2   49.4 48.2   53.1  
Riverside County 3.9 3.7   4.4   51.9 53.8   52.8  
San Bernardino 4.0 4.1   4.4 r 43.7 43.3   42.0 r
San Diego 3.2 3.2   4.4   22.8 22.7   24.7  
Ventura 3.6 3.7   3.8   53.7 51.2   49.3  
Central Coast                    
Monterey 3.3 3.7   4.2   27.5 26.2   27.9  
San Luis Obispo 4.1 4.4   5.0   36.9 25.8   28.2  
Santa Barbara 3.6 4.0   4.7   31.8 35.8   36.8  
Santa Cruz 2.6 2.5   3.1   25.0 21.1   24.1  
Central Valley                    
Fresno 4.3 4.0   4.8   27.0 25.6   27.9  
Glenn 4.0 5.3   6.4   25.2 28.2   50.3  
Kern (Bakersfield) 3.8 3.8   3.4 r 25.0 19.0   20.0  
Kings County 3.2 3.1   3.8   31.0 29.0   39.9  
Madera 6.0 8.8   4.8   46.8 70.3   69.3 r
Merced 4.0 3.8   3.3   29.3 32.4   29.8  
Placer County 3.1 2.7   3.6   23.7 22.3   25.5  
Sacramento 2.7 2.5   3.2   20.4 20.0   22.0  
San Benito 2.1 2.2   3.6   22.9 31.0   26.2  
San Joaquin 3.1 2.7   3.3   23.0 23.2   23.2  
Stanislaus 2.8 2.8   3.2   23.4 23.1   22.6  
Tulare 4.1 3.9   4.1   32.5 28.8   42.0  
Other Counties in California                    
Amador 4.4 4.9   6.2   63.1 39.7   52.8  
Butte County 4.1 3.5   4.3 r 32.0 31.0   29.5 r
Calaveras 5.5 6.9   7.5 r 49.7 48.0   41.5 r
Del Norte 8.7 7.6   9.6   105.5 105.5   109.1 r
El Dorado County 4.4 5.1   5.4   37.9 33.4   33.0  
Humboldt 4.3 5.5   5.9   28.9 39.2   44.0  
Lake County 6.5 4.7   6.3   88.3 65.6   57.2  
Mariposa 7.1 8.4   5.3   75.5 115.2   75.5 r
Mendocino 7.0 6.4   8.7   67.0 56.4   61.0  
Nevada 4.3 4.3   6.8   28.8 25.4   34.3 r
Plumas 10.1 12.4 r 23.4   108.7 123.8   73.4 r
Shasta 5.0 5.3 nbsp; 5.5   38.8 29.2   45.5  
Siskiyou County 8.1 11.7   11.4   78.4 53.8   53.4  
Sutter 2.8 2.8   3.9   29.3 27.4   39.7  
Tehama 6.7 6.6   6.0   55.2 43.9   66.8  
Tuolumne 5.7 5.9   6.7   52.0 22.4   33.2  
Yolo 2.5 2.8   3.0   21.8 22.1   19.8  
Yuba 3.2 3.2   3.9   25.1 24.9   27.0 r

r = revised

Palos Verdes Homes within 20% of the Mean Sale Price for July 2015 ($1,963,451)

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100 Terranea Way Unit 32-401 Rancho Palos Verdes, CA 90275

$2,350,000
3 Beds
3 Baths
2,100 SqFt
Status Active
MLS # PV16063366
Property Type Condominium
White water ocean view! The only upstairs eastside Oceanfront Casita resale at Terranea is a fabulous getaway home. Enjoy this fully furnished & professionally managed second home within award-winning 102-acre oceanfront Terranea Resort. 24-hour room service, 7 restaurants, 4 pools a 9-hole, par-3 golf course with ocean views from every hole, hiking trails, a 50,000 square-foot Spa & fitness center, Owners' Concierge, & President's Club are some of the amenities that come with owning this Casita. The world's easiest beach house is ready whenever you are. Entertain friends, family and clients with ease; since each bedroom can be locked off individually, there is flexibility in how this second home can be used and rented to others. This is fee-simple property, and due to California Coastal Commission restrictions, owners may sleep here up to two months per calendar year, so they select the dates whenever they want throughout the year. When not in residence, the owner makes the Casita available for other people to rent, either through the Resort or privately. Local owners enjoy the country club & beach club year 'round. This is a gorgeous second home for people who want to be lulled to sleep with the waves crashing outside their balconies.

52 Strawberry Lane Rolling Hills Estates, CA 90274

$2,350,000
4 Beds
4 Baths
2,556 SqFt
Status Active
MLS # PV17086508
Property Type Single Family Residence
Rare find on Strawberry Lane in Rolling Hills Estates, includes over 1 acre of useable land consisting of flower gardens for a beautiful view, PV stone patios for backyard parties, barn and corrals for the animal lovers. This modern country style house provides a quiet and private escape, yet has a prime location with easy access to multiple esteemed Palos Verdes School District schools from elementary through to high school, less then 10 minutes drive to the 110 freeway . The country living house has hardwood floors throughout, 2 living rooms with fireplaces, 2 dining areas, and a kitchen with granite countertops and custom pine cabinets. The main living quarters includes 2 bedrooms and a master bedroom with newly remodeled bathrooms. On the opposite side of the house is 1 more bedroom with attached remodeled bathroom perfect for guests to stay over and have some privacy. From the kitchen, dining rooms, and outdoor patio is a gorgeous view of the lush canyon below providing immense privacy and nature sanctuary feel. The barn is equipped with 3 stalls, a tackle room, coral, and access to the Rolling Hills Bridal Trail. Additional features include new windows, driveway, and sewer connection. This house is a perfect place to make a home; country living in the heart of South Bay. .

1460 Via Coronel Palos Verdes Estates, CA 90274

$2,350,000
4 Beds
4 Baths
3,595 SqFt
Status Active
MLS # PV17103091
Property Type Single Family Residence
Wonderful Upper Lunada Bay Ocean View Home. Good Open Floor Plan. High Ceilings, Skylight, Recently remodeled kitchen. Back yard is great for entertaining guests. Pool, Built-in Barbecue, Fire Pit, Gazebo, Sports Court and nice lawn with fruit trees.

5 Rockinghorse Road Rancho Palos Verdes, CA 90275

$2,349,000
4 Beds
5 Baths
3,930 SqFt
Status Active
MLS # PV17099737
Property Type Single Family Residence
Welcome to this one of a kind custom built Tuscan villa. Enter through a long driveway to a private oasis surrounded by lush landscaping and mature trees. Constructed in 2005, this tastefully designed home has a open and inviting floor plan that includes vaulted natural wood ceilings, walnut hardwood floors throughout the living areas, and travertine in the kitchen, bathrooms, and entry. A unique feature are the Honduran mahogany doors and windows throughout the home. The outdoor amenities include a negative edge infinity pool, built in bbq, pizza oven, and fire pit overlooking the harbor and city light view. An entertainers dream!

1492 Via Coronel Palos Verdes Estates, CA 90274

$2,338,000
5 Beds
4.5 Baths
3,783 SqFt
Status Active
MLS # PV17067786
Property Type Single Family Residence
Welcome to a beautiful 2 level 3,783 sq.ft. home located on a flat 17,189 sq.ft. lot. Lush landscaped front yard is facing a spectacular unobstructed views of the ocean and Catalina Island. Entry into a beautiful custom foyer of Crema Marfill marble which continues throughout the ground level. Custom marble fireplaces in Formal dinning room, family room with wet bar and master suite. There is also a Guest room with full bath and a Wine Room on the ground level. Exquisite gourmet kitchen, complete with Subzero appliances and a large center island with built-in Gaggenau gas/electric Stove top, steamer, fryer, griddle with 2 unique range hoods that rise and retract gracefully with a touch. Enjoy the sunset at the kitchen eating area with skylights, which lead to a large backyard with heated pool and a separate spa. A tranquil waterfalls to the koi pond and a gentle rolling hill on the manicured lawn with a huge outdoor party cabana for entertainment or quiet afternoon tea. The Master Suite upstairs has a high ceiling, ocean view, ceiling fan, spa tub, beautiful onyx stone vanity area and enormous walk-in closet. Adjacent is a formal library with custom built-in mahogany book shelves and a gym. Amazing 3-car garage with built-in mirrored cabinets, sink and storages. A true Palos Verdes living at its finest!

11 Casaba Road Rolling Hills Estates, CA 90274

$2,300,000
4 Beds
3.5 Baths
4,112 SqFt
Status Active
MLS # SR16751292
Property Type Single Family Residence
Casaba Estates by Emerald Homes A one of a kind property, this incredible home is privately located within Rolling Hills Estates! This beautiful new luxury home features 4,112 sqft of living space, including 4 bedrooms, 3.5 baths, 3 car garage, a 32,000 sqft pool size lot with private hillside views, and fully installed front yard landscaping. Extensively upgraded, this home includes a variety of beautiful features including quartz countertops, tile/mosaic backsplashes, upgraded wood floors throughout, and upgraded tile in all bathrooms. This home has the latest energy efficient features including a smart system, tankless water heater, dual AC, electric car outlets, and is prepped for solar. This home has a beautiful and open gourmet kitchen which features professional stainless top of the line Viking Appliances including a built in refrigerator , 6 burner range and cooktop, 3 ovens and professional hood, microwave and dishwasher, and a butler’s pantry. The living area is positioned with amazing views, a grand balcony, and privacy. The master bedroom including the three additional bedrooms are very spacious with private bathrooms and large closets. The downstairs features a grand game room and wet bar area. Sliding glass doors lead to the backyard; the home sitting on nearly an acre is the epitome of peaceful and serene. In a few words, A ONE OF A KIND PROPERTY!

704 Via Del Monte Palos Verdes Estates, CA 90274

$2,299,000
4 Beds
3.5 Baths
2,939 SqFt
Status Active
MLS # SB17039157
Property Type Single Family Residence
Reduced another $75K! A true gem on one of the most prestigious streets in Palos Verdes Estates! 4 bedroom, large, updated home in Malaga Cove with ocean views from almost every room. Enjoy cooking in the newly remodeled gourmet kitchen with high end appliances centered around a beautiful island. Formal dining room and living room with gas fireplace and custom entertainer's bar. Remodeled master bathroom makes you feel like you are at a spa with 3 more updated bathrooms throughout. Relax on one of the 2 expansive decks to take in the breathtaking ocean views. Or wander up the path in the backyard to grab some lemons and Queen's necklace views. Other high end amenities include newer heating and AC, plantation shutters on first level, private elevator from garage to upstairs, wired for alarm system, built in vacuum and much more. Convenient location to Malaga Cove Plaza market, restaurants, bank, shops, post office and library. You will be delightfully charmed in this one of a kind home!

100 Terranea Way Unit 28-401 Rancho Palos Verdes, CA 90275

$2,298,000
3 Beds
3 Baths
2,100 SqFt
Status Active
MLS # PV17103532
Property Type Condominium
Spectacular sunset ocean view! The only west sunset facing Oceanfront Casita for sale at Terranea is a fabulous getaway home. Close to Nelson's, the Spa & overlooking bungalows and lawn. Sunset view balconies on all 3 bedrooms & living room. Enjoy this fully furnished & professionally managed second home within award-winning 102-acre oceanfront Terranea Resort. 24-hour room service, 7 restaurants, 4 pools a 9-hole, par-3 golf course with ocean views from every hole, hiking trails, a 50,000 square-foot Spa & fitness center, Owners' Concierge, & Club are some of the Owners' amenities. The world's easiest beach house is ready whenever you are. Entertain friends, family and clients with ease. Each bedroom can be locked off individually, creating flexibility in how this second home can be used and rented to others. This is fee-simple property, and due to California Coastal Commission restrictions, owners may sleep here up to two months per calendar year, so they select any 60 nights whenever they want throughout the year. When not in residence, the owner makes the Casita available for other people to rent, either through the Resort or privately. Local owners enjoy the country club & beach club year 'round. This is a gorgeous 2nd home; enjoy spectacular sunsets & a Catalina Island view with all the luxuries of a world class resort.

2540 Via Olivera Palos Verdes Estates, CA 90274

$2,250,000
4 Beds
3.5 Baths
3,562 SqFt
Status Active
MLS # PV17036973
Property Type Single Family Residence
Nestled in a quiet street in the sought after Upper Lunada Bay area is Casa Olivera, a European style home with spectacular ocean and sunset views! This updated residence boasts new paint, new carpet, a brand new chef’s kitchen and a brand new resort style master bathroom. It also has lavish use of limestone floors, stately crown moldings, ceiling to floor windows and walk-in closets in all bedrooms. The beautiful journey begins from the ornamental wrought iron entrance to the limestone landing area and hallway, which lead to the 2-story vaulted ceiling living room with fireplace on one side and the inviting dining room on the other side. Both have matching large wrought iron chandelier and open balcony to capture the ocean views outside. The new kitchen has a walk-in pantry, quartz counter-tops, soft-hinge cabinets and new stainless steel appliances, including a 6-burner top Viking stove and a built-in Subzero fridge; a breakfast room is next to it for casual dining. Continue to relax in the oversized family room with a cozy fireplace, wet bar & wine fridge, or enjoy outdoor living in the center courtyard through the French doors. On the upper floor is the master bedroom with spectacular view, balcony and the huge bathroom. There is a 2nd bedroom en-suite and 2 other bedrooms that share a hallway bath. This home is surrounded by lush landscape and built around a large courtyard with lots of privacy. True to its European style and characters, this house is a jewel in PVE.

34 Chuckwagon Rolling Hills, CA 90274

$2,250,000
4 Beds
3 Baths
3,028 SqFt
Status Active
MLS # PV17040253
Property Type Single Family Residence
Charming one level ranch home with a circular driveway greets you in this exclusive private gated community. Inviting front courtyard meets you before the double door entry to reveal the new hardwood floors, new carpet and new paint in this easy floor plan of four bedrooms, three bathrooms and three fireplaces. Ocean, city, canyon, and hill views will captivate you as you arrive to this 1.6 acre quiet, private and tranquil setting. There are cathedral ceilings, a large skylight in the peninsula style kitchen and plenty of room to roam. Formal living room with enormous PV stone fireplace, formal dining room right off the kitchen and cozy family room with another stone fireplace and wet bar. This property will bring you back to the good old days when life in the country was what everyone envied. Grab a glass of lemonade and enjoy one of the many patios to listen to the birds chirp, the wind swirl and watch life slowly go by!

1421 Via Davalos Palos Verdes Estates, CA 90274

$2,249,000
4 Beds
3.5 Baths
3,744 SqFt
Status Active
MLS # SB17033414
Property Type Single Family Residence
Overlooking Lunada bay, this beautiful custom-built home has panoramic ocean view from all major rooms. Double-door entry to ocean facing decks. Vaulted ceilings combine with skylights and a open floor plan. Home is perfect for those who love to entertain and enjoy sunset views, chefs kitchen to cook those special meals. All 4 rooms are on the lower level and also have ocean views and a shared deck, 1 master bedroom with separate tub and shower, 1 master with shower and 2 rooms that share a bathroom with separate shower and tub. plenty of storage on both levels of the home. both levels of the home have plenty of storage. House is currently leased by listing agent who will vacate.

24 Harbor Sight Drive Rolling Hills Estates, CA 90274

$2,249,000
4 Beds
3.5 Baths
4,160 SqFt
Status Active
MLS # WS17071697
Property Type Single Family Residence
Newly remodeled single family house sits above a canyon trail, has a stunning view from downtown LA to the mountains. The entrance welcomes you with vaulted high ceiling. New wood floor through the property with sunlights coming through the windows. The large landscaping, comes with spacious family room, loft, and an extra large room for entertainment. The decks look out over the city, canyon, and pastoral views. Kitchen features remodeled granite counter top, centered island, breakfast area. The huge master suite with newly installed wood floor, comes with a fireplace, two walking closets, and a modern bathroom with the automatic blinds that gives you the option of privacy or gorgeous view at the click from your finger tip. When you walk outside to the garden, you will find yourself overlooking the city, with beautiful views during the night time as well. The oversized garage fits 3 cars with a large storage area next to it. This will definitely be a beautiful investment and your dream home.

30719 Cartier Drive Rancho Palos Verdes, CA 90275

$2,199,000
4 Beds
4.5 Baths
2,966 SqFt
Status Active
MLS # PV17092791
Property Type Single Family Residence
Beautiful Italian Style Villa that boasts SPECTACULAR OCEAN & CATALINA VIEWS. This spacious one level is situated on a LARGE LOT in the highly desirable Monaco neighborhood. Turnkey floor plan with upgrades that include newly upgraded kitchen and bathrooms. Two fireplaces in living room and family room. Huge entertaining rear yard with sparkling pool & spa and fire pit. Fabulous location in walking distance to Golden Cove Plaza and just minutes to Terranea Resort, Los Verdes Golf Course, parks, walking trails and award-winning schools.

70 Sea Breeze Avenue Rancho Palos Verdes, CA 90275

$2,199,000
3 Beds
3 Baths
3,365 SqFt
Status Active
MLS # SB17066720
Property Type Single Family Residence
WHAT A BEAUTIFUL ONE-LEVEL SEA BREEZE COMMUNITY! Wonderful view of Catalina Island! Elegantly decorated large entry with high ceiling which lead to the large open kitchen and family room. The very spacious kitchen features a huge granite topped island, breakfast nook and customized curtains throughout entire home. Spacious family room for entertaining and family living. The luxurious master suite has huge walk-in closet with lovely sitting area and a bath with two vanities, separate tub and shower. French door leads you to the beautiful and tranquil backyard where costumed built swimming pool & water fall. Second & third bedroom shares Jack & Jill bathroom with separate vanities. There are two garages; one-car and two-car loaded with lots storage space. Located close to hiking trails, parks and golf. MUST TO SEE TO APPRECIATED!

3467 Newridge Drive Rancho Palos Verdes, CA 90275

$2,199,000
4 Beds
4.5 Baths
3,760 SqFt
Status Active
MLS # PV17099566
Property Type Single Family Residence
View, View, View! Unobstructed and clear Ocean, Coastline, City Lights and Mountain views from Downtown LA to Dana Point! This 4 bed, 4 and half bath home with over 3700 sq ft, is located in a private and quiet cul-de-sac street in an award winning Palos Verdes Unified School District. This custom built contemporary home has recently been extensively remodeled with high end and top of the line material and workmanship. Attention to details shows in every room. Enter into 8 ft glass custom built Wrought Iron double doors into a large and high ceiling formal living room. Brand new Kitchen anchored by an oversize island is an open culinary center that becomes one with the great room, perfect for friend family gatherings of all sizes. From living room step on to a 66 foot long deck and enjoy the spectacular view. Adjacent to the deck and the kitchen, enjoy the brand new outdoor BBQ area. Enjoy the gorgeous view while entertaining the guests. The guest master suite upstairs is large with beautifully remodeled bathroom and large walk-in closet. Lower level master Suite, remodeled with an entertainer’s ensuite and also accommodates two other bedrooms each with their own full bathroom. Retreat to your own private spa, elaborate bath feature the latest in high-end lighting, fixtures, finishes. All 3 bedrooms downstairs have amazing views. On this level, also enjoy a built in Waterfall next to an outdoor Lounge area with heaters to keep you warm while enjoying the Panoramic View.

23 Chuckwagon Road Rolling Hills, CA 90274

$2,195,000
3 Beds
3 Baths
2,222 SqFt
Status Active
MLS # PV16131934
Property Type Single Family Residence
BUILD YOUR DREAM HOME OR RENOVATE THIS CLASSIC ONE LEVEL ROLLING HILLS RANCH HOUSE. ORIGINAL RANCH WITH 3 BEDROOMS AND THREE BATHROOMS. KITCHEN UPDATED IN THE LATE 1980's. NEW WINDOWS AND SLIDING DOOR IN PART OF THE HOME AND NEW FLOORING IN OTHER AREAS. HOME RECENTLY REPAINTED AND ALWAYS WELL MAINTAINED WITH NEWER ROOF AND FURNACE. FAMILY ROOM AND LIVING ROOM FEATURE LARGE FIREPLACES WITH HEARTHS. FAMILY ROOM OPENS TO A WIDE BRICK VERANDA THAT FACES A BEAUTIFUL CITY LIGHT, MOUNTAIN, DOWNTOWN LOS ANGELES AND SOME HARBOR OCEAN VIEWS. LOT FEATURES TWO LEVEL PADS AND CURRENT HOME CAN BE EXPANDED. LOCATED IN THE PRIVATE CITY OF ROLLING HILLS WITH ACCESS TO 50 MILES OF TRAILS, TWO WELL MAINTAINED RIDING RINGS AND THREE COMMUNITY TENNIS COURTS WITH PICNIC AREA. PRIVACY AND NATURE SURROUND YOU! CLOSE TO THE EASTFIELD GATE AND FREEWAYS TO DOWNTOWN LOS ANGELES. QUIET AND PEACEFUL.

4 Palomino Lane Rolling Hills Estates, CA 90274

$2,195,000 - 5Br/4Ba -  for Sale in Rolling Hills Estates
New
$2,195,000
5 Beds
4 Baths
3,459 SqFt
Status Active
MLS # PV17115288
Property Type Single Family Residence
This gorgeous home is in one of Rolling Hills Estates finest neighborhoods located in the heart of the city off Rolling Hills Road. This neighborhood is surrounded by trails and has easy access to and from the hill. This is one of the brightest, happiest, one story rambling ranch homes we've seen! The home features: vaulted ceilings through the living spaces, sparkling hardwood floors, loads of skylights, huge walls of windows and many doors leading you to the backyard! This home is an entertainer's delight as it completely lives to the enormous backyard(with direct trail access), with a gorgeous pool, spa, and built in BBQ. Other features of the home include:gourmet kitchen with beautiful white cabinets accented with pretty granite counter tops, stainless steel appliances, double ovens, and breakfast area. Huge great room with fireplace, large dining area and living room with fireplace give you loads of space to relax or entertain! The large master bedroom has a fabulous remodeled bathroom, his and her walk-in closets, and opens to a private side yard. There is an office, 4 additional bedrooms, 2 other completely remodeled bathrooms and a remodeled guest bath. The home was recently painted throughout as well. NOW THE GUEST QUARTERS... The wonderful, private living quarters has 1bd/1bath/Living room/kitchenette/private entrance in approx 450 sf above the 3 car garage.(there is a motorized chair if needed for easy access to the unit)

2209 Via Guadalana Palos Verdes Estates, CA 90274

$2,188,000
5 Beds
5.5 Baths
3,758 SqFt
Status Active
MLS # PV17076067
Property Type Single Family Residence
Located in the charming Monte Malaga community of PVE w/ 5 bdrm/6ba. Almost completely rebuilt in 1996. Lovely City, coastline, ocean, and downtown LA views! Great curb appeal w/ colorful rose garden, professional landscaping and a circular driveway that provides ample parking. The living room has custom tray ceilings with a fireplace and built-in window seat. The great room is the center of gathering and entertaining. It has a large gourmet kitchen, a warm brick fireplace and opens up to the huge patio in the backyard. Just around the corner of the great room is the spacious dining room with a beautiful chandelier, and a private study is on the other end.The master suite has his & her closets on each side, a bidet, and a separate Jacuzzi tub/shower. Every bedroom has their own bath. You’ll be delightfully surprised as you go upstairs to see how big the bonus room is that was built 2010. It can be used for multiple purposes such as a guest suite, in-law quarters, or media room; it has a kitchenette, bathroom, custom cabinetry, Murphy bed and a huge walk-in storage rm. Addt'l features include central air, pocket doors, custom cabinetry, wooden shutters, recessed lighting, and hardwood floors.The low maintenance backyard is very private and offers a perfect space for entertaining. It has a built-in BBQ, huge trellis, and great views.This home is within walking distance to MonteMalaga Elementary, is one of the best! Is this the home that you have been waiting for? Price to sell!

2331 Sunnyside Ridge Road Rancho Palos Verdes, CA 90275

$2,180,000
4 Beds
4 Baths
3,451 SqFt
Status Active
MLS # WS17073288
Property Type Single Family Residence
Beautifully landscaped with private courtyard entry. Completely rebuilt in 2001. Great city light, harbour, and mountain views. A fabulous master suite with a large master bath, huge walk in closet, and beautiful view from the master bedroom. The great room includes a gourmet kitchen with breakfast area opening to patio and garden. Beautiful formal dining room, and living room with home entertainment system. All rooms are light, bright and with windows to enhance the views. There is a separate family room/office with fireplace. The garage is the ultimate finished garage.

30182 Cartier Drive Rancho Palos Verdes, CA 90275

$2,180,000
4 Beds
3.5 Baths
4,192 SqFt
Status Active
MLS # PV16121656
Property Type Single Family Residence
MAJESTICALLY SITUATED ON TOP OF THE HILL TO ENJOY THE SWEEPING OCEAN VIEW! STUNNING PANORAMIC VIEW HOME LOCATED ON A PALM TREE LINED STREET IN BEAUTIFUL MONACO area of RPV. A DIFFERENT EXTRAORDINARY SUNSET VIEW EVERY DAY!! THIS 4 BED+ DEN ( CAN BE USED AS 5TH BR. HOME FEATURES EXPANSIVE VIEWS FROM CATALINA TO MALIBU. FROM ALMOST EVERY ROOM IN THE HOME. FABULOUS FLOOR PLAN WITH ALL THE LIVING AREAS ON THE FIRST FLOOR WHICH INCLUDES A LARGE, ELEGANT LIVING ROOM, FORMAL DINING ROOM, RELAXING FAMILY ROOM W/FIREPLACE, SEPARATE LIBRARY AND KITCHEN W/GRANITE COUNTERS, STAINLESS STEEL APPLIANCES AND A BREAKFAST NOOK. BEAUTIFUL MARBLE FLOORS AND CUSTOM STAIR RAILS LEAD YOU TO A PRIVATE SUITE ON THE SECOND LEVEL.THE THIRD LEVEL HAS A LOVELY LANDING WITH 3 OTHER BEDROOMS. MASTER SUITE WITH A LUXURIOUSE BATH AND A SITTING AREA TO ENJOY THE BREATHTAKING VIEW. THE LOWER LEVEL CONTAINS THE HUGE 3-CAR GARAGE WITH A SPACIOUS STORAGE AREA, WHICH CAN ALSO BE USED AS A RECREATION ROOM. GREAT POTENTIAL. PRICED TO SELL.


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