Monday, February 28, 2011

Top Palos Verdes Real Estate Homes Palos Verdes Residential Brokers (Palos Verdes Real Estate Agents)

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Best Palos Verdes Real Estate | Property Management

PV Brokers Residential Real Estate is dedicated to providing quality management services to our Palos Verdes Real Estate clients. As a premiere service provider in Palos Verdes and the South Bay for Residential Property Management, PV Brokers provides the following services for Single Family Residences, Town homes, Condominiums, and up to four unit residential apartments:

World-Class customer service Comprehensive marketing programs Market surveys to determine optimum monthly rent Maintenance and asset preservation Tenant credit and criminal background checks Monthly deposit of rental collection into homeowner’s preferred account 24 hour emergency service Real Estate brokerage services if needed for the purchase or sale of your real estate Communication and Coordination between HOA Management and Rental Property Management Updated CAR Forms approved by National Association of Realtors

Management Fees

Our Fees will only be collected upon receipt of lease/rent payments. If your home is vacant we will find a well qualified tenant for a one-time leasing fee which includes confirmation of employment and credit and criminal background checks. A reserve fund is received and held in the Broker’s Trust account to quickly respond to maintenance issues. In the rare case of eviction, we outsource to an eviction service company with no markup on cost. No set-up fee is required. Yard signs are placed in strategic locations (where permitted) in order to attract attention to the property.

 


 

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For more information on homes for sale in Palos Verdes, Palos Verdes real estate, palos verdes homes for sale, palos verdes realtors, palos verdes real estate market information as well as quality information onhomes for sale in Rancho Palos Verdes, Palos Verdes Estates homes for sale, Manhattan Beach real estate,HermosaBeach real estate, Redondo Beach real estate, Torrance real estate, Palos Verdes real estate trends,and real estate trends in the Beach Cities, Palos Verdes Estates and the South Bay, visit www.pvbrokers.net

Monday, February 21, 2011

Palos Verdes Real Estate | Mortgage Update

Palos Verdes Real Estate Mortgage Update

Market Comment

Mortgage bond prices rose last week helping mortgage interest rates fall. Weaker than expected industrial production data helped start the week on a positive note for lower rates. Retail sales rose 0.3%, weaker than the expected 0.5% increase and very bond friendly. We were very fortunate to have rates hold mid week despite higher than expected core inflation at the producer and consumer levels. Inflation readings finally started to show what most analysts and consumers have known for some time. Higher than expected jobless claims and weaker than expected leading economic indicators data Thursday kept rates moving in the right direction. Mortgage bonds ended the week positive by a favorable 1/2 of a discount point.

The Treasury will have another round of auctions this week. If demand falters rates could be adversely affected.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

President's Day

Monday, Feb. 21

None

Bond market closed in observance of President's day

Consumer Confidence

Tuesday, Feb. 22,
10:00 am, et

63.0

Important. An indication of consumers? willingness to spend. Weakness may lead to lower mortgage rates.

2-year Treasury Note Auction

Tuesday, Feb. 22,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

5-year Treasury Note Auction

Wednesday, Feb. 23,
1:15 pm, et

None

Important. $35 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Weekly Jobless Claims

Thursday, Feb. 24,
8:30 am, et

410k

Important. An indication of employment. Higher claims may result in lower rates.

Durable Goods Orders

Thursday, Feb. 24,
8:30 am, et

Down 0.8%

Important. An indication of the demand for ?big ticket? items. Weakness may lead to lower rates.

New Home Sales

Thursday, Feb. 24,
10:00 am, et

Up 1.9%

Important. An indication of economic strength and credit demand. Weakness may lead to lower rates.

7-year Treasury Note Auction

Thursday, Feb. 24,
1:15 pm, et

None

Important. $29 billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.

Q4 GDP second estimate

Friday, Feb. 25,
8:30 am, et

Up 3.3%

Important. The aggregate measure of US economic production. Weakness may lead to lower rates.

U of Michigan Consumer Sentiment

Friday, Feb. 25,
10:00 am, et

75

Important. An indication of consumers? willingness to spend. Weakness may lead to lower mortgage rates.

Consumer Confidence

The Conference Board releases the Consumer Confidence Index on the last Tuesday of every month. The report details the levels of confidence individual households have in the performance of the economy. The data is derived from a survey of 5,000 households nationwide. The survey polls consumer opinions on current business conditions, their jobs, their incomes, and their future spending plans.

The consumer confidence index is significant in that it provides a precursor into consumers? willingness to spend in the months ahead. However, many analysts point out that willingness to spend does not always convert to actual expenditures

This week?s release will be eagerly anticipated. Look for any variation from estimates to cause mortgage interest rate volatility. Signs of eroding consumer confidence could lead to improvements in mortgage interest rates. However, stronger than expected figures could spike rates higher.

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PV Brokers provides residential real estate services in the Los Angeles County South Bay communities of Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Hermosa Beach, Manhattan Beach, Torrance and San Pedro. As a boutique Realty, our Palos Verdes Real Estate agents and palos verdes brokers are committed to giving our clients specialized service and attention. For more information on Palos Verdes real estate, palos verdes homes for sale, palos verdes foreclosures, homes for sale in Palos Verdes, palos verdes market information in addition to quality information on homes for sale, visit www.pvbrokers.net .

 

 

 

 

                                  

     

              Where Integrity Meets Experience
                             310.872.0778  c
                             310.684.3156  o   
                          www.pvbrokers.net
             

                  www.palosverdesrealtors.net                          

Thursday, February 10, 2011

Palos Verdes Real Estate and South Bay Homes For Sale | 4th Quarter 2010 Trends

 

2010 Fourth Quarter Real Estate Trends for the Palos Verdes Peninsula

Compared to the prior year, sales volume was down approximately 25 percent as real estate market activity for the Palos Verdes Peninsula continued to slow in the fourth quarter 2010.   Palos Verdes Estates was the only South Bay city showing sales colume gains in the quarter. Every other South Bay Beach city showed significant sales volume drops year over year.  The expiration of Federal and California tax incentives coupled with general consumer concerns about the economy, are likely the causes. Although rates remain historically low, obtaining financing remains challenging.  Buyers who can secure lender support, in our opinion, are taking advantage of a historically unique opportunity.  That is, rates remain low despite a significant decline in home values.

PRICE TRENDS:

Homes for sale on the Palos Verdes Peninsula are fetching approximately 97% of listing price. The average price per sq. ft. for Palos Verdes homes sold in the fourth quarter 2010 compared to the fourth quarter 2009, decreased approx. 2% overall, but varied city by city. Prices per sq. ft. are down approx. 18% on the Palos Verdes Peninsula from their peak in 2006. The median price of homes in Los Angeles County also decreased 2.7% over the prior year´s quarter. South Bay home prices, converselyt have decreased far less than other areas in Southern California .  This is, primarily, due to the pricing power of these areas in comparison to Riverside and the inland empire facing continued foreclosures.  The chart below shows the average price per foot of Palos Verdes properties :

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Dec. 10 Nov. 10 % Change Dec. 10 Dec. 09 % Change Oct. 10 to Dec. 10 Oct. 09 to Dec. 09 % Change
Avg. Sq. Ft. Price 497 472 5.3% 497 517 -3.8% 483 493 -2%

The following is a chart of the number of homes for sale, sold, and currently in escrow ( Pended)  on the Palos Verdes Peninsula:

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Dec. 10 Nov. 10 % Change Dec. 10 Dec. 09 % Change Oct. 10 to Dec. 10 Oct. 09 to Dec. 09 % Change
For Sale 185 217 -14.7% 185 182 1.6% 217 208 4.3%
Sold 45 18 150% 45 45 0%     36 48 -24.5%
Pended 45 40 12.5% 45 28 60.7% 43 41 4.9%

 

INVENTORY – The total inventory of single family homes for sale in the cities listed above is significantly higher compared to the prior year but still averages only 4 months of inventory. For most of the last two decades, L.A. County has averaged an 8 month inventory. Homes in the lower end of the price range in the higher priced markets have also been selling faster than the higher priced homes.

The figures included in the table below are only for the three months in the 4th Quarter for each year:

                            
  Location 2010 4th Qt Sales Price Per Sq.Ft. 2010 4th Qt # of Houses Sold % Change from 4th Qtr. 2009  Sales Price Per Sq. Ft. % Change from 4th Qtr. 2009  Sales Volume   Months  Inventory
Palos Verdes Estates               $563      34        ( 4%)        17%           6
RPV, RHE & PVP                 431      70        ( 5%)      ( 44%)           5
Rolling Hills                 618        4           —            –          10
Manhattan Beach/Hermosa                 675      85           5%       ( 21%)           4
Redondo Beach                 423      91         ( 1%)       ( 23%)           3
Torrance                 376    173         ( 5%)       ( 13%)           4
San Pedro                 307      67         ( 1%)       ( 17%)           5

FINANCING:

Conforming Loan Interest Rates ($417,000 and below) are at approx. 4.9 %, up from approx 3.9 % at the end of last quarter.  Rates for loans between $417,000 and $729,750 (conforming jumbos) are approx. 5.0%. Conforming loans generally require a 20% down payment (less for FHA or VA loans). Interest rates on Jumbo 30 year fixed rate mortgages (loans in excess of $729,750) have an average rate of approx. 5.5-5.75%. Jumbo loans require a higher down payment of 25 to 30%. All rates above are as of 2/3/2011, and assume a 20% down payment, a 1 point fee and a FICO score of at least 700.

PV Brokers provides residential real estate services for the Los Angeles County South Bay communities of Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills, Redondo Beach, Hermosa Beach, Manhattan Beach, Torrance and San Pedro. As a boutique Realty, our agents and brokers are committed to giving our clients specialized service and attention.

For more information about
Palos Verdes Real Estate and buying and selling a home on the Palos Verdes Peninsula or the South Bay, visit my website at http://www.pvbrokers.net . We provide specialized attention for all your real estate needs in the South Bay Los Angeles and the Palos Verdes Peninsula. We would love to hear your comments or suggestions.

                                  

     

              Where Integrity Meets Experience
                             310.872.0778  c
                             310.684.3156  o   
                          www.pvbrokers.net
             

                         

Thursday, February 3, 2011

Top 10 Most Exoensive Zip Codes | Palos Verdes Real Estate and Homes For Sale

 

Top 10 most expensive ZIP codes from the US in 2010

If a neighborhood was featured in Forbes' list of America's 500 Most Expensive ZIP Codes, it meant buyers spent big bucks to get their dream home there. Every year Forbes magazine makes a list with the top ZIPs from the US and in 2010, as usual, Los Angeles is still leading the chart since it has always been home to some of the world's most expensive real estate.

But forget about Beverly Hills, 90210, because this year a new Zip from Los Angeles takes the hot spot for multimillion dollar mansions! You'll see it at the end of course. So, here are the the top 10 most expensive ZIP codes from the US in 2010 according to Forbes.

10. 93108 – Santa Barbara, California

Median home price: $3.15 million

This stucco home located in Montecito, California, featuring four bedrooms, four bathrooms, cathedral ceilings, two fireplaces, a pool and a beautiful interior design is on sale now for $3.25 million.

9. 10012 – New York

Median home price: $3.22 million

This simple downtown home with three bedrooms, two bathrooms, two terraces and a couple of other useful amenities is currently on sale for $1.5 million.

8. 94920 – Belvedere, California

Median home price: $3.28 million

This Spanish-style stucco home is located in the section of Belvedere that's neighboring Tiburon, California and it's a 4,347-square foot residence. The house has three bedrooms, four bathrooms, a fireplace, a quite attractive interior but the most important… it offers spectacular views to the surroundings. It's on sale for $3.2 million.

7. 10065 – New York

Median home price: $3.63 million

A two bedroom, two bathroom condominium like the one from this image located on Manhattan's Upper East Side and featuring only a few goodies, it's selling for $975,000 at the moment. If a two bedroom unit costs almost $1 million you can just imagine how expensive a bigger and more luxurious home is in this neighborhood.

6. 90210 – Beverly Hills, California

Median home price: $3.68 million

One of the most popular ZIP codes comes only in the 6th place in this year's most expensive ZIPs of the US. This five bedroom, four bathroom 4,700 square-foot home is now listed for sale for $3.7 million. It was built in a Mediterranean-style and apart from being really luxurious, this property also attracts with it's amazing views of the surrounding mountains.

5. 10014 – New York

Median home price: $3.78 million

The most expensive ZIP code from New York is 10014, a neighborhood with a great position in Manhattan. Most buildings have amazing views of the city and even small apartments are priced really high. This one-bedroom, two bathroom, 1,500 square foot loft in Manhattan's West Village is on sale for $2.05 million.

4. 07620 – Alpine, New Jersey

Median home price: $3.81 million

Located at less than 9 miles from Manhattan… Alpine is an area where probably everyone would dream to own a home. This seven-bedroom, five bathroom, colonial-style home features an impressive design, a double height foyer, a three car garage and the list of goodies might go on for a while. It's currently on the market for $3.95 million.

3. 90274 – Rolling Hills, California

Median home price: $3.89 million

Almost every home located in the Rolling Hills, California, offers beautiful panoramic views of the Pacific Ocean. This wonderful hilltop property with five bedrooms, four bathrooms and 4,320-square foot with a beautiful interior design is now listed for sale at almost $4 million.

2. 94027 – Atherton, California

Median home price: $4.01 million

Located in San Mateo County, the quiet, scenic town of Atherton boasts gorgeous views of the local forest land and the San Francisco Bay. The town is one of America's wealthiest communities and some of the most expensive homes in the world are located here. This redesigned midcentury four 4,010 square-foot ranch features four bedrooms, four bathrooms, cathedral ceiling, fireplace, media room, a two car garage and beautiful gardens and it's listed for $4.49 million.

1. 91008 – Duarte, California

Median home price: $4.28 million

The new hot spot for multimillion dollar mansions in America is Duarte, a small suburb northeast of downtown LA, near the Los Angeles national forest. The 91008 ZIP code also includes the city of Bradbury and homes in this beautiful area sell for a median cost of $4,276,462 which makes it the most expensive housing market in the country. This nine-bedroom, nine bathroom, 10,486-square foot mansion from Bradbury with two swimming pools, a spa, gym, library with wine cellar and many other goodies is on the market for $4.68 million.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit our website at http://www.pvbrokers.net . We attempt make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. We would love to hear your comments or suggestions.

 

 

                                  

     

              Where Integrity Meets Experience
                             310.872.0778  c
                             310.684.3156  o   
                          www.pvbrokers.net
                   www.realestatepalosverdes.net
                    www.palosverdesrealtors.net