Hot Deals in Palos Verdes, But Very Few Steals

Few days pass without a contact from a hopeful buyer wanting a single family home in Palos Verdes at a price that simply does not exist, even in a real estate market that has slipped from the lofty pinnacle of 2006 prices.

So what does constitute a hot deal in Palos Verdes? Here are a few things I look for in this market:

Properties priced below $1,000,000 in Palos Verdes Estates: It does not happen often, but when it does it is always worth the time to investigate the property. I saw one yesterday and my guess is it will be in escrow within a week---maybe sooner.

Houses with hidden views: It is surprising the number of times a stunning view is hiding behind a wall without sufficient windows, a chimney or overgrown shrubbery.

Homely houses with head-turner views: Yes, the kitchen and baths may be original, the wallpaper, shag carpeting and acoustical ceiling tiles may make you shudder, but you can change those features. The view cannot be added later.

Small house on big lot: Palos Verdes is full of canyons and rolling hills. You may love the three bedroom ranch just as it is, but your future buyer sees a master bedroom addition, swimming pool and guesthouse potential when they gaze at your expansive lawn.

If you're looking for a home in Rolling Hills under $2M there are several to choose from, but if you're looking for a home under $1M there are none to show. If you want a home in Rancho Palos Verdes under $900K we can show you several (Eastview with the option of PV Schools has several under $700K), but the coastal location, top rated schools, spectacular topography and accompanying views provide a strong foundation to support the value of real estate on the Palos Verdes Peninsula.

Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800

PalosVerdesLifestyle - Nominated by Relocation.com as one of the top ten Los Angeles area real estate blogs. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.

South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.

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