Palos Verdes Market Update (1/9/19)

Posted by South Bay Staff on Wednesday, January 9th, 2019 at 11:29am.

Palos Verdes Real Estate Market Update

JANUARY 9, 2019

Complete and updated information on Palos Verdes area homes for sale and the local housing market.

Palos Verdes Stats

Inventory: 170 active MLS listings in Palos Verdes (-24 from last week)

New listings this week: 19

Newly in escrow this week: 23

New closed sales this week: 18

New price cuts this week: 10

Featured New Listings of the Week

7022 Lofty Grove Drive Rancho Palos Verdes CA

7022 Lofty Grove Drive

(3br/2ba, 1544 sqft.)

Agent's Description:

As ideal a location and condition for a beautifully updated and remodeled 3 bedroom, 2 bath single story home that rests in a lovely neighborhood within Los Verdes. Immediately upon entry, the home's bright, updated and open floor plan flaunts it's livability along with functionality. The living room was given life and light through it's generously sized French Doors and a plethora of new dual pane windows, a large mantled fire place and over all spacious design. Adjacent and open to the living room this updated kitchen has new cabinets, modern Farm-style fixtures, matching counter tops, brand new appliances, and a large multi purpose island that sits open to the dining room. The home's hardwood floors throughout compliment the fresh paint and desirable touches. Enjoy frequent entertaining utilizing options such as the private backyard, concrete patio and overhead trellis. This renovation equipped the home with a brand new air conditioning system that will make it even more enjoyable during hot California summer days. 

List price: $1,248,000

30005 Via Borica30005 Via Borica Rancho Palos Verdes CA

(6br/3ba, 3429 sqft.)

Agent's Description:

This elegant executive home is in pristine condition and ready for it's new lucky owner! Extensively updated with new windows and doors, new a/c, new paint and carpet, new exterior stucco and landscaping, this gorgeous home is ready to be moved into and be enjoyed. Ocean/Catalina views are offered from several rooms and the yard. Large kitchen with family eating area, formal dining room and living room with hardwood floors and vaulted ceilings, and spacious family room with separate billiard room make this an outstanding entertaining home. Fantastic master suite with private office located off of it and remodeled master bath. All bathrooms have been upgraded in a lovely neutral palette. Bedrooms are located both upstairs and downstairs perfect for guests or extended family. Located at the end of a quiet cul-de-sac this home is walking distance to Point Vicente Elementary and Golden Cove Shopping Center. Huge flat backyard with new built in bbq and fire pit. Attached three car garage and new paver driveway. This gorgeous home truly checks all the boxes! 

List price: $1,999,000

Notable Sales of the Week

28 Encanto Drive28 Encanto Drive Rolling Hills Estates CA

(3br/2ba, 2112 sqft.)

Agent's Description:

Tucked away in tranquil Montecillo, one of the most desirable neighborhoods in Rolling Hills Estates, this fully remodeled (fully permitted) turn-key home invites comfort and radiates elegance. With 3 bedrooms, 2.5 baths, generous living space, and stylish finishes - you'll enjoy a perfect setting for both relaxing and entertaining. Solid maple floors flow throughout the homes open, airy layout - enjoy gatherings in your dining room or create memories in your generously-sized living room complete with a custom solid travertine carved gas fireplace. The meticulously remodeled kitchen will inspire your inner chef with its rare Namib white marble island, Quartz counter-tops, farmhouse sink, chic back-splash, stainless steel Thermodor Appliances (Refrigerator, 6 Burner Range, Hood Fan, Microwave), large window, and wine chiller. Off the kitchen, you will find large French doors that lead to your patio where you can sit back and enjoy your private outdoor retreat. Down the hall you will discover 3 bright bedrooms; the master complete with ensuite. This home features a brand new roof, designer paint colors inside and out, smooth ceilings, dual-pane windows, central A/C, tankless water heater, custom patio/walk-ways, and a gated dog run. You'll love the convenience of your own laundry, 2-car garage, and a great neighborhood near it all– Award Winning Palos Verdes Schools, Kramer Club, and Rolling Hills Country Club. 

Sold price: $1,350,000

27105 Diamondhead Lane27105 Diamondhead Lane Rancho Palos Verdes CA

(4br/3ba, 2814 sqft.)

Agent's Description:

Located on a quiet cul de sac in the Blackhorse area, this 2814 square foot 4 bedroom home is situated on a huge, 12,182 square foot usable lot. All rooms are large, from the living room with high ceiling and wood-burning fireplace, to the formal dining room overlooking the living room, spacious family room adjoining the large kitchen (which includes a breakfast area), to all 4 bedrooms -- you will be impressed with the generous size of all. The secluded master suite is also quite large, with separate jetted tub and shower, sauna, and walk-in closet. Don't miss the wine cellar, workshop, and storage located just off the entry, along with the large laundry room and garage entry. This home has been exceptionally well-maintained by the long-time owners, including newer dual pane windows and doors all around. Walk to Soleado Elementary, Peninsula High, and Peninsula Center. 

Sold price: $1,300,000

29519 Stonecrest Road29519 Stonecrest Road Rancho Palos Verdes CA

(4br/3ba, 2052 sqft.)

Agent's Description:

Prepare to be amazed as you enter this remodeled 4 bedroom 3 bath home with an open-concept living space. You’ll love abundance of natural light, and appreciate the open and aesthetic flow throughout. The gourmet kitchen greets you with large center island perfect for family and friends to gather around, stainless steel appliances and ample cabinetry. Its other amazing features include stone framed fireplace in living room, interior LED lighting, gorgeous engineered wood floors, custom glass staircase railings, and Air Conditioning. Enjoy the resort feel backyard that includes sparkling pool, built inns; it is great for kids and entertaining friends and family. Your new home awaits - located in the highly desirable area of Rancho Palos Verdes and is within close proximity to schools, shopping, dining and nearby parks. 

Sold price: $1,472,000

Complete Market Report Data

Here is our full market report on Palos Verdes real estate for the week.

Click on any property address to see all photos & listing data online.

NEW MLS LISTINGS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
32055 Pacifica Dr 5/5 4313 22740 $1,975,000 $458 2 $1,975,000 01/09/19
2571 Via Campesina A 2/2 1335 11672 $675,000 $506 2 $675,000 01/09/19
28068 Braidwood Drive 4/3 2108 8269 $1,399,000 $664 2 $1,399,000 01/09/19
30005 Via Borica 6/3 3429 11491 $1,999,000 $583 3 $1,999,000 01/08/19
16 Rockinghorse Road 5/6 5386 22404 $2,799,000 $520 3 $2,799,000 01/08/19
2037 W Crestwood Street 4/2 1512 8256 $599,000 $396 4 $599,000 01/07/19
1500 Via Asturias 5/5 5249 15181 $2,200,000 $419 5 $2,200,000 01/05/19
2833 Via Victoria 5/4 3982 15492 $2,349,000 $590 5 $2,349,000 01/06/19
2805 Via Neve 5/4 4369 20238 $2,399,000 $549 6 $2,399,000 01/07/19
2637 Via Olivera 4/4 4030 8200 $2,990,000 $742 6 $2,990,000 01/05/19
7022 Lofty Grove Drive 3/2 1544 7140 $1,248,000 $808 7 $1,248,000 01/04/19
1109 W Palos Verdes Drive 3/3 3650 26248 $5,900,000 $1,616 7 $5,900,000 01/04/19
28121 Highridge Road 211 2/2 1187 43075 $478,900 $403 8 $478,900 11/26/18
27521 Fawnskin Drive 3/2 1878 7010 $1,099,000 $585 8 $1,099,000 01/03/19
1433 Via Cataluna 4/3 2171 8590 $1,749,000 $806 9 $1,749,000 01/02/19
11 Coach Road 4/4 2717 23007 $1,428,000 $526 9 $1,428,000 01/02/19
1606 Espinosa Circle 4/4 4219 10928 $3,380,000 $801 10 $3,380,000 01/02/19
32020 Cape Point Drive 5/6 6002 18592 $4,499,000 $750 10 $4,499,000 01/01/19
740 Via Del Monte 3/2 2239 8642 $1,890,000 $844 16 $1,890,000 12/27/18

NEWLY PENDING/IN ESCROW THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
1012 Estrella Del Mar 2/2 1895 0 $835,000 $441 86 $890,000 10/17/18
5419 Whitefox Drive 4/3 2264 8278 $1,745,000 $771 6 $1,745,000 01/04/19
28621 Leacrest Drive 5/3 2212 8897 $1,398,000 $632 65 $1,398,000 11/07/18
2012 Paseo Del Mar 6/5 5450 21696 $4,998,000 $917 35 $4,998,000 12/07/18
3059 Deluna Drive 4/2 2403 19959 $1,179,000 $491 105 $1,399,000 09/28/18
517 Via Almar 3/4 3030 6453 $2,475,000 $817 5 $2,475,000 11/17/18
3602 W Estates Lane 118 1/1 659 433780 $355,000 $539 6 $355,000 01/05/19
2724 Paseo Del Mar 5/4 3407 16959 $2,800,000 $822 60 $2,800,000 11/12/18
3348 Corinna 4/2 1992 12710 $1,349,000 $677 35 $1,349,000 12/07/18
26447 Basswood Avenue 3/2 1610 7454 $1,124,900 $699 111 $1,250,000 09/16/18
30629 Ganado 4/3 2444 13402 $1,150,000 $471 130 $1,250,000 09/03/18
6520 Sandy Point Court 3/3 2712 4423 $1,495,000 $551 97 $1,535,000 09/29/18
26 Encanto Drive 4/3 2506 16877 $1,699,900 $678 91 $1,799,900 10/01/18
1821 Caddington Drive 10 2/2 1156 127123 $560,000 $484 72 $580,000 10/31/18
28711 N Enrose Avenue 3/2 1470 6090 $799,000 $544 133 $859,000 08/31/18
1328 Via Gabriel 3/3 2242 11751 $1,399,000 $624 22 $1,399,000 12/10/18
28641 Mount Shasta Drive 3/3 1768 6722 $889,000 $503 206 $969,000 06/19/18
23 Georgeff Road 3/3 2559 55056 $2,250,000 $879 74 $2,250,000 10/26/18
1014 Estrella Del Mar 2/2 1742 0 $788,000 $452 73 $799,000 10/17/18
1016 Estrella Del Mar 2/2 1895 0 $835,000 $441 73 $890,000 10/17/18
29641 N Enrose Avenue 3/2 1627 6498 $819,000 $503 74 $839,000 10/29/18
6 Branding Iron Lane 4/3 3315 52031 $2,099,000 $633 67 $2,000,000 10/21/18
27912 Ridgecove Court 2/3 1083 309695 $629,000 $581 132 $635,000 08/28/18

NEW CLOSED SALES THIS WEEK

ADDRESS BD/BA SQFT LOT SOLD PRICE $PSF DOM START $ CLOSED
5 Peartree Lane 3/3 2028 2938 $1,130,000 $557 13 $1,099,000 01/09/19
6329 Tarragon Rd 4/5 4267 19882 $1,865,000 $437 75 $1,995,000 01/08/19
30026 Avenida Classica 4/3 2076 12511 $1,300,000 $626 45 $1,399,000 01/08/19
28 Encanto Drive 3/2 2112 16061 $1,350,000 $639 30 $1,399,000 01/08/19
28007 Ridgebrook Court 2/3 1079 272662 $585,000 $542 13 $599,999 01/08/19
55 Rockinghorse Road 3/3 2763 24043 $1,460,000 $528 5 $1,489,000 01/08/19
2701 Via Elevado 5/6 8847 146236 $14,100,000 $1,594 192 $18,900,000 01/04/19
28510 Vista Madera 3/3 1441 185673 $517,500 $359 5 $575,000 01/04/19
27105 Diamondhead Lane 4/3 2814 12182 $1,300,000 $462 3 $1,350,000 01/03/19
2408 Via Sobrante 4/4 3115 15856 $1,569,750 $504 21 $1,599,000 12/31/18
6044 Flambeau Road 3/2 1846 9280 $1,275,000 $691 77 $1,379,000 12/31/18
1 Clear Vista Drive 6/7 5766 19264 $2,800,000 $486 104 $3,250,000 12/28/18
39 Chandler Ranch Road 5/7 5203 12957 $4,694,827 $902 0 $4,150,000 12/28/18
29519 Stonecrest Road 4/3 2052 8909 $1,472,000 $717 5 $1,399,000 12/28/18
1104 Palos Verdes Drive 3/2 1959 19158 $1,488,000 $760 20 $1,390,000 12/28/18
65 Ranchview Road 4/3 3118 13211 $1,350,000 $433 99 $1,290,000 12/28/18
27004 Grayslake Road 3/2 1442 8249 $1,183,500 $821 54 $1,200,000 12/28/18
5987 Peacock Ridge Road 203 3/3 2100 52296 $750,000 $357 8 $735,000 12/28/18

NEW PRICE CUTS THIS WEEK

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
28121 Highridge Road 404 2/2 1155 43075 $480,000 $416 54 $498,000 11/11/18
3340 Via La Selva 4/4 2738 6919 $2,299,000 $840 50 $2,449,000 10/26/18
3224 Palos Verdes Drive 4/2 1965 8309 $1,399,000 $712 55 $1,495,000 11/17/18
2940 Via Alvarado 4/4 3467 7660 $3,199,000 $923 38 $3,299,000 12/04/18
1616 Granvia Altamira 3/2 2344 6859 $1,380,000 $589 214 $1,555,000 06/12/18
30143 Matisse Drive 4/3 3706 15037 $2,485,000 $671 35 $2,500,000 12/07/18
6008 Flambeau Road 3/2 1874 7548 $1,049,000 $560 33 $1,100,000 12/01/18
5422 Elmbank Road 4/3 2249 9134 $1,375,000 $611 59 $1,400,000 11/13/18
28653 Vista Madera 3/3 1436 238445 $609,000 $424 44 $620,000 11/28/18
32012 Cape Point Drive 5/6 6000 18118 $5,650,000 $942 158 $6,250,000 08/06/18

 

Get More Palos Verdes Real Estate Info

See the latest Palos Verdes Housing Market Statistics, Prices and Trends.

See all Palos Verdes area real estate listings and neighborhood information. Or see only homes in Rancho Palos Verdes, Palos Verdes Estates, Rolling Hills/Rolling Hills Estates.

See the Palos Verdes Dashboard for up-to-the-minute info on all the listings and activity in the local real estate market.

Plan your open house visits by reviewing our complete list of Palos Verdes Open Houses.

 

comments powered by Disqus

Latest Listings Among
Manhattan Beach Homes For Sale