2017 Closed Sales in Palos Verdes

According to the Multiple Listing Service, there were 692 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula in 2017. The sales prices ranged from $615,000 to $13,840,000. The average sales price was $1,744,479 after an average of 46 days on the market.

There were 194 closed sales of condominiums and townhouses. The sales prices ranged from $240,000 to $2,800,000. The average sales price was $723,062 after an average of 43 days on the market.

Contact me today for a complimentary market evaluation of your home:
310-703-1931
katie@katiemuck.com

Rent Control-No Pros, Only Cons

Another city in Los Angeles County is aiming to put rent control ordinances into effect and I wonder what is going through the minds of people to even consider them.  When an owner cannot rent his property for an amount that the market will bear, he may just be hesitant to improve his property or even simply maintain his property.  Therefore, before you know it, the area will become rundown and not a good place to live.  If the owner decides to sell the property, the price he will be able to get will be less than before rent control.  Rent control is theft, pure and simple.

 

FIRST HALF CLOSED SALES IN PALOS VERDES

According to the Multiple Listing Service, there were 347 closed sales of single family residences in the cities of the Palos Verdes Peninsula (Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, and Rolling Hills Estates) and the unincorporated area of Palos Verdes Peninsula during the first half of 2017.  The sales prices ranged from $640,000 to $13,840,000.  The average sales price was $1,761,487 after an average of 48 days on the market.

There were 91 closed sales of condominiums and townhouses.  The sales prices ranged from $240,000 to $1,310,000.  The average sales price was $678,865 after an average of 47 days on the market.

If You Want the Best Real Estate Financing…

If you are planning to purchase a new home or would like to refinance, contact Mike Giltner,  Loan Originator of Wintrust Mortgage.  I have known him for many years and he has arranged financing for my clients and for me, personally.  You will not be disappointed!

 

Mike Giltner
Loan Originator
NMLS# 322053
22939 Hawthorne Blvd, Ste. 103
Torrance, CA 90505
Mobile:310-971-1856
Office:310-541-0300
MGiltner@WintrustMortgage.com
www.MikeGiltner.com
Wintrust Mortgage

A Brief Suggestion for Those Looking at Houses to Buy

When I show homes to potential buyers, I notice that I am always looking up toward the ceiling in the rooms. I often notice evidence of leaks. It dawned on me that when buyers are viewing homes, if they are couples, one should be looking up, as I do, but the other should be looking down. That way, any potential problems with the property should be detected.

Five Steps to Create the Kitchen of Your Dreams

When you decide to remodel your kitchen, follow these steps to design the space you have been dreaming about:

  1.  Create a budget:  It is important to determine how much you are willing to spend to achieve your ideal kitchen.    If you need basic upgrades or a complete remodel, setting your budget will help create a realistic plan from the start.
  2. Think about what you need and what you want:  Think about how you use the kitchen.  Do you do a lot of baking and need more counter space for rolling out confections?  Would you like to have a stone oven for your homemade pizza?  There is one area that everyone should update-the kitchen faucet.  Because it sees so much use on a daily basis, think about ways to make tasks easier, like installing a new pull down faucet.  No matter what the task, you will quickly notice the difference made by this simple update.  Beyond a new faucet, here are some of the most popular items for the kitchen:  A chef’s stove is a dream appliance.  Use soft, neutral colors in the kitchen.  Purchase stainless steel appliances.  A custom pantry is a popular kitchen storage item, followed by a utensil drawer.
  3. Research and plan:  Sources for ideas and inspiration are infinite, especially online.  Visit sites like Pinterest and Houzz that provide design concepts for your new kitchen.  Visit a kitchen showroom .  Magazine articles and features can also provide valuable how-to information.
  4. Determine your approach:  Will you hire a professional or do most of the work yourself?  Moving walls or doing electrical work is best left to licensed contractors and electricians.  You may be comfortable installing a new faucet or painting your new space, but remember that when you do-it-yourself, fixing one thing may lead to other jobs that need to be accomplished.
  5. Get to work:  With the perfect plan and a list of updates to incorporate, you will be able to create your new kitchen space.