Palos Verdes Realtors

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Palos Verdes peninsula Real Estate Statistics

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Palos Verdes Real Estate Realtors Agents Residential Brokers Palos Verdes Palos Verdes Real Estate Realtors Agents Residential Brokers Palos Verdes Palos Verdes Real Estate Realtors Agents Residential Brokers Palos Verdes

Please give us a call or visit our website at http://www.pvbrokers.net

Palos Verdes Homes Information and Data

Real Estate Market Stats Zillow Home Value Index: $1,220,300 Zillow Home Value Index Owners vs. Renters Home Size in Square Feet Year Built Local National Zillow Home Value Index $1,220,300 $179,900 Median Single Family Home Value $1,315,400 $182,700 Median Condo Value $630,200 $162,200 Median 2-Bedroom Home Value $689,600 $135,400 Median 3-Bedroom Home Value $1,039,100 $165,400 Median 4-Bedroom Home Value $1,375,300 $258,400 Percent Homes Decreasing 54.2% 64.2% Percent Listing Price Reduction 29.2% 28.8% Median List Price Per Sq Ft $491 $108 Median List Price $1,495,000 $198,000 Median Sale Price $1,151,800 $207,600 Homes Recently Sold 39 254,037 Property Tax $8,562 $2,200 Turnover (Sold Within Last Yr.) 3.6% 3.8% Median Value Per Sq Ft $525 $109 1-Yr. Change -1.4% -4.3% >Homes For Sale By Owner 0 8,210 >New Construction 8 73,331 >Foreclosures 11 549,674 See 90274 home values at Zillow.com Check out California mortgage rates on Zillow Real Estate Market Stats Zillow Home Value Index: $891,000 Zillow Home Value Index Owners vs. Renters Home Size in Square Feet Year Built Local National Zillow Home Value Index $891,000 $179,900 Median Single Family Home Value $940,900 $182,700 Median Condo Value $518,300 $162,200 Median 2-Bedroom Home Value $498,600 $135,400 Median 3-Bedroom Home Value $818,500 $165,400 Median 4-Bedroom Home Value $964,700 $258,400 Percent Homes Decreasing 38% 64.2% Percent Listing Price Reduction 35% 28.8% Median List Price Per Sq Ft $424 $108 Median List Price $995,000 $198,000 Median Sale Price $888,800 $207,600 Homes Recently Sold 44 254,037 Property Tax $5,766 $2,200 Turnover (Sold Within Last Yr.) 3% 3.8% Median Value Per Sq Ft $441 $109 1-Yr. Change -2.7% -4.3% >Homes For Sale By Owner 2 8,210 >New Construction 0 73,331
>Foreclosures 22 549,674 See 90275 home values at Zillow.com

Palos Verdes Real Estate Mission Statement

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Our Mission at PV Brokers

Our clients will benefit from working with the Palos Verdes Real Estate Agents and Brokers at PV Brokers Residential Real Estate We have been serving the Palos Verdes Peninsula real estate market selling homes in 90274 & 90275 CA with over 20 years of experience. With today’s favorable interest rate environment, this could be an ideal opportunity to own valuable Palos Verdes real estate. At PV Brokers, our approach to real estate sales and marketing begins with integrity and experience. These founding principles ensure that our clients receive ethical, personalized attention from our knowledgeable representatives. We strongly believe in long-term relationships with our clients resulting in a fair and enjoyable home buying experience. We understand the emotion and importance attached to the purchase of your new home. As such, we carefully listen to the needs of our clients and only then apply our expertise and experience to meet their expectations. At all times, we operate with the utmost integrity and professionalism, remembering that our practice is client-centered and client-driven. Simply, at PV Brokers, we listen. – PV Brokers “Where Integrity Meets Experience”

Chosen Best Palos Verdes Real Estate Agents

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Chosen Best Palos Verdes Real Estate Agents Chosen Best Palos Verdes Real Estate Agents Chosen Best Palos Verdes Real Estate Agents

 

 

Palos Verdes Real Estate Agents — Home Forecast

 

NEWS RELEASE: A Recent Study by Deutsche Bank shows nearly half of all US Home Owners will be underwater by 2011 and it could be 2020 or beyond before the housing market turns up. Contrary to some Government statements, the housing recession is far from over. Hundreds of Thousands of agents who have seen the conventional market dissipate and are thinking a recovery is around the bend, should think again. Many have turned their focus to Distress Sales (REO’s, short sales, etc.) but are running into fierce competition in securing and selling listings. At the same time, asset managers and loss mitigators for lending institutions are becoming more and more hard-pressed to find enough qualified agents to provide them with what they need to approve short sales as well as list and sell their REO’s.

At PV Brokers, our approach to real estate sales and marketing begins with integrity and experience. These founding principles ensure that our clients receive ethical, personalized attention from our knowledgeable representatives. We strongly believe in long-term relationships with our clients resulting in a fair and enjoyable home buying experience. We understand the emotion and importance attached to the purchase of your new home. As such, we carefully listen to the needs of our clients and only then apply our expertise and experience to meet their expectations. At all times, we operate with the utmost integrity and professionalism, remembering that our practice is client-centered and client-driven. Simply, at PV Brokers, we listen.

 

Chosen Best Palos Verdes Real Estate Agents  in [Torrance] [Lomita] [Redondo beach] [Manhattan beach] [Hermosa beach] [Lawndale] [Hawthorne] [Inglewood] [Rancho Palos Verdes] [Palos Verdes Estates] [Rolling Hills] [Los Angeles] [Compton] [Harbor City] [Gardena] [Westchester] [El Segundo] [Venice] [Beverly Hills] [Palms] [West Los Angeles] [Hollywood]

[Long beach] [Cerritos] [Los Alamitos] [Orange County] [SouthBay] [Carpet Cleaning Los Angeles] 90001 90002 90003 90004 90005 90006 90007 90008 90009 90010 90011 90012 90013 90014 90015 90016 90017 90018 90019 90020 90021 90022 90023 90024 90025 90026 90027 90028 90029 90030 90031 90032 90033 90034 90035 90036 90037 90038 90039 90040 90041 90042 90043 90044 90045 90046 90047 90048 90049 90050 90051 90052 90053 90054 90055 90056 90057 90058 90059 90060 90061 90062 90063 90064 90065 90066 90067 90068 90069 90070 90071 90072 90073 90074 90075 90076 90077 90078 90079 90080 90081 90082 90083 90084 90086 90087 90088 90089 90091 90093 90094 90095 90096 90097 90099 90101 90102 90103 90174 90185 90189 91331 91335 90266 90267 90254 90278 90277 90245 90504 90505 90503 90501 90260 90250 90301 90210 90245 90247 90249 90275 90274 90745 90746 90747 90810 90895 90744

More information can be found online at www.palosverdesrealestateagents.net

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm

                              www.pvbrokers.net

                        www.palosverdesrealtors.net

                           www.pvbrokerscam.com

Palos Verdes Real Estate for Sale

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Palos Verdes Real Estate For Sale Palos Verdes Real Estate For Sale Palos Verdes Real Estate For Sale

Market Comment

Mortgage bond prices were lower for the week pushing mortgage interest rates higher.  The Treasury auctions were mixed with generally decent foreign demand but rather lackluster overall results.  The weekly jobless claims data came in lower than expected which was not bond friendly and pushed rates considerably higher Wednesday.  The bond market was closed Thursday for the holiday, which likely contributed to the volatility with thin trading conditions surrounding shortened trading week.  For the week interest rates finished worse by about 7/8 of a discount point.

The retail sales data Monday will set the tone for trading this week.  The inflation data on Tuesday and Wednesday have the greatest potential to move the financial markets.

LOOKING AHEAD

Economic
Indicator

Release
Date & Time

Consensus
Estimate


Analysis

Retail Sales

Monday, Nov. 15,
8:30 am, et

Up 0.6%

Important.  A measure of consumer demand.  A smaller than expected increase may lead to lower mortgage rates.

Business Inventories

Monday, Nov. 15,
10:00 am, et

Up 0.6%

Low importance.  An indication of stored-up capacity.  A significantly larger increase may lead to lower rates.

Producer Price Index

Tuesday, Nov. 16,
8:30 am, et

Up 0.7%,
Core up 0.1%

Important.  An indication of inflationary pressures at the producer level.  Weaker figures may lead to lower rates.

Industrial Production

Tuesday, Nov. 16,
9:15 am, et

Up 0.3%

Important.  A measure of manufacturing sector strength.  A lower than expected increase may lead to lower rates.

Capacity Utilization

Tuesday, Nov. 16,
9:15 am, et

75%

Important.  A figure above 85% is viewed as inflationary.  Weakness may lead to lower rates.

Consumer Price Index

Wednesday, Nov. 17,
8:30 am, et

Up 0.3%,
Core up 0.1%

Important.  A measure of inflation at the consumer level.  Lower than expected increases may lead to lower rates.

Housing Starts

Wednesday, Nov. 17,
8:30 am, et

605k

Important.  A measure of housing sector strength.  Larger than expected decreases may lead to lower rates.

Leading Economic Indicators

Thursday, Nov. 18,
10:00 am, et

Up 0.5%

Important.  An indication of future economic activity.  A smaller increase may lead to lower rates.

Philadelphia Fed Survey

Thursday, Nov. 18,
10:00 am, et

2.0

Moderately important.  A survey of business conditions in the Northeast.  Weakness may lead to lower rates.

Low Rates

Mortgage interest rates remain near historic lows.  Borrowers that choose to float in this environment expose themselves to an upside risk in mortgage interest rates.  The Fed has specifically stated, “Measures of underlying inflation are currently at levels somewhat below those the Committee judges most consistent, over the longer run, with its mandate to promote maximum employment and price stability.”  This means the Fed believes inflation levels should increase.  Inflation, real or perceived, generally erodes the value of fixed income securities causing prices to fall and rates to rise.  If the Fed has its way it is very possible to see mortgage interest rates increase.  However, there are no certainties even with the Fed’s stated goals.  The Fed does not directly dictate mortgage interest rates but its activities have an indirect effect on rates.

Recent history attests to spikes and drops in rates on almost a weekly basis.  Last week was a prime example.  A cautious approach to interest rate exposure is prudent.

http://www.pvbrokers.net

 

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm

                              www.pvbrokers.net

                        www.palosverdesrealtors.net

                           www.pvbrokerscam.com

Ucla vs Usc Football Party

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                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm

                              www.pvbrokers.net

                        www.palosverdesrealtors.net

                           www.pvbrokerscam.com

PV Brokers Palos Verdes Real Estate — National Market Data

November 9, 2010

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Real Estate Prices Fall, Will Sellers Take Note?
 

For the fourth consecutive month, price reductions have increased for home listings currently on the market in the United States. The reductions are now at an all-time high of 27 percent, according to Trulia.com

 

The record-high reductions amount to more than $30.7 billion nationwide. In a press release, Trulia concludes that there has been “a continual and dramatic price reduction increase in many cities that began in June 2010.”

Anxious sellers, watching prices decrease, have gotten aggressive in their pricing. “We would normally expect to see a seasonal uptick in price reductions between June and October, as motivated sellers whose homes are still on the market after the summer selling season aggressively cut prices in an effort to get their homes sold before the holidays,” said Tara-Nicholle Nelson, consumer educator, Trulia.com.

This is like Christmas coming early for buyers who are hoping to capitalize on a bargain-buy before the year’s end. “Comparatively speaking, we’ve found that seasonal considerations combined with a lack of urgency on the part of would-be buyers and continued job market doldrums nationwide have led to more significant reductions during this time period than during the same time frame in 2009,” said Tara-Nicholle.

Low interest rates and great deals on houses is making this an ideal time for some buyers to purchase a home. However, while buyers may think it’s “their” market, it’s important to remember that if you’re an ill-prepared buyer, you could lose the deal of a lifetime and the home you really want.

Here are a few tips to keep you prepared for that perfect sale in the new market conditions.

Even if you’re just browsing, get your pre-qualification for your loan. You might think, you’re not really ready to buy but let’s go shopping any way. Don’t make this crucial mistake. Know your price point. Understand how much home you can afford and browse in that market range.

Since the mortgage crisis, getting loans and buying a home has gotten more complex and can take even longer than before. That shouldn’t discourage you but rather encourage you to get everything in order to make the close of escrow simpler.

Act now. Timing the market and waiting to see if you can get the absolute rock bottom interest rate, can cause you to lose the home you love. Of course, we all want to save money and get the best deal but understanding that when you find a home you really like, trying to wait to see if the rates/price will drop, could cost you the deal. Certainly negotiating is always part of real estate, but just keep in mind that if you’re not careful you could time yourself out of the home you really want.

Stay on top of your home sale. If you’re in a situation like many buyers are where the purchase of their new home is depending on the sale of their current home, then you must stay on top of your home sale. Contingency sales are sometimes easier to negotiate in a buyer’s market.

Keep in mind that the house-hunting process for your new home, is, of course, only part of the deal. That means that keeping up your own home while it’s on the market is vital. Sometimes buyers get so busy shopping for their next home that they end up leaving their current listed home a mess. This could turn off a potential buyer; it happens all the time. So do the juggle–keep an eye on how appealing your home is to a buyer while shopping for your new dream home.

Published: November 5, 2010

 

 

 

 

 

 

                                 Bart Cleveland
                                       Broker
                      Registered Investment Advisor
                                310.872.0778  cell 
                                310.684.3156  office       

 

              

                Where Integrity Meets Experience tm

                              www.pvbrokers.net

                        www.palosverdesrealtors.net

                           www.pvbrokerscam.com

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