Maureen Megowan's Blog

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Palos Verdes Peninsula Market Activity Picking Up

I have seen a major increase in inquiries by buyers interested in purchasing property on the Palos Verdes Peninsula. Now that prices have decreased approx. 10% from a year ago, buyers are sensing a real opportunity to purchase a home in this beautiful community. Although 30 year jumbo mortgages are effectively dead, good loans for interest rates fixed for 5 to 7 years at a rate of approx. 6% are available to well qualified buyers.

Sellers are becoming very flexible in negotiating a sale, recognizing that we are entering the traditionally slow time to sell a property as we enter the holiday season. There is normally a decrease in inventory available at this time of year due to sellers not wanting to show their property during the holidays, so those sellers who have theri property on the market at this time are usually vvery motivated sellers.

rancho palos verdes

For more about buying and selling real estate on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com

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

Comment balloon 0 commentsMaureen Megowan • October 24 2008 11:25PM
Palos Verdes Peninsula Market Activity Picking Up
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I have seen a major increase in inquiries by buyers interested in purchasing property on the Palos Verdes Peninsula. Now that prices have decreased approx. 10% from a year ago, buyers are sensing a real opportunity to purchase a home in this… more
Great Things Happening at Palos Verdes High
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There has been a tremendous amount of construction activity at Palos Verdes High, including the construction of a new football fiield and all weather track and a new swimming pool. The following are pictures of the new football field and track: … more
Free Flu Shot Clinic in Rolling Hills Estates
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There will be a free flu shot clinic at the United Methodist Church 26438 Crenshaw Blvd in Rolling Hills Estates ( at the corner of Crenshaw and Palos Verdes Drive North ) on November 13, 2008 from 10:00 am to 12 noon. The clinic is run by the… more
Weird Houses of the World
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On my website http://www. maureenmegowan. com I have a page with a lot of interesting pictures of Weird Houses of the World The following are some examples of the homes which can be viewed there: … more
Montemalaga Neighborhood of Palos Verdes Estates
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The Montemalaga area (area 162 in the map below) is at the upper area of the hillsides of Palos Verdes Estates, and has some of the newer homes in the city. Homes in this area are predominantly Mediterranean in style with tile roofs. Many view lots… more
Malaga Cove Area of Palos Verdes Estates
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Malaga Cove (area 163 in the map below )is home to Palos Verdes City Hall, the Police and Fire Station, La Venta Inn and the Malaga Cove Plaza, the first commercial plaza built in Palos Verdes Estates. Malaga Cove Plaza is home to the Malaga Cove… more
Lunada Bay Neighborhood in Palos Verdes Estates
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Lunada Bay (area 160 in the map below) is often referred to as two areas; Lower Lunada Bay and Upper Lunada Bay (Margate). Lower Lunada Bay is south of Malaga Cove, and is generally flat; the terrain gently slopes down to the cliffs. Paseo del Mar… more
Valmonte Neighborhood in Palos Verdes Estates
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Valmonte (Area 164 in the map below) is a neighborhood on the eastern edge of the Palos Verdes Estates (turn left when entering the city from Redondo Beach at the "Y"). This area is characterized by the lush canopy of eucalyptus trees,… more
Daughters of the American Revolution
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I recently joined the Point Vicente (Palos Verdes ) Chapter of the California Society of Daughters of the American Revolution (see http://www. californiadar. org/chapters2/pointvicente/index. htm ). My grandmother had traced our family lineage back to… more
Golf Course Critiques of the Palos Verdes Peninsula Golf Courses
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My husband, Bruce loves to play golf and has given me the following critiques of the golf courses on the Palos Verdes Peninsula: TRUMP NATIONAL GOLF CLUB Critique: This golf course gives meaning to the golf saying "A good walk… more