Maureen Megowan's Blog

For more information about Financing your purchase of a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com

California's median price for an existing single-family home rose for the third straight month, according to the California Assn. of Realtors, indicating that the state's struggling real estate market may have bottomed out. The state's median sales price increased 4.2% over the prior month, and the inventory of unsold homes decreased to 4.2 months from 4.6 months in April and 8.7 months a year ago.The median sales price was down 30.4% compared to May of 2008 however.

In the South Bay of Los Angeles, the median home price increased 12.7 percent over last month. but was down 12.3 percent from a year ago,. Home prices for the Palos Verdes Peninsula (including Palos Verdes Estates, Rolling Hills Estates, Rancho Palos Verdes, and Rolling Hills) decreased 12.1% from a year ago, in line with the entire South Bay. Home prices in the beach cities of Manhattan Beach, Hermosa Beach and Redondo Beach were down only 5.8% over a year ago. This compares to an overall 30.1% year to year decline in Los Angeles County as a whole.

For South Bay Market Reports and more nformation about Palos Verdes 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. 

There is an incredible wedding venue at the new Terranea Resort in Rancho Palos Verdes that is located right on the point with an incredible view of the ocean and Palos Verdes coastline. In addition to this site, there are 4 other locations for weddings at the Resort.

  Wedding Site

  View from Wedding Site


  View of Resort from Wedding Site

For additional pictures of the completed resort, see my Terranea Photo Gallery  .

For more nformation about the Terranea Resort or Palos Verdes 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. 

The Rancho Palos Verdes Planning Commission Tuesday night approved the environmental impact report of the expansion plans of Marymount College in Rancho Palos Verdes. The expansion plans include a new athletic facility but no longer includes a proposal to build two new on-site dorms. 

 Marymount College Student relaxes in front of area to be used for expansion of Marymount College

The Planning Commission at it's July 14th meeting must still approve the specific planning applications and conditions for construction and operation. The full City Council of Rancho Palos Verdes must still approve the project. Opponents of the expansion plans are concerned that the College will still request approval of the dorms from the full City Council.

(Paul Penzella/Daily Breeze Staff Artist)

For information about Palos Verdes Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com

I have a brand new listing at $618,000 for a fully renovated gorgeous condo in South Redondo Beach.This Newly Renovated Condominium Home, located on the Esplanade, has easy access across the street to the Ocean, the Redondo Pier and Riviera Village. Enjoy evening Ocean Sunsets from the tiled Balcony.

Exterior View

With approx. 1,237 sq ft. and 2 bedroom and 2 baths, it has a new Kitchen with Custom Granite Counters, new Cabinet Doors and Drawers and Stainless Appliances, Recessed Lighting in Kitchen and Satin Nickel fixtures. The Baths have New Cabinets, Counter Tops, Lighting, Satin Nickel Fixtures, Shower enclosures and Tile. The floors are Stone Tile in the Entry, Kitchen, Dining Room,  Baths and on the Balcony.  The bedrooms have new Carpeting. Additional features are New Interior Doors, including Living Room and Master Bedroom Sliders, Gas Fireplace, Wet Bar and Hutch, and Inside Laundry ? WOW!

Living Room

Great Location and a Great Place to call home!

To Schedule an Appointment to View This Property, call Maureen Megowan at 310259-7124

CLICK HERE FOR ADDITIONAL INFORMATION ON THI8 PROPERTY

For more nformation about Palos Verdes 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. 

I really believe that major changes need to be made in our healthcare system, especially the way that medical health insurance is provided to the American people.  The biggest problem that I have with the current system is the ability of the Insurance industry to just "cherry pick" the healthiest of our citizens and to ignore everyone else that may have a pre-existing condition.

The problem is not just the substantially higher cost of insurance premiums paid by those with pre-existing conditions, but the availability of insurance at all. If a person does not have access to guaranteed acceptance group plans, and must purchase an individual policy, almost all private insurance plans will not cover someone with a pre-existing condition. This problem is especially acute for a young person who has a pre-existing condition and graduates from college and is no longer covered under their parents plan. Generally, these young people have just started working and even if they can find health insurance, the premiums are so astronomical that they simply can not afford it.  The problem is also serious for people who have become unemployed and no longer have the opportunity to continue their insurance under a COBRA plan and must find their own individual policy.

I actually agree with President Obama that we should have a national health insurance program that will accept everyone and therefore spread the risk and health care costs over everyone.  At the minimum, legislation should be passed to require all insurance companies to accept all individuals regardless of pre-existing conditions. Yes, this will lead to higher premiums for those that have no prior medical problems, but it is a small price to pay for even those people as they too will someday deal with the same problems that those that do have a medical condition have to face.

What do you think?

 A $1.4 million project to improve the Bandini Canyon area near the Bandini Street Elementary School in San Pedro is set to begin construction, with a groundbreaking ceremony planned for 1:00 pm Thursday June 23rd at the east end of the canyon area just west of Gaffey Street at Marshall Court, between Sepulveda and Oliver streets.

The improvements to the approx. 5 acre site will include new landscaping, a walking trail and a "tot lot" playground for small children.

For more nformation about Palos Verdes 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. 

With all mail-in votes now tallied, Meaure V which will create a new tax of $165 per property appears to have exceeded the required 2/3 majority, with 68.6% of ballots cast approving the measure. The only ballots left to be counted are those that were turned in on Tuesday to Palos Verdes City Hall.  These ballots are not expected to affect the final outcome.

The new tax is expected to raise approx. $3.3 million. There is an exemption  available for seniors which must be applied for. The school district must still determine what costs should be cut to meet the large cut in school expenditures expected for the next fiscal year from the State Legislature.

information about Palos Verdes 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. 

LUNADA BAY BEAUTY!!
$1,595,000



Located in lower Lunada Bay in Palos Verdes Estates, one block from the ocean, this traditional home with a 12,500 SF lot and approx. 2,700 SF, has  4 bedrooms , 3 baths on a prime corner lot. The New Custom Kitchen has beautiful cabinetry, "Petit Granit" Black Limestone Counters & stainless appliances. Enjoy Wood floors through much of the home and dramatic Vaulted Ceilings in the family room and most upstairs rooms. Don´t miss this opportunity to get the perfect family home within walking distance to elementary, intermediate and high school. Shown by Appointment only. Call me at 310-259-7124 to schedule a viewing.

CLICK HERE FOR ADDITIONAL INFORMATION ON THI8 PROPERTY

For information about Palos Verdes 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. 

A fire broke out in a laundry room of the new Terranea Resort last night at approx. midnight and was put out in about in about an hour and forced the temporary evacuation of hotel guests from their rooms. The resort had been open for just 1 week when the fire struck. Damage appears to be limited to the laundry room, however smoke did reach the air conditioning system causing some smoke damage.

 Outdoor patio and fireplace at Nelson's bar at the new Terranea Resort.

I had just been at the resort that night and left about 2 hours before the fire. We had a lovely time at the new Nelson's bar at the edge of the cliffs at the Resort.  We snacked on the shrimp tacos which were fantastic!!!  By the way, Nelson's bar is named after the Mike Nelson character of the old Sea Hunt TV series that was filmed at this location in the 19560's when it was Marineland of the Pacific.

For more information on the Terranea Resort , visit my website at http://www.maureenmegown.com