I’m not sure if it’s just the weather, but things have been heating up in the Valmonte real estate market, and elsewhere for that matter. In the last week, we have seen several good signs that will hopefully continue into the spring. First, 2921 Via la Selva sold for $3,050,000 ($909/foot down from from $3,295,000 on February 9th). This was the second highest sales price in Valmonte, ever. The home is a Santa Barbara style Spanish ranch home on one level on nearly a half-acre. The home was built in 2007 and features 4 bedrooms, 6 baths with entertaining space that opens to a stone patio and outdoor dining area, guest house, pool (you actually walk on stepping stones across the pool to get to the guest house and rest of the yard), and a rare 3 car garage. All of this backs up to the Valmonte trail and is on one of the best streets in all of Palos Verdes Estates. Pretty much a one of a kind Valmonte dream house.
As for the rest of the recent activity, across the street from the dream house, 2928 Via la Selva, priced at $2,899,000 ($610/foot) is in escrow, and further east near the school, 3728 Via la Selva closed at $1,403,000 ($737/foot) on February 1. If you are a buyer, inventory is still lean with only 6 homes on the market (3108 Via la Selva fell out of escrow and is back on), and 2544 Via Anita is the only new home to see. As for 2544 Via Anita, it’s a nicely finished two story home with the living space and two bedrooms upstairs, with two more bedrooms and a family room downstairs that opens to a deck and nice yard. It’s priced slightly below last year’s average price/foot at $1.795m ($650/foot) which is fair considering the recent updates and spacious living spaces.
I anticipate an improvement in inventory as we move closer to Spring, but for now, it’s slim pickin’s for the buyers out there and prime time to be a seller in Valmonte.