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  • How’s the (Real Estate) Market?

    Posted on October 21st, 2015 acimetta No comments

    How’s the real estate market?

    If you ask agents in the South Bay what’s going on with the market, you get some puzzled looks.

    The market that was red hot, all of a sudden is not. And it’s hard to put a finger on what is happening, whether it’s an anomaly or a sign of a downtrend or if we’re just plateauing.

    I personally think we’re stuttering, but it may be indicative of a few environmental and economic conditions that may be temporary.

    1. The volatility of the stock market was undeniably sobering. Whether people lost money or were just fearful that they were going to lose money, it put a damper on buyer mentality. Buyers may have pulled back, as they do, when they don’t feel flush with cash. As the market settles down, this feeling goes away and buyers may resume their hunger for purchasing real estate.

    2. We all know that a great part of the southern California market has been propelled by Chinese money. And as of late, the exchange rate has shifted in favor of the USD. Costing them 10% more, the Chinese buyers seem to have pulled off from their purchasing frenzy…  for now. On top of this, and maybe more importantly, the Chinese government has put new caps on the amount of yuan that can be withdrawn outside their country.

    3. And finally, it’s hot. I mean it’s really hot. I go so far as saying, it’s “Africa hot”. I believe that the heat wave that has hit Los Angeles and the Beach Cities has an impact on real estate. And why not? We know that horrific winters on the east coast put a halt to the market there. It’s been so hot here in the South Bay… Hermosa, Redondo and Manhattan Beach have been experiencing weather in the high 80s which is normally unheard of at the beach. And people don’t know how to cope with it. There’s very little A/C, very little reprieve.  I think to some extent people have actually been beaten by the heat. So there’s little motivation to go shopping for a home when all you want to do is stick your head under the faucet… which is not even kosher in the drought that we’re having.

    So we’ll see in the coming months which direction the stock market and the temperature take. And we’ll see if this is just a hiccup or a sign of a slowdown to come.


  • Hello, Halloween!

    Posted on October 15th, 2015 acimetta No comments

    It’s scary how much spooky-fun is to be had this month! “Witch” events will you attend???

    For full event details and information, click on links.

    Every Thurs thru Sunday (Nov 1 Finale):  Universal Studios Horror Nights

    All Month at Dark Harbor in Long Beach:  The Queen Mary

    All Month at Knott’s Berry Farm:  Knott’s Scary Farm

    Oct 23-25: Long Beach Zombie Walk

    …..and for SO MUCH MORE CLICK HERE!!!



    ***AND PLEASE!!! Everyone be safe, alert, and have lots of batty batty fun this Halloween!!!

  • Redondo Beach Movie Night

    Posted on October 9th, 2015 acimetta No comments

    Anderson Park Baseball Field in North Redondo

    What to do on Friday night in Redondo Beach?

    There’s still time to head over to Lincoln Elementary in North Redondo Beach and enjoy a family movie night on the baseball field. Food trucks, friends & fun!!

  • It’s a Very Special Time of Year!!!

    Posted on July 9th, 2015 acimetta No comments

    For full event details and information, click on links.

    July 10-12: South Bay Greek Festival: 50th Year Celebration South Bay Greek Festival at St. Katherine’s!

    July 13-18thUSA Volleyball HP Championship: It’s for ALL the marbles!!! Or in this case, seashells???

    July 16-19th: 48th Annual Manhattan Beach Open Tennis Tournament: Go to “court” and leave your daily “racquet” behind. ;)

    July 19th: Concerts in the Park: Blue Breeze Band (Motown, R&B, Soul, Funk, Jazz, and Blue). That’s too cool not to do.

    July 21-25th: Special Olympics: Hermosa Beach is a proud host of the World Games LA!!!


  • Happy Father’s Day and Hello, Summer!!!

    Posted on June 18th, 2015 acimetta No comments

    Happy Father’s Day and Hello, Summer!!!

    For full event details and information, click on links.

    June 21:  Pig Out With Pop at the Shade Hotel: Happy Father’s Day!!!

    June 27th: Ultimate Fitness Expo: Get your Beach Bods back!

    June 27th2nd Annual Bierfest: The Euro Bierfest features the best imports from the continent!

    June 28thTorrance Antique Street Faire: Vintage Shopping in Old Torrance

    June 28thSalute to the Troops: Picnic & Concert in Polliwog

  • What To Do in Early June

    Posted on May 29th, 2015 acimetta No comments

    Looking for things to do in or out of South Bay in the upcoming weeks?  Add some of these events to your life and spice up your summer. Enjoy!

    For full even details and information click on links.

    June 3rd-7th:  Art Exhibition: Been There-Done That-Doing This :Featuring a solo exhibition of paintings and drawings executed by Jim Murray over the last four decades.

    June 6thVolleyball Ventures Tournament: Our favorite Beach Sport!

    June 7th: Hermosa Beach Fine Arts Festival: Previously known as The Hermosa Beach Art Walk

    June 8thHermosa Beach Singles Fiesta Love & Key Party: Meet & Mingle!

    June 10thRock ‘n’ Roll Billboards of the Sunset Strip: Love the beach life but let’s not forget about Hollywood!

    June 13thUSAV Jr. Beach Tour HB Open: More of our favorite Beach games!

    June 13th&14thSpecial Olympics Hands Project: Add your handprints to the new portable wall celebrating the Special Olympic World Games.

  • Redondo Beach Listing of the Week

    Posted on January 29th, 2015 acimetta No comments

    The deeper lot size allows for a much larger backyard than is typical in the Golden Hills.

    Just finished up with Brokers. My favorite new house on the market is 1719 Reed Street (Brokered By RE/MAX Estate Properties) in the Redondo Beach Golden Hills.

    What makes this house special is the lot size. It has 1,000 more square feet than the typical “Tall & Skinny” lot. Because it’s street to alley, you get a nice sized patio and a deeper backyard – it makes a huge difference!  Also this home has 4 bedrooms instead of the usual 3. It gets nice light and has a good feel over all!



  • Big Change in California’s Real Estate Purchase Contract

    Posted on January 28th, 2015 acimetta No comments

    Tenting a home for fumigation can cost a couple thousand dollars depending on the home’s cubic feet.

    In southern California where the majority of Realtors use CAR’s residential purchase agreement to make an offer, there have been a number of changes to the contract for 2015.  (CAR = California Association of Realtors).

    One of the biggest changes – which could potentially restructure how buyers and sellers negotiate – is the removal of the WPA form. WPA stands for Wood Destroying Pest Inspection. It’s basically the form buyers includes with their offer that stipulates that sellers will pay for a termite report as well as any Section 1 items identified on that report. Section 1 items must be fixed prior to the close of escrow (lender requirements) and usually include termite infestation and dry rot among other things. These two are usually the big ticket items. And although these points are negotiable (as is everything in the contract), it was standard practice for sellers to pay for Section 1 items. This was handled up front with the offer. Sellers accepted the fact that this was a standard expense to selling a home. Then when buyers come back with a Request for Repairs, all repairs would be over and above the termite work.

    But in 2015, the WPA has been eliminated. Potentially, buyers can still request termite work up front in the offer. And this will probably happen for some time to come. Eventually, however, the process will evolve and termite work will become part of the negotiations for repairs.

    The biggest impact from this change is that sellers won’t automatically feel it’s their responsibility to do the termite work, i.e. tent their home for infestation, replace rotted wood with fresh wood. And sellers can simply say they won’t do the work. Of course, they will be more apt to do the work in a buyers’ market and probably less willing in a sellers’ market. These can be expensive repairs and buyers may have to get used to incurring this expense as time goes on.


  • Buyers Pay for Pretty

    Posted on January 20th, 2015 acimetta No comments

    It’s the homes that are all dolled up that sell for the most money. I see it time and again. In this market, buyers are flocking to the properties that are plug and play, meaning they don’t need to do any work. There’s an emotional tug that comes with new floors, custom paint, crown moldings, tastefully remodeled bedrooms and baths. Note to seller: if you’re looking for a higher price, you may want to consider some smart upgrades. For many of my listings, I’ve encouraged my clients to do some minor remodeling. If for every dollar they put in,  they can get back $3-4, then it’s worth the effort. It may even be worth it if you can double your investment.Case in point, 1918 Farrell Avenue in Redondo Beach came on the market this week. It immediately got a tremendous amount of traffic. This home was purchased at the end of 2012 (just before the crazy growth) for $661,000. The new owners remodeled the home and re-listed it now (3 years later) for $925,000. And it will probably sell for more. For one, there is still very little inventory out there. Two, this house looks all shiny and new. It’s a quality remodel, the owners definitely improved on the house… and they didn’t have to change the footprint at all. Buyers walked through this home and got a warm and fuzzy feeling. By the end of the weekend, there were multiple offers and although the offer prices were not made public knowledge, I can safely assume that they are at least at the asking price, if not higher.

    Note to Buyers, if you want a deal, if you have to buy the ugly house. Or maybe I should say, the ugly duckling. Because with some work, it can be just as pretty, but you probably didn’t have to pay as much money. Now, in crazy seller’s markets, you usually have to pay a premium on everything, but we’ve slowed down a little now in the Southern California. There are homes in Hermosa, Redondo and Manhattan Beach that are staying on the market longer. There could be deals to be had, but you have to be willing to pick up a hammer or pay someone to do it for you.



  • Hermosa Beach Drilling on the Ballot

    Posted on November 19th, 2014 acimetta No comments

    It’s official. On March 3rd, Hermosa residents will be able to vote on oil drilling in Hermosa Beach. The vote had been postponed until a mid year ballot. Some people think E&B purposely got the vote delayed because fewer people come out to vote in the mid year elections. So get out there and vote to stop drilling! I would hate to see Hermosa be over taken by the oil drilling. It threatens the integrity of this small beach town, and puts the town at unnecessary risk of oil spills, accidents, pollution, traffic congestion.

    This Saturday, November 22nd, you can join in the efforts to get the word out. Canvas the Neighborhood is from 9 am – 1 pm. Meet at South Park at 425 Valley Park in Hermosa Beach.