Posted on October 9th, 2015 No comments
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!!
Posted on July 9th, 2015 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 13-18th: USA 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!!!
Posted on March 20th, 2014 No comments
A couple of new listings that came on the market this week in North Redondo Beach have set price tags that are pushing the envelope. It will be a great litmus test to see if the market is in deed still climbing at a steady pace as we move into the heart of 2014.
2022 Warfield Ave, #1 is a corner, detached townhome. These corner units are extremely popular because they feel like single families with their own, private driveway and what feels like a defined space, separate from your neighbor who shares the lot with you. The townhome on Warfield has a lot of space. The floor plan is not cookie cutter, and the kitchen has been updated. On the other hand, there is carpet throughout instead of hardwood (albeit, new carpet), and the bathrooms are original. This is a 1990 build. No other corner townhomes, built from 1988-1995 with less than 2600 sq feet have sold for more than $836,000, according to the MLS. This was the sales price for 2509 Phelan Lane which sold in October 2013. However, 2023 Nelson Ave, also a corner 1990 build, went into escrow after 12 Days on Market with an asking price of $899,000. This townhome also has an updated kitchen, but bathrooms.
Then we have 2114 Huntington Lane, #A. This is a detached front townhome that was built in 1990 as well. It has the older floor plan with the living room, family room, formal dining room and breakfast nook. The bathrooms haven’t been updated in this one either. The kitchen has granite counters, and laminate floors were installed throughout the downstairs. The home does have a nice feel. It gets good light. The seller is asking $849,000. The last attached townhome that sold with similar condition and square footage was 1908 Havemeyer Lane, #A which sold for $830,000 in June 2013.
The trend is becoming clear. Buyers are spending more money and getting less. If you want to buy a newer townhome or one with an upgraded kitchen and bathrooms, you will be easily pushing $900,000. Case in point, 2517 Huntington Lane, #A is a 2005 built, detached townhome. It shows very well with some nice upgrades. However, it’s only two blocks from Inglewood Avenue. This property still got 7 offers, at least a few of them were over the asking price of $899,000.
If inventory stays as tight as it has been, prices will continue to rise. What you could buy for $905,000 today could be $935,000 a few months down the road.
Once this listings close, I will circle back around to this analysis and confirm if the trend is still moving on up.
Posted on March 14th, 2014 No comments
405 S Gertruda Avenue in South Redondo Beach has been on and off the market over the past few years. It’s a lovely home with a lot to offer. And yet it hasn’t had an offer that has sealed the deal. This gives us an opportunity to look at one property over 3 distinct time periods in the South Redondo Beach real estate market.
Here’s the history: The home was purchased in September 2005 for $1,480,000. As we all know, this was a market on an upswing. Sellers could do no wrong. Homes sold themselves and prices climbed quickly. Then in January 2010, the homeowner put the home on the market for $1,765,000. It was on the market for approximately 3 months. It didn’t sell, and not surprisingly. The market had pretty much come to a stand still, and in many cases prices had dropped back down to 2005 levels. There was no way this home would sell for $300,000 more than what it sold for in 2005 – not in this market. And it wasn’t going to sell at $1,685,000 later in the year when it was put back on the market again.
Fast forward three years, and the home was listed for sale in July 2013 for $1,875,000. This was in the middle of a very hot market. But it’s also been a fickle market. Buyers have gone gangbusters on many properties and activity is rather subdued on others. And South Redondo seemed to languish behind North Redondo, Manhattan Beach and Hermosa Beach. After four months the listing was canceled. And now, in March 2014, it’s back on the market for the same price.
Is there going to be anything different this time? One of its neighbors, 413 S Gertruda, sold in October 2013 for $1,700,000. It’s newer but smaller by about 500 sq feet. If 405 S Gertruda ultimately sells close to its asking price, then we are still in a very upward mobile market. But based on this recent comp, I would deduce that the value is below the $1.8 mark and not above it.
405 S Gertruda shows very well. The views are gorgeous and the roof top deck is extremely usable. I’m not a fan of all the spiral staircases. (Loved them when I was a kid… could run up and down them all day long. But now I just get an awesome case of vertigo.) The neighborhood views are also picturesque. The kitchen is beautifully updated. The master bathroom is lovely. This house gives you a lot of space on a great street with great views. But it’s my feeling that it’s going to need to come down in price before someone is ready to step up to the plate. With that being said, there have been plenty of people stepping up this past year, setting new benchmarks. Only time will tell.
Posted on January 31st, 2014 No comments
On Brokers this week (listed by South Bay Brokers) was a 849 Avenue C. Completed a few months ago, this 4000 sq foot home is a work of art. Designed by Michael Lee, a local Manhattan Beach architect who is deft in modern/contemporary architecture, this home has beautiful indoor/outdoor space. The photos I’ve posted are taken from outside by the pool which does or does not have to be separated from the living area by fully retractable floor to ceiling sliding glass doors. There is a dedicated viewing room downstairs with large theater style seating. The home is stunning.
Posted on January 15th, 2014 No comments
Measure Q is at work in the Redondo Beach Unified School District. Over the holidays, construction started at 12 campuses for solar shade structures. These structures offer shade for cars in the parking lot while simultaneously creating solar power for the schools which should help reduce their utility bills. The hope is that with the savings the schools can reallocate funds to other areas.
The above photo is of the parking lot at Lincoln Elementary in Area 151 of North Redondo Beach.
Besides the solar shades, other projects include technology infrastructure and computers for students, new and replacement athletic fields, upgrade emergency communication, new classrooms, and security fencing.
Posted on November 19th, 2013 No comments
Selling your home is a big project… daunting at times. But if you put enough prep work into it, you can sell it quickly. In fact, the more effort you put into readying your home for sale, can actually shorten the amount of time it takes to sell it.
My latest listing in Redondo Beach is the perfect example. My clients and I sat down and made a thorough To Do list.
1. The first thing on their list was to rent a storage space. We needed to de-clutter their house. By re-arranging their furniture and eliminating some bulky pieces, we were able to properly display the floor plan and create a warm, inviting space. And since they would be moving anyway, it didn’t hurt to get a jump start on some of their packing.
2. We identified certain upgrades in the house that would bring the most bang for their buck. For instance, all the appliances in the kitchen were stainless steel except for the dishwasher. A $500 investment in a new dishwasher helped us complete the updated, polished look for the kitchen. Painting a light, neutral color in the living space freshened the home up and made it even lighter and brighter. And painting the exterior wood and trim gave the house an affordable and quick face lift. Finally, we replaced all the interior doors from a flat wood to paneled doors, immediately giving the home a more modern feel. They cleaned up the yard and planted some flowers to add some color.
3. They took care of some minor repairs prior to listing.
All in they spent approximately $10,000 but effectively raised their home from a $725,000 price point to a $775,000 price point. That’s what I call a good return on their investment! And they sold their home in 2 days with multiple offers.
There’s no one way to do this. Each home is different; each market is different. But it’s always a good idea to evaluate your home’s condition and determine if there’s anything you can do to improve how your home shows.
Of course, not all sellers have money to spend prior to selling, and that’s okay too. You do what you can and some projects can be done relatively inexpensively such as doing your own gardening. Or if you don’t want to spend money on a storage unit, you can get away with storing things in your garage. Sometimes power washing the outside of your home will do wonders, and it’s much less expensive than painting.
But most importantly, if you need to sell your home As Is without making any repairs or upgrades, then it’s crucial to market it accordingly. There’s nothing worse than touting a home with a gourmet kitchen and disappointing would-be buyers when they walk into a kitchen from the 1950s that has never been updated. You’re setting yourself up for failure. I’d rather have clients pleasantly surprised when they walk into a home, then standing there trying to figure out from which angle the photo was taken because the room looked so much bigger online.
Posted on October 8th, 2013 No comments
I have a listing coming up in North Redondo. 2215 Curtis Ave, #A is a front unit on a two-on-a-lot. It will be on the market the first week of November.
It’s an adorable 3 bedroom detached townhome built in 1984 with 1923 sq. feet. There are hardwood floors throughout the downstairs. The kitchen has newer stainless steel appliances and granite counters. There is a breakfast nook, separate dining area and living room. When you walk in, you feel like you’re in a traditional single family home. All the bedrooms are upstairs. The master bedroom has been remodeled. There are all new interior doors. There is a large upstairs deck, front balcony, a back patio and a fenced front yard.
This home is located in the Madison Elementary school district. It’s walking distance to Anderson Park and it’s located in a great neighborhood.
Photos coming soon!
Posted on September 19th, 2013 No comments
Redondo Beach Brokers Open Today
Of all the listings I saw today, my favorite was 520 N Guadalupe, #C in South Redondo. I’ll be honest… I wasn’t crazy about climbing all the stairs to the front door, but it will be easier from the garage. This town home has nice ocean views from the master bedroom. But what it also has is tons of space. This home feels substantial. And the back patio is lovely with stone and a fountain. The kitchen is great too. This home needs some updating, but it is, without a doubt, move-in ready.
Posted on September 19th, 2013 No comments
I just sold 602 S Broadway, #A Redondo Beach, CA 90277. It’s a lovely 3 bedroom front unit town home in South Redondo, just a few short blocks to the beach and close to Rivera Village. We closed yesterday and my clients can’t wait to start enjoying life at the beach! They purchased the property for $1,175,000 – 9% below the asking price. This home was a great buy for several reasons. The location is amazing. It’s a 3 bedroom, but the floor plan will allow for a 4th bedroom and additional square footage which will help build equity in the coming years. The traditional floor plan gives this town home the feeling of a single family home. The sellers did a good job maintaining the home and with some updating to current styles, this property should continue to increase in value.