south bay
™
WWW.SOUTHBAYDIGS.COM JANUARY 18, 2013
FIND YOUR PLACE.
THE DAILEy house by richard neutra A Landmark of Mid Century Modern Living | Palos Verdes Estates
{ a look back } market recap 2012 year-in-review
OFFERED BY CHUCK BENNETT | RE/MAX ESTATE PROPERTIES CHECK THE DETAILS ON PAGE 29
inventory is really low...
its a great TIME TO SELL
NEW CONSTRUCTION COMING! MANHATTAN BEACH HILL SECTION
1026 1ST STREET, MANHATTAN BEACH COMPLETION SCHEDULED FOR EARLY SPRING This gorgeous Santa Barbara Style home offers tremendous Ocean Views with 3,600 square feet of living space plus a basement suite. 5 Bedrooms, 5 Baths, a great room facing unblockable views, with a covered balcony that extends the space with pocketing doors that open the house wide towards the views. Two other large covered balcony’s give this home a unique and warm appeal, that will be accentuated with 10” plank hardwood floors, stone floors, custom cabinetry, elegant ironwork and beamed ceilings. Elevator ready and smart home ready.
Priced at $3,499,122
MANHATTAN BEACH WALK STREET
234 16TH STREET, MANHATTAN BEACH WALK-STREET CORNER WEST OF HIGHLAND! • • • • • •
Nearly 5,000 square feet (BTV) with 5 bedrooms, 4.5 baths and an office Newer kitchen with stainless appliances, granite counters, gleaming wood cabinetry, custom hardwood floors The Moorish formal dining room feels like an intimate Bedouin tent Lower level was recently gutted and remodeled with sliding doors that open 16 feet to the walk street Spacious walk street courtyard has a fountain and built in lounge and firepit 4-car garage plus additional parking
Amazingly Priced at $3,395,122 www.234Sixteenth.com
RobertFreedman Twitter.com/LetFreedmanRing
310-291-7779
Neighborly Lending
“For our home mortgage we did the research and chose a lender that's not vanilla. Bank of Manhattan was competitive, easy to work with and cared about our financial goals. And their banking solutions are the icing on the cake. We Bank Manhattan.” -Todd & Brigid Becker, Beckers Bakery & Deli
Dear Neighbors, BANK OF MANHATTAN’S mortgage management team understands what it takes for loan officers to be successful. We set high service standards, offer competitive pricing and provide alternative mortgage solutions in addition to the commoditized mortgages of the big banks. Local presence ensures our clients will have peace of mind in knowing their loan officers have personal relationships with the Bank’s underwriting, processing, and closing teams – ensuring a seamless mortgage experience.
Christian Salceda SVP, Western Region
Trust. Partnership. Security. Commitment.
310.798.5501 | www.bankofmanhattan.com South Bay • West Los Angeles • Woodland Hills • Orange County • San Diego • Santa Barbara BOM is an equal opportunity employer; for confidential consideration for employment please send your resume to csalceda@bankofmanhattan.com
Christopher Almonte 310.798.5508
Beth Antilla 310.606.8045
David Curry 310.606.8028
Jim Darr 310.798.5518
Todd Fite 310.798.5512
Eric Formiller 310.321.1425
David Gentry 310.798.5507
Karen Georgouses 310.798.5516
Ron Goodlin 310.798.5514
Rick Heard 310.606.8011
Nate Kuchera 310.798.5504
Bree Noble 310.321.1424
Jim Pickett 310.798.5519
Josh Reikes 310.798.5509
Dave Rooker 310.622.1130
Victoria Schafer 310.798.5506
Malcolm Stevens 310.350.6252
Marcie Tatman 310.606.8035
Adam Zahn 310.798.5540
30 Year Fixed, NO Points, 3.750% (3.786% APR), $1,500,0001 New Payment: 1-360: $6,946 30 Year Fixed, NO Points, 3.500% (3.690% APR), $417,0002 New Payment: 1-360: $1,872 Payment examples do not include taxes and insurance; actual payment will be greater. Example #1 assumes a loan of $1,500,000 loan amount financed at the rate, APR, term noted above at maximum 80% loan-to-value, 34% DTI, with a 740 credit score and 1 year prepayment penalty may apply. Example #2 assumes a purchase or refinance loan of $417,000 loan amount financed at the rate, APR, term noted above at maximum 75% loan-to-value, 45% DTI, with a 740 credit score and no prepayment penalty. Nothing herein is or should be interpreted as a commitment to lend. All loans are subject to credit and property approval. Rate and Annual Percentage Rate (APR) stated above are as of 1/7/2013. The payments noted above are principal and interest payment. Terms may vary, conditions and restrictions apply. Actual rate for the loan is determined at time of rate lock based upon program and terms requested. Rates and terms are subject to change without notice. NMLS# 401422 Š2013 Bank of Manhattan, N.A.
LILY | LIANG Presents:
Designed By a Celebrity Athlete with All Amenities $6,500,000
www.ViaCoronel1696.com
65 Paseo De La Luz, Rancho Palos Verdes $3,950,000
www.65PaseoDeLaLuz.com
Palos Verdes’ Finest Homes & Estates for over 29 years!
1271 Via Landeta, Palos Verdes Estates
605 Paseo Del Mar, Palos Verdes Estates
$2,598,000
Lease at $17,999 a month
www.1271ViaLandeta.com
www.FrenchChateaubytheSea.com
Private Beach in Rancho Palos Verdes $1,290,000
Terranea $1,495,000
www.PrivateBeachInRPV.com
www.LilyLiang.com
LILY | LIANG 310.373.3333 www.lilyliang.com | lily@lilyliang.com dre #00837794
JACK GILLESPIE ********* YO U R R E A L E S TAT E B R O K E R FOR 38 YEARS
1210 5TH STREET, MANHATTAN BEACH This expansive home is located on a highly sought after tree-lined street in Manhattan Beach with an ultra private front courtyard and 3 car garage. With over 5,000 sq. ft. of living space this home is a family’s dream, which features 5 bedrooms, 4.5 bathrooms, 2 family rooms, gourmet kitchen, formal dining room, 2 entry wet bar and huge master suite with an oversize walk-in closet + bonus room/office. It is both spacious and magnificent in every way. Sitting on an 8,500 sq. ft. lot this home features a beautifully landscaped backyard with a tree playhouse and eating area - perfect for entertaining on a hot summer’s day. It’s a must see!
$2,375,000
EXPERIENCE IS EVERYTHING ********* K N OW L E D G E , P R O F E S S I O N A L I S M , U N D E R S TA N D I N G , AC C O U N TA B I L I T Y, A N D C R E AT I V I T Y
41 16TH STREET IN HERMOSA BEACH This 6 beds, 5.5 bath walk-street home has both state-of-the-art features & supreme architecture w/ 4,100 sq. ft. of living space & just steps away from the sand & ocean! The walk-street patio has both an outdoor fireplace, fire pit & Lynx BBQ w/ Tucci umbrellas. The sliding glass doors open to the Living Room which features a fireplace, Porcelain tile floors w/ wood appearance, wet bar w/ refrigerator & onyx flooring, Mahogany cabinets, Control 4 smart home audio, video, security & lighting. In the kitchen you will find Thermador appliances, stainless steel double ovens, both refrigerator & freezer w/ wood cabinet fronts & lower drawers & Quartz counter tops. The marble staircase leads up to the 2nd floor Master suite w/ a fireplace & walk in closet. Master Bath has a state of the art Numi toilet w/ custom controls-as well as a custom control shower & heated flooring. The 2nd floor also includes a projection room & guest quarters with 2nd Master suite.
$5,250,000
(310) 802-4344 JACK.GILLESPIE@SOUTHBAYBROKERS.COM DRE # 00426498
SELLS PROPERTY FASTER AND AT A * HIGHER PRICE IF YOU ARE CONSIDERING SELLING? WHY WAIT?
*SINCE 2000 SOUTH BAY BROKERS’ CLOSED LISTINGS HAVE HAD THE LOWEST AVERAGE DAYS ON MARKET & HIGHEST AVERAGE SALES PRICE OF THE TOP FIVE PRODUCING BROKERAGES IN THE SOUTH BAY CITIES. ~ SOURCE: TRENDGRAPHIX 10/10/2012 (EL SEGUNDO, HERMOSA BEACH, MANHATTAN BEACH, REDONDO BEACH, & TORRANCE)
310.546.7611
WWW. SOUTHBAYBROKERS. COM
HUGE OCEAN VIEWS IN THE HERMOSA HILL O SU PEN N H ,1 O -4 U PM SE
663 LONGFELLOW AVE, HERMOSA BEACH SITUATED HIGH UP ON THE HERMOSA HILL, THIS BEACH HOME OFFERS HUGE OCEAN VIEWS AND AN OPEN FLOORPLAN. R
3 Beds, 3.5 Baths, 2,567 sq. ft. (BTV)
R
Separate Downstairs Family Room off the Entry
R
Hardwood Floors
R
Corian Countertops in Kitchen
R
Open Family Room with French Doors that lead to a Large South Facing Deck with Big Ocean Views
R
Large Master Bedroom with Huge Walk in Closet
R
Steps to the Beach, Hermosa Valley School and Park
R
Pristine Showing Condition
Offered at $1,499,000
BEST VALUE IN THE MANHATTAN VILLAGE
30 CAYMAN COURT
www.JohnAltamura.com
R
Plan 2 Court Home with 2 Beds, 3 Baths and 1,557 sq. ft. (BTV)
R
Hardwood Floors with Fireplace off the Entry
R
Private Patio off Family Room
R
Updated Kitchen with Sunny Balcony
R
Vaulted Ceilings in Master Bedroom
R
Very Bright and Clean
310 546 7611
Offered at $779,000
In the Top 1% of ALL Realtors in America in Residential Sales for the Past 20 Years
310.309.7595
310.291.5603
310.503.9293
ALTAMURA1213@GMAIL.COM
ALTAMURA1@GMAIL.COM
ALTAMURA1@GMAIL.COM
Vincenzo
John
Giovanni
2013 Resolutions 1. Lose Weight 2. Save Money 3. Spend More Time With Family 4. Reduce Stress 5. Eat out Less
4 OUT OF 5 RESOLUTIONS CAN BE ACCOMPLISHED WITH ONE CALL TO YOUR REALTOR ®
Tony Accardo Email: Tony@BeachCityTony.com • Direct: 310-855-3557 • Facebook.com/BeachCityTony.Page All information from reliable sources but not guaranteed. Buyer and Buyer’s Agent to verify.
DRE# 01863340
BEACH CITY REAL ESTATE ANALYTICS: COMPARING 2011 VS 2012 REGION
2011 PPF
2012 PPF
GROSS CHANGE
NO OF UNITS SOLD 2011
NO OF UNITS SOLD 2012
UNITS SOLD CHANGE
RANCHO PALOS VERDES - EAST
$398
$383
-3.85%
77
78
1.30%
RANCHO PALOS VERDES - WEST
$441
$437
-1.28%
254
319
25.59%
ROLLING HILLS
$660
$712
7.79%
18
19
5.56%
ROLLING HILLS ESTATES
$428
$436
1.84%
37
72
94.59%
PALOS VERDES ESTATES
$533
$550
3.57%
166
167
0.60%
SOUTH REDONDO BEACH
$431
$436
1.22%
280
314
12.14%
NORTH REDONDO BEACH
$347
$347
0.07%
357
423
18.49%
HERMOSA BEACH
$582
$649
4.33%
136
195
43.38%
EAST MANHATTAN BEACH
$474
$499
5.32%
124
151
21.77%
MANHATTAN BEACH
$714
$765
5.57%
268
292
8.96%
ALL BEACH CITIES (MEDIAN)
$506
$521
2.46%
1,717
2,030
18.23%
Reporting source from the MLS database for Single Family Homes and Townhome units (not including condominium or other property types). “PPF” Price Per Foot. “Supply” includes pending sales. ‘South Redondo Beach’ includes the Hollywood Riviera.”
TONY’S BLOG For as many years as I can remember my father has been blaming the media for our social problems and where I tend to disagree with him on several things, I’ve come embraced this wisdom. The news told us we’ve got more economical problems ahead, more illnesses to be discovered, more frequent violence to expect, and global warming is making it impossible to be in the sun without sunscreen... In fact, if you really break it down to how frequently we are exposed to our news from the various resources, our lives are entirely too stress filled so I’ve officially renamed CNN in our home to “Dopamine Cancer”. Sure the news applies to all of us but I’ve found how you process this data is pivotal to your inner happiness and ultimately your heath. Exercise, helping others, interacting with kids, dancing, being with friends, all produce happiness and our intake requirements vary from person to person. Let’s talk about Real Estate Happiness. Many homeowners express fear about their home’s valuation and many home Buyers express concern about overpaying - irony right? Inventory levels continue to be tight and we’ve become a community loaded with people looking to make a change of residence and being entirely too influenced by fears which are no more than an inaccurate perception. I suggest the healthier approach... make an appointment with your real estate professional, learn more about your ability to obtain a loan, and get out to to see homes for sale and let your naturally produced happy dopamine help direct you to a happier place (literally and figuratively!) There is nothing more rewarding in my business than hearing from past clients about how thankful they are they made the decision to move when they did - a statement driven by their emotions and I call that Happiness!
(Visit Tony’s web site regularly to see more blogs and videos)
WANTED HOT SHEET MAX PRICE
AREAS
BEDROOMS
SPECIAL REQUESTS
$15,000,000 $9,000,000 $5,000,000 $3,000,000 $3,000,000 $2,300,000 $2,000,000 $1,800,000 $1,600,000 $1,600,000 $1,300,000 $1,000,000
North Hermosa/Manhattan Rolling Hills Rolling Hills Rolling Hills Hermosa/Redondo Beach Rolling Hills PVE, Redondo Beach Manhattan East/Trees Manhattan Sand South Redondo/Hermosa.Manhattan Rolling Hills Estates South Redondo Beach
3 or more 5 or more 5 or more Land Only Income Property 3 or more 3 or more 4 or more 3 or more 4 or more 3 or more Land Only
New Construction Strand Horse Property, Pool Workshop/Barn, Pool View Turn Key Preferred Fixers welcomed Ocean View Updated Preferred Updated Preferred Turn Key Preferred Fixers welcomed View Preferred
“Buyers represented by Tony Accardo are financially pre-approved. Please contact us directly (or ask your Real Estate professional to contact us) for a confidential conversation about connecting these families with your property”
BEACH CITY TONY
WHERE BUYERS AND SELLERS CONNECT
manhattanbeachstrandproperties.com foreclosedincomeproperties.com newhomesbeverlyhills.com foreclosuresforbuyers.com
housesforveterans.com
hermosabeachincomeproperties.com
foreclosuresredondobeach.com
foreclosuressouthbay.com
hermosabeachstrandproperties.com newhomesmanhattanbeach.com newhomestorrance.com
newhomesredondobeach.com
housesforveterans.com
newhomeshermosa.com
foreclosuresredondobeach.com
newhomessouthbay.com
manhattanbeachinvestments.com
Rick Thomas
Dean Thomas
Susan Earnest
Eric Conrad
DAN ARGUELLES
RickThomasRealEstate.com
DeanThomasRealEstate.com
SusanEarnestRealEstate.com
EricConradRealEstate.com
DanArguellesRealEstate.com
310-291-1900
310-874-1010
310-245-1279
SERVING THE SOUTH BAY SINCE 1979 THE RIGHT ENERGY FOR YOU! NEW MANHATTAN BEACH OFFICE! 1145 HIGHLAND AVE, MANHATTAN BEACH
310-993-3124
310-974-2330
Branch Offices Available Hiring Experienced Agents Contact Jan Thomas 310-874-2451 Jan@eRealEstateCorporation.com Visit www.eRealEstateCorp.com
SUPERIOR CUSTOM DESIGN BOUTIQUE APPROACH I N T E G R AT I V E P R O C E S S
DESIGNING DREAM HOMES I N S O U T H B AY F O R 2 7 Y E A R S !
T 31 0. 3 7 2 . 5 5 8 0
F 31 0. 31 8. 5 8 01
1 1 9 W E S T T O R R A N C E B LV D . S U I T E 2 4 R E D O N D O B E AC H , C A 9 027 7
DOUGLAS@DJLEACH.COM
120 28TH STREET, HERMOSA BEACH NEW CONSTRUCTION SINGLE FAMILY HOME BY CARAS HOMES 5 Bedroom, 4.5 Baths, Huge Ocean Views, Roof Top Deck Family Room, Living Room, Dining Room, 3 Stop Elevator, Outdoor Beach Shower Much, Much, More... Call for Price and Plan Review
Completion Summer of 2013 LORIE O’CONNOR 310-372-0500 OLorieO@aol.com
DAN O’CONNOR 310-261-7756 Dan@OConnorProperty.com
JAN PRESLO
Senior Vice President Division Manager – Retail Lending
NMLS# 485771
jan.preslo@nafinc.com
ELI FAIRFIELD
JAMES KAY
ROSS THAYER
NICK DO
eli.fairfield@nafinc.com
james.kay@nafinc.com
ross.thayer@nafinc.com
nick.do@nafinc.com
Branch Manager NMLS# 411752
Senior Loan Consultant NMLS# 485551
Senior Loan Consultant NMLS# 254802
310.991.8079 1230 ROSECRANS AVENUE,SUITE 402, MANHATTAN BEACH, CA 90266
Senior Loan Consultant NMLS# 485767
Happy New Year! WISHING YOU A
JustinMiller 310.619.9389 mrjustinmiller@gmail.com
www.tolivebythesea.com DRE # 01425870
NEW LISTING!
Gorgeous
To Live, Live By The Sea
NEW LISTING!
MEDITERRANEAN TOWNHOME
2111 Mathews Ave #A Redondo Beach 3 BD 2.5 BA 1,812 SF Built in 2003, this is an attached front unit of three on a lot. Open floor plan with living room, kitchen, dining room, master bedroom with large patio on second floor, two bedrooms on the first floor. Nice high ceilings, stainless steel appliances, beautiful hardwood floors and travertine throughout. Great North Redondo location walking distance to shops and restaurants.
$679,000
Live
THE MARINA LIFESTYLE
4600 Via Dolce #2303 Marina Del Rey 2 BD 2BA 1,480 SF Located in the heart of the Marina, this spacious unit features hardwood floors in the living room, dining room and kitchen, granite counters and stainless steel appliances. Fireplace in the living room, wet bar, laundry inside the unit and enclosed patio off of living room and master. Close to local beaches, restaurants and shopping. Venice beach and hip Abbot Kinney Blvd just a bike ride away.
$609,000
WWW.SOCALHOMEINFOSEARCH.COM
BEACH CITY BROKERS IS PLEASED TO ANNOUNCE JUSTIN MILLER AS THEIR
#1 TOP PRODUCER FOR 2012!
IN ESCROW
2014 ROBINSON ST, RB - $1,199,000
IN ESCROW
IN ESCROW
313 2ND ST, HB - $1,089,000 2019 ERNEST AVE, RB - $679,000
www.HomesInRedondoBeach.com
www.HomesInHermosaBeach.com
GARYEL Integrity + Hard Work =
RESULTS
OPEN HOUSE SAT/SUN 1-4P
JUST COMPLETED
LIKE NEW COMPLETE REMODEL • 4 Bed, 2 Bath, approx. 2,500 sq. ft. on a huge 6,100 sq. ft. lot • On a beautiful, mature, tree-lined street in South Redondo • Everything new including roof, plumbing, electrical, windows, landscaping and professional kitchen with center island and all Viking appliances • Soaring vaulted ceilings • Deck with greenbelt views overlooking rear yard with built in BBQ and fire pit • Extra large family room with fireplace and walk-in wine cellar • Hardwood floors throughout • Two short blocks to award-winning Alta Vista school and park • A short stroll to beach, restaurants ad shopping
644 S. IRENA AVE, REDONDO BEACH
WON’T LAST AT $1,349,000
OVER $20,000,000 in sales represented in REDONDO BEACH ALONE
IN 2012
GARYELMINOUF I GaryElmo@gmail.com • www.GaryElmo.com • Direct: 310-292-0332 • Office: 310-543-3536 x300 All information is from various sources deemed reliable but not guaranteed all parties to verify DRE: 01139207
XPERTISE BUY SELL INVEST SOUTH BA BEACH COMMUNITIES MARKET TRENDS NESS LEADERSHIP ECONOMIC CONDIT DREAMS LUXURY LIFESTYLE FINANCING NEGOTIATION MARKETING STRATEGY ESTYLE NETWORKINGRESULTS STRATE THE COMMUNICATION CONTINGENCIES AND ROPERTY MANAGEMENT EXPERTISE BU L INVEST SOUTH BAY BEACH COMMUNI MARKET TRENDS BUSINESS LEADERSHI DELIVERING THE ULTIMATE REAL ESTATE EXPERIENCE CONOMIC CONDITIONS DREAMS LUXUR OFF MARKET • VERY SPECIAL • CALL FOR SHOWING LIFESTYLE FINANCING NEGOTIATION KETING STRATEGY LIFESTYLE NETWOR RESULTS STRATEGIC COMMUNICATION TINGENCIES AND PROPERTY MANAGEM RTISE BUY SELL INVEST SOUTH BAY BE OMMUNITIES MARKET TRENDS BUSINES FLOOR PLAN
PERFECTING EXPERIENCE Live on The Avenues • Walk to Beach & Riviera Village
PRICED AT $1,325,000
310.871.5100 Candice@CandiceCarpenter.com
& VIRTUAL TOUR
Fine Homes & Luxury Properties O CE CU AN STO FR M O BU N T ILT ES TA TE
VIA DEL CIELO RANCHO PALOS VERDES MAGNIFICENT OCEANFRONT ESTATE Discover this unique custom built home that rests within the peaceful neighborhood of Oceanfront Estate “where the ocean meets land”. Panoramic ocean views of Catalina, Santa Monica Mts, Coastline & Bluffs. Extremely modern, high tech, wave of the future home features a central computerized lighting, climate, security, video & sound system. The kitchen is a main attraction complete with granite island, enormous subzero fridge, 2 microwaves, 2 wine fridges, ascending countertop TV, Shabu Shabu table, top of the line appliances & stocked butler’s pantry. Living room & game room have floor to ceiling glass pocket doors that slide open to a huge veranda & patio to create an indoor outdoor living arena. 5 bedrooms, each with own bath, & 3 powder rooms, intricately designed with brilliant schemes. Master bedroom has a balcony overlooking the ocean & cozy fireplace. Master bath includes aquatic massage tub, a shower/steamer, marble counters, & mirror TV. Backyard only adds to the splendor of the home with a two time, award winning garden. Awesome amenities include: infinity spa, heated pool, outdoor kitchen, firepit, sitting area, koi pond, fully-furnished movie theatre, massage room with lounge area & dry sauna, game room, full wet bar, wine cellar & much more.
IN
VI O CU EW CE RB & AN AP GR PE EA AL T
Q N UE E W & CK EN AT W L ’S ER HI AC VI TE E EW S
RO LL VI ING LL H AS IL LS
Offered at $7,999,000
VIA LAZO
DEEP VALLEY DRIVE #103
VIA VICTORIA
PALOS VERDES ESTATES
ROLLING HILLS ESTATES
PALOS VERDES ESTATES
5 Bedrooms, 4 Bathrooms, 4,069 sq ft Home, 8,510 sq ft Lot Exceptional Malaga Cove Family Home with Views Galore Great Entertainment Floor Plan Bright Open Kitchen, Game Room and Bar Charming Patios and Balconies Generous 3 Car Garage Plus Storage Galore
2 Bedrooms, 2 Bathrooms, 987 sq ft Home 55+ Luxury Condominium Complex One Level Luxury Living Light and Bright with private patio Beautiful Stainless Steel Kitchen with Granite Countertops Hardwood flooring in main living areas with carpeted bedrooms Beautifully landscaped common areas with community BBQ area Secure Building with Gated Parking
5 Bedrooms, 5.5 Bathrooms, 5,930 sq ft Home 18,554 sq ft Lot Tranquil Ocean and Canyon Views Prime PVE Cul-De-Sac Location Beautiful Curb Appeal Swimming Pool, Grassy Backyard & 3 Car Garage
Offered at $2,450,000
Offered at $475,000
Offered at $2,500,000
ES CR O W
Stephen Haw 310.503.9886 Skh8828@gmail.com DRE# 0808646
Serving the South Bay
Short Sale Specialist
Cristina Go
Lauren Yoon
310.721.7526
310.971.0404
한국어 상담 310.619.4989
Kim Hall
KimHallHomes@gmail.com gocristinago@gmail.com DRE# 01864819
DRE# 01737083
laurenyoon17@gmail.com DRE# 01305706
Natsuko Fujii 藤井奈都子 310.941.2468
nfujii10@gmail.com DRE# 01893259
Alicia Sialana
Real Estate Specialist
310.720.4852
aliciasialana@gmail.com DRE# 01423992
re/max estate properties is pleased to announce that
GAYLEPROBST has joined our team!
YOUR DREAMS. MY EXPERIENCE. As a leading real estate professional in the South Bay for the last 20 years, I thoroughly understand what it takes to protect & serve your most valuable asset, to deliver the maximum value in the shortest time frame, all with the personal concierge touch you expect.
A Trusted Advisor. Close at Hand. “Preparation, turn-key real estate advice, the personal touch you |expect.” 22 andSOUTHBAYDIGS.COM 1.18.2013
GAYLEPROBST 310.977.9711 gayle.probst@gmail.com www.pvrealestate.com
Situated on a highly coveted south facing corner location along The Strand in Manhattan Beach. This masterpiece was designed for the Zen lifestyle. This luxurious, yet entirely inviting 5 bed, 3.5 bath home (4,761 sf.) welcomes you with its sumptuous woods and stones.
3300 The Strand m a n h at ta n B E A C H Asking Price $11,500,000 Situated on a highly coveted south facing corner location along The Strand in Manhattan Beach. This masterpiece was designed for the Zen lifestyle. This luxurious, yet entirely inviting 5 bed, 3.5 bath home (4,761 sf.) welcomes you with its sumptuous woods and stones. Seamless enjoyment of Nature’s artwork with the indoor/outdoor living and endless ocean views from this spectacular home. Numerous possibilities for entertaining from intimate dinner parties to large gatherings. Nana Walls, Gourmet kitchen, Heated patios and floors, Theater room, 1,000 gallon aquarium, 3 fireplaces, Sauna, Exquisite Master Suite, Wine Room, 2 Full Bars, Crestron & Vantage systems, Parking for up to 8 (unheard of at the beach!), too many features to mention here.
W W W. 3 3 0 0 T H E S T R A N D . C O M
Kristen Novoa 310.798.4663
Kristen@SouthBayOpenHouse.com
Realtor, M.A. Notary, CNE, CIPS, CLHMS
www.SellingTheStrand.com
CONTENTS
PAGE 36
CITY RECAP market trends 2012
PAGE 28
MUSE 2012 market recap
PAGE 29
ON THE COVER neutra re-visited
PAGE 42
BE SCENE DIGS holiday party 2012
PAGE 48 & 52
NUMBERS interesting stats from 2012
PAGE 50
LOCAL MARKET TRENDS trending this week, january 14th, 2013
PAGE 54
CLOSED SALES broken out per city
PAGE 77
HOME OF THE WEEK oceanfront bluff hollywood riviera Cover Photo Credit: Paul Jonason
24
SOUTHBAYDIGS.COM | 1.18.2013
PHOTOGRAPH BY PAUL JONASON
BIG NEWS!
THE REAL ESTATE FORECAST FOR 2013 IS BRIGHT WITH A 55% DROP IN INVENTORY... THERE ARE MORE BUYERS THAN PROPERTY FOR SALE
THINK OUTSIDE THE BOX
xox xox oxo
o
Passion | Energy | Commitment | Urgency | Work Ethic | RESULTS DARREN PUJALET
(310) 613-1690 www.YourOwnMLS.com
D.R.E. #01845166
There are 3 crucial elements that enable you to capitalize on these favorable market conditions.
CALL ME TO LEARN MORE.
1.18.2013 | SOUTHBAYDIGS.COM
25
south bay
™
SOUTH BAY HISTORY TIDBITS MASTHEAD
THE RED CAR LINE BY MAUREEN MEGOWAN / RE/MAX ESTATE PROPERTIES
PUBLISHER Warren J Dow
CREATIVE DIRECTOR Amanda Nelson-Sinagra
Henry Huntington was a very major real estate developer and public utility system tycoon in southern California. In 1901 Huntington formed the Pacific Electric Railway (“PE”) to serve his real estate development aims in the Los Angeles area. The largest of the suburban electric railways operating out of downtown Los Angeles in the early 1900s was not Huntington’s Pacific
DIGITAL MEDIA SPECIALIST Kieron McKay
DESIGN | PRODUCTION Kristen Dawe
Electric but the Los Angeles Pacific (“LAP”). The heads of LAP also had extensive real estate development projects in Hermosa Beach, Manhattan Beach, Playa del Rey and Hollywood. This very extensive railway ran streetcar lines out through Hollywood and suburban trolley lines to Santa Monica, Brentwood, and down the coast to Redondo Beach in what was called the “balloon route”.
SENIOR STAFF PHOTOGRAPHER Paul Jonason
In 1906 Edward Harriman, head of the Southern Pacific Railroad, gained control of the Los Angeles Pacific, and finally in 1910 he acquired Huntington’s PE, and in 1911 merged the two into Pacific Electric. At that time, all of the transit cars were painted red, leading to the moniker “red car line”.
CONTRIBUTING WRITERS
The Redondo Beach via Playa Del Rey line was one of two electric railway lines to Redondo
Pamela Corante-Hansen, Denise Kano, Quinn Roberts
Beach operated by PE prior to World War II, the other running from LA through Gardena and Torrance. The route that had the higher ridership in the ‘30s was the more scenic route down the coast from Playa Del Rey. This route led along the ocean from Playa del Rey through Manhattan Beach, then veering inland a bit through Hermosa Beach and ending
DIGITAL MEDIA
in Redondo Beach. The developers of Palos Verdes in the early 1920’s planned for the extension of the red car line into the Peninsula and provided wide median strips in Valmonte and Lunada Bay to accommodate the red car lines. One of the major problems with PE as a passenger railway was that when developers originally invested in the trolley lines to serve their subdivisions, they were interested in providing only the minimum facilities they needed in order to sell real estate, and they were not intended to make money providing passenger service. And in fact the PE passenger operations as a whole never made a profit. The Southern Pacific was willing to accept the perennial operating losses of PE because SP made quite a bit of money off the freight business that was fed to SP by PE. In the ‘20s to ‘50s era, PE was the main hauler of freight to and from the combined ports of Long Beach and Los Angeles. The red car line also could never be called “rapid transit”, as it had to slog its way through surface street traffic. They were also very overcrowded. The trip from downtown Los Angeles to Redondo Beach took well over an hour. The increased ownership
www.SouthBayDigs.com
and convenience of the automobile spelled the demise of the Red Car. The red car line suffered severe operating losses throughout the 1930’s and were slowly replaced by bus service through the 1940’s. The
Download the South Bay Digs App at the Apple iTunes Store for iPhone & iPad 722 1st Street, Unit D, Hermosa Beach, California, 90254 Office: 310-373-0142 • Fax: 310-373-3493
Redondo
Beach
line
was
eliminated in 1940. The red car line is now only a nostalgic memory.
www.southbayhistory.com for more history
South Bay Digs Magazine is published every other Friday by m3 Media, LLC. Reproduction in any form or by any means is strictly prohibited without the prior written consent from m3 Media LLC. The Publisher and advertisers are not responsible or liable for misinformation, misprints, or typographical errors. All advertised properties are subject to prior sale or withdrawal without notice. Real estate advertised in this publication is subject to the Federal Fair Housing Act. M3 Media will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. Any and all submissions to this publication become the property of m3 Media, LLC and may be used in any media. TO OUR READERS: South Bay Digs Magazine welcomes your feedback and encourages reader response to our editorial features. Please send your letters to the Publisher at 722 1st Street, Unit D, Hermosa Beach, California, 90254 or via email to wdow@southbaydigs.com. Please include your name and contact information. Letters may be published and we reserve the right to edit. ADVERTISING: For inquiries, please contact Publisher Warren Dow at 310-373-0142. SUBSCRIPTIONS: Subscriptions are $26 per year. Subscribe by email: contact@southbaydigs.com CREATIVE SERVICES & AD DESIGN/ORIGINAL ARTWORK PROVIDED EXCLUSIVELY BY SOUTH BAY DIGS. © 2013 m3 Media, LLC. All rights reserved.
310.541.6416 MMegowan@cox.net (QSC, PV Specialist, SRES, SDPE)
MaureenMegowan.com Web blog: mmegowan.activerain.com
3200 LA ROTONDA DR. #511, RPV
Prime Location and spectacular Ocean, Catalina and Coastline Views from this beautifully renovated 2 bedroom and 2 bath 1,373 SF Condo home. Located in the desirable Ocean Terrace Complex overlooking the Trump National Golf Course. The renovation included all new windows, kitchen and baths with custom cabinetry, granite counters & marble and stone backsplash, Electrolux stainless steel appliances, washer & dryer, all new plumbing, recessed lighting, smooth ceilings, crown moldings & baseboards, custom cherry wood fireplace mantel & bar cabinetry, 55� TV with Bose speakers, remote controlled sunscreen for enclosed porch and much more. This resort style development has wonderful amenities including pool, gym, showers, pool table & recreation rooms, tennis and shuffle board courts, and walking trails.
LISTED AT $642,800 For virtual tour, go to: www.PalosVerdesLiving.com
Providing Real Estate Services for the Palos Verdes Peninsula and the South Bay beach cities
Take a seat. I’ll do the rest.
Fine Homebuilding SCHNEIDER ™
PUBLISHER’S MUSE
2012
C U S TO M H O M E S
MARKET RECAP The local real estate market was in a word, “interesting” in 2012. Despite a much discussed lack of inventory of homes for sale in the beach cities and Palos Verdes, the aggregate 2012 closed sale numbers showed a total of 169 increased sales transactions as
BuildSCH.com Carl Schneider General Contractor License #923800
carl@BuildSCH.com 310-923-6565
compared to 2011. “Off Market” sales were all the rage last year, especially in Manhattan Beach where demand was particularly strong.
“The young man knows the rules, but the old man knows the exceptions.”
As we begin the New Year, I’ve asked several local
REALTORS how they see the market in 2013 and the general consensus is positive — that inventory will loosen up a bit and
- Oliver Wendell Holmes
buyer demand is still strong. In this issue, we recap the real estate market in 2012 with lots of interesting market data, closed data, trend graphs and more. Start your own market analysis on page 36. On the COVER this issue is a one-of-a-kind landmark of mid century modern living — The “Dailey House 1961” by Richard Neutra. This amazing home sits on over ½ acre
Tomaro Architecture
in Palos Verdes Estates and is an entertainer’s dream. The home was painstakingly remodeled and brought back to mint condition by renowned architect and Neutra collaborator John Blanton. It’s truly unlike anything on the market today. Offered by Chuck Bennett, REMAX Estate Properties. See the details on next page to the right.
Simply Tiles
This issue’s HOME OF THE WEEK is a stunning oceanfront Hollywood Riviera home that offers the best in luxury Southern California coastal living. Perched high on the bluff on an oversized 21,659 sq ft lot, the home enjoys endless ocean views and was
Design Center
extensively remodeled to take full advantage of the spectacular views. Check out all the details in our back cover gloss section on page 77. Offered by Keith Kyle, South Bay Brokers.
Wishing you all the best in 2013. ENJOY! Warren J Dow — Publisher wdow@southbaydigs.com 310-373-0142
NO ONE KNOWS REDONDO LIKE
CARL and arda FINE CERAMICS, NATURAL STONE, HARDWOODS, CABINETRY, FAUCETRY.
Expert Guidance Since 1991
3968 PACIFIC COAST HWY., TORRANCE • (310) 373-7781
WWW.SIMPLYTILES.COM LICENSE #904876
Carl & Arda Clark www.CarlandArda.com Info@CarlandArda.com
Call 310.543.4788 28
SOUTHBAYDIGS.COM | 1.18.2013
DRE: 01181754; 01097490
ON THE COVER
Visit Our YouTube Channel for a video tour of this home! YouTube.com/SouthBayDigs
NEUTRA RE-VISITED
-
953 GRANVIA ALTAMIRA | PALOS VERDES ESTATES
APPROX. 2900 SQ. FT. | 3 BEDROOMS | 2.5 BATHS | OVER 1/2 ACRE LOT FOR THE DISCRIMINATING FEW who love mid century living! Richard Neutra’s “Dailey House” 1961, in Palos Verdes Estates was painstakingly remodeled and brought back to life & the condition it deserves. In complete disrepair, great efforts were made during the remodel to keep the integrity of the home, with walls of glass, vaulted ceilings, double sided fireplace and clean lines throughout. Taking nearly 2 years to complete, every detail was overseen by renowned architect and Neutra collaborator John Blanton, now retired. Unlike anything on the market today.
CHUCK BENNETT 310.766.4963 Direct 310.544-9999 Office chuckabennett@gmail.com www.chuckbennett.net DRE #00918000
This home feels much larger than it is. Huge sliders open to the large patio overlooking the backyard and views, ideal for those who love to entertain. Featuring 3 bedrooms, a media room (can be easily converted back to 2 original bedrooms), 2.5 baths, beautiful kitchen, family room, dining room and formal living room all enjoying walls of glass overlooking the backyard with pool/spa, fire pit, BBQ, lawns, walking paths, fruit trees, and wonderful city lights views. Situated on over 1/2 acre, set below the street & adjacent to city parkland provides the privacy and atmosphere to relax and enjoy nature and its outdoor surroundings, something Neutra is famous for, his ability to bring the outside in. Beautiful manicured grounds, this home speaks for itself and is truly a showcase representing a time gone by. It is a rare priceless treasure. It even comes with the original plans, Neutra sketches, renderings and spec book. THEY ARE NOT BUILDING ANYMORE OF THESE! Come see the home at night, it has a life of its own and even shows better! Don’t miss out on this rare opportunity to own a piece of history!
offered at $2,799,000
1.18.2013 | SOUTHBAYDIGS.COM
29
AN OCEAN VIEW MASTERPIECE
A
s her countless satisfied clients will attest, Jane Sager has made exceptional service an art form. As one of the South Bay area’s leading real estate professionals for more than 20 years, she has built her reputation on providing expert guidance with a distinctly personalized touch. Jane builds lasting relationships with her clients, and provides keen market insight and creative solutions throughout the process. Quite simply, for Jane Sager, Success is an Art Form, so call her today and make the most of your opportunities in the South Bay area.
1402 Manhattan Avenue, Manhattan Beach A truly unique destination could be your home. This spacious open floor plan is enhanced by the floor-to-ceiling glass doors, allowing the entertaining rooms and den to be completely open to the viewing decks. Three bedrooms, four bathrooms, generous living, dining and kitchen areas, plus a media room and office exceed the expectations of the most discerning eye.
LISTED FOR $2,699,000
Jane JaneSager’s Sager’sseasoned seasonedperspective perspectiveis isyour your advantage advantage when whenbuying buyingororselling sellinga ahome. home. 3515 Manhattan Avenue, Hermosa Beach Outstanding Entertaining Possibilities
WW
Has End of the World Views
Priced at $749,000 and SOLD In One Weekend
henhen it comes it comes to your to your realreal estate estate transaction, transaction, JaneJane believes believes it’s it’s equally equally Sold OVER ASKING in JUST ONE WEEKEND In Escrow For $775,000!! important important to understand to understand thethe bigbig picture picture as itasisittois focus to focus on on thethe small small details. details. In the In the end,end, herher goalgoal is tois help to help youyou achieve achieve exceptional exceptional results results andand enjoy enjoy thethe www.JaneSager.com www.JaneSager.com lifestyle lifestyle of your of your dreams. dreams. But But to get to get there, there, JaneJane knows knows it takes it takes steadfast steadfast attention attention to detail to detail andand careful careful analysis analysis to make to make suresure every every element element is inisplace in place for for success. success.
(310) 748-0677 With With more more than than 20 years 20 years experience experience in the in the South South BayBay areaarea market, market, JaneJane approaches your your move move from from every every perspective perspective to ensure to ensure thethe bestbest possible possible results. results. www.JaneSager.comapproaches From From defining defining your your bigbig picture picture goals goals to handling to handling every every vitalvital detail detail throughout throughout thethe process, process, sheshe applies applies herher expertise expertise to help to help youyou make make thethe right right decisions decisions for for your your future. future. CallCall herher today today andand discover discover thethe difference difference for for yourself. yourself.
3300 Highland Ave. Manhattan Beach, CA 90266 REALTOR ®
REALTOR ®
Jane Sager, CA Lic.# 01001004
225 33rd Street, Hermosa Beach
233 Lyndon, Hermosa Beach
(310) (310) 748-0677 748-0677LISTED AT $1,099,000 AND IN ESCROW NOW!! LISTED AT $2,449,000 AND SOLD FOR ASKING!! JaneJane Sager, Sager, CA CA Lic.#Lic.# 01001004 01001004 www.JaneSager.com www.JaneSager.com www.JaneSager.com www.JaneSager.com
JUST PICTURE IT. The cool ocean breeze. The awe-inspiring sunset. The home of your dreams. Find the South Bay lifestyle you are looking for at www.JaneSager.com
J
ust imagine the feeling you’ll have when you find the home of your dreams. Jane Sager knows what it’s like. As a leading professional in the South Bay are for more than 20 years, she takes great pride in using her knowledge and experience to help people make the most of their real estate investments. That’s why if your looking to buy, be sure to visit Jane on the website www.JaneSager.com. This comprehensive site will give you access to all the information, home search resources and market insight that you need to find the home of your dreams.
www.JaneSager.com
Explore All Your Options As our market has changed, the window for maximizing coastal property opportunities has opened in the beach cities. Living at the beach is the best possible lifestyle, and there has never been a better time than now to explore your options along the coast. For sound real estate advice in a changing market, contact Jane today.
(310) 748-0677
Jane Sager, CA Lic.# 01001004
NEW OCEAN VIEW HOLLYWOOD RIVIERA LISTING 3 bedrooms, 2 baths and family room. Approximately 2,000 sf on a 10,000 sf lot. New roof, carpet and paint. Shows great.
$1,050,000
SIMPLY THE BEST Selling the South Bay for more than 30
ALLIBALDOCCHI REALTOR Alli.baldocchi@southbaybrokers.com 310.804.2203
SUSANJENSEN REALTOR, Licensed Broker, CRS Susan.jensen@southbaybrokers.com 310.251.2404
RIDDLE & ROSS realtors rrr since 1964
Client Concept Design Build
It’s what you put into it that makes the home. START BUILDING.
Rick Farnham
310.962.5071
Rick Farnham Development, Inc. Custom Home Building Specialists
Building the next generation of South Bay historic homes 32
SOUTHBAYDIGS.COM | 1.18.2013
One Call
is all it takes
if you’re considering selling your home this year and want MAXIMUM VALUE in the SHORTEST TIME frame please call me for a no obligation consultation.
ChrisPlank ChrisPlank@aol.com Cell (310) 849-1530 | Office (310) 546-7561 x443 call chris today if you’re thinking of selling! you’ll be glad you did!
www.ChrisPlankHomes.com
Lifelong Resident of Manhattan Beach
I am so grateful to my amazing clients and friends for allowing me to help you in 2012.
Wishing you a Happy & Prosperous New Year!
Abby
• 27620 Eastvale, PV – SOLD
• 26607 President Ave., HC - SOLD
• 2321 W 183rd, Torrance - LISTED
• 6549 Eddinghill, RPV - LEASED
• 40 Pony Lane, RHE -
SOLD • 3133 Martingale, RPV - LISTED • 4327 Vista Largo, Torrance - LEASED • 2209 W 25th St. #1, SP - SOLD • 5860 W 77th Place, LA - LISTED • 1608 Stanford Ave, RB - SOLD • 13131 Park Pl #106, Haw - SOLD
• 7354 Via Lorado, RPV - LEASED
• 2310 Curtis Ave. #1, RB - SOLD
SOLD • 1510 3rd St., MB - LISTED • 4244 W 179th St., Torrance - SOLD • 23655 Susana, Torrance - LEASED • 1101 11th St. #B, HB - SOLD • 2162 Mt Shasta Dr., SP -
LISTED • 29600 Island View #106, RPV - LISTED • 32253 Phantom, RPV - LEASED • 429 2nd St., HB - SOLD • 621 Beryl #C, RB - LEASED • 27620 Eastvale, PV - LISTED • 30011 Grandpoint, RPV -
COMING SOON - 3+/2.5 home in Rolling Hills & 5 bedrooms/5.5 baths home in East MB
ABBY WADDELL
Integrity. Dedication. Results.
310-753-0770 AbbyWaddell@kw.com DRE# 00892590
NEW CONSTRUCTION OPPORTUNITY IN REDONDO BEACH
PR I TZKAT & J O HN S O N A R C H I T E C T S
Entitled Lot with Full Approvals for Construction of Two Townhomes
Each Unit
2,547 sqft • 4 bedrooms • 3.5 bathrooms
Approved Documents to Date Architectural Structural Civil Vesting Tentative Parcel Map Conditions of Approval CEQA Exemption CC&R’s
Call for Details BUY | SELL | BUILD | INVEST Architecture Design New Renovation
www.PritzkatJohnson.com for a complimentary consultation call 310.375.7700 34
SOUTHBAYDIGS.COM | 1.18.2013
Paul Kerza DRE 01869880
310.696.9732 | Paul@PaulKerza.com www.PaulKerza.com
5
YOUR TOP NEW YEAR’S RESOLUTIONS: o
Spend more time with family and friends:
It’s important for you and your loved ones to have a warm space to make memories in together. If you’re not 100% satisified with your current living situation, maybe it’s time to consider a move. Home is where the heart is, so love where you live!
o
Quit smoking:
If you’re renting, you are burning money. Monthly rents and mortgage payments are often similar in price, so why write a check to your landlord every month? Home ownership is one of the surest paths to long-term wealth, so stop throwing your money on the fire and instead make an investment in yourself.
o
Lose weight:
It’s a great time to sell. Inventory is low and there are eager, qualified buyers everywhere. Multiple offers are common. Sellers are seeing excellent activity and returns. Call us for a free valuation of your home; we think you’ll like what you hear!
o
Learn something new:
The real estate market is hot right now. Both buyers and sellers are experiencing historically good conditions. Whatever your goal is - buying, selling, or leasing let us update and educate you on market conditions, inventory and activity.
o
Get organized:
A local, dedicated agent can provide you with the answers and direction needed to make 2013 your most prosperous year yet. Don’t wait: call us today to start your year right!
Wishing you a fantastic 2013!
W W WOLF & WOLF
TYLER 310/947.9484 ALEX 310/499.6823 SHOREWOOD REALTORS www.WOLFandWOLFrealestate.com WOLFandWOLF@shorewood.com DRE #01426713, DRE #01788977
B U Y I N G • S E L L I N G • R E N TA L S • I N C O M E • R E L O C AT I O N • R E S U LT S
city recap HERMOSA BEACH 90254 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
6 3 15 13 13 13 16 8 9 6 8 16
$2,021,500 $1,150,000 $2,242,325 $1,658,538 $1,073,731 $1,344,462 $1,534,208 $1,556,000 $1,779,000 $906,167 $1,317,774 $1,615,869
105 85 92 68 114 41 53 86 43 85 28 45
5.83 10.00 2.20 2.77 2.62 3.00 2.19 4.13 3.67 5.83 3.38 1.50
MANHATTAN BEACH 90266 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14 14 31 39 39 40 28 38 21 26 37 28
$2,171,446 $1,580,821 $1,918,083 $1,797,223 $1,811,240 $1,942,575 $1,842,875 $1,866,245 $1,598,714 $1,934,154 $1,481,162 $1,579,518
95 78 78 68 79 49 51 59 65 83 51 55
6.14 6.07 2.61 2.31 2.74 2.63 3.32 2.21 3.52 2.69 1.78 1.57
south REDONDO BEACH 90277 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
4 7 4 6 11 10 15 9 13 8 10 11
$701,163 $1,003,720 $749,875 $817,833 $777,273 $813,940 $945,267 $1,105,367 $762,433 $1,202,250 $760,775 $1,572,545
24 103 93 140 56 65 101 90 42 81 67 36
6.75 4.71 9.00 7.00 4.27 3.60 2.33 3.89 2.54 3.25 1.70 1.55
north REDONDO BEACH 90278
36 
2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May
9 7 18 12 25
$584,279 $548,143 $699,597 $542,456 $657,320
70 71 72 80 61
4.78 5.00 2.00 2.58 1.56
Jun Jul Aug Sep Oct Nov Dec
14 13 16 18 21 14 12
$655,313 $687,162 $684,688 $669,490 $699,490 $656,643 $818,521
97 58 62 74 53 37 50
3.00 3.00 2.69 2.28 1.38 1.79 1.58
SOUTHBAYDIGS.COM | 1.18.2013
(ALL PROPERTY DATA TAKEN FROM MRMLS CLOSED SALE SINGLE FAMILY RESIDENCE (SFR): FOR AREAS: MANHATTAN BEACH, HERMOSA BEACH, REDONDO BEACH, PALOS VERDES ESTATES, RANCHO PALOS VERDES, ROLLING HILLS, ROLLING HILLS ESTATES & PALOS VERDES PENINSULA. JANUARY 1, 2012 – DECEMBER 31, 2012.) GRAPHS PROVIDED BY ALTOS RESEARCH, LLC. INFORMATION IS DEEMED ACCURATE BUT NOT GUARANTEED.)
PALOS VERDES ESTATES 90274 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
15 11 12 11 17 24 10 16 11 10 12 13
$1,732,478 $1,196,195 $1,622,417 $1,802,636 $1,806,824 $1,803,967 $1,828,475 $1,881,094 $1,906,091 $1,799,289 $1,926,675 $1,593,118
119 167 118 73 146 90 107 92 109 53 115 70
4.13 5.55 5.33 6.36 4.41 2.67 6.30 3.13 4.64 5.50 3.83 2.23
RANCHO PALOS VERDES 90275 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
15 22 27 28 27 30 29 35 41 30 31 34
$1,146,000 $993,614 $1,088,815 $1,192,227 $1,248,241 $1,164,899 $991,288 $1,152,314 $1,135,070 $1,011,418 $1,057,403 $1,282,506
115 124 117 106 67 74 79 101 88 84 49 61
8.53 5.64 4.48 4.79 5.67 5.50 5.59 4.06 3.12 4.10 3.77 2.50
ROLLING HILLS ESTATES 90274 2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2 4 10 9 10 17 4 8 3 12 6 8
$1,090,000 $744,275 $1,068,071 $1,222,222 $1,204,000 $1,387,176 $1,074,500 $1,333,750 $1,475,333 $1,340,741 $1,280,833 $1,522,563
131 163 77 28 90 81 49 38 59 76 67 100
11.00 5.00 2.10 2.67 3.10 1.29 6.50 3.63 11.00 2.25 4.00 1.75
ROLLING HILLS 90274
2012 Month
# of sales
avg sales price
avg days to sell
months of inventory
Jan Feb Mar Apr May
2 1 0 4 1
$4,137,500 $1,650,000
137 195
8.50 17.00
$1,966,875 $3,300,000
85 313
4.25 21.00
Jun Jul Aug Sep Oct Nov Dec
1 3 0 2 3 0 2
$1,500,000 $3,116,667
4 198
22.00 7.33
$2,125,000 $2,779,167
29 89
11.00 7.00
$2,925,000
181
7.00
1.18.2013 | SOUTHBAYDIGS.COM
37
564 Via Media, palos verdes estates This home is on one of the most premiere streets in all of Palos Verdes Estates just one block from the Pacific Ocean Coastline boasting spectacular Ocean, Coastline and Mountain views. This beautiful home has been extensively remodeled in the past few years, with all new dual pane energy efficient windows, complete with a new kitchen with large granite center island, 6 burner stove, 2 ovens, maple cabinets, granite counter tops, breakfast area opening to red brick private patio and backyard. The backyard has a beautiful private Jacuzzi, fire pit, built-in BBQ with a Viking grill and sink. The French doors from the kitchen, breakfast room and dining/family room all open into the rear yard. The Master suite with Ocean views has a separate tub/shower, with dual shower heads, limestone counters and walk-in closet. The hardwood floors are in immaculate condition and run from downstairs to upstairs. The lower level has a wonderful additional family room and an additional private suite. Call for a private showing.
Offered at $2,295,000
www.564ViaMediaPVE.com
3747 Palos Verdes Dr. North, Rolling Hills Estates This spectacular single story Ranch home sits on 1.5 acres of all useable land. This property boasts one of the most spectacular horse facilities on the Peninsula. 6 stalls set up for breeding facilities, full riding ring, incredible access to trailer your horse in and out. The home has well over a million dollars invested in a remodel completed within the past 4 years adds to the desire of this estate. Gourmet kitchen with a massive granite center island, wolf warming drawer, double ovens, 6 burner stove, sub zero refrigerator, with a private secretary center. Next door to the kitchen is a wonderful private office. The additional interior details has vaulted ceilings, bays of French doors opening to the back yard and patios. The master suite has French doors opening to the rear patios, vaulted ceilings in the bedroom, large walk-in closet and granite/ stone floors in the private master bathroom. The decks over look the swimming pool and spa, large lawn and entertaining areas. There was no expense spared on this unique private estate. Call for a private showing.
List Price $3,400,000
www.3747PalosVerdesDriveNorth.com
Steve & Ceci Watts 310.375.5645
steve@wattsrealestate.com www.wattsrealestate.com
DRE# 00966894, 01040493
1.18.2013 | SOUTHBAYDIGS.COM 
39
Superior Design and Development Services RE/MAX Estate Properties is pleased to announce that
TERI HAWKINS Real Estate Sales Associate has joined our team.
TERI HAWKINS
M a n h at ta n B e a c h G e n e r a l C o n t r a c t o r s e r v i n g t h e S o u t h B ay a n d a l l o f G r e at e r L o s A n g e l e s
310.251.3850
TeriHawkinsPV@gmail.com www.TitanAndCo.com 1601 N. Sepulveda Blvd. #622 Manhattan Beach P. 310 773 3880 F. 310 494 5735
Open House Saturday & Sunday 1 PM to 4 PM
Teri has been selling Real Estate in the South Bay as a top producer for over 15 years and she has extensive knowledge of the South Bay market. Teri has offices in both Manhattan Beach and Palos Verdes Estates. DRE: 01195117
Happy New Year from the
Bacelic
THE
TEAM
The Bacelic Team | Golden West Realty www.GoldenWestSanPedro.com
634 4th Street, Hermosa Beach
$1,049,000 3 Bedroom Town Home 2,453 Sq. Ft.
6 Blocks to Beach Ocean View Rooftop Deck
634Fourth.com John “Cap” Capellero DRE# 01842507
310-463-4100 JCap@ColdwellBanker.com
Adriana 310-283-4900 adrianabacelic@yahoo.com DRE# 01025431
40
SOUTHBAYDIGS.COM | 1.18.2013
Lidija 310-930-8110 lbacelic@yahoo.com DRE# 01881787
WE ARE LOOKING FOR MORE INVENTORY. CONTACT US IF YOU ARE THINKING OF SELLING YOUR HOME IN 2013. CHECK OUT OUR BLOG AT: WWW.FORBESCORRALES.COM
SOLD!
SOLD!
416 2ND STREET
724 35TH STREET
MANHATTAN BEACH
MANHATTAN BEACH
SOLD!
SOLD!
401 3RD STREET
807 ESPLANADE
MANHATTAN BEACH
REDONDO BEACH
IN 2012, FORBES.CORRALES closed 50 SALES TOTALING $87,654,000
Lauren Forbes Coldwell Banker Previews 310.901.8512 lauren@laurenforbes.com
John Corrales Coldwell Banker Previews 310.346.3332 corralesjohn@aol.com
©2011 Coldwell Banker Real Estate LLC. Coldwell Banker is a registered trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and Operated by NRT LLC
DIGS holiday party South Bay Digs recently celebrated the opening of its new office space in Hermosa Beach with a “Holiday Office Party” catered by Chez Melange. DIGS favorite and recent VOICE contestant Justin Hopkins rocked the house while attendees enjoyed fine food and wine – fun!
P R E M I E R C OASTAL L IVI N G S P EC IAL I STS
Evolution of Real Estate
310.798.1277 EK@ItzSold.com | ItzSold.com
The Best Choice
yo u can mak e i n a lo cal R e alto r .
44
SOUTHBAYDIGS.COM | 1.18.2013
P R E M I E R C OASTAL L IVI N G S P EC IAL I STS
1.18.2013 | SOUTHBAYDIGS.COM
45
PREMIER COASTAL LIVING SPECIALISTS
Manhattan Beach, Thank you... ... for having the best downtown to walk to with my lovely wife Cindy and our dogs ... for the FREE doggie treats, the dogs are thankful to all of the shop owners ... for the wonderful place it was to raise my two daughters, Candace and Tina ... for The LA Kings! Defend the Cup! ... for Sunsets at the Pier... ahhh ... for being 2 1/2 hours to Cabo and 45 minutes to Vegas BABY! ... for being my home for the last 25 years ... and for allowing Kaminsky Real Estate Group to assist you with your real estate needs.
Cheers to 2013! -Ed Thank you to our Clients and cooperating agents Allison Baldocchi 3 Leaf Realty Aarchan Joshi and Rita Suri Aaron Klapper Adam Phillips and Tina Kaminsky Akibo and Michiko Shieh Al Agena Alexandra Gass Allan Ephraim Alma Nunez Angelo and Nimali Ameresekere Anthony Fitzgerald Barry and Samantha Paxson Bill Moores Bill Ruane Bill Schmiett Bill Wilson Blake Danson Blue Ocean View Llc Bob Lane Brad Scott Braunco Brian Buchhagen Brittny Buford Bryan Leifer Bryn Stroyke Charles and Hannah Dominick Chrysta Lyons Coldwell Banker Collin Hicks Darrell Smith Dave Iler and Jessica Barajas David and Joyce Harris David Benson David Haehnel and Alison Haehnel
David Hu and Alison Gerding Hu David Krygier David Robinson David Warren Boldt Dennis Maloney Derek Reichart Don Evans Dorothy Phillips Dwight Howard Earl Chapin Elece and Tom Leverone Eric Chan and Cathleen Kozen Eva Pieh Lawrence Fitzpatrick and Prince Real Estate Gary Sumner George Clark Georges Rouveyrol Glauco and Brenda Magalhaes Glynda Bragg Hermosa Pointe Hugh Borax Irish Beach Realty Jack Fulkerson Jackie Flaherty Jan and Prem Chhatwani Jane St John Janie Bowers Jaret and Aarti Matthews Jeff and Judy Graham Jeff Knowles Jeffrey Heier Jennifer Kelly Jennifer Ure Jerry Carew and Tricia Flaherty Jim and Cheryl Clemmons
Jo and Peggy Webber John and Amy Mendez John McKain John Skulick Jon and Nicole Hirshberg Jon Zinkann Jonathan and Jaclyn Quik Jordan Farmar Julie and Jens Meggers Kathleen Cartier Keller Williams Keller Williams Legacy Realty Keller Williams SouthBay Kevin Westgarth Kevin Yachecko Kim and Lisa Ibrahim Kristen Novoa Kyle Brinkman and Aarti Madan Kyle Paine Lamar Odom and Khloe Khardashian Lanny Wright Larry Berna Linda Bonham Linda Cleland Marie Hoffman Marija Terzic Marisela Caraballo DiRuggiero Mark F. and Carolyn N. Mark Shandrow Mathew and Shelley Calonica Matt and Elena Tuens Michael Gordon Mike and Erin Shippey Mike Ansell Mountain Ranch Realty
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Sheryl Heier Shorewood Realtors Smith Properties Sotheby’s International South Bay Brokers Spero Dedes Stanley Humphriess Stephen Christie Steve and Carrie Baum Steve Higa Steve Pankow Stroyke Properties Sue Murphy Susan Creed Susan Gardner Susan Jensen Terri Harkins Terry Kane The Real Estate Group Todd Wohl Tom Donahue Tom Higa Tom Ure Tracey Nesicolaci Volant Real Estate Voula Paraskevi Wade Tettenburn Wayne D Beck and Kimberly Beck Weichert Realtors Wili Barronet William Bordages and Mary Pierson Zant Dixon
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Located steps to the sand in a prime location of the sand section in Manhattan Beach • 3 bedrooms + 3 1/2 bathrooms, approx. 2,000 square feet of living space • Fantastic 3rd Floor open living space overlooking the ocean with huge outdoor deck
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“Love Your Lifestyle” 1.18.2013 | SOUTHBAYDIGS.COM
47
NUMBERS
2
To recap 2012, we’ve compiled some numbers derived from local real estate data (January 1, 2012 – December 31, 2012)
80 HIGHEST CLOSED SINGLE FAMILY RESIDENCE SALE PRICE 2012 Listing Agent: Bryn Stroyke, Stroyke Properties Selling Agent: David Caskey, Shorewood Realtors
CLOSED SALES PRICE OVER $3,000,000 2012 average days on market at 100 days average closed sale price at $4,428,577 versus 71 closed sales price over $3,000,000 in 2011
CLOSED SALES PRICE OVER $10,000,00 average days on market at 64 days average discount (selling price vs. original list price) 9.57%
$12,513,962
1461
$387,500 LOWEST SINGLE FAMILY RESIDENCE CLOSED SALE IN REDONDO BEACH IN 2012 2 Bed | 1 Bath | 784 sq ft | 3,239 sq ft lot
CLOSED SALES SINGLE FAMILY RESIDENCES 2012 Average Selling Price of $1,355,646 at 77 average days on market (Zip Codes: 90254, 90266, 90277, 90278, 90274, 90275)
MARKET VALUATION OF CLOSED SALES 2012 +236,110,948 in closed sales volume versus 2011
$1,980,598,227
(All property data taken from MRMLS Closed Sale Single Family Residence (SFR): for areas: Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates. January 1, 2012 – December 31,, 2012.) Information is deemed accurate but not guaranteed.)
48
SOUTHBAYDIGS.COM | 1.18.2013
M SEL OT L IV ER AT ED !
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6524 Vista Del Mar, Playa Del Rey
201 N Lucia Avenue, Redondo Beach
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Remodeled 3 Bed, 4 Bath Modern with Rooftop Deck Approx 2,100 sq ft living space on a 2,400 sq ft lot Ocean, Mountain, Marina, Wetlands Views LISTED BY JOHN BALK (310) 213-4540
Clean, well-maintained duplex on 5,900 sq ft R-3 lot Two free-standing units nearly 900 sq ft each In place Income Stream or Scrape and Build LISTED BY JIM LISI (310) 753-8026
$1,995,000
$1,475,000
$849,000
CO
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616 35th Street, Manhattan Beach
Well maintained, turn-key 3 Bedrooms 2 Baths starter home with many upgrades throughout on a south facing corner lot. Bring your picky buyers. This home shows very well and will not last. LISTED BY MATT WAXMAN (310) 529-9580
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$975,000
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594 33RD ST.
1430 3rd Street, Manhattan Beach
JIM LISI TINAMARIE VISCONTI MATT WAXMAN GREG MEIDROTH AMY KARPINSKI
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Enter numbers into the blank spaces so that each row, column, and 3x3 box contains the numbers 1 to 9. For answer, go to www.OnePacificRE.com/sudoku.php
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Monday January 14, 2013
LOCAL MARKET TRENDS 2013 Local Market Trends Executive Summary
HERMOSA BEACH, CA Single Family Homes
Trending this week, January 14th 2013…
This Week
HERMOSA BEACH 90254
Real-Time Market Profile
Trend
Median List Price $ 1,344,500 Asking Price Per Square Foot $ 788 The median list price in HERMOSA BEACH, CA 90254 this week is Average Days on Market (DOM) 137 Asking price per square foot is on an upward trend while days-on-market has been $1,344,500. Percent of Properties with Price Decrease 25 % trending down, which is a positive near-term outlook for the market. Monday January 14, 2013 Percent Relisted (reset DOM) n/a The Market Action Index hasTrends been climbing lately while days-onLocal Market Relative to supply and demand, thetrending marketdown, continues to get Flip (price increased) 4% MANHATTANPercent BEACH, CA market are these point to hotter. a positive near-term Single Family Homes House Size (sq ft) Executive Summary Median 2282 outlook for the market. More sales demand and fewer homes listed have contributed to a relatively long Median Lot Size Less than 4,500 run of increasing prices. Median Number of Bedrooms 3.0
The median list price this week is $1,344,500.
Median Number of Bathrooms
Current supply and demand levels show no sign of prices changing from their current trend.
Supply and Demand
Market Action Index
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
±+ No change
This Week
Buyer's Advantage
2.5 27.4
==
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend Real-Time Market Profile
MANHATTAN BEACH 90266
== == ≠≠
Trend
== Median List Price $ 1,704,250 ≠≠ Asking Price Per Square Foot $ 689 The median list price thisThe week is $1,704,250. median list price in MANHATTAN BEACH, CA 90266 this week is == Average Days on Market (DOM) 119 $1,704,250. Market Action Index Percent Properties with 28 % Inventory has been lighting lately with days-on-market increasing. The of market for this zipPrice code Decrease continues its bounce again this Monday January 14, 2013 week. We're a long DOM) way from the market's high point Percent Relisted (reset n/a so watch Inventory hasmarket been lightening lately Market Action Index Local Market Trends Relative to supply and demand, the continues toand getthe hotter. the MarketCA Action Index to predict how long this trend will last. REDONDO BEACH, Percent Flip (price increased) 6% has been trending up. Though days-on-market is increasing, these Single Family Homes Summary Median House Size (sq ft) 2585 More sales demandExecutive and fewer homes listed have contributed to a relatively long are mildly positive indications for the market. Less than 4,500 Median Lot Size run of increasing prices. Median Number of Bedrooms 4.0
Price
Current supply and demand levels show no sign of prices changing from their current trend.
Median Number of Bathrooms
Supply and Demand
Market Action Index
Buyer's Advantage
3.0Price 23.4
Trends
==
The market continues to get hotter. More sales demand and fewer ±+ No change == Strong upward trend ≠≠ Strong downward trend 90-Day Rolling Average Buyer/Seller Cutoff homes listed have contributed to a relatively long run of increasing = Slight upward trend ≠ Slight downward trend prices. Current supply and demand levels show no sign of prices south REDONDO BEACH 90277 Real-Time Market Profile Trend The Marketfrom Action Index answers the question "How's the changing their current trend. Market?" by measuring the current rate of sale versus the ±+ Median List Price $ 1,087,500 The median list price thisamount week of is the $1,087,500. inventory. Index above 30 implies Seller's ±+ Asking Price Per Square Foot $ 571 Market conditions. Below 30, conditions favor the buyer. median list priceisintrending REDONDO downward BEACH, CA 90277 week is Demand is increasing andThe days-on-market eventhis as more ≠≠ Average Days on Market (DOM) 233 properties come available$1,087,500. – these are positive trends for the market. Percent Properties with 18 % Market Action Index The of market for this zipPrice code Decrease continues its bounce again this Monday January 14, 2013 7-Day a Rolling 90-Day Rolling Average week. We're longAverage way from the market's high point Percent Relisted (reset DOM) n/a so watch Demand Market measured by the Market Index isnew increasing and for Relative to supply and demand, home sales have beenAction exceeding inventory Local Trends the Market Action Index to predict how long this trend will last. REDONDO BEACH, CA Percent Flip (price increased) 10 % days-on-market is trending downward. Even as more properties several weeks. Single Family Homes Executive Summary Median House Size (sq ft) 2048 come available, these are positive trends for the market. Characteristics per Quartile Investigate the market in quartiles 4,501 - 6,500issqft Median Lot Size Market prices are not yet moving higher as excess inventory is consumed, perhaps where each quartile 25% of homes Median Number of Bedrooms 4.0 pointing to a “buyer’s market.” ordered by price. 7-Day Rolling Average
This Week
Price
Quartiles Quartile
Median Price
Sq. Ft.
Lot Size
Beds
Supply and Demand
Baths
However, as the supply and demand trends continue, the market moves into the Less than sqft $ 5,112,500 “seller’s zone,” and weTop/First are likely to see upward pressure pricing. 3304 on4,500 4.5 3.5
Number ofDOM Bathrooms Age Inventory Median New Absorbed
19
Home sales have been exceeding new inventory for several weeks. Less than
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff 3158 4.0 higher 4.0 as 4,500 Upper/Second Since this is$ a2,044,500 Buyer's market prices are notsqft yet moving
6
excess inventory is consumed. However, as the supply and demand 4,501 - "How's zone, The Market Actionthe Index answers theinto question trends continue, market moves the Seller's and we are $ 1,062,109 Lower/Third 1896 3.5the 2.2 59 sqft versus Market?" by measuring the current rate6,500 of sale the likely to see upward pressure on pricing. north REDONDO BEACH 90278 amount of the inventory. Index above 30 implies Seller's Less than Market conditions. Below 30, conditions favor the buyer. $ price 924,504 Bottom/Fourth 1013 2.0 1.0is 66 4,500CA sqft90278 The median list in REDONDO BEACH, this week The median list price this week is $625,000. $625,000.
This Week
6
Market Action Index
2
±+6No change 0
0
214
2.0Price
Strong Buyer's 20.8 Most expensive 25% of properties
Trends
==
Strong upward trend ≠≠ Strong downward trend == 1 115 Upper-middle 25% of properties = Slight upward trend ≠ Slight downward trend
Real-Time Market Profile Trend 0 0 136 Lower-middle 25% of properties ≠≠ $ 625,000 Median List Price == Asking Price Per Square Foot $ 460 6 1 3 84 Least expensive 25% of properties ≠≠ Average Days on Market (DOM) 188 Percent of Properties with Price 17 % around this Market Action Index We continue to see prices in Decrease this zip code bouncing Days-on-market are decreasing, but overall there are no strong signals for the 7-Day Rolling 90-DayinRolling Average plateau. Look(reset for aAverage persistent up-shift the Market n/a Action Index Percent Relisted DOM) South Bay Digs | www.SouthBayDigs.com before we see prices move from these levels. 0 % direction of the market. The Market Action Index has been trending down recently, but as Percent Flip (price increased) days-on-market decreases also, there are not strong signals for the
6
Price
Quartiles
Medianper House Size (sq ft)Investigate the market 1500 Characteristics Quartile in quartiles Median Lot Size 4,501 6,500 where each quartile issqft 25% of homes Demand levels are low relative to available inventory. Median Number of Bedrooms 3.0 ordered by price. Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC Median Number of Bathrooms 2.0 Quartile Price market.” Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM Price Trends As prices continue to fall, it may be Median a “buyer’s direction the market. Relative to supply and demand, theofmarket has been consistently cool for several weeks.
Supply and Demand 4120 5.0
Top/First
$ 3,747,500
Less than 4,500 sqft
4.5
The market has been consistently cool for several weeks. Demand 4,501 -
50
12
$ 2,089,500 7-Day Rolling Average 90-Day Rolling Average Cutoff 3266 4.5 3.5 10 6,500 sqft Buyer/Seller level are low relative to the available inventory. It's a Buyer's Upper/Second SOUTHBAYDIGS.COM | 1.18.2013 market and prices continue to fall. Look for a persistent shift in 4,501 -to The Market Action Index answers the question "How's the Market Action before prices plateau rise $ 1,445,000 Lower/Third 2769 orofbegin 4.0again. 2.8 26 sqft versus Market?" by measuring the current rate6,500 sale the amount of the inventory. Index above 30 implies Seller's
12
Market Action Index
0
No change ±+ 12 4
13
0
1
132
Buyer's Advantage 25.0 Most expensive 25% of properties
≠≠
Strong upward trend ≠≠ Strong downward trend == 0 104 Upper-middle 25% of properties = Slight upward trend ≠ Slight downward trend
3
82
Lower-middle 25% of properties
The median list price in PALOS VERDES ESTATES, CA 90274 this week is $2,150,000.
±+ Average Days on Market (DOM) 206 Percent of Properties with Price Decrease 29 % Percent Relisted (reset DOM) n/a The Market Action Index has been trending down lately, indicating Percent Flip (price increased) 0% demand falling along with supply. Conditions point to mildly Monday January 14, 2013 Median House Size (sq ft) 4035 negative trends for the market. Local Market Trends Median LotISSize 0.25 - 0.50 acre REAL ESTATE DATA PROVIDED BY ALTOS RESEARCH LLC. ALL INFORMATION CONTAINED ABOVE & HERIN BASED ON PROPERTIES CURRENTLY LISTED FOR SSALE AND PALOS VERDES ESTATES, Median Number of Bedrooms 5.0 REPORTING AVAILABLE PUBLICALLY. THE DATA PRESENTED IN THIS REPORT IS ACCURATE TO THE BEST OF OUR KNOWLEDGE, BUT CANNOT BE GUARANTEED AS SUCH. Single Family Homes Executive Summary DATED JANUARY 14TH, 2013. NOTHING IN THIS REPORT OR ANY OTHER REPORT Median IN THIS MAGAZINE A RECOMMENDATION TO BUY OR SELL Number ofISBathrooms 3.2 REAL ESTATE.
Supply and Demand
Market Action Index
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes being PALOS VERDES ESTATES 90274 listed are larger and younger than they have been in the past.
This Week
±+
No change
Strong Buyer's
22.0
≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend
Price
Real-Time Market Profile
Trend
== Median List Price $ 2,150,000 Price trends in this zip code continued their recent uptrend this == Asking Price Per Square Foot $ 602 week. While still below the market's high point, we've seen a The median list pricefor in PALOS VERDESwith ESTATES, CA 90274 this Conditions point to mildly negative trends the market overall demand ±+ Average on Market (DOM) 206 nice Days run recently. week is $2,150,000. Percent of Properties with Price Decrease 29 % falling along with supply. Monday January 14, 2013 Percent Relisted (reset DOM) n/a The Market Index hasTrends been cooler trending– down indicating Local Market Relative to supply and demand, theAction market is getting morelately, supply is Percent Flip (price increased) 0% RANCHO PALOS VERDES, demand falling along with supply. Conditions point to mildly coming on the market relative totrends the sales demand. Single Family Homes House Size (sq ft) Executive Summary Median 4035 negative for the market. However, in recent weeks, prices have been moving higher. Median Lot Size 0.25 - 0.50 acrePrice Trends Median Number of Bedrooms 5.0
Market Action Index
The median list price this week is $2,150,000.
This price trend may be a result of improved quality (newer, larger) of the homes being listed. Look at the descriptive statistics where you may notice the homes 7-Day Rolling Average Rolling Average Buyer/Seller Cutoff being listed are larger and younger than they90-Day have been in the past.
Median Number of Bathrooms
Supply and Demand
Market Action Index
The Market answers the the market questionis"How's In terms ofAction supplyIndex and demand, gettingthe cooler - more Market?" measuring themarket current rate oftosale the supply isbycoming on the relative theversus sales demand. amount of the inventory. above implies Seller's However, in recent weeksIndex prices have30 been moving higher. Since it is Market conditions. Below 30, conditions RANCHO PALOS VERDES 90275 technically a Buyer's market, this price favor trend the maybuyer. be a result of improved quality (newer, larger) of the homes being listed. Look at descriptive statistics where you may notice the homes being The median list price this the week is $1,199,000. listed are larger and in younger than theyVERDES, have been the past. The median list price RANCHO PALOS CAin 90275 this
±+ No change
This Week Quartiles
Strong Buyer's
3.2 22.0
≠
== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend Real-Time Market Profile
Trend
== Median List Price $ 1,199,000 ±+ Asking Price Per Square Foot $ 476 7-Day Rolling Average 90-Day Rolling Average == Average Days on Market (DOM) 182 Inventory has been lightening and the days-on-market are increasing – these week islately $1,199,000. Market Action Index Percent Properties Decrease their recent 20 % uptrend this Priceoftrends in thiswith zip Price code continued Monday January 14, 2013 are mildly positive indicators for the market. Characteristics per Quartile Investigate in quartiles week. While still below the market'sthe highmarket point, n/a we've seen a Percent Relisted (reset DOM) Inventory has been lightening lately and the Market Action Index Local Market Trends nice run recently. where each quartile is 25% of homes ROLLING HILLS ESTATES, Percent Flip (price increased) 3 % Relative to supply and demand, market to get hotter. has beenthe trending up. continues Though days-on-market is increasing, these Single Family Homes Executive Median House Size (sq ft)ordered by price. 2478 are mildly positiveSummary indications for the market. More sales demand andQuartile fewer homes listed have contributed to a relatively long Age Inventory Median Median Price Sq. Ft. Lot Size Beds Baths New Absorbed 0.25 - 0.50 acre Lot Size DOM run of increasing prices. 0.50 - 1.0 Median Number of Bedrooms 4.0 acre Top/First $ 4,200,000 4498 5.0 4.0 47 7 0 0 234 Most expensive 25% of properties Median Number of Bathrooms 2.5Price Trends Current supply and demand levels show no sign of prices changing from their
current trend.
4572 5.0 Supply and Demand
Upper/Second
0.25 - 0.50 acre
$ 2,474,500
3.0
34
Price
8
Market Advantage 24.7 1 Action0 Index 241 Buyer's Upper-middle 25% of properties
==
0.25 - 0.50
The market$continues to get hotter. More sales demand and 1,985,000 Lower/Third 3646 4.0 Cutoff 3.0fewer 34 acre Buyer/Seller 7-Day Rolling Average 90-Day Rolling Average
upward trend 25% downward trend of Strong properties 0 0 Strong 98 Lower-middle ±+8No change == ≠≠ homes listed have contributed to a relatively long run of increasing = Slight upward trend ≠ Slight downward trend prices. Current supply and demand levels show no sign of prices 8,001 Market Profile 25% of properties Trend The Marketfrom Action Index answers the question "How's expensive $ 1,217,500 changing their current trend. Bottom/Fourth 3.5the 2.5 54 8 2 257 Least 1790 2 Real-Time 10,000 sqft Market?" by measuring the current rate of sale versus the ±+ Median List Price $ 1,624,000 ROLLING HILLS ESTATES 90274 amount of the inventory. Index above 30 implies Seller's == Asking Price Per Square Foot $ 517 Market conditions. Below 30, conditions favor the buyer. median list price in ROLLING HILLS South ESTATES, CA 90274 this | www.SouthBayDigs.com Bay Digs == Average Days on Market (DOM) 108 The median list price thisThe week is $1,624,000. week is $1,624,000. Percent Properties with 25 % Market Action Index The of market for this zipPrice code Decrease continues its bounce again this Monday January 14, 2013 Inventory has been lightening lately and the days-on-market are increasing – these 7-Day a Rolling 90-Day Rolling Average week. We're longAverage way from the market's high point Percent Relisted (reset DOM) n/a so watch Inventory has been lightening lately and the Market Action Index Local Market Trends the Market Action Index to predict how long this0trend will last. are mildly positive indicators for the market. ROLLING HILLS, CA 90274 Percent Flip (price increased) % has been trending up. Though days-on-market is increasing, these Single Family Homes Executive Summary Median House Size (sq ft) 3030 are mildly positive indications for the market. Characteristics per©2005-2010 Quartile Investigate theLLC market in quartiles by AltostoResearch | www.altosresearch.com | Copyright Altos Research Relative to supply and demand, homesPowered sales continue outstripLLC supply so watch 0.50 - 1.0 is acre Median Lot Size where each quartile 25% of homes for upward pricing pressure in the near future to see if the trend continues. Median Number of Bedrooms 4.0 ordered by price.
This Week
Price
Quartiles Quartile
Median Price
Sq. Ft.
Lot Size
Beds
4498 5.0 Supply and Demand
Top/First
$ 4,200,000
0.50 - 1.0 acre
Baths
Number ofDOM Bathrooms Age Inventory Median New Absorbed
4.0
47
Home sales continue to outstrip supply and the Market Action Index 0.25 - 0.50
$ 2,474,500 7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff 4572 3.0 Upper/Second has been moving higher for several weeks.acre This is5.0 a Seller's market34
so watch for upward pricing pressure in the near future if the trend 0.25 - 0.50 "How's the The Market Action Index answers the question continues. 1,985,000 Lower/Third 3646 4.0the 3.0 34 acre versus ROLLING HILLS 90274 Market?" by $measuring the current rate of sale amount of the inventory. Index above 30 implies Seller's 8,001 Market conditions. Below 30, conditions favor the buyer. The median list price thisThe week is $3,750,000. $list 1,217,500 Bottom/Fourth 1790 3.5week2.5 54 10,000 median price in ROLLING HILLS, CA sqft 90274 this is $3,750,000.
This Week
7
Market Action Index
0
±+8No change 1
0
234
3.0Price
Buyer's Advantage 25.0 Most expensive 25% of properties
Trends
==
Strong upward trend ≠≠ Strong downward trend == 0 241 Upper-middle 25% of properties = Slight upward trend ≠ Slight downward trend
Real-Time Market Profile Trend 0 0 98 Lower-middle 25% of properties ≠≠ $ 3,750,000 Median List Price == Asking Price Per Square Foot $ 748 8 2 2 257 Least expensive 25% of properties == Average Days on Market (DOM) 218 Percent of Properties with Price 33 %around their Market Action– Index Inventory has been lightening lately and the days-on-market are increasing these We continue to see prices in Decrease this zip code hovering 7-Day Rolling 90-Day Rolling highRelisted point. Look forAverage a persistent down-shift inAverage the n/aMarket Action Percent (reset DOM) are mildly positive indicators for the market. Bay Digs Inventory has been lightening lately andSouth the Market Action Index | www.SouthBayDigs.com Index before weincreased) see prices deviate from these levels. Percent Flip (price 0% has been trending up. Though days-on-market is increasing, these
8
Price
Quartiles
Relative to supply and demand, home sales have been exceeding new inventory are mildly positive indications for the market. for several weeks. However, prices have not yet stopped falling.
Medianper House Size (sq ft)Investigate the market 4827 Characteristics Quartile in quartiles Median Lot Size 2.5 5.0 acres where each quartile is 25% of homes Median Number of Bedrooms 5.0 ordered by price. If the market is in the “seller’s zone,” expect prices to level off very soon. Should Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC Median Number of Bathrooms 4.2Price Trends Sq. Ft.from Lotthere. Size Beds Baths Age Inventory New Absorbed DOM the sale trend continue,Quartile expect thatMedian pricesPrice could climb
Supply and Demand 4668 5.0
Top/First
$ 2,673,500
0.50 - 1.0 acre
5.5
14
Home sales have been exceeding new0.25 inventory for several weeks. - 0.50
$ 1,490,000 7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff 3014 4.0 3.0 is 43 acre Since However prices have not yet stopped falling. the market Upper/Second
already in the Seller's zone, expect prices to level off very soon. 0.25 - 0.50 The Market Indexcontinue answers expect the question "How'scould the Should the Action trend that prices $sales 1,079,000 Lower/Third 2302 4.0 climb 2.0 from49 acre Market?" there. by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's
22
Market Action Index
1
No change ±+ 23 2
23
2
1
290
Strong Buyer's 17.8 Most expensive 25% of properties
==
Strong upward trend ≠≠ Strong downward trend == 1 221 Upper-middle 25% of properties upward trend | SOUTHBAYDIGS.COM = Slight 1.18.2013 ≠ Slight downward trend
3
111
Lower-middle 25% of properties
51
NUMBERS To recap 2012, we’ve compiled some numbers derived from local real estate data (January 1, 2012 – December 31, 2012)
MANHATTAN BEACH SFR TOTAL SALES UNDER $1,000,000 IN 2012 Single Family Residences Manhattan Sand > 9 Manhattan Hill > 4 Manhattan Tree > 29 Heights | Liberty Village > 23 Mira Costa > 12
77
HIGHEST CONDOMINIUM CLOSED SALE PRICE 2012 The Strand | Manhattan Beach Listing Agent: Jack Gillespie, South Bay Brokers Selling Agent: Lisa Stott, Shorewood Realtors
$2,750,000
881
TOTAL NUMBER OF CLOSED SALES CONDOMINIUM & TOWNHOUSE 58% of total transactions were in South/North Redondo Beach $607,492,258 Closed Sales Volume (90254, 90266, 90277, 90278, 90274, 90275)
$7,000,000 HIGHEST CLOSED SALES PRICE | PALOS VERDES | 2012 Listing Agent: Chris Fitzpatrick, Pacific Land Corporation Selling Agent: Young Gill, REMAX Estate Properties
LOWEST STRAND CLOSED SALE PRICE 2012 The Strand | El Porto | Manhattan Beach
$2,200,000
(All property data taken from MRMLS Closed Sale Single Family Residence (SFR): for areas: Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates. January 1, 2012 – December 31,, 2012.) Information is deemed accurate but not guaranteed.)
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SALES closed sales 2012 January 1 – December 31, 2012
Manhattan Beach 90266 CLOSED SALES 355 Versus 321 closed sales in 2011 Minimum Sales Price: $569,900 Maximum Sales Price: $10,500,000 Average Sales Price: $1,791,081 Average Price Per Sq Ft: $679.47 Average Discount: 2.92% (Selling Price vs. Original List Price.)
Palos Verdes Estates 90274 CLOSED SALES 162 Versus 165 closed sales in 2011 Minimum Sales Price: $765,000 Maximum Sales Price: $6,500,000 Average Sales Price: $1,750,786 Average Price Per Sq Ft: $553.52 Average Discount: 3.49% (Selling Price vs. Original List Price.)
Hermosa Beach 90254 CLOSED SALES 126 Versus 100 closed sales in 2011 Minimum Sales Price: $532,000 Maximum Sales Price: $12,513,962 Average Sales Price: $1,563,895 Average Price Per Sq Ft: $711.18 Average Discount: 4.53% (Selling Price vs. Original List Price.)
Rancho Palos Verdes 90275 CLOSED SALES 348 Versus 334 closed sales in 2011 Minimum Sales Price: $200,000 Maximum Sales Price: $5,500,000 Average Sales Price: $1,124,634 Average Price Per Sq Ft: $427.78 Average Discount: 3.62% (Selling Price vs. Original List Price.)
South Redondo Beach 90277 CLOSED SALES 108 Versus 84 closed sales in 2011 Minimum Sales Price: $460,000 Maximum Sales Price: $5,300,000 Average Sales Price: $953,604 Average Price Per Sq Ft: $459.47 Average Discount: 2.98% (Selling Price vs. Original List Price.)
Rolling Hills Estates 90274 CLOSED SALES 93 Versus 36 closed sales in 2011 Minimum Sales Price: $655,000 Maximum Sales Price: $3,999,000 Average Sales Price: $1,266,755 Average Price Per Sq Ft: $444.01 Average Discount: 3.29% (Selling Price vs. Original List Price.)
North Redondo Beach 90278 CLOSED SALES 179 Versus 167 closed sales in 2011 Minimum Sales Price: $387,500 Maximum Sales Price: $1,300,000 Average Sales Price: $667,328 Average Price Per Sq Ft: $400.07 Average Discount: 1.52% (Selling Price vs. Original List Price.)
Rolling Hills 90274 CLOSED SALES 19 Versus 18 closed sales in 2011 Minimum Sales Price: $1,250,000 Maximum Sales Price: $7,000,000 Average Sales Price: $2,651,579 Average Price Per Sq Ft: $711.64 Average Discount: 10.61% (Selling Price vs. Original List Price.)
Hollywood Rivera 90277 CLOSED SALES 91 Versus 89 closed sales in 2011 Minimum Sales Price: $505,000 Maximum Sales Price: $6,500,000 Average Sales Price: $1,042,969 Average Price Per Sq Ft: $485.10 Average Discount: 3.21% (Selling Price vs. Original List Price.)
palos verdes peninsula CLOSED SALES 15 Versus 12 closed sales in 2011 Minimum Sales Price: $865,000 Maximum Sales Price: $1,425,000 Average Sales Price: $1,079,080 Average Price Per Sq Ft: $399.96 Average Discount: 4.05% (Selling Price vs. Original List Price.)
(ALL PROPERTY DATA TAKEN FROM MRMLS CLOSED SALE SINGLE FAMILY RESIDENCE (SFR): FOR AREAS: MANHATTAN BEACH, HERMOSA BEACH, REDONDO BEACH, PALOS VERDES ESTATES, RANCHO PALOS VERDES, ROLLING HILLS, ROLLING HILLS ESTATES & PALOS VERDES PENINSULA. JANUARY 1, 2012 – DECEMBER 31, 2012.) INFORMATION IS DEEMED ACCURATE BUT NOT GUARANTEED.)
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PNC and ACHIEVEMENT are registered marks of The PNC Financial Services Group, Inc. (“PNC”). PNC Mortgage is a division of PNC Bank, National Association, a subsidiary of PNC.All loans are provided by PNC Bank, National Association. This information is provided for business and professional uses only and is not to be provided to a consumer or the public. This information is provided to assist real estate professionals and is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. Programs, interest rates, and fees are subject to change without notice.
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DRE : 01405276 | OREA: AT044838
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ES CR OW
otos3.zillow.com/p_d/IS-j7qt6qv7c319.jpg
SO LD 2136 Chelsea Road
rolling hills horse property
IN
SO LD Saddle back road
SO LD
Legend
SO LD
SO LD
5213 Sunny Point Place
6310 Ridgepath Court
26763 Westvale Road
SO LD
SO LD
Copyright 2007 - Los Angeles County Department of Regional Planning, created by the GIS Section Printed with permission by the Los Angeles County Dept. of Regional Planning. All rights reserved. Note: This map represents a quick representation of spatial imagery or vector layers using GIS-NET. The map should be interpreted in accordance with the disclaimer statement of GIS-NET.
SO LD
Scale: 1:1,700 Printed On: Sep 21, 2012 GIS-NET | Public Web Mapping Application
25 Crestwind
840 Ave B
LD
LD
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SO
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27625 Eastvale Road
29 Santa Barbra Drive
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FOUNTAIN, MACKENBACH AND COULL (310) 990-9652 (310) 971-0970
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750 4TH STREET | HERMOSA BEACH
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ASKING PRICE: $979,000
ASKING PRICE: $1,800,000
EDWARD BARRIOS CELL: 310-200-1507 OFFICE: 310-698-1555 Hermosa Beach 950 Artesia Blvd. 310.376.8871
El Segundo 431 Main St. 310.322.4900
Edward.Barrios@Shorewood.com | www.EdwardBarrios.com Manhattan Beach 917 Manhattan Beach Blvd. 310.545.8401
Manhattan Beach 3300 Highland Ave. 310.546.7561
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Redondo Beach 1009 Torrance Blvd. 310.316.8464
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64
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SOUTHBAYDIGS.COM | 1.18.2013
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1156 Ninth Street Hermosa Beach TOTAL GEM IN HERMOSA BEACH Complete Custom Remodel Featuring an Open Floor Plan with a Commitment to Excellence and Attention to Detail 2 Bedrooms 2.5 Baths | Spacious Family Room with Fireplace (Which Could Easily Be Converted Back to 3rd Bedroom) South Facing 4,996 SF Level Lot | Refreshing Crystal-Clear Pool 2 Car Garage + 3 Cars in Driveway | Room for Future Expansion
OFFERED AT $1,070,000 Visit www.1156Ninth.com for additional photos Call 310-259-0488 for private showing
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4445 Via Pinzon | Palos Verdes Estates 4 Bed | 3.5 Bath | 3410 Sq.Ft. | 12,491 Sq.Ft. Lot
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KATHY & RACHEL TYNDALL 310.872.6358
KATHYMTYNDALL@GMAIL.COM RACHELMTYNDALL@GMAIL.COM WWW.TYNDALLTEAM.COM
OFFERED AT $1,750,000
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310.698.4545 310.379.2167
www. RajuSells .com Cell: 310-493-9533 DRE: 00874072
RANCHO PALOS VERDES
Mediterranean Oceanfront Estate with Private Beach Access
This expansive estate on a 1 acre lot is located on sought after Marguerite Drive, PV’s premiere, private cul-del-sac with private beach access. Approximately 10,000 SF, 6BD/7.5BA plus
maid’s quarters. Entry with soaring ceilings, columns, marble staircase & floors, skylights throughout, master suite and junior suite with balconies, ocean views from almost every room.
Sunny oversized gourmet kitchen, billiards room, private office off master suite, large pool with spa, family room with marble fireplace and wet bar, 500 gallon fossil stone aquarium, 4-car garage, surround/intercom/security systems. Lunada Pointe Club House with tennis courts / basketball courts.
OFFERED AT $9,990,000 68
SOUTHBAYDIGS.COM | 1.18.2013
PALOS VERDES ESTATES
Prime Real Estate with Ocean and City Views
Do not miss this amazing opportunity to own a piece of prime real estate in Monte Malaga! Situated on a 1.13 acre, mostly useable, lot that boasts breathtaking panoramic, unobstructable ocean and Queen’s
necklace views. 5BD / 4BA, 4,700 SF of living space with views to be enjoyed from almost every room! Kitchen with center island, custom cabinets, walk-in pantry and a breakfast area that looks out to the pool. Family room upstairs with large wraparound deck. This home is located on one of the best streets in Palos Verdes Estates!
OFFERED AT $3,999,900
Ranked #10 in the United States and #6 in California! Transaction Volume category - The Wall Street Journal and REAL Trends, Inc. published June 2011
RajuSells
| SOUTHBAYDIGS.COM  1.18.2013 69 www. .com
RANCHO PALOS VERDES
Custom Designed Contemporary Home with Exquisite Interior Finishes & Breathtaking Views
This gorgeous custom designed contemporary home has unobstructed panoramic Ocean View from Orange Coast to Malibu as well as Trump Golf Club & Terranea Resort. In the evenings enjoy panoramic sunset views of Catalina. Home features approximately 6,700 SF living space, 5 BR / 6.5 BA on a 24,295 SF lot. Super bright, airy floor plan encompassing indoors with outdoor area through the extensive use of “Fleetwood” glass doors and windows, which are wired for auto shades. Large open kitchen with breakfast area with fireplace
that opens up to outdoor patio with infinity pool / spa, TVs and fireplace. Dining room with an Aquarium. Extensive use of limestone inside and outside with hardwood floors in the bedrooms. Spacious Master suite complete with a private office. Six fireplaces, Media room, Custom Wine Cellar, private elevator, 3 car garage and large fully landscaped yard. Custom Designed Home by Architect, Luis de Moraes.
OFFERED AT $5,999,000
palos verdes office hermosa beach office
70
SOUTHBAYDIGS.COM | 1.18.2013
310.698.4545 310.379.2167
www. RajuSells .com Cell: 310-493-9533 DRE: 00874072
REDONDO BEACH
MANHATTAN BEACH
ROLLING HILLS
Beachfront Spanish / Mediterranean Home
Privacy and Splendor in the Fifth Street Forest
Ranch Style Equestrian Property Located on a 2- Acre Usable Lot
•
Views of the Queen’s Necklace and Santa Monica Bay
•
25 hand carved interior doors
• • •
5 BD / 7.5 BA with 9,200 SF of living space
8-car garage, elevator, indoor fountain, 8 fireplaces Located close to LAX airport
• • • •
Elite estate located in cul-de-sac
10,000 SF of living space on a huge 15,000 SF south facing double lot 6 BD / 6.5 BA
Movie theatre, full maids quarters, wine cellar, 4-car garage
•
Remodeled 5BD / 4.5BA with 5,734 SF of living space
•
Vaulted wood beam ceilings, views in kitchen & family room
• •
Long circular driveway with courtyard and water fountain Kitchen with 2 islands, hardwood floors and 3-car garage
$10,000,000
$7,995,000
$4,200,000
RANCHO PALOS VERDES
MANHATTAN BEACH
REDONDO BEACH
Mediterranean Villa With Panoramic Ocean Views
New Hill Section Construction!
2007 Lower Hollywood Riviera Custom Build
•
Mediterranean Villa with gated circular driveway
•
Elevator, 2 laundry rooms, state of the art kitchen
• • •
6 BD / 5.5 BA with 6,425 SF of living space. 1/2 acre lot Sauna/steam shower, and 8 balconies to enjoy ocean views Fully fenced & gated yard with 4 car garage
•
5 BD / 4.5 BA with 3,200 SF of living space
•
4 BD / 3.5 BA with 3,684 SF of living space
•
Open floor plan with private backyard
•
Floor plan - open layout & outdoor entertainment area
• •
Mediterranean style with designer finishes throughout Master bathroom with his & hers vanities and a jetted tub with separate shower
• • •
Hardwood floors and natural stone throughout Ocean view from master suite
Short distance to the beach and Riviera village
$3,600,000
$1,999,900
$1,799,900
RANCHO PALOS VERDES
REDONDO BEACH
MANHATTAN BEACH
Contemporary Style Home With Ocean Views!
Penthouse with Ocean/Queen’s Necklace Views
Charming Fully Upgraded Home in Tree Section
•
Bright & airy interior located on a quiet street
•
Beachfront Penthouse with 2 BD / 2.5 BA
•
Newly painted interior
•
Inside laundry, 2 parking spaces,
•
•
4 BD / 4 BA with 3,800 SF of living space
Very welcoming entry, 2 car garage & room for a pool
$1,799,900
•
•
Very open floor plan with 2,509 SF designer finishes throughout
Close to Riviera Village and restaurants
$1,695,000
•
Gorgeous Mediterranean with 3BD / 3BA
•
Hardwood floors, private backyard, 2-car garage
• •
Beautiful gated courtyard entry that’s been nicely landscaped Priced to sell!
$1,299,900 1.18.2013 | SOUTHBAYDIGS.COM
71
ARCHITECT | DESIGN | BUILD 2012
ROLLING HILLS
$10,990,000 27CRESTROADWEST.COM
HERMOSA BEACH
$925,000
RE JUS DU T CE D!
1635PALM.COM
KAUNAKAKAI, HI
72
SOUTHBAYDIGS.COM | 1.18.2013
$1,588,000 2820KAMEHAMEHA.COM
edlergroup.com Over $100,000,000 Plus in Sales in 2012! PALOS VERDES ESTATES
$10,500,000 978PASEOLACRESTA.COM
KITTY EDLER Direct: (310) 283-8790 DRE# 00800837 PALOS VERDES ESTATES
$9,200,000 PASEOLACRESTA.COM
RICK EDLER Direct: (310) 872-4333 DRE# 01113145
DARIN DeRENZIS Direct: (310) 418-6210 DRE# 01760239
VENICE
$4,499,000 25SVENICE.COM
1.18.2013 | SOUTHBAYDIGS.COM
73
TOTAL TRANSPARENC Y With the rates that we offer, there is nothing to hide. We provide our clients honest answers, sound advice and exclusive programs.
Recent Client Testimonial: “When we bought our first house in 2011, the process was overwhelming. But the one shining light in the process was Regan. Our realtor promised us that Regan would make the financial part of the deal easy, and that was definitely true. He acted as a guide through the whole process, and was always there to answer our questions. Regan’s support continued well past the point when our house was purchased. Over a year later, he contacted us to explain a new program that could benefit us and once again, he made the process quick and painless.You won’t find anyone more enjoyable to work with, and we will continue to recommend Regan to anyone we can.”
Matt and Tara
Transparency and solutions are the foundation of my success, and I promise both to each and every client. While other lenders focus on feel good services, I focus on the financing. In an industry that hasn’t had a great reputation over the past few years, I take pride in knowing that I’ve gained the trust and respect of my clients. In today’s market the most important thing when obtaining a home loan is the mortgage professional you work with and the resources that they have at their disposal. Whether you have a simple conventional purchase, or a complex Jumbo transaction, feel free to call me at anytime and find out why Watermark is right for you.
Regan Hagestad - Managing Director of Mortgage Banking 74
310-607-0131 I rhagestad@watermarkhomeloans.com I www.welcometoregan.com
SOUTHBAYDIGS.COM | 1.18.2013
EXCEPTIONAL rates Conforming loans with No points
Jumbo loans with No points
30 year fixed up to $417,000 3.375% (3.432% APR) 30 year fixed up to $625,500 3.625% (3.702% APR) 15 year fixed up to $625,500 3.0% (3.068% APR)
5 year fixed ARM up to $2,000,000 2.625% (2.833% APR) 10 year fixed ARM up to $2,000,000 3.25% (3.301% APR) 5 year fixed ARM up to $5,000,000 3.00% (3.153% APR)
FHA loans with No points
VA loans with No points
30 year fixed FHA up to $729,750 3.25% (3.801% APR) 30 year fixed VA up to $1,500,000 3.25% (3.498% APR) Rates Effective 1-14-13
30 Year Fixed up to $2,000,000 3.875% (3.981% APR) No Points
Call me personally for a private consultation
Regan Hagestad 310-607-0131 www.welcometoregan.com Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some jumbo products may not be available to first time home buyers. Some restrictions may apply. Based on the purchase/refinance of a primary residence. Credit and collateral subject to approval. Loan to value, debt to income and cash-out restrictions may apply. Programs, rates, terms and conditions subject to change without notice. Please remember that we don’t have all your information, so this does not constitute a commitment to lend. Therefore, the rate and payment results may not reflect your actual situation. To get more accurate and personalized results, please call (800) 357-4077 to talk to one of our mortgage bankers .Watermark Capital Inc. 16485 Laguna Canyon Rd. #205 Irvine, CA 92618 DRE license number 01523306 NMLS ID: 1838
HAPPY NEW YEAR!!
Rolling Hills 2012 Activity Active Listings
Bed
Bath
Sq Ft Lot Size
Georgeff Rd Palos Verdes DR N Cinchring Rd Buggy Whip Dr Caballeros Buggy Whip Dr Wagon Ln Eastfield Dr N Quailridge Rd Pine Tree Ln Possum Ridge Rd Eastfield Dr Crest Rd W
4 7 5 5 4 5 6 5 5 5 5 4 7
4 6 4 6 4 6 7 5 7 6 8 7 10
3,993 5,452 3,946 5,107 4,000 4,449 5,340 5,734 6,000 5,698 7,928 7,413 14,374
In Escrow Listings
Bed
Bath
Sq Ft Lot Size
Eastfield Dr Eastfield Dr Running Brand Rd Eatfield Dr Johns Canyon Rd
4 3 3 6 6
3 3 5 6 6
2,783 2,256 3,409 4,466 6,530
Sold Listings
Bed
Bath
Sq Ft Lot Size
86 E Crest Rd 1 Middleridge N Ln 6 Portuguese Bend Rd 15 Portuguese Bend Rd 57 Eastfield Dr 2 E Ringbit Rd E 38 Saddleback Rd 9 Caballeros Rd 3 Outrider Rd 15 Georgeff Rd 1 Reata Ln 20 Cinchring Rd 32 S Middelridge Ln 38 Portuguese Bend Rd 80 Saddleback Rd 9 S Middleridge Ln 11 Upper Blackwater Cyn Rd 0 Buggy Whip Dr 4 Pine Tree Ln
5 2 3 4 2 3 3 3 4 4 4 3 5 7 3 5 3 6 5
3 2 2 3 2 3 2 2 4 5 4 3 5 7 3 6 3 7 7
3,056 2,100 1,887 2,436 2,147 2,909 1,972 2,405 3,000 3,515 4,065 3,361 4,183 6,100 3,037 5,648 3,197 5,785 10,000
163,267 102,611 59,241 86,551 47,654 85,939 92,122 59,730 277,466 277,752 207,781 117,977 194,557
37,014 43,137 167,393 111,586 89,441
33,557 140,699 52,272 52,239 65,307 57,414 54,720 98,576 54,149 51,205 54,572 74,520 115,778 221,284 307,573 247,856 409,960 86,835 191,664
Pool/View Asking Price Pool & View Pool & View Pool & View Pool & View Pool & View Pool & View Pool & View View Pool & View Pool & View Pool & View Pool & View Pool & View
$2,750,000 $2,950,000 $3,100,000 $3,100,000 $3,750,000 $3,750,000 $4,050,000 $4,200,000 $5,995,000 $6,499,999 $10,500,000 $10,900,000 $10,990,000
Pool/View Asking Price View View Pool & View Pool & View Pool
$1,075,000 $1,250,000 $2,150,000 $2,519,000 $3,499,000
Pool/View Asking Price View View View View View View View Pool & View Pool & View Pool & View Pool & View View Pool & View Pool & View Pool & View Pool & View Pool & View Pool & View Pool & View
$1,269,000 $1,361,000 $1,450,000 $1,300,000 $1,400,000 $1,450,000 $1,850,000 $1,935,000 $2,068,000 $2,295,000 $2,999,000 $2,995,000 $3,200,000 $4,300,000 $4,299,000 $4,250,000 $5,500,000 $5,375,000 $8,999,000
Sales Price Price/Sq Ft $1,250,000 $1,275,000 $1,306,000 $1,400,000 $1,400,000 $1,500,000 $1,650,000 $1,650,000 $1,967,500 $2,200,000 $2,711,500 $2,850,000 $2,870,000 $3,300,000 $3,500,000 $3,850,000 $4,100,000 $4,600,000 $7,000,000
$409 $607 $692 $574 $652 $515 $836 $686 $655 $625 $667 $847 $686 $540 $1,152 $681 $1,282 $795 $700
Sale Date 12/28/12 1/12/12 4/26/12 7/25/12 9/13/12 6/1/12 2/17/12 4/17/12 10/5/12 4/18/12 4/11/12 9/20/12 10/17/12 5/25/12 10/25/12 7/18/12 7/26/12 12/28/12 1/17/12
2010 to 2012 Statistics Comparison 2010-2012 Sales Statistics
Average Days On Market
Average Sales Price
Average Price/Sq Ft
2010 2011 2012
197/197 179/182 120/166
$2,056,121 $3,112,778 $2,619,412
$616 $661 $729
Your trusted Rolling Hills Experts Gordon Inman — DRE #00446156 Keith Kelley — DRE #01810798 www.RollingHillsHomes.com TheInmanTeam@gmail.com | 1.18.2013 76 SOUTHBAYDIGS.COM (310) 944-5554
Soothing Sounds
south bay
of the waves...
home of the week PANORAMIC OCEAN VIEWS IN REDONDO BEACH 623 PASEO DE LA PLAYA, REDONDO BEACH Welcome to the very best in luxury Southern California coastal living.
Sweeping ocean views... the soothing sounds of the
waves... breathtaking sunsets... just a few unique features offered in this stunning ocean front Hollywood Riviera home. Perched high upon the bluff, the home enjoys endless ocean views from Palos Verdes to Santa Monica and Malibu and this spectacular property extends all the way to the beach on an oversized 21,659 foot lot. Extensively remodeled, features include new stone flooring, new windows, doors and sliders to take full advantage of the spectacular views, vaulted ceilings, new tile roof, gourmet kitchen with granite counters, stainless appliances and custom cabinetry and so much more‌
PRICED AT $2,950,000
KEITHKYLE 2007-2012 YEAR END TOP PRODUCER, REALTOR, E-PRO
(310) 251-2344 (310) 546-7611 x366 Keith.Kyle@southbaybrokers.com DRE#01712785
www.KeithKyleHomes.com
www.RuthandRaine.com ROLLING HILLS 4 ACRE SPANISH ESTATE
ROLLING HILLS GORGEOUS VIEW HOME
PA L O S VERDES VIEWS FROM SANTA MONICA TO NEWPORT BEACH
kw
KELLER WILLIAMS REALTY
BILL RUTH
keller williams palos verdes
310.621.2885 78
Bill@RuthandRaine.com |
SOUTHBAYDIGS.COM
1.18.2013
DRE #01047519
CHARLIE RAINE Re/Max Palos Verdes
310.377.4932 Charlie@RuthandRaine.com DRE #00982925
WWW.C21UNION.COM
UNION REALTY CO., INC.
! AC
TI VE
! AC
TI VE
! TI VE AC
AC
TI VE
!
MAKING YOUR DREAMS OF OWNING A HOME…REALITY.
RANCHO PALOS VERDES - 4997
HAWTHORNE - 0284
REDONDO BEACH - 5016
Luxurious Pacific ocean views
Large patio slab behind garage
UNIQUE BEACH PROPERTY BEAUTIFUL OCEAN VIEW!
G ND PE
PE
ND
IN
G
$539,000
IN
G IN ND
Del Aire Home with open floor plan
$949,000
$339,000
PE
PE
ND
IN
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PRICE REDUCED! $1,750,000
HAWTHORNE - 0275
LAWNDALE - 5046
TORRANCE - 4942
PARAMOUNT - 5050
LONG BEACH - 4998
Remodeled Home in El Camino Village
fabulous panoramic views of Palos Verdes
remodeled from top to bottom
covered patio and unpermitted bonus room
LAKEWOOD - 4996
Always putting your best interests first!
$169,000
PE N
PE N
DI NG PE N HAWTHORNE - 0274
COMPTON - 0276
freshly painted interior all new carpet
GREAT Starter Home
$389,000
Close to Lakewood Country Club
$165,000
DOUBLE YOUR INCOME!
TRI-CITY ESCROW
LICENSING COURSE
“SERVING THE SOUTH BAY
$179.00 GUARANTEED TO PASS!
RESIDENTIAL | INCOME | LAND BUSINESS OPPORTUNITY
CALL RAY 310.793.3311 OR STEVE 310.316.0909
$300,000
DI NG
$189,000
DI NG
$419,500
FOR OVER 30 YEARS”
310.326.7601
$360,000
TOP PRODUCER FOR THE MONTH OF OCTOBER!
PYE CREEDON
SERVING ALL THE SOUTH BAY 23900 HAWTHORNE BLVD, TORRANCE CA
310.371.6330
HAWTHORNE CA
79 310.978.2121
1.18.2013 | SOUTHBAYDIGS.COM
Visit Our YouTube Channel for a video tour of this home! YouTube.com/SouthBayDigs
HERMOSA BEACH MASTERPIECE RESIDENCE 3130 HERMOSA AVENUE 4 Bedrooms - 4.5 Bathrooms - 4244 Sq.Ft. (Taped) - Built in 2005 - Furnishings Included Chic coastal living where the surf meets the sand in Hermosa Beach is waiting for you. If you’re searching for a coastal residence with unparalleled presence and style, yet steps away from the sand of The Strand, you must view this panoramic ocean view property. The home is being sold furnished and exudes a comfortable elegance throughout including such luxury amenities as 9 flat screen televisions, remote controlled window shades, an elevator for ease of transit from the downstairs game room with pool table and bar, to the rooftop view patio complete with spa. From the artwork on the walls to the hardwood floors there is an effortless flow and continuity throughout the living spaces. There is a brilliant balance between indoor luxury and outdoor lifestyle. Whether you choose a walk on the beach, a soak under the stars in your private spa, or a little me time in your jetted bathtub, the invitation to enjoy life at the beach in world-class style awaits.
$5,500,000
80 
SOUTHBAYDIGS.COM | 1.18.2013
Enjoy the Epitome of Coastal Living
NORMA TOERING Broker Associate with RE/MAX Estate Properties (310) 493-8333 ToeringandTeam@gmail.com www.ToeringandTeam.com
NW RE AL ESTAT E BROK E RS, I NC .
Celebrating 33 years
In spite of a low inventory market, we have achieved record volume sales in 2012
SPECIALIZING IN RESIDENTIAL, COMMERCIAL & INCOME PROPERTY SALES, LEASING & DEVELOPMENT SERVING CLIENTS BOTH LOCALLY & INTERNATIONALLY
WWW.NWREBROKERS.COM | 310.546.3468
dream } home
dream home /drēm hōm/ noun a strongly desired home or property that fully satisfies a wish
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It’s your time… Market conditions are favorable. It’s a great time to make your move.
Here is your plan... Whether you’re considering buying or selling a home, call on the Realtor to help you navigate the market to your advantage and make new home dreams your reality.
Mountain Contemporary with Forever Views
Located on the outer rim of the Bluffs in Mammoth Lakes Pristine setting among stately pines All steel and glass 4000 sqft home Exceptional privacy and 360 degree views Two-Story Great Room/Loft/3Bd/3.5Ba/Media Room
CALL FOR PRICING
TRICIA RAPAPORT THE
REALTOR
TRAPAPORT@REMAXPV.COM
310-378-1163 WWW.THEGoToRE.COM DRE # 01339473
RE/MAX
ESTATE PROPERTIES
THE SHEARIN GROUP
UNITING EXTRAORDINARY PROPERTIES WITH EXTRAORDINARY LIVES
A Sampling Of Homes We Represented in 2012
Cindy Shearin The Shearin Group CRS, GRI, SRS, e-PRO SRES, CDPE, Green Certified Certified Luxury Home Marketing Specialist Serving the South Bay for Over 20 Years
Visit our WEBSITE and see what our clients say about their level of satisfaction www.CindyShearin.com
310.546.1501 - 310.200.8318
THOUGHTFUL DESIGN. STREAMLINED.
Design optimized by a builder’s insight. Construction driven by quality and detail.
New Construction
Remodel
Design Consultation
1215 Highland Avenue Manhattan Beach, CA 90266
310.545.0145
LazarDesignBuild.com
310. 990.
4727
DRE: 01116110
Gerard Bisignano
GB
GerardBisignano
Contact me for more information on off-market Strand and Walk Street homes.
Cell: 310-990-4727 gerard@coastalluxuryliving.com
MANHATTAN BEACH NEW CONSTRUCTION
Close your eyes & picture your dream home. Your personality, your style, and your unique way of life infused into every facet of your new home. A vision of luxury, functionality & comfort, your home should be nothing short of excellence... because you deserve the very best. Light-drenched ocean views, natural elements and a contemporary architectural aesthetic fuse together in this spectacular display of beach living. Conceptualized by renowned architect Michael Lee, this perfectly situated Manhattan Beach home is slated for completion mid-2013, featuring 5 bedrooms, 4 baths in 4,000 square feet of living space.
Starting in the Mid-$5’s
128 14TH STREET, MANHATTAN BEACH
3410 HERMOSA AVE., HERMOSA BEACH Architectural masterpiece by acclaimed Morphosis design team Thom Mayne & Michael Rotondi 4000+ sq. ft., 3 Bedrooms, 3 Baths.
ARCHITECTURAL LOS ANGELES For the ongoing collection of life...
$4,975,000
Unique properties occupy a different place in the world than do other
718 THE STRAND, HERMOSA BEACH
homes. Their appeal extends beyond their immediate locales to a
Stunning 3 Bedroom, 4 Baths home sits on the Hermosa Beach Strand just south of the pier & downtown. Fabulous panoramic views from all 3 levels. Just steps from the sand.
cosmopolitan market of discerning buyers as likely found on another continent as in the same city.
$6,300,000
I take great pride in using my considerable resources, global
Scenic Gated Community, Ranch-Style Estate with Breathtaking Views, Spacious floor plan offers 4 Bedrooms, 4 Baths, Spacious Master Suite, Pristine Stables & Park-Like Settings.
LD
connections and deep roots within
SO
the Los Angeles Architectural market to perfectly unite qualified people with exceptional properties. To those
$2,995,000
who value the unique, we possess an
ROLLING HILLS
intimate knowledge of the local market and specialize in homes of
Behind the Gates, 12,000 sq. ft. Home on 2 Acre Lot, 6 Bedrooms, 8 Baths, Gourmet Kitchen Formal Living & Dining Rooms, Home Theater, Wine Cellar, & Billiards Room, Rear Yard w/ Pool & Spa, 4 Car Garage.
architectural distinction. Truly extraordinary properties are different at every level, and they
$6,300,000
require real estate services that are as well. Your home is extraordinary;
2220 VIA ACALONES, PVE
shouldn’t your representation
Studio9one2 designed contemporary home. Open kitchen includes Viking appliances 5 Bedrooms and 5 Baths 3,559 sq. ft. of living space.
be the same? facebook.com/ArchitecturalLosAngeles
$2,199,000
.Coastalluxuryliving.Com
www
# 1 Realtor® in THE HOLLYWOOD RIVIERA IN 2012 and FOR 7 OF THE PAST 10 YEARS!
24,000 sq. ft. lot IN THE RIVIERA with unobstructed Queen’s Necklace Views!
(Actual view from this property)
sa o t/ pe su n n 14
NO OTHER PROPERTY LIKE THIS EXISTS IN THE RIVIERA! 3 bed/2 bath/1,470 sq ft/24,000 sq ft lot Offered at: $1,379,000
252 Calle de Madrid, Redondo Beach
829 Calle De Arboles, Redondo Beach
4 bed/2 bath/1,628 sq ft/6,639 sq ft lot/2005 remodel with incredible great room/kitchen combo
3 bed/1 ¾ bath/1,512 sq ft/6,635 sq ft lot
www.252CalleDeMadrid.com Offered at: $1,049,000
Elegant, Mediterranean-style
Es I cr n ow
LE FO AS R E
Es I cr n ow
Offered at $919,000
134 Calle De Andalucia, Redondo Beach
725 S. Juanita, Redondo Beach
167 Via La Circula, Redondo Beach
3 bed/1 bath/1,021 sq ft/6,901 sq ft lot
4 bed/4 ½ bath/3,074 sq ft/6,614 sq ft lot/Across from Alta Vista Park
3 bed/1 ¾ bath/1,572 sq ft/8,520 sq ft lot/Near Riviera Village
Remodeled kitchen, updated bath
www.725Juanita.com Offered at $1,299,000
www.167ViaLaCircula.com Offered at $975,0000
$3,250/Month
Your Best Move. IgorNastaskin Cell: 310.892.6016 Office: 310.378.9494 inastaskin2@socal.rr.com www.IGORrealestate.com DRE 01317822
LiveInHollywoodRiviera.com
# 1 Realtor® in Sales Volume in the Hollywood Riviera in 2012 #1 Realtor® in the Hollywood Riviera for 7 out of the last 10 years - Over $100M in Total Sales Volume in the Hollywood Riviera since 2002 Over 100 Single Family Home Transactions in the Riviera since 2002 - All time Highest Price Sale in the Hollywood Riviera (East of Palos Verdes Blvd.) at $2.55M (Source: Trendgraphix Inc) Information deemed reliable but not guaranteed. Buyer to verify all information.
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