November 25, 2013
Hermosa Beach Holiday Tree Lighting Ceremony
December 5, 2013 – 6:00 p.m.
Hermosa Beach Pier
The Hermosa Beach Chamber of Commerce will host the Annual Holiday Tree Lighting Ceremony on Thursday, December 5th at 6 PM at the Hermosa Beach Pier. The event will feature the official lighting of the Hermosa Beach Holiday Tree to help kick off the holiday season in Hermosa Beach. The festivities will include holiday carolers, bands from Hermosa View and Hermosa Valley Schools, hot cocoa sales from the Hermosa Beach Woman’s Club and an appearance from Santa.
More info on our website!
Riviera Village Holiday Stroll
December 5, 2013: 5:00pm – 9:00pm
Riviera Village, Redondo Beach
Start your holiday celebrating in Riviera Village at the annual Holiday Stroll on Thursday, December 5, from 5 to 9 pm. This wonderful collection of upscale shops will stay open late that night, offering fabulous finds and delectable treats to all. The Holiday Parade steps off at 6 pm down Ave. I and Catalina Ave. and features local bands, dance teams, and dignitaries.
Sand Snowman Contest
December 7, 2013
The weatherman says it’s nothing but sand! Sand! Sand! Sand! Bring your family and friends, shovels, scarves and mittens because Hermosa Beach will be showcasing its annual Sand Snowmen Contest December 8th from 8:45 PM – 12N. This holiday tradition is open to all ages and abilities. Come early and mark your spot for the best Sand Snowman! Don’t forget to bring your camera! Event check-in begins at 8:45 am and sculpting begins at 9:00 am. For more information, contact the Community Resources Department at 310.318-0280.
Spyder’s Snowfest in Hermosa Beach
December 7, 2013 at 1:00 PM
Pier Avenue Hermosa Beach
Spyder’s Snowfest in downtown Hermosa Beach is back Saturday, December 7th! The third annual event will drop over 60 tons of snow on Mt. Hermosa. Although last year’s Snowfest didn’t happen, this year Spyder, Mountain Hight and the general goodwill of the snowboard industry have teamed up to bring the event back to Pier Avenue. A riding exhbiton will be put on by the Mountain High Team and some of Southern California’s best jibbers. Tons of vendors will be there handing out free goodies, playing games, and having contests.
Vist our events page to find out more about this year’s Snowfest.
25th Annual Manhattan Beach Holiday Fireworks
December 8th, 2013
Manhattan Beach Pier
The Manhattan Beach Holiday Fireworks Festival is held at the Pier every year in December. This year’s Fireworks Show will take place on Sunday, December 8th with festivities starting around 3:30 pm. This is a very popular event and crowd size can swell up to 15,000… for good reason. Manhattan Beach, with the help of sponsors like Skechers and others, puts on one of the most spectacular firework shows west of Carson. Traditional holiday favorites like a snow park, toy & canned good drive, and live music by Hyperion Outfall highlight this annual event… and of course there will be fireworks:
- (7:00 PM) – Fireworks Show choreographed to seasonal music
Bring blankets, a bottle of wine, some gloves, friends, family, and your baby stroller, this event is a blast and the fireworks show is always top notch. The Holiday Fireworks are expected to go forward, rain or shine, on Sunday.
Find out more about this year’s 25th Annual Manhattan Beach Holiday Fireworks on their website.
Torrance Civic Chorale & Orchestra
December 13th & 14th, 2013 at 8:00PM
David Burks – Conductor
Celebrate the holiday season at the James R. Armstrong theatre in Torrance. The Torrance Civic Chorale has been sharing its passion for outstanding choral music with the South Bay since the early 1960s. This year they weave together an evening of Christmas and Hannukkah songs as well as major excerpts from “The Polar Express” and “Home Alone” movies. Reserved seating is available for $16.50, call the theatre box office at (310) 781-7171.
More info on our website!
Holiday Concert & Santa on The Redondo Beach Pier
Redondo Beach Pier
December 14th, 2013 – 3:00 PM – 5:00 PM
Surfin’ Santa Claus & Holiday Music
Holiday celebrants fill the Redondo Beach Pier Saturday afternoon for a free, community event put together by the Redondo Beach Pier Association. The stage is set for two hours of live music provided and an appearance by Mr. Claus himself. This event is family friendly and parking is FREE!.
Check out what else is happening for this annual holiday event on our website!
22nd Annual King Harbor Christmas Boat Parade
December 14th, 2013
Nothing says California Christmas events like a boat parade. Combining the love of California beaches and waterways with the spirit of celebration, dedicated yachtsmen spend thousands of dollars on intricate lighting systems to deck out their boats and yachts for the annual King Harbor Christmas Parade. The seaworthy vessels within the channel follow a route that sweeps past vantage points where the public can watch the spectacular display of colors, designs and themes, often tied to the Southern California lifestyle.
The Boat Parade will light up King Harbor in Redondo Beach. Spectators can view the balconies from the International Boardwalk, Marina or Pier and the boat parade can be viewed from the seawall or Fisherman’s Pier.
The Nutcracker – Presented by Los Angeles Ballet
December 28th, 2013, 1:00 PM & 5:00 PM
December 29th, 2013, 2:00 PM
Redondo Beach Performing Arts Center
Welcome to the world of The Nutcracker. This is the production that is the heart of Redondo Beach’s year-end holiday season. Whether it is a family tradition or a once-in-a-lifetime visit, your experience of this glittering classic ballet will stay with you forever and warm your spirit. From the moment the lights dim, you will be transported to a magical place filled with adorable children, marching toy soldiers, a glowing giant Christmas tree that seemingly grows forever, mischievous mice, crystalline waltzing snowflakes, the Land of Sweets and some of the most glorious dancing on earth. Visit our event’s page to find out more about this end of the year event
There you go…fireworks, Santa, snowmen on the beach, and everything in between. Grab a jacket or at least a hoodie and join your fellow locals for these unique holiday events.
April 27, 2013
Hollywood Riviera Real Estate Market Update – April 27, 2013 –
There are currently 19 homes for sale here in the Hollywood Riviera. They range in price from $720,000 to $4,200,000 (but I am going to take this outlier from the equation to keep things on an even playing field) So the next highest priced home is $1,989,000. Keeping these numbers in mind, the average price for a home here in the Hollywood Riviera today is $1,271,206. Which means the average dollars per square foot are $538. The average days on market of these 19 homes is 48 days. (This time last year there were 12 homes for sale with an average days on market of 72.)
There are 13 single family properties that are currently under contract or in escrow here in the Riviera. They had an average days on market of only 33 days. The average price of the pending properties is $1,020,077, or $524 a square foot. (Notice that the average price and average dollars per square foot goes down from the ‘active’ homes to the ‘pending’ properties. And it will go down further for the’ solds.’)
There have been 32 homes sold since January 1st, 2013. The average price of those 32 homes was $1,058,622. And the average days on market of those homes was 44 days. The average dollars per square foot is $514. Let’s compare this to last year (same time period: Jan 1 – April 26th.)
Jan 1 – Apr 26 – 2012
Number of homes sold = 26
Avg price = $997,750
Avg dollar/sq ft = $460
That means we’ve sold 19% more homes this year over last year with a 2.2% average price increase. 13 of the 32 homes that sold this year so far sold at or over the asking price. 9 sold over the asking price – that is 28% of the homes sold in 2013 selling above their list price. This is an exciting time for sellers and still a great time for buyers to enter the market. The inventory has increased over the last few weeks which means there are a few more homes to choose from. Interest rates are still being offered at historic rates (thanks to the Feds who are still looking to stimulate our economy. Thank you, Uncle Sam.)
April 16, 2013
Hollywood Riviera real estate – Least and Most Expensive Homes for Sale – April 2013
It’s April 2013 – Spring selling season is here, yet we have low inventory compared to years gone by. What can someone looking to live in this picturesque neighborhood expect to find?
The least expensive home currently for sale here in the Hollywood Riviera was just listed one day ago for $680,000. It’s a fixer upper one home in from Calle Mayor, one of our micro-main drag-streets. This quaint (aka – small) home of 1225 sq ft has ‘Riviera Fixer in need of TLC” as its main description. Need I say more?
For those buyers wanting to get something a bit more spectacular here in the Hollywood Riviera, you might want to take a look at the home for sale on Calle de Aragon for $1,998,000 (also written up by the Redondo Beach Patch as one of Redondo Beach’s priciest homes for sale recently.) It’s a lovely home with an incredible view of the ocean, city lights and mountains, not to mention it’s been extensively remodeled throughout – including the impeccable garage. The backyard is all-pool and one that just doesn’t match with the rest of the home’s new style. No idea why they didn’t dress that area up as well? It’s been on the market now for 50 days (which as of today the average days on market of the homes currently for sale here in the Hollywood Riviera is down to a mere 45 days (although if I had to average out the days on market of the ‘high end’ homes for sale here – of which we have a bit of a glut – you’d find the days on market number increases to 82 days.)
This leads me to a whole other story the one about pricing your home properly in today’s market. Stay tuned….
March 10, 2013
Monte Malaga, Palos Verdes Estates - Looking down to Torrance Beach and Redondo Beach...what a day to live here! Taken February 27, 2013!
February 25, 2011
I went to a seminar this week that was given by a CA Realtor Association lobbyist who works in Sacramento and gave us some scary information about proposed leglislation that they are fighting against.
Here are some of the highlights of what he told us:
1. The CA state sales tax could soon include services from lawyers, doctors and realtors. For example, if a realtor charges and collects 5% of the purchase price of a million dollar home, that 50k would be taxed at 9.75% and that money would have to be collected and sent to the state like a normal sales tax. I personally think the chances of this passing are slim. The administration costs would be enormous. Who pays, who collects, who send to Sacramento?
2. Challenges to Prop 13. More power is being transferred to city governments vs. the state government and thus, cities want to challenge prop 13 to get more money to pay for services, debt etc.. This one could be interesting.
3. Mortgage interest deduction. This is more of a federal government proposition. I really doubt we will see this as a major sweeping change for tax purposes. But more likely possibilites include income property or second home deduction changes or elimination of those, elimination of the mortgage interest deduction for high income individuals (250K and up)? Who knows how this one will play out but I will be watching and happy to support this being killed.
4. Reduction of the jumbo conforming loan limits from 729k down to 625k or below. This could make a big impact in our area since the average sales price is over one million dollars. They will also raise down payment requirements and fees for Fannie and Freddie loans which means less people will qualify for those. These changes are the most likely of the items I have discussed to occur.
So my advice to potential home buyers is… BUY NOW!
February 17, 2011
California’s Million Dollar Home Sales UP in 2010 – 1st Time since ‘05: Being that the average sales price here in the Hollywood Riviera for 2010 was close to $1 million dollars – this is good news! DataQuick News reports the story here - Oneof our South Bay towns, Manhattan Beach is on top of the heap with greatest number of home sales over $1 million dollars last year – 326 homes vs 260 from the previous year (2009.) The most expensive sale in Manhattan Beach last year was $6.3 million. Rolling Hills Estates made the list as well with a total of 245 homes selling over $1 million dollars last year as well vs. 187 in 2009. Rancho Palos Verdes was on the list as well posting 163 homes over $1 million dollars last year vs 2009’s 140. To see the full article click here.
February 16, 2011
Hollywood Riviera Average Sold Prices 2000-2010
The graphs show a 10 year history of Average Sales Prices & the Number of Homes Sold here in the Hollywood
Riviera. As you can see back in 2000 the average sales price was $561,000 and 143 homes sold that year – wow that’s more than 11 homes sold per month! Over the next 6 years the average price continually rose until it hit it’s high in 2007 of $1,139,000; that is a 51% increase in those 6 years! 2003-2004 was the year that had the largest gain with a 24% increase in average price that year $777,000 up to $1,015,000. The number of homes sold is almost half of what it was back in 2000 with only 77 selling in 2010 vs. the 143 back in 2000. Looking at the graph really gives you a good visual of the small drop in average price we’ve really had over the last 3 years. We really are lucky!
Number of Homes Sold in the Hollywood Riviera 2000-2010
November 8, 2010
Hollywood Riviera Market Activity for October 2010 -
October was not as bad as it seemed real estate-wise here in the Hollywood Riviera. 4 homes went into escrow during the month of October – there was an average of 100 days on market for those homes though – guessing those folks are excited to be in escrow. These were all lower end homes with an average list price of $775K (or $225K lower than our current average selling price.) Click here to see those homes.
The month of October also had 7 closed sales here in the Riviera. The average days on market of those homes was also 100 days – ‘trend alert’ - years ago this used to be the norm – 3 months on the market. The average price of those sold homes was $1,014,714 or about 3% off the list price. The lowest price home to sell was $689,000 on Riviera Way – it was a 1360 Sq Ft home that sat on the market for 143 days. It’s original list price was $729,900 before they reduced it to $689,000 and then finally sold it for that same price. The most expensive house to sell was on Paseo de la Playa for $1,900,000. It’s original list price was $2,649,000 and they reduced the price 3 different times with the last price reduction of $1,995,000 leading to its sales price of $1,900,000 in a matter ofr 148 days. Click here to see the list of Hollywood Riviera homes sold in October 2010.
October 18, 2010
Have Short Sales & REO’s affected the Hollywood Riviera? – Since January 1st, 2010 – there have been 6 REO’s (Bank Owned properties – negotitations with the bank) and 7 Short Sales (Home sells for less than the mortgage notes so bank has to forgive the difference. Negotiations with the bank not the seller.) And this is out of the 63 sales we’ve had this year – so about 20% of the sales so far. Question now is have these sales affected the market? Out of the 6 REO”s – 3 of them sold OVER asking price. Typically the bank will aggressively price a property it owns as to get it off the books immediately. As you can see, homes that are aggressively priced still sell for “market” price. When the low list price is used as a strategy it usually equates to shorter DOM for those properties as well – the 3 that sold over asking all went into escrow within a week.
Now those 7 Short Sales are a different story. One such short sale took only one month to put into escrow – but it took 5 months to get it to close escrow. A different short sale took almost 6 months to put into escrow; it was in escrow a few times and kept falling out, but the last time it went into escrow it only took one month to close. There are no guarantees when dealing with the bank. When things are taking too long often buyers walk away from the table and go find a different property.
In 2009 – there were only 2 REO’s and 3 short sales – so the Hollywood Riviera certainly has had it fair share of increased “distressed sales” this year over last year. With the banking industry’s self imposed moratorium on foreclosures now in effect, who’s to say what will happen, but the number of REO”s will certainly decline for a while.
In 2008- there were 2 REO”s and 1 short sale – all in all, the short sales are what we are seeing more of across the board. And honestly, it’s easier to sell an REO usually than a short sale.
The REO’s downside is that the buyer will get NO disclosures regarding the property’s history and sometimes the property will have missing appliances and/or be in bad shape. It is important for the buyer to hire a qualified home inspector to report on the overal condition of the property. In a short sale, the seller is usually still a participant in the transaction and can provide the proper disclosures.
So have short sales and REO’s affected the Hollywood Riviera? – I’d say yes they have. 20% of market share for 2010 sales so far is a big number and one that can affect average market price and increase the average days on market. With that said, properties are taking a lot longer to sell in this 2nd half of 2010 than the 1st half of the year. One thing to keep in mind however is that local real estate news trumps national real estate news for what’s really happening in “your” neighborhood. All in all, we are very lucky here to not have been as hard hit as other areas on a state and nationwide basis.
Kelly & Laura have been making regular posts to their website/blog http://www.KellyandLaura.com for almost 2 years now. Keep coming back for regular updates regarding Hollywood Riviera and South Bay real estate information.
September 15, 2010
South Bay Events – Check out South Bay Events & Restaurant Specials – This is a great website to bookmark for those nights you want to go out and eat but can’t decide where to go. Find deals and special events all in one place – http://www.SouthBayEvents.com