sandy beachSouth Bay News

The South Bay is a collection of 13 cities that offer a vibrant Southern California lifestyle along the coast.

There's always something to do that is fun, entertaining, healthy, and close by. We'll keep you updated on a variety of events going on in our community

 

Sept. 29, 2021

5 Tips for Making Your Best Offer

Standing out as a buyer is critical in today’s sellers’ market. Multi-offer situations and bidding wars are the new normal, due to low inventory of homes for sale and very high buyer demand.

As a buyer during this fall season, if you’ve found the home of your dreams, you’ll want every advantage. The following are five things to have in your hip pocket when it’s time to make an offer.

1. Know your budget. Being mindful of what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so that pre-approval for a loan is already complete once your search begins.

Experts say that pre-approval gives way to a buyer’s greater confidence and equally important, demonstrates to the seller a serious intent to buy – which offers a competitive edge. Pre-approval enables a buyer to act quickly when they’ve found their perfect home.

This list of top lenders, published by money.com, can be helpful when looking at lenders to work with.

2. Be prepared to move fast. According to top real estate sources, the average home is on the market only 17 days. In July 202, the vast majority of homes were on the market for less than a month.

There is no time like the present to have an experienced, expert Realtor by your side, as staying on top of the market and moving quickly are essential like never before. Once you’ve worked with your agent to find your dream home, their help with crafting and submitting your best offer can happen as soon as possible.

3. Your Realtor can lead you to victory. Again, the company you keep throughout this process is critical to your success. Your trusted agent helps to make informed decisions and avoid pitfalls based on their expert experience in this field.

They especially know how to uniquely cater to a seller who is looking at multiple offers and, how to make yours stand out.

4. Craft a strong, fair offer. In today’s competitive market, 50% of offers on homes are above the list price, so both price and emotions can run high at the time an offer is made.

At the right time, your trusted agent can help you understand the following so that a strong, fair offer is made:

  • The market value of the home
  • Recent sales trends in the area
  • Current buyer demand

5. Understand the Seller’s needs, but resist waiving certain contingencies. Here is where your trusted agent will help you understand which levers are safe to pull if and when a negotiation takes place.

Certain contract contract contingencies may well suit both buyer and seller, and others are conditions are not recommended, per real estate experts.

In particular, Freddie Mac explains the following:

“Resist the temptation to waive the inspection contingency, especially in a hot market or if the home is being sold ‘as-is’, which means the seller won’t pay for repairs. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”

 

The bottom line is that today’s red-hot market makes it more important than ever to make a strong offer on the home of your dreams.

 

Make the experience an extraordinary one by connecting with an experienced group like the Dennis Hartley Team, and ideally look forward to your offer rising to the top.

Sept. 28, 2021

Today's Housing Market is like No Other

Whether you’re buying or selling, today’s housing market has lots of good news for everyone involved!

Buyers have a fantastic opportunity to get low mortgage interest rates, reap benefits of escaping rising rents, and secure an affordable monthly payment.

Sellers are in the catbird seat to receive multiple offers and fast sales.

If any of the above sounds like good news to you, connect with the Dennis Hartley Team today – we’re the expert partner you deserve for capitalizing on these unique benefits in the market right now.

Posted in Market Updates
Sept. 23, 2021

Weekender, September 24-26, 2021

 

Autumn officially arrived on Wednesday. Jewel-toned carpets - with movement, art, music, film, and cars - are rolling out to welcome the season, offering something for everyone.

 

Have a great, safe, and happy weekend!

 

Row for a Reason

Friday, September 24, 2021; 4-10pm

Saturday, September 25, 2021; 7am – 12noon

This special fundraiser supports the Cancer Support Community Redondo Beach, and invites rowers and those who would like to explore the sport.

 

The fun includes a raffle and margarita bar for the kickoff on Friday night. 

Body One Fitness

201 Herondo Street

Redondo Beach 90277

 

Dylanfest

Saturday, September 25, 2021; 12noon – 8pm

Day-into-night festival features top local musicians, to celebrate the music of Bob Dylan.

Guests are invited to attend in costume or themed clothing to feel more immersed in the atmosphere.

Discount for advanced ticket purchase; special prize for child’s ticket.

Torrance Cultural Arts Center

3330 Civic Center Drive

Torrance 90503

 

In the Moment, Opening Reception

Saturday, September 25, 2021; 5-9pm

First small group show in 18 months features the contemplative mixed-media art of three local South Bay Artist Collective Members, sharing hope of being in the moment and what comes next.

Beautiful art, snacks and drinks.

Free admission; registration on Eventbrite.

Resin Gallery

618 Cypress Avenue

Hermosa Beach 90254

 

Manhattan Movie Nights

Saturday, September 25, 2021; 6pm doors open; movie at 8pm

Street Food Cinema presents outdoor screening of The Addams Family, along with picnic-ready food trucks, live music, interactive games and more.

Westdrift Golf Course

1400 Park View Ave

Manhattan Beach  90266

 

SUNDAY CAR SHOWS – REDONDO BEACH AND MANHATTAN BEACH

Sunday, September 26, 2021

Rods, Rides, Relics Car Show displays some of the finest classic cars in the South Bay, over the water on the Redondo Beach Pier on Sunday from 10am – 3pm.

100 – 500 Fisherman’s Wharf

Redondo Beach 90722

Downtown Manhattan Beach Car Show is here for its 3rd Annual event, with proceeds benefiting the Manhattan Beach Police K-9 Foundation.

This open-air, street fair has live music, dining at local restaurants and bars, family fun, raffles and prizes on Sunday from 10am-2pm.

Manhattan Beach Blvd near the Pier

Manhattan Beach 90266

Posted in South Bay Events
Sept. 21, 2021

Live Larger in Small-space Quarters

Small-space living - even in a few rooms of your home - is good for the environment and easier on the wallet. It can also be a way to show off chic décor if you’re so inclined! Here are a few ways to be both efficient and stylish.

In the kitchen and dining areas

  • Create a unified look by using one statement stone for counters, backsplash, shelves, and vent hooding.
  • Monochrome is very cool with something like black-and-white prints and photos of varying size and scale.
  • A crystal-like chandelier will draw the eye ceiling-ward, creating the illusion of height.
  • Skip the island and opt for a round pedestal table to serve as both extra prep surface and a bistro dining table for two.

In living areas

  • Build custom seating, like custom banquettes on either side of a room; they may also serve as guest beds when the back cushions are removed.
  • Floating shelves with white-potted plants add visual interest and a sense of order, especially if plants are colorful and exotic.
  • Incorporate larger seating like a sectional set neatly in a corner.  
  • Create a heritage feel with clever placement of vintage treasures. Even chandeliers, large mirrors, and crown mouldings can make a small place feel bigger.

In the bedroom

  • With plain or paneled walls, repeat brightly textiled patterns for window coverings, headboard and bedding, to create a sense of continuity.
  • Let a guest room or small bedroom opt for a Murphy bed and offer mixed-use space. When the bed is not in use, there’s a studio for yoga, photography, crafts, etc.
  • Think like a retailer and organize an exposed closet with items grouped as found in a boutique; some things on hangers, some folded neatly underneath.

In the bathroom

  • Add a corner shower (without sacrificing much floor space) to make a 3/4 bath.
  • Splurge on high-end fabric curtains, extra-plush towels, and Euro-style fixtures.

Around the house

  • Make a fashion statement by placing things like favorite hats on a rack in the hallway, to add fun color and inspiration to wear them more often.
  • Think big – in size and attitude. Fewer, larger pieces of art can make a small room feel more spacious and inviting.

Photo by deborah cortelazzi on Unsplash

Sept. 16, 2021

Weekender, September 17-19, 2021

The feel of Autumn has arrived and our community is rolling out signature fun for everyone to enjoy.

 

Have a great, safe, and happy weekend!

 

Annual Studio Sale

September 1-30, 2021

Limited edition, one-of-a-kind artwork – perfect for gifts - by Sand Meditation Artist Cansu Bulgu, is offered at special prices for this month-long event.

 

Gallery also offers art consultations for home and business; all visits to gallery are by appointment only.

Cansu∞Art™ Gallery

Del Amo Fashion Center

3525 Carson Street, Suite 439

Torrance 90503

Instagram: @cansuartgallery

 

LA Kings 5K/10K Run/Walk

Saturday, September 18, 6:45am

Join LA Kings players and other esteemed hosts at this annual event (minus last year ;) to run, glide, skip, or skate through Riviera Village and along the ocean to raise funds for the Kings Care Foundation.

Music, food and drinks, vendors, prizes round out the fun.

Registration required; click on image for website details.

Riviera Village

Catalina Avenue and Avenue I, Redondo Beach 90277

 

Festival of the Kite

Sunday, September 19, 2021

12noon – 5pm

One of the longest-running kite festivals in the country, this free event welcomes children of all ages with contests, live music, hot dogs, dancing, and mass group kite ascension flight at the end.

Redondo Beach Pier

500 Fisherman’s Wharf

Redondo Beach, 90277

 

Circus Cabellero

September 9-20, 2021

This popular Latin, 3-generation circus promises fun and excitement for children of all ages – juggling, acrobats, even a daredevil motorcycle act.

Afternoon and weekend performances; children’s coupon offered. Click on image for website details.

Del Amo Fashion Center

3525 W Carson St., Torrance 90503

 

Lobster Rock Weekend

Saturday-Sunday, September 18 and 19, 2021

A crustacean celebration with food and drink specials, live music by several bands throughout the weekend.

 

No tickets required, just show up and have fun.

Rajin Cajun

525 S Pacific Coast Highway, Redondo Beach, 90277

Posted in South Bay Events
Sept. 15, 2021

The Autumn Real Estate Market

The kids are back in school ready to resume another year of academic learning. Pumpkin Spice Lattes have returned to Starbucks. Leaves are starting to fall on well-manicured yards.

Autumn has arrived.

The autumn real estate market has also begun and will continue until Thanksgiving. This time of year is not considered to be the “prime selling” season for real estate. The market is shifting into a lower gear. Inventory, demand, and closed sales will all fall, but not by as much as you might imagine. 

An examination of the sales data for the last five years shows that an average of 264 Redondo Beach homes closed escrow in the spring season.  The autumn season, in those same five years, saw an average of 208 homes change hands; a decline of only 20%.

With kids back in school, it is not the most advantageous time of the year to move. Some families opt to place their home search on hold and wait it out until spring. Similarly, there are fewer homeowners who decide to sell at this time of year.

Many buyers mistake the end of the year as the best time to purchase, believing they can "get a deal during the slower months". That is not the case. Instead, home prices will remain strong through 2022. With both the inventory and demand dropping at similar rates, the overall feel of the market will not change.

 

 Photo by Alisa Anton on Unsplash

Posted in Market Updates
Sept. 8, 2021

Agent is Key in Pricing Home for Sale

Pricing your house isn’t guess work. Setting the right price upon listing a property takes market experience and expertise.

To determine the best list price, your agent balances current market demand, values of homes in your neighborhood, where prices are headed, and your home’s condition.

An underpriced home:

Decreases future buying power;

Loses value;

Deters skeptical buyers.

An overpriced home:

May have price drops – sends the wrong message to buyers;

Sits on the market longer;

Prices out potential buyers.

A home priced well, at market value:

Has a better chance of a bidding war;

Yields a higher purchase price;

Sells very rapidly.

 

If you’re ready to sell, don’t guess on the price.

Connect with the Dennis Hartley Team right away. We have the requisite experience - having done this for over 30 years – to price your home exactly right. Let’s work together to attract multiple offers and maximize your return on investment.

Photo by Francesca Tosolini on Unsplash

Aug. 26, 2021

South Bay Weekender, August 27-29, 2021

Summer may be rounding to an end on the calendar, but sunny skies, balmy days, and exciting nights here at home are still going strong.

Have a great, safe, and happy weekend!

 

Outdoor Concert by The Retros, at The Depot

Saturday, August 28, 12noon (doors open at 11am)

Enjoy great dishes exclusive to The Depot and adult beverages, all to the tunes of live music by The Retros.

Seating is limited; bring your own chair, hat, and sunscreen! Tickets are $20; for more information and ticket purchases, please call restaurant at 310.787.7501.

The Depot, 1250 Cabrillo Avenue, Torrance 90501

 

El Segundo Art Walk

Saturday, August 2, 3pm – 9pm

This free event, set in the Downtown and Smoky Hollow Districts, features fine art, live music, great food and drinks.

Creative El Segundo businesses will open their doors to become an exclusive pop-up gallery that celebrates original artwork from LA-based artists.

Live entertainment, beer garden, and food trucks make this a one-night, extraordinary experience.

Downtown El Segundo, 90245

 

Summer Concerts in the Park

Saturday, August 28, 4pm-6pm

The City of Rancho Palos Verdes presents a fun summer evening with live music by 80-Do, a classic rock&roll band. Food trucks, beer and wine booth, and inflatables for children round out the fun. Bring low-slung beach chairs and blankets.

RPV Civic Center, 30940 Hawthorne Blvd, Rancho Palos Verdes, 90275

 

Torrance Family Movies in the Park

Saturday, August 28, at dusk, around 8:00pm

Families will love this local park turned into a movie theater experience. Movie begins around 8pm; relax, sit back under the glow of the moon and stars!

 

Wear warm clothes, bring lawn chairs and popcorn. This week’s film is Disney's Onward, rated PG; free event.

 

Greenwood Park, 1520 Greenwood Avenue, Torrance, 90503

 

 

A Unique Grilling Experience, presented by Edo Bites

Sunday, August 29, 3pm-7pm

Renowned Beverly Hills Chef Edoardo Baldi comes to Manhattan Village for this special outdoor event that includes live music, games, and Chef Meet&Greet.

 

A specially, well-priced menu is offered with selections from the grill - ranging from steak tacos to peach cobbler. RSVP to attend and automatic entry to win special prizes.

Manhattan Village, 3200 Sepulveda Blvd, Manhattan Beach, 90266, 310.546.5555

Posted in South Bay Events
Aug. 25, 2021

Sellers are in a Sweet Spot

In today’s Sellers’ Market, homeowners are poised to win big when they list their home.

The fact is, homes are selling very fast. On average, homes receive 4.4 offers and are selling above the asking price.

When sellers go to buy their next home, they win again by addressing their or their family’s changing needs and taking advantage of historically-low mortgage rates.

If you’re ready to make a move, connect with The Dennis Hartley Team today to capitalize on today’s market and find your next dream home.

 

Image by RitaE from Pixabay 

Aug. 23, 2021

Forbearance Worries?

There has been talk in the media that the national forbearance program implemented at the start of the pandemic and soon to come to an end, will lead to a wave of foreclosures and cause chaos in today’s sizzling hot real estate market. Forbearance allowed borrowers to pause their payments and in turn, enter into various plans for lower payments or complete deferral of payments until the end of the loan term.

Many people jump to the plight and homeowner struggles during the Great Recession as an argument that the housing market is about to repeat itself. In September 2009, delinquent loans had risen to 14.4%. Today, 3.4% of all mortgages are in forbearance, which amounts to 1.7 million homeowners. The vast majority of those that remain in forbearance will not become a foreclosure or short sale statistic. Why is it different this time?

Thanks to the screaming hot housing market and skyrocketing home appreciation, most of these homeowners have plenty of equity to sell their home. 87% have at least 10% equity, more than enough to sell and walk away with net proceeds. The 13% remaining amounts to 221,000 homeowners. Many of them will work out some sort of loan modification with their lenders. Lenders have learned many valuable lessons from the Great Recession, and are not at all eager to foreclose. 

The number of homes that are in danger of foreclosure - due to inadequate equity - pales in comparison to the nearly nine million homes lost to foreclosures in the Great Recession. These homes will be easily swallowed up in today’s ferociously hot housing market.

Bottom line, the sky will not fall. Instead, everyone should expect more of the same. The ultra-low, anemic inventory will remain, and demand will be juiced due to historically low mortgage rates.  Whether you’re buying or selling, I’m here to help.

 

Photo by Zane Lee on Unsplash

Posted in Market Updates