I’ve been harping on for years that the media takes it’s good sweet time to catch up to what is really happening in Real Estate at base camp where the top producing Realtors are in the trenches battling it out to get the best for their clients.
The prediction VS the reality of the “bottom” and the subsequent strong recovery of our housing market here in beautiful Southern California was happening much sooner than the media reported.
All that notwithstanding, the market is caressed by the faint chill of a pre-autumnal breeze. We track that data with hard numbers of sales, pending sales etc. But we the realtors, we just ‘feel it’ – The market has cooled.
So with rates up, inventory increasing and nothing too dramatic to report I thought I’d give you a personal view of what people are buying and selling so far this year as we cruise towards the back to school, back to fall, pre holiday fever.
My buyer’s new homes and my sellers newly sold homes represent quite a cornucopia of styles and legal descriptions. Let’s start with Redondo Beach where my buyers are settling in nicely in a variety of Digs.
One happy family is thrilled with their newly renovated (down to the studs) Cape Cod single family on one of the best streets in South Redondo; Irena. Big smiles all around. Took some creative negotiating but that’s what I’m here for!
A newly transplanted South Bay resident and her precious puppy coming from up North near the Facebook HQ are happy on the Esplanade in a spacious single level condominium with a wrap around deck, small complex – its perfect. I brought this to her off market and I knew it was the perfect fit. We dealt with multiple counters but we were the successful bidders!
A rare situation came up with my Air Force family. They were moving from back East and couldn’t see a property before inking the contract. Pressure!! Sight unseen, now that requires a large amount of trust in your Realtor. I found them a great townhome in North Redondo and the large family of 5 and two dogs are joyously ensconced in their new Southern Californian life.
My dear client’s S. Historic Redondo Duplex I sold a couple years ago when they moved East, are back! I had to find them a rental without them setting their eyes upon it! Again, trust. They are happy so I’m happy.
My Doctor clients were being transferred to San Diego. I had sold them their townhome in a very challenging location on PCH a few years back. Flash forward and now I was selling it for them. Selling it this time required some teamwork as I was dealing with contract negotiations from Bora Bora! The deal got done and they relocated to San Diego.
My retiring Aerospace clients are almost ready for the Andy’s Fumigation Tent to go on their stunning front unit townhome on Broadway. It’s a big and emotional move for them. So far so good. We were supposed to close escrow on Friday the 13th but the buyers are uneasy with that date, so an amendment is easily enough drawn up! Buyers and sellers are in agreement. September 12th is fine. I guess I’m the only one with 13 as my lucky number.
Hermosa Beach clients have also kept me busy these first 8 month of the year.
My sweetest little family of 3 from NYC take possession of their cottage cute Hermosa Hills single family home on Friday. It’s been a long wait but this off market property I found them is just perfect; you know it is when the wife and mother to be breaks out into tears of joy when I opened the front door for the first time!
I sold my young Anesthesiologist client a Duplex in Hermosa Beach last year. I’ve put tenants into both units. But the last tenants surprised me. They gave notice and bought my listing on Ocean View Avenue (around the corner). It is a small world. That property was a huge ocean view townhome with a roof top deck, and tons of windows, showing off the stunning coast line of Hermosa Beach and onto Palos Verdes.
I brought a buyer from the West Side an amazing Kim Komick new construction single family home. They finally moved in and it is a masterpiece. It sure is helpful to buyers that I have one of the South Bay’s preeminent builders in my speed dial and who takes my call, drops her surfboard on a Labor Day weekend and runs to walk the property still in the “framing” stage to a potential buyer. Thanks Kim!
My other favorite family of 3 took possession of their Hermosa Hills single family home on the dad’s 40th Birthday. What a gift. The only person in the family who had a place to sit for dinner on their first night in their new home was their young son, who curtsey of Alison, had a spanking new, fire engine red plantation chair.
My career has many rewards. It’s always fun to sell a home to a young newly married couple. The happiness, the expectations for the future. I am privileged to have shared in this newlywed’s joy. Several years later this Hermosa Beach family grew their family to bursting point. Kids, dogs they needed Alison to the rescue. Mission: sell their contemporary view townhome and find them a big single family with a yard. Done! Success, happiness all around.
Now let’s head up the hill to Palos Verdes.
This client was a challenge. A young lad, a professional on the cutting edge with vision didn’t quite know what he wanted. Do I like/thrive on a challenge? You bet I do. I sold his single family home in North Redondo and after a year of looking I brought him the perfect off market property: A historic home in Palos Verdes Estates near Malaga Cove. This home would require quite a lot of renovation, but for an old bird, she was in pretty good shape. It was a long and troublesome escrow but with a good solid team behind me, we prevailed and renovations are in the works. He’s keeping the home Historic; stay tuned for a before and after piece.
Then there was my favorite kind of client, the illustrious referral. As it turned out I was in Bora Bora for 80% of the transaction but that’s why the internet was created, right? She settled in a cute little single family house in a great part of Torrance, very close to the Hollywood Riviera. Congrats!
The transactions may blur over time but the sense of satisfaction in bringing happiness or relief to my clients is the take away for me.
I’ve got two listings that are hoping for new owners to make them their own:
- A townhome on the Golf Course in Manhattan Village. A stunning luminescent property that is unique in every way. The current owner used his talents with stone work to transform this home into an ethereal and elegant entertaining home.
- Sitting high and pretty on the Avenues in South Redondo is the custom built single family home with views of Palos Verdes from almost every room and the roof top deck. The guest cottage is ready to welcome the guests of the new owners.
That’s a snapshot of my first 8 months of 2013. A great deal of love for my profession, patience, negotiating, psychological counseling, marriage counseling, countless hours of paperwork and much more goes into each deal.