Pacific Ocean

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On a unexceptional coastal California day the Ocean causually flaunts its’ blue diamond brilliance. As the sun tires of it’s duties, the evening serves up a main course of heart stopping colors, blended and brilliant, beckoning locked gazes due West, hands outstretched and fingers pointing. But there is something to be said about a stormy, angry grey day.

Impervious and safe, piping hot tea shoots steam out of an army grade thermos. The furocious and seemingly furious Pacific Ocean orders white caps, and while beating each other for pride of placement the water blends into sky, skyline disappears into sea.

For all sensory appearances the roof will peel off at any moment, trees will take root inside the house, panes will shatter and the beast outside will mate with the calm contimplation inside.

It is a day for reflection, inner scrutiny with a dollop of forgiveness. It’s a day for feet up, afghan hugging shoulders like an old lover. It’s the type of day where a pronounced dichotomy presents itself – the desire to be one with the wind as it bolsters you up and tinges the ears and nose patchy red, or the lazy hankering for a hot toddy, tissues and a melancholy laced novel.

Slowly the corners pull up, the grey horizon lifts and lightens, the waves change direction. Blue creeps in between the cracks, the grey separates, ever so slowly, giving a peep show of a sultry sun dancing in naked light. The ocean gives a bored roar, and retreats to a calmer, peaceful disposition. Birds appear, testing the sanctity of flight.

Salt floats
Sand evolves
Seaweed slithersSunset

Let’s Talk 750 35th Street Manhattan Beach

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The State of New Inventory

IMG_8991

I have been enjoying the flow of new delicious properties coming to market. It makes my job a hell of a lot more amusing when there are quality homes of diversity to choose from.

This week I was especially enamored with 750 35th Street in Manhattan Beach. I felt the “wow” factor that real buyers in this price point would feel upon crossing the threshold. it screams, “I’m sexy and I know it”.

The design and flow of the home works for families, however the side yard won’t please parents unless the kids at home don’t require a yard. A small four legged pet would work, but not beasts the size of my two Bouviers.

The interior designer created a rich artists pallet full of visual nibbles for the eyes.The home has exquisite touches from unique wall (and ceiling) treatments, to creative and stunning lighting decor. The home is bright and airy. I hear you groaning from the over use of that phrase but it’s true and also highly demanded by discerning buyers. Light and air gives a sense of hopefulness. It’s a must have unless you prefer the “Harry Potter” effect similar to  a property listed at $5.5 in Hermosa Beach, also on Broker’s Open today….Don’t get me started on that property.

This Tree Section beauty may be perhaps a tad close to the refinery for some,  as seen from the front steps, but one must recognize the fact that all of the South Bay has relics of an “uglier” age….

Offered at $3,399,000 5 beds, 4 baths approx. 3714′ on a approx. 5406′ lot

Call me for a showing.

Millennial Home Buyers 2016

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It looks like millennials are finally jumping into the home ownership phase of their grownup lives. Reports from Realtor.com identified some hot spots where millennials accounted for a significant portion of new mortgages. Some of these cities are not the usual millennial haunts: Des Moines, Iowa; Provo, Utah and the cities of Baton Rouge Lafayette, New Orleans and Shreveport in Louisiana among many others.
It may be that value-oriented millennials were holding off on buying their own homes because they were waiting for affordable starter homes. One of the nation’s largest homebuilders, D.R. Horton, launched a new division called Express to focus on affordable entry-level homes. Since this sector is not a high-profit project, other builders have taken a wait-and-see strategy to see how D.R. Horton fares. Horton has delivered in spades with 14 percent of its 2015 revenue attributed to the Express Division, lifting its net sales figure to 26 percent for the year.
Taking a page from D.R. Horton’s strategy, Meritage Homes has begun developing entry-level-plus homes that are priced at $200,000, which is lower than the price of standard Meritage homes by about $50,000 to $100,000. These Houston homes are smaller and stripped of features such as mud rooms and intricate details to meet the price points. By using more practical materials such as pressboard counters, Colorado’s Terrain community by Tri Pointe Group Inc. has developed homes that are priced lower than traditional construction by as much as 30 percent.
Housing affordability will drive millennials to buy their starter homes in 2016. Rents are rising, making home ownership a more viable option especially when affordable housing units are available.wpid-20110910_140127.jpg

Top 10….

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When you are ready to buy a home, there are a few items you must consider. It is a significant and expensive milestone in your life. Here are 10 things you must know before making a purchase.
1. Find a Reliable Realtor, you must have a real estate agent who will protect your interests.
2. Read the Contract, each home purchase is unique. The contract should be negotiated.
3. Think About the Future, although you may be tempted to buy a home based on your current job and marital status, it is better to think long-term.
4. Relationship Status, owning a home comes with laws. During divorce, rules dictate how assets are split. When buying a home with a significant other, the rules are different. You should have a special agreement in place.
5. See the Whole Picture, if you are not ready to tackle big projects, it is best to find a home that is move-in ready. No matter how great the inside is designed, major repairs can be a nightmare.
6. Think Budget, it is never wise to extend your financial situation. Besides a mortgage, you will need to pay insurance and taxes.
7. Price is not Everything, even though a home price is low, it may involve homeowner association fees.
8. Student Loans Matter, today, student loans are treated like debt. No matter the deferment status, a borrower is charged 2 percent of the loan balance.
9. Forget Mortgage Interest Tax Deductions, it is not smart to depend on mortgage interest deductions. Your level of savings will change with time.
10. Buying is not Necessary, you should never buy a house until you are ready. If you require flexibility or do not have financial stability, it is best to wait.
Before you buy a home, it is crucial to consider the above points. It will help you make the best purchasing decision.HB sunset

South Bay’s Hottest Zip Codes

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Hermosa Beach | 90254

(Glenn Koenig / Los Angeles Times)

Median price per square foot: $967, +28.6%

Median price: $1,693,500, + 30.9%

Sales: 123, +7%

Strong demand, tight inventory, good schools and a view of the Pacific made Hermosa Beach a real estate standout in 2015. The small South Bay town also has something else going for it: It’s not Manhattan Beach.

Wealthy families priced out of increasingly ritzy Manhattan Beach — with its median price of $2.1 million — are looking to the next town over. But that’s pushing up values in a city that’s had more of a reputation as a younger party town, agents said.

Tech workers employed in Venice and Playa Vista are also buying in Hermosa, searching for schools with better reputations than those in the L.A. Unified School District, said Nick Peters, president of Engel & Volkers LA – South Bay

“A lot of people are moving here from Silicon Beach,” he said.Life's Great At The Beach

South Bay Year in Review

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Year in Review

From the Bluffs of Palos Verdes to the Waves of Manhattan Beach I’d like to start 2016 by thanking my clients of 2015!

As diverse a group of Clients as the properties that decorate our beautiful South Bay – First time buyers, loyal investors, sellers and relocated Executives kept me very busy and represent a micro view of the South Bay Real Estate market in 2015.

Setting a $ per square foot record for a “habitual” client who can’t stay away from the hill in Palos Verdes Estates, was an indicator that inventory on the Peninsula continues to have pent up demand, especially on highly coveted streets such as Chelsea Road.

Investors were active, specifically with off market properties and my favorite Doctor was grateful for the Ocean View Duplex in South Redondo Beach I brought him to add to his collection of South Bay properties; and no wonder, I also exceeded rental return expectations for all my investors, mirroring the market demand for rental property.

UCLA invited me to present to the newest demographic that garnered my attention: Physicians! Often saddled with student debt the attendees were surprised and thrilled to learn my lender team offers loan programs specifically geared towards Doctors, Dentists and Orthodontists. They enjoyed a catered meal and I was subsequently and quickly delighted to hand over keys to homes!

My First Time Buyers and I celebrated the joy of receiving keys to their Single Family’s and Townhomes, again reflecting the surge of first time buyers in local cities. Homes in Torrance were a hot commodity and the Days On Market were brief. I couldn’t list them fast enough to fulfill the demand of buyers.

Trust sales were also up as our aging population inevitably passes on; it takes a certain temperament to represent those who have suffered a loss and guide them through the process of selling their family’s homes with dignity and compassion.

Relocations gave me a broader geographic direction – Seattle. A seemingly healthy portion of our property owners are moving to points North. With my strong nation-wide and indeed Global RE/MAX affiliations I successfully guided my relocating clients towards dominate and trusted representation outside of my breadth.

At the same time my services were required to list property in peripheral areas such as Pasadena. Referrals are a commanding portion of my business locally and outside of our “Bubble”.

Trusted advisors are a treasured asset.

My Forecast for 2016 is a moderate “El Niño” flow of inventory after the annual “Super Bowl” marker of the beginning of the new year’s Real Estate market.

Advise to sellers: bring your properties to market before the competition. Buyers, variety is coming! Don’t settle out of fear of losing out. I’ll get you into a home that you love.

I will continue to Chair the Global Real Estate Committee at The South Bay Association of Realtors, bringing the knowledge to other realtors on representing buyers and sellers globally as I do.

On a final note, I urge you all to get involved with Volunteerism; the personal rewards are immeasurable. I continue my non real estate service to others, taking a nursing home bound senior to the movies, feeding and bringing the holidays to under privileged kids, animal rescue work, and my Rotary International involvement.

And as always, out of every commission earned, I give generously to Children Hospital.

May 2016 bring Peace and happiness to you and yours.

Testimonial of a Foreign Client

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我認識Alison己經有好幾年了. 我是因為要買房子所以朋友介紹Alison當我的經 紀人. 她耐心的帶了我看很多的房屋. 後來終於找㺫我理想的房屋. 在我買那一 棟房子之前我也接觸不少房屋買賣經紀人,但是在買房的過程中我知道 Alison 是 非常的專業. 她對整個房市的狀況十分的了解. 尤其是 Southbay 和 Palos Verdes 更是無話可言. 她的專業程度,辦事能力, 速度和信任度都是一流的也是我以前 沒有見過的.

我對Alison最欽佩的是她的服務態度. 不管是對她的客人或是對大衆的態度都是 一樣. 就是非常認真對待. 我知道她參加了很多公益活動也幫了無數跟她沒有生 意關係的人.
當然我如果有房地產的事情我一定找她. Alison 是我最信任的人選. 但是在房地產之外,Alison 也變成了我的好朋友, 她也幫了我不少房子買賣以外 的事情.

總而言之我覺得我很幸運的認識了 Alison 這一位好朋反. 如果您對 Alison 有什麼疑問請可以跟我連絡.
Patrick
楊高育

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