Monday, November 30, 2009
South Bay-Beach Cities: Who pays when homeowners walk away....
Yesterday there was a rather interesting article in the LA Times written by Brent T Wright, a law school professor at the University of Arizona. Professor Wright is advocating that homeowners should just walk away from their homes if they owe more then the current value of the home. He is not talking about people who have lost their jobs or had major financial problems. He is suggesting that consumers defaulting on a loan they can pay is not wrong but simply acting in your own self interest. Phooey!
Not only is the professor advocating that folks walk away, he also thinks they should buy big ticket items like a new car or even another home prior to defaulting. He finds this to be prudent money management. I think he is just one more jerk who thinks it's OK to stick it to the taxpayer. That's right folks it isn't the banks who pay the price when this happens... it is you and me... the taxpayer who ultimately takes the hit.
I'm guessing it has escaped the good professor's attention that banks rarely pay for their mistakes. Rather it is the consumer who gets hit every time someone defaults on loan. We are the ones ultimately paying the costs for TARP and to keep Fannie and Freddie solvent. It is the consumer who pays the price when banks lose money.
I know of a couple of homes in the Beach Cities where the former owners did as the professor has suggested. They borrowed as much as they could, bought new toys and new homes out of the area and then stopped making payments to the bank. The lenders " lost" hundred of thousands of dollars on these properties but most of the loss will be made up by the bank charging higher fees on everything from accessing an ATM machine to rates for new loans .. oh and paying very low interest rates for folks who are trying to put a little aside for a rainy day.
There are banks that go under, but they usually get picked up at bargain price by a new company and are often financed by the Federal government... otherwise known as you and me. So while I don't begrudge Professor Wright his opinion.... I would feel far more comfortable if he was picking up the tab with his own money rather then mine when he tells folks it is OK skip out on their obligations.
Saturday, November 28, 2009
South Bay-Beach Cities December 2009: Fun Christmas and Holiday events/ things to do....
Fun Christmas/ Holiday events in the South Bay Beach Cities....December 2009 Schedule by City
It's that special time of year..... we put lights on houses .... ornaments on trees..... and little kids know that magic is real. I love the Holiday Season..... Many homeowners in Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo do some fabulous light displays and Christmas/Holiday decorations. El Segundo has a whole neighborhood of homes that bring visitors from near and far to see the wonderful winter wonderland displays... even in 75° weather.
Santa seems to find a way to visit every home... on every street... in every neighborhood in Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo right up to Christmas Eve. We have Tree lighting and Pier lighting in our communities. Don't miss the El Segundo Holiday Parade... it's just so much fun.
Our little Beach towns have retained their unique Holiday traditions. If you want to know what's happening in the Beach Cities during the Holidays... just scroll down and you will find the major activities for Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo. It's a wonderful time of year... Oh and be sure to stop by the Gift Wrap in the Manhattan Mall... I'll be there .. so stop and say Hello..
Manhattan Beach:
November 30, 2009 -January 10, 2010 .... Donate a Warm Coat Are winter coats cluttering your closets? Here is a great way to clean your closets and help someone who needs a warm coat. Leave donations at one of these Manhattan Beach locations: Jan Davidson Skin Care, 806 Manhattan Beach Blvd., No. 209; Mind Body Manhattan, 815 Manhattan Ave.; Memphis at the Beach, 1142 Manhattan Ave.; Look! Optometry Center and Trilogy Spa, both in the Metlox development at 451 Manhattan Beach Blvd.; and Bella Beach Kids, 225 Manhattan Beach Blvd.
December 4,5,6, 2009 The Sandpipers will hold their annual Holiday Home Tour in Manhattan Beach and Hermosa Beach. The tour runs from 10:00 am to 5:00 pm. Tickets start at $25. For information call (310) 374-1748
Sunday December 6, 2009 : Family Crafts Night: Jocelyn Center... 1601 Valley Drive... 5:00-7:00pm
Friday December 11- Thursday December 24... 9:00 am - 9:00 pm.. The Neptunian Woman's Club will be Gift Wrapping at the Mall... proceeds go toward scholarships for Manhattan Beach students and the fees are tax deductible. Psssst..... We will wrap any gift ... not just ones bought at a Mall store.... See you at the Mall.....
Sunday December 13, 2009... Manhattan Beach Fireworks Show .... At the Pier...Entertainment starts at 3:00.. fireworks at 6:30 pm
Santa starts his rounds Monday November 30, 2009.. and he will be looking for good little girls and boys until December 17, 2009.. Santa starts his route every evening at 5:30 with the exception of December 14, 2009 when the float is parked in Manhattan Village from 6:00- 7:00 pm and finishes that evening at 9:00 pm. .
Nov. 30: Starts at 19th St and Ardmore Avenue, Pacific, Manhattan Beach Boulevard, and Valley Drive.
Dec. 1: Starts at Blanche Road and 24th Street, 45th St, Ocean Drive, Marine Avenue, Grandview Avenue and the western City limits..
Dec. 2: Starts at Bell and 36th St, Rosecrans Avenue, Pacific Avenue, Marine Avenue, Bell Avenue.
.
Dec. 3: Starts at 23rd St and Wendy Way, Marine Ave., Manhattan Beach Blvd, Redondo Avenue and Aviation Blvd,
.
Dec. 4: Starts at Manhattan Beach Blvd and Oak Street. Ardmore Avenue, Sepulveda Blvd.,Manhattan Beach Blvd., Pacific Avenue.
Dec. 7: Starts at Second Street and Peck Avenue. Second Street, Aviation Blvd, Artesia Blvd and Peck Avenue.
Dec. 8: Starts at Second Street and Rowell Avenue. Second Street, Meadows Avenue, Artesia Blvd. and Sepulveda.
Dec. 9: Starts at Dianthus and 11th Street. Manhattan Beach Blvd., Sepulveda Blvd., southern city limits and Ardmore Avenue.
Dec. 10: Starts at 6th and Meadows. Eighth Street, Aviation Blvd., Second Street, Sepulveda Blvd..
Dec. 11: Starts at 8th Street and Johnson Avenue. Manhattan Beach Blvd, Aviation Blvd, Eighth Street and Sepulveda Blvd.
Dec. 14: From 6 to 7 p.m., the Santa float will be parked at the main pool of Manhattan Village. Starts at 7 p.m. at 18th Street and Redondo Avenue. Marine Avenue, Redondo Avenue,Manhattan Beach Blvd., and Rowell Avenue.
Dec. 15: Starts at Meadows Avenue and Manhattan Beach Blvd. Marine Avenue, Rowell Avenue, Manhattan Beach Blvd. and Sepulveda Blvd..
Dec. 16: Starts at Pacific Avenue and Valley Drive. Rosecrans Avenue, Sepulveda Blvd. Ardmore Avenue and Pacific Avenue
Dec. 17: Starts at Ingleside Avenue and First Street. Marine Avenue, Grandview Avenue, 24th St, 25th St, Ardmore Avenue, southern and western city limits
Photos with Santa: Manhattan Beach Mall
Santa arrives Nov. 27 and stays until Dec. 24.
Mon to Sat: 11a.m. to 8 p.m
Sun: 12:00 to 6 p.m.,
The Web site above has a list of packages and prices.
Thursday evening... December 24, 2009... T'was the night before Christmas and all through the house.... You know the rest...
Hermosa Beach:
December 4,5,6, 2009 The Sandpipers will hold their annual Holiday Home Tour in Manhattan Beach and Hermosa Beach. The tour runs from 10:00 am to 5:00 pm tickets start at $25. For information call (310) 374-1748
Thursday December 3, 2009... The annual Tree Lighting will be at the Hermosa Beach Pier Plaza... the fun begins at 6:00 pm
Saturday December 12, 2009.....Sand Snowman Contest and pictures with Santa... 9:00 am-Noon.. North side of the Hermosa Beach Pier.. (310) 318-0280
In Hermosa Beach Santa will visit east Hermosa on Wednesday Dec. 16
6:00 to 6:20 p.m. - Power and 21 st streets.
6:25 to 6:45 p.m. - 25 th Street and Silverstrand Avenue.
6:50 to 7:10 p.m. - 30 th Street and Morningside Drive.
7:15 to 7:35 p.m. - 19 th Street and Prospect Avenue.
7:40 to 8:00 p.m. - 15 th and Golden streets.
8:05 to 8:25 p.m. - Bonnie Brae and 14 th streets.
Redondo Beach:
November 18-January 11, 2009...The Seaside Ice Rink is now open... click here for more information...
Tuesday December 1, 2009...The 28th annual Tree Lighting ... The Civic Center... 415 Diamond Avenue...5:00 pm
Thursday December 3, 2009 ... Riviera Village holiday Stroll...6:00-10:00 pm. Come and hear carolers, see fun street performers ... and meet Santa
Saturday December 12, 2009 ..... Holiday Craft Party Alta Vista Community Center
Call 310-318-0610, ext 3460 for more information.
Saturday December 12, 2009 ..... King Harbor Boat Parade...Free..
Along the harbor inner sea wall 5:30 PM
Wednesday December 16, 2009 ..... Holiday Skate Party at Seaside Ice Rink
5:30-7:30 call (310) 376-6911 for info

Santa Visits Redondo: Beginning Monday November 30, Thursday December 17, 2009 Santa will visit all the boys and girls in Redondo Beach. Click for Maps
North Redondo:
Monday November 30, 2009: Route 1: This is a two part route. Start Part 1 at Johnston
and Beland, Go N/B and cover area Between Johnston and Dow, then Gibson
and 159th, 160th to Beland and end Part 1 – go dark to the start of Part 2. Start
Part 2 at Warfield / Vail, continue westbound Warfield to Aviation Bl. End Part 2 &
entire route.
Tuesday 12-01-09: Route 2: Start at Vail and Timothy. May and Pinckard.
Then triangle area south of Beland to Robinson. Barkley, Gibson, Perkins,
Carlsbad…etc. South on Inglewood (dark) to Robinson, Robinson westbound to
Aviation. (see map). Note DARK streets on map
Wednesday 12-02-09: Route 3: Start at Plant and Vail, go W/B. to Green, then
right to Perry and E/B on Perry to Rindge. Left and go to Ernest, go W/B to
Aviation, then right and E/B on Farrell to Vail. Left turn and W/B on Bataan to
Aviation, then right and E/B on Dufour to Vail. End route at Vail / Warfield.
Thursday 12-03-09: Route 4: Begin at Curtis and Aviation, E/B to Perkins,
then left and W/B on Gates to Aviation. Right on Aviation to Graham, then E/B to
Perkins. End at Perkins / Robinson.
Friday 12-04-09: Route 5: Aviation and Mathews, E/B to Perkins, then left and
W/B on Nelson. Make a left at Aviation Wy, a right at Mathews to Aviation, then
right on Aviation to Ruhland. E/B on Ruhland to Perkins, then W/B on Voorhees
to Aviation.
Saturday 12-05-09: Route 6: Start at Ruxton and Rockefeller and go W/B to
Aviation Wy. Turn right and come E/B on Carnegie to Ruxton. Turn left and W/B
on Vanderbilt to Aviation Wy. ….
Sunday 12-06-09: Route 7: Start at Clark and Harkness, go E/B Clark to
Ripley. North on Felton then W/B on Harriman to Harkness, and E/B on
Huntington to Ripley.
Monday 12-07-09: Route 8: Start at Flagler and Armour, go W/B to Harkness,
RIGHT, then right to Spreckels and E/B to Ripley. Go left and come back W/B on
Havemeyer. Turn left on Flagler and go to Spreckels then right to Harkness, right again to Morgan and go E/B to Blossom. Then left to Speyer and come back W/B on Speyer to Harkness. Make a right and go to Pullman. Go E/B on Pullman to Ripley, then right on Ripley to MacKay. Turn right on MacKay and turn left onto Belmont W/B Belmont to Harkness.
Tuesday 12-08-09: Route 9: Start at Harper and Palm and go N/B. travel to
Artesia. Then back and forth on Steinhart, Goodman, Stanford, Ford, Reed,
Herrin, Carver, Wollacott and Axenty.
Wednesday 12-09-09: Route 10: Start at 190th and Pruitt, go to Armour and
travel E/B to Firmona. Make a left and come back W/B on Spreckels to Pruitt.
Right to Fisk and E/B to 190th, then right and another right on Firmona. Go N/B to Alvord and stop for a few minutes, then go to Ralston and W/B to Pruitt. Make a left at Pruitt and come back E/B on 2500-2600 Alvord. Go left at Inglewood Av.
Left again at Ralston, then right on Felton. At 185th St, turn left to Pruitt, then right to 184th, and E/B on 184th across Inglewood to Firmona. Go right to 185th and W/B on 185th back to Felton. Go N/B to 183rd, and E/B to Firmona, then W/B to Felton on 182nd Pl, and back E/B on 182nd St to Inglewood.
Thursday 12-10-09: Route 11: Start at 190th and Green, go N/B to Ripley,
then right and back S/B on Cluster. Make a left at 190th to Blossom, then N/B on
Blossom to Havemeyer, E/B on Havemeyer to Rindge. Go right to service road at
190th, and make a left. Go to Earle and do each of the Courts. Then E/B on
Ripley to Meyer. Right on Meyer. Left on 190th to Phelan, N/B on Phelan to Fisk,
then W/B to High, right and back E/B on Alvord. Go right to Lilienthal. Make a U turn at the park and come back N/B to Ralston. Go W/B on Ralston to Meyer,
then right and back E/B on Hill to Lilienthal. W/B on Ives, and E/B on Hadley.
Take Lilienthal, Ripley to Marshallfield W/B to Harkness.
Friday 12-11-09: Route 12: Start at Amethyst and Harkness, Turn left on 190th
and go west to Goodman, turn right, then W/B on Lomax to Prospect. Turn right
to Van Horne, then E/B Van Horne to Harkness. Make a left then W/B on Armour
to Reynolds. Continue to do 1600-1700 blks to Speyer, then do Harper to
Aviation, Steinhart back to Belmont, then N/B Goodman to Aviation. Come back
on Stanford to Belmont and N/B Ford to Aviation.
South Redondo:
Saturday 12-12-09: Route 13: Start at RBPD and go N/B on Broadway to
Catalina, back S/B on Elena to Carnelian. Make a left and take PCH, then make
a left on Beryl and do Francisca. North on Catalina. Then S/B on PCH to
Diamond. Turn left on Diamond and go to N. Gertruda. Go N/B on Gertruda to
Carnelian. Make a right, go to Guadalupe, then S/B to Diamond. Make a left, to
Irena, then N/B on Irena to Agate. Right turn to Juanita, then S/b on Juanita to
Del Amo. Turn left and go to Lucia. N/B on Lucia to 190, turn right and come
back S/B on Maria to Del Amo. Then N/B on Paulina to 190th. St.
Sunday 12-13-09: Route 14: Start at RBPD, go S/B on Broadway to Torrance
Bl, then E/B Torrance to S. Francisca. Go N/B to Vincent Park, then right, come
back S/B on Guadalupe, to Torrance, then left to Helberta and back N/B to
Vincent, then right to Irena, S/B to Torrance, then left and back N/B on Juanita to Vincent. Come back S/B on S. Lucia to Torrance.
Monday 12-14-09: Route 15: Start at Broadway and Torrance go S/B to Knob
Hill, then N/B on Elvira to Sapphire. Turn right and cross PCH on Sapphire to
Knob Hill, turn right and come back to Gertruda. Go N/B to Pearl, then left to
Francisca, left again to PCH. Then left onto Sapphire, this time go to Helberta
and go left to S. Irena, come back S/B on S. Irena. Left on Serpentine, then left
again on S. Juanita to Camino Real.
Tuesday 12-15-09: Route 16: Start at Pearl / Susanna. S/B Susanna, turn
corner to Faye & continue Faye N/B to Pearl. Go Dark, Prospect to Torrance,
left to Lucia, left. S/B Lucia to Rita, right on Rita W/B to Juanita, N/B Juanita to
Torrance. Dark on Torrance W/B to Irena. Irena S/B to Judy, right turn Judy
N/B to Pearl. Pearl W/B to Camino Real, N/B to Miramar. Miramar W/B to
Francisca, N/B to Sierra Vista E/B. End Sierra Vista/Camino Real. Note: advise
families on Opal & Pearl to meet Santa on Lucia, Juanita, or Irena!
Wednesday 12-16-09: Route 17: Start at Ave G / PV W/B to PCH, then E/B
on Ave F to PV. W/B on Ave E, make a right on Ave D to S/B Gertruda, then
back on Helberta to Ave D., S/B on S. Irena (Do Ave D as you are going back
and forth on Gertruda, Helberta and Irena). Take PV to Prospect and do the 1000
blk Ave D, then W/B on Ave C back, including 1000 block, then E/B on Ave
B(including 1000 block), then Ave A(1000 block) to PCH. Take Knob Hill to
Camino Real.
Thursday 12-17-09: Route 18: Start at S. Irena and PV Bl, go east to 1400
blk, then back to W/B on Helberta to PV, then E/B on S. Gertruda go to Messina
and Circle Drs. Then W/B on Ave E to Pv, and E/B on Ave F to Prospect. Then
W/B Ave G to PV. Then S/B on PV to Catalina. Turn and immediately take the
left to Camino de la Costa. Go W/B on Paseo de la Playa, come back E/B on
Vista del Mar, then N/B along the 1700 Blk of Camino de la Costa to Ave I. Make
a left and to go the Esplanade. Go DARK N/B Esplanade to Knob Hill.
Continue route E/B Knob Hill to PCH, S/B PCH to Avenue A, W/B to Esplande.
Continue Avenue A to Avenue H, alternating East & West on the Avenues
(always S/B PCH and S/B Esplanade). End Route at Avenue H and PCH.
Make up Days: Friday 12/18; Saturday 12/19; and Sunday 12/20
Photo with Santa:
The Galleria:
(310)371-7546
Nov. 30 to Dec. 4: 11 a.m. to 6 p.m.
Dec. 5: 10 a.m. to 9 p.m.
Dec. 6 to Dec. 11: 11 a.m. to 8 p.m.
Dec. 12: 10 a.m. to 9 p.m.
Dec. 13: 11 a.m. to 9 p.m.
Dec. 14 to Dec. 20: 10 a.m. to 9 p.m.
Dec. 21 to Dec. 23: 9 a.m. to 9 p.m.
Dec. 24: 8 a.m. to 6 p.m.
Thursday December 24, 2009 ... T'was the night before Christmas and all through the house.... You know the rest...
El Segundo:
Thursday December 10, 2009 ... The Annual Tree Lighting... and craft boutique at City Hall Plaza 300 Main Street 5:00 pm-8:00 pm
Thursday December 10, 2009....Santa and the Claus Family will be at the Library at 3:00pm
Saturday December 12, 2009 - December 23, 2009... Candy Cane Lane lights up:
1200 block of East Acacia Avenue in El Segundo ( off Imperial)
Sunday December 13, 2009.....10:00 am .. Holiday Parade.. Main Street.. from Imperial Highway to El Segundo Blvd.. (310) 322-1220
Santa's sleigh... Santa will be visiting starting at 5:15-9:00 pm
Dec. 14: West end of the city east to Loma Vista Street.
Dec. 15: Loma Vista Street east to Main Street.
Dec. 16: Main Street east to Sheldon Street.
Dec. 17: Sheldon Street east to Center Street.
Dec. 18: Center Street east to Sepulveda Street.
In case of rain, a make-up day is scheduled for Dec. 21 and Dec. 22.
If you have an event you would like to add... just e-mail me and I will add it to the list....
Dec. 15: Loma Vista Street east to Main Street.
Dec. 16: Main Street east to Sheldon Street.
Dec. 17: Sheldon Street east to Center Street.
Dec. 18: Center Street east to Sepulveda Street.
In case of rain, a make-up day is scheduled for Dec. 21 and Dec. 22.
Thursday December 24, 2009 ... T'was the night before Christmas and all through the house.... Merry Christmas to All.. and to All ... Good Night...
6:00 to 6:20 p.m. - Power and 21 st streets.
6:25 to 6:45 p.m. - 25 th Street and Silverstrand Avenue.
6:50 to 7:10 p.m. - 30 th Street and Morningside Drive.
7:15 to 7:35 p.m. - 19 th Street and Prospect Avenue.
7:40 to 8:00 p.m. - 15 th and Golden streets.
8:05 to 8:25 p.m. - Bonnie Brae and 14 th streets.
Thursday evening... December 24, 2009... T'was the night before Christmas and all through the house.... You know the rest...
Santa seems to find a way to visit every home... on every street... in every neighborhood in Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo right up to Christmas Eve. We have Tree lighting and Pier lighting in our communities. Don't miss the El Segundo Holiday Parade... it's just so much fun.
Our little Beach towns have retained their unique Holiday traditions. If you want to know what's happening in the Beach Cities during the Holidays... just scroll down and you will find the major activities for Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo. It's a wonderful time of year... Oh and be sure to stop by the Gift Wrap in the Manhattan Mall... I'll be there .. so stop and say Hello..
Manhattan Beach:
November 30, 2009 -January 10, 2010 .... Donate a Warm Coat Are winter coats cluttering your closets? Here is a great way to clean your closets and help someone who needs a warm coat. Leave donations at one of these Manhattan Beach locations: Jan Davidson Skin Care, 806 Manhattan Beach Blvd., No. 209; Mind Body Manhattan, 815 Manhattan Ave.; Memphis at the Beach, 1142 Manhattan Ave.; Look! Optometry Center and Trilogy Spa, both in the Metlox development at 451 Manhattan Beach Blvd.; and Bella Beach Kids, 225 Manhattan Beach Blvd.
December 4,5,6, 2009 The Sandpipers will hold their annual Holiday Home Tour in Manhattan Beach and Hermosa Beach. The tour runs from 10:00 am to 5:00 pm. Tickets start at $25. For information call (310) 374-1748
Sunday December 6, 2009 : Family Crafts Night: Jocelyn Center... 1601 Valley Drive... 5:00-7:00pm
Sunday December 13, 2009... Manhattan Beach Fireworks Show .... At the Pier...Entertainment starts at 3:00.. fireworks at 6:30 pm
Nov. 30: Starts at 19th St and Ardmore Avenue, Pacific, Manhattan Beach Boulevard, and Valley Drive.
Dec. 1: Starts at Blanche Road and 24th Street, 45th St, Ocean Drive, Marine Avenue, Grandview Avenue and the western City limits..
Dec. 2: Starts at Bell and 36th St, Rosecrans Avenue, Pacific Avenue, Marine Avenue, Bell Avenue.
.
Dec. 3: Starts at 23rd St and Wendy Way, Marine Ave., Manhattan Beach Blvd, Redondo Avenue and Aviation Blvd,
.
Dec. 4: Starts at Manhattan Beach Blvd and Oak Street. Ardmore Avenue, Sepulveda Blvd.,Manhattan Beach Blvd., Pacific Avenue.
Dec. 7: Starts at Second Street and Peck Avenue. Second Street, Aviation Blvd, Artesia Blvd and Peck Avenue.
Dec. 8: Starts at Second Street and Rowell Avenue. Second Street, Meadows Avenue, Artesia Blvd. and Sepulveda.
Dec. 9: Starts at Dianthus and 11th Street. Manhattan Beach Blvd., Sepulveda Blvd., southern city limits and Ardmore Avenue.
Dec. 10: Starts at 6th and Meadows. Eighth Street, Aviation Blvd., Second Street, Sepulveda Blvd..
Dec. 11: Starts at 8th Street and Johnson Avenue. Manhattan Beach Blvd, Aviation Blvd, Eighth Street and Sepulveda Blvd.
Dec. 14: From 6 to 7 p.m., the Santa float will be parked at the main pool of Manhattan Village. Starts at 7 p.m. at 18th Street and Redondo Avenue. Marine Avenue, Redondo Avenue,Manhattan Beach Blvd., and Rowell Avenue.
Dec. 15: Starts at Meadows Avenue and Manhattan Beach Blvd. Marine Avenue, Rowell Avenue, Manhattan Beach Blvd. and Sepulveda Blvd..
Dec. 16: Starts at Pacific Avenue and Valley Drive. Rosecrans Avenue, Sepulveda Blvd. Ardmore Avenue and Pacific Avenue
Dec. 17: Starts at Ingleside Avenue and First Street. Marine Avenue, Grandview Avenue, 24th St, 25th St, Ardmore Avenue, southern and western city limits
Photos with Santa: Manhattan Beach Mall
Santa arrives Nov. 27 and stays until Dec. 24.
Mon to Sat: 11a.m. to 8 p.m
Sun: 12:00 to 6 p.m.,
The Web site above has a list of packages and prices.
Thursday evening... December 24, 2009... T'was the night before Christmas and all through the house.... You know the rest...
Hermosa Beach:
December 4,5,6, 2009 The Sandpipers will hold their annual Holiday Home Tour in Manhattan Beach and Hermosa Beach. The tour runs from 10:00 am to 5:00 pm tickets start at $25. For information call (310) 374-1748
Thursday December 3, 2009... The annual Tree Lighting will be at the Hermosa Beach Pier Plaza... the fun begins at 6:00 pm
Saturday December 12, 2009.....Sand Snowman Contest and pictures with Santa... 9:00 am-Noon.. North side of the Hermosa Beach Pier.. (310) 318-0280
6:00 to 6:20 p.m. - Power and 21 st streets.
6:25 to 6:45 p.m. - 25 th Street and Silverstrand Avenue.
6:50 to 7:10 p.m. - 30 th Street and Morningside Drive.
7:15 to 7:35 p.m. - 19 th Street and Prospect Avenue.
7:40 to 8:00 p.m. - 15 th and Golden streets.
8:05 to 8:25 p.m. - Bonnie Brae and 14 th streets.
Redondo Beach:
November 18-January 11, 2009...The Seaside Ice Rink is now open... click here for more information...
Tuesday December 1, 2009...The 28th annual Tree Lighting ... The Civic Center... 415 Diamond Avenue...5:00 pm Thursday December 3, 2009 ... Riviera Village holiday Stroll...6:00-10:00 pm. Come and hear carolers, see fun street performers ... and meet Santa
Saturday December 12, 2009 ..... Holiday Craft Party Alta Vista Community Center
Call 310-318-0610, ext 3460 for more information.
Saturday December 12, 2009 ..... King Harbor Boat Parade...Free..
Along the harbor inner sea wall 5:30 PM
Wednesday December 16, 2009 ..... Holiday Skate Party at Seaside Ice Rink
5:30-7:30 call (310) 376-6911 for info
Santa Visits Redondo: Beginning Monday November 30, Thursday December 17, 2009 Santa will visit all the boys and girls in Redondo Beach. Click for Maps
North Redondo:
Monday November 30, 2009: Route 1: This is a two part route. Start Part 1 at Johnston
and Beland, Go N/B and cover area Between Johnston and Dow, then Gibson
and 159th, 160th to Beland and end Part 1 – go dark to the start of Part 2. Start
Part 2 at Warfield / Vail, continue westbound Warfield to Aviation Bl. End Part 2 &
entire route.
Tuesday 12-01-09: Route 2: Start at Vail and Timothy. May and Pinckard.
Then triangle area south of Beland to Robinson. Barkley, Gibson, Perkins,
Carlsbad…etc. South on Inglewood (dark) to Robinson, Robinson westbound to
Aviation. (see map). Note DARK streets on map
Wednesday 12-02-09: Route 3: Start at Plant and Vail, go W/B. to Green, then
right to Perry and E/B on Perry to Rindge. Left and go to Ernest, go W/B to
Aviation, then right and E/B on Farrell to Vail. Left turn and W/B on Bataan to
Aviation, then right and E/B on Dufour to Vail. End route at Vail / Warfield.
Thursday 12-03-09: Route 4: Begin at Curtis and Aviation, E/B to Perkins,
then left and W/B on Gates to Aviation. Right on Aviation to Graham, then E/B to
Perkins. End at Perkins / Robinson.
Friday 12-04-09: Route 5: Aviation and Mathews, E/B to Perkins, then left and
W/B on Nelson. Make a left at Aviation Wy, a right at Mathews to Aviation, then
right on Aviation to Ruhland. E/B on Ruhland to Perkins, then W/B on Voorhees
to Aviation.
Saturday 12-05-09: Route 6: Start at Ruxton and Rockefeller and go W/B to
Aviation Wy. Turn right and come E/B on Carnegie to Ruxton. Turn left and W/B
on Vanderbilt to Aviation Wy. ….
Sunday 12-06-09: Route 7: Start at Clark and Harkness, go E/B Clark to
Ripley. North on Felton then W/B on Harriman to Harkness, and E/B on
Huntington to Ripley.
Monday 12-07-09: Route 8: Start at Flagler and Armour, go W/B to Harkness,
RIGHT, then right to Spreckels and E/B to Ripley. Go left and come back W/B on
Havemeyer. Turn left on Flagler and go to Spreckels then right to Harkness, right again to Morgan and go E/B to Blossom. Then left to Speyer and come back W/B on Speyer to Harkness. Make a right and go to Pullman. Go E/B on Pullman to Ripley, then right on Ripley to MacKay. Turn right on MacKay and turn left onto Belmont W/B Belmont to Harkness.
Tuesday 12-08-09: Route 9: Start at Harper and Palm and go N/B. travel to
Artesia. Then back and forth on Steinhart, Goodman, Stanford, Ford, Reed,
Herrin, Carver, Wollacott and Axenty.
Wednesday 12-09-09: Route 10: Start at 190th and Pruitt, go to Armour and
travel E/B to Firmona. Make a left and come back W/B on Spreckels to Pruitt.
Right to Fisk and E/B to 190th, then right and another right on Firmona. Go N/B to Alvord and stop for a few minutes, then go to Ralston and W/B to Pruitt. Make a left at Pruitt and come back E/B on 2500-2600 Alvord. Go left at Inglewood Av.
Left again at Ralston, then right on Felton. At 185th St, turn left to Pruitt, then right to 184th, and E/B on 184th across Inglewood to Firmona. Go right to 185th and W/B on 185th back to Felton. Go N/B to 183rd, and E/B to Firmona, then W/B to Felton on 182nd Pl, and back E/B on 182nd St to Inglewood.
Thursday 12-10-09: Route 11: Start at 190th and Green, go N/B to Ripley,
then right and back S/B on Cluster. Make a left at 190th to Blossom, then N/B on
Blossom to Havemeyer, E/B on Havemeyer to Rindge. Go right to service road at
190th, and make a left. Go to Earle and do each of the Courts. Then E/B on
Ripley to Meyer. Right on Meyer. Left on 190th to Phelan, N/B on Phelan to Fisk,
then W/B to High, right and back E/B on Alvord. Go right to Lilienthal. Make a U turn at the park and come back N/B to Ralston. Go W/B on Ralston to Meyer,
then right and back E/B on Hill to Lilienthal. W/B on Ives, and E/B on Hadley.
Take Lilienthal, Ripley to Marshallfield W/B to Harkness.
Friday 12-11-09: Route 12: Start at Amethyst and Harkness, Turn left on 190th
and go west to Goodman, turn right, then W/B on Lomax to Prospect. Turn right
to Van Horne, then E/B Van Horne to Harkness. Make a left then W/B on Armour
to Reynolds. Continue to do 1600-1700 blks to Speyer, then do Harper to
Aviation, Steinhart back to Belmont, then N/B Goodman to Aviation. Come back
on Stanford to Belmont and N/B Ford to Aviation.
South Redondo:
Saturday 12-12-09: Route 13: Start at RBPD and go N/B on Broadway to
Catalina, back S/B on Elena to Carnelian. Make a left and take PCH, then make
a left on Beryl and do Francisca. North on Catalina. Then S/B on PCH to
Diamond. Turn left on Diamond and go to N. Gertruda. Go N/B on Gertruda to
Carnelian. Make a right, go to Guadalupe, then S/B to Diamond. Make a left, to
Irena, then N/B on Irena to Agate. Right turn to Juanita, then S/b on Juanita to
Del Amo. Turn left and go to Lucia. N/B on Lucia to 190, turn right and come
back S/B on Maria to Del Amo. Then N/B on Paulina to 190th. St.
Sunday 12-13-09: Route 14: Start at RBPD, go S/B on Broadway to Torrance
Bl, then E/B Torrance to S. Francisca. Go N/B to Vincent Park, then right, come
back S/B on Guadalupe, to Torrance, then left to Helberta and back N/B to
Vincent, then right to Irena, S/B to Torrance, then left and back N/B on Juanita to Vincent. Come back S/B on S. Lucia to Torrance.
Monday 12-14-09: Route 15: Start at Broadway and Torrance go S/B to Knob
Hill, then N/B on Elvira to Sapphire. Turn right and cross PCH on Sapphire to
Knob Hill, turn right and come back to Gertruda. Go N/B to Pearl, then left to
Francisca, left again to PCH. Then left onto Sapphire, this time go to Helberta
and go left to S. Irena, come back S/B on S. Irena. Left on Serpentine, then left
again on S. Juanita to Camino Real.
Tuesday 12-15-09: Route 16: Start at Pearl / Susanna. S/B Susanna, turn
corner to Faye & continue Faye N/B to Pearl. Go Dark, Prospect to Torrance,
left to Lucia, left. S/B Lucia to Rita, right on Rita W/B to Juanita, N/B Juanita to
Torrance. Dark on Torrance W/B to Irena. Irena S/B to Judy, right turn Judy
N/B to Pearl. Pearl W/B to Camino Real, N/B to Miramar. Miramar W/B to
Francisca, N/B to Sierra Vista E/B. End Sierra Vista/Camino Real. Note: advise
families on Opal & Pearl to meet Santa on Lucia, Juanita, or Irena!
Wednesday 12-16-09: Route 17: Start at Ave G / PV W/B to PCH, then E/B
on Ave F to PV. W/B on Ave E, make a right on Ave D to S/B Gertruda, then
back on Helberta to Ave D., S/B on S. Irena (Do Ave D as you are going back
and forth on Gertruda, Helberta and Irena). Take PV to Prospect and do the 1000
blk Ave D, then W/B on Ave C back, including 1000 block, then E/B on Ave
B(including 1000 block), then Ave A(1000 block) to PCH. Take Knob Hill to
Camino Real.
Thursday 12-17-09: Route 18: Start at S. Irena and PV Bl, go east to 1400
blk, then back to W/B on Helberta to PV, then E/B on S. Gertruda go to Messina
and Circle Drs. Then W/B on Ave E to Pv, and E/B on Ave F to Prospect. Then
W/B Ave G to PV. Then S/B on PV to Catalina. Turn and immediately take the
left to Camino de la Costa. Go W/B on Paseo de la Playa, come back E/B on
Vista del Mar, then N/B along the 1700 Blk of Camino de la Costa to Ave I. Make
a left and to go the Esplanade. Go DARK N/B Esplanade to Knob Hill.
Continue route E/B Knob Hill to PCH, S/B PCH to Avenue A, W/B to Esplande.
Continue Avenue A to Avenue H, alternating East & West on the Avenues
(always S/B PCH and S/B Esplanade). End Route at Avenue H and PCH.
Make up Days: Friday 12/18; Saturday 12/19; and Sunday 12/20
Photo with Santa:
The Galleria:
(310)371-7546
Nov. 30 to Dec. 4: 11 a.m. to 6 p.m.
Dec. 5: 10 a.m. to 9 p.m.
Dec. 6 to Dec. 11: 11 a.m. to 8 p.m.
Dec. 12: 10 a.m. to 9 p.m.
Dec. 13: 11 a.m. to 9 p.m.
Dec. 14 to Dec. 20: 10 a.m. to 9 p.m.
Dec. 21 to Dec. 23: 9 a.m. to 9 p.m.
Dec. 24: 8 a.m. to 6 p.m.
Thursday December 24, 2009 ... T'was the night before Christmas and all through the house.... You know the rest...
El Segundo:
Thursday December 10, 2009 ... The Annual Tree Lighting... and craft boutique at City Hall Plaza 300 Main Street 5:00 pm-8:00 pmThursday December 10, 2009....Santa and the Claus Family will be at the Library at 3:00pm
Saturday December 12, 2009 - December 23, 2009... Candy Cane Lane lights up:
1200 block of East Acacia Avenue in El Segundo ( off Imperial)
Sunday December 13, 2009.....10:00 am .. Holiday Parade.. Main Street.. from Imperial Highway to El Segundo Blvd.. (310) 322-1220
Dec. 14: West end of the city east to Loma Vista Street.
Dec. 15: Loma Vista Street east to Main Street.
Dec. 16: Main Street east to Sheldon Street.
Dec. 17: Sheldon Street east to Center Street.
Dec. 18: Center Street east to Sepulveda Street.
In case of rain, a make-up day is scheduled for Dec. 21 and Dec. 22.
If you have an event you would like to add... just e-mail me and I will add it to the list....
Dec. 15: Loma Vista Street east to Main Street.
Dec. 16: Main Street east to Sheldon Street.
Dec. 17: Sheldon Street east to Center Street.
Dec. 18: Center Street east to Sepulveda Street.
In case of rain, a make-up day is scheduled for Dec. 21 and Dec. 22.
Thursday December 24, 2009 ... T'was the night before Christmas and all through the house.... Merry Christmas to All.. and to All ... Good Night...
6:00 to 6:20 p.m. - Power and 21 st streets.
6:25 to 6:45 p.m. - 25 th Street and Silverstrand Avenue.
6:50 to 7:10 p.m. - 30 th Street and Morningside Drive.
7:15 to 7:35 p.m. - 19 th Street and Prospect Avenue.
7:40 to 8:00 p.m. - 15 th and Golden streets.
8:05 to 8:25 p.m. - Bonnie Brae and 14 th streets.
Thursday evening... December 24, 2009... T'was the night before Christmas and all through the house.... You know the rest...
Wednesday, November 25, 2009
Happy Thanksgiving!
Happy Thanksgiving...
We are constantly bombarded with bad economic news, terrorist plots and other events that seem to jump at us on a daily basis. Thanksgiving is a time to take a break and think about all the good things we have in our lives. These are some of the things I am thankful for in my life.....
We are constantly bombarded with bad economic news, terrorist plots and other events that seem to jump at us on a daily basis. Thanksgiving is a time to take a break and think about all the good things we have in our lives. These are some of the things I am thankful for in my life.....
South Bay-Beach Cities Sellers: Price...Market Value... Motivation... the keys to selling your home.
I don't think he was pleased by my answer.... selling your home at market value is not giving the house away... it is selling it for what it is worth in the current market.
All too often sellers have a preconceived notion of what their home is worth. It isn't that they don't understand that prices have dropped or that they won't get the price they would have received a few years ago. The problem is that a number of homeowners are totally surprised by the difference between what they want and the price they can actually get for their home in today's market. Many have a tough time accepting the fact that their home is not going to appraise for the number they had in mind and in this market most buyers will not pay more then the appraised value.
There was an interesting article on HousingWire.com a few weeks ago noting that homeowners, on average, reduce listing prices 10% or more during the listing period. This means that most sellers have their home on the market far longer then they would have if they had priced it at market when they listed the property. In some cases by listing the home too high they are going to lose more money then if they had priced it right at the start because they just keep chasing the market down.
Many sellers still think that they can "test" the market by listing high. These are usually folks who don't need to sell but would like to sell "if they get their price". These are not motivated sellers. Motivated sellers have a specific reason to sell. They need a larger home, or a smaller one. They may be thinking of relocating to be near family or for a new job. They may be living in a three story home and find they need a single story. They may have to sell for financial reasons. Motivated sellers are more realistic about the value of their home. They understand that they can only get what the home is worth which may be different from the price they want.
If you are thinking about selling your home then you need to be realistic about what your home is worth in the current market. You can ask any price you want but your home will only sell for market value. You also should consider how motivated you are and if you don't need to sell then this is probably not the best time to test the waters so to speak. Price, market value and your motivation to sell will determine how long your home is on the market and the price you ultimately receive.
Saturday, November 14, 2009
South Bay-Beach Cities: Homes, townhomes and condos sold by month in 2008
This is a list of all the posts by month of home, townhome and condos sales in the South Bay- Beach Cities of Manhattan Beach, Hernosa Beach, Redondo Beach and El Segundo for 2008.
South Bay-Beach Cities: Sold December 2008
South Bay-Beach Cities: Sold November 2008
South Bay-Beach Cities: Sold October 2008
South Bay-Beach Cities: Sold September 2008
South Bay-Beach Cities: Sold August 2008
South Bay-Beach Cities: Sold July 2008
South Bay-Beach Cities: Sold June 2008
South Bay-Beach Cities: Sold May 2008
South Bay-Beach Cities: Sold April 2008
South Bay-Beach Cities: SOLD March 2008
South Bay-Beach Cities: Sold February 2008
South Bay-Beach Cities: Sold January 2008
South Bay-Beach Cities: Sold December 2008
South Bay-Beach Cities: Sold November 2008
South Bay-Beach Cities: Sold October 2008
South Bay-Beach Cities: Sold September 2008
South Bay-Beach Cities: Sold August 2008
South Bay-Beach Cities: Sold July 2008
South Bay-Beach Cities: Sold June 2008
South Bay-Beach Cities: Sold May 2008
South Bay-Beach Cities: Sold April 2008
South Bay-Beach Cities: SOLD March 2008
South Bay-Beach Cities: Sold February 2008
South Bay-Beach Cities: Sold January 2008
South Bay-Beach Cities: Homes, townhomes and condos sold by month in 2007
This is a list of all the posts by month of home, townhome and condos sales in the South Bay- Beach Cities of Manhattan Beach, Hernosa Beach, Redondo Beach and El Segundo for 2007.
South Bay-Beach Cities: Sold November 2007
South Bay-Beach Cities: October SOLD 2007
South Bay-Beach Cities: September SOLD 2007
South Bay-Beach Cities: August SOLD 2007
South Bay- Beach Cities: July Sold 2007
South Bay-Beach Cities: Sold June 2007
South Bay-Beach Cities: Sold May 2007
South Bay-Beach Cities: Sold April 2007
South Bay-Beach Cities: Sold March 2007
South Bay-Beach Cities: Sold February 2007
South Bay-Beach Cities: Sold January 2007
South Bay-Beach Cities: Sold November 2007
South Bay-Beach Cities: October SOLD 2007
South Bay-Beach Cities: September SOLD 2007
South Bay-Beach Cities: August SOLD 2007
South Bay- Beach Cities: July Sold 2007
South Bay-Beach Cities: Sold June 2007
South Bay-Beach Cities: Sold May 2007
South Bay-Beach Cities: Sold April 2007
South Bay-Beach Cities: Sold March 2007
South Bay-Beach Cities: Sold February 2007
South Bay-Beach Cities: Sold January 2007
South Bay-Beach Cities; Sold October 2009
Home sales in South Bay-Beach Cities for October 2007, 2008, 2009
If you are a bit confused about what's happening in the South Bay-Beach Cities' real estate market ... join the club. On the one hand it seems that foreclosure filings in October 2009 in California are up 22% from September 2009 and are running 20% higher then in October 2008. On the other hand our South Bay-Beach Cities real estate market has still not seen a huge number of REO properties. The number of short sales seems to be on the rise but still not nearly as high as in other markets. There was a good article in the Daily Breeze yesterday about the role of government intervention in the housing market. It underlies a lot of the issues that affect our local real estate market.
The housing inventory in the South Bay-Beach Cities is significantly lower then we have seen in a long time. Pending home sales are up in all the Beach Cities and the closed sales volume continues to hold up better then expected. But don't be mislead.... this is still a tough market and the end isn't yet in sight.
Well priced entry level homes in all the Beach Cities are selling in days often with multiple offers. A moderately priced REO in east Manhattan just sold with an all cash offer, after less then 3 days on the market, at a price well over the listed price. Meanwhile homes that are priced above market continue to sit with little or no interest until they are either taken off the market or the price is reduced enough to generate renewed interest. This seems to be true across the board in all price ranges and in all cities.
Many of the homes that enter escrow wind up back on the market because of appraisal problems. Others don't close because of issues that crop up at the last minute during the final underwriting of the loan. This is especially true if you are obtaining a jumbo loan. The same lender who told you 30 days ago that you had amazing FICO scores and plenty of money will now look at you as if you are skimming for fun and profit with Bernie Madoff. Sometimes it seems that no matter what banks say in their ads they really don't want to make loans.... Do they really need you to find a copy of your first paycheck stub from 1979 in 24 hours as the final condition for obtaining a loan?
South Bay-Beach Cities: Sold October 2009
South Bay-Beach Cities: Sold September 2009
South Bay-Beach Cities: Sold August 2009
South Bay-Beach Cities: Sold July 2009
South Bay-Beach Cities: Sold May 2009
South Bay-Beach Cities: Sold April 2009
South Bay-Beach Cities: Sold March 2009
South Bay-Beach Cities: Sold February 2009
South Bay-Beach Cities: Sold January 2009
South Bay-Beach Cities: Sold December 2008
South Bay-Beach Cities: Sold November 2008
South Bay-Beach Cities: Sold October 2008
South Bay-Beach Cities: Sold September 2008
South Bay-Beach Cities: Sold August 2008
South Bay-Beach Cities: Sold July 2008
South Bay-Beach Cities: Sold June 2008
South Bay-Beach Cities: Sold May 2008
South Bay-Beach Cities: Sold April 2008
South Bay-Beach Cities: SOLD March 2008
South Bay-Beach Cities: Sold February 2008
South Bay-Beach Cities: Sold January 2008
South Bay-Beach Cities: Sold November 2007
South Bay-Beach Cities: October SOLD 2007
South Bay-Beach Cities: September SOLD 2007
South Bay-Beach Cities: August SOLD 2007
South Bay- Beach Cities: July Sold 2007
South Bay-Beach Cities: Sold June 2007
South Bay-Beach Cities: Sold May 2007
South Bay-Beach Cities: Sold April 2007
South Bay-Beach Cities: Sold March 2007
South Bay-Beach Cities: Sold February 2007
South Bay-Beach Cities: Sold January 2007
If you are a bit confused about what's happening in the South Bay-Beach Cities' real estate market ... join the club. On the one hand it seems that foreclosure filings in October 2009 in California are up 22% from September 2009 and are running 20% higher then in October 2008. On the other hand our South Bay-Beach Cities real estate market has still not seen a huge number of REO properties. The number of short sales seems to be on the rise but still not nearly as high as in other markets. There was a good article in the Daily Breeze yesterday about the role of government intervention in the housing market. It underlies a lot of the issues that affect our local real estate market.
The housing inventory in the South Bay-Beach Cities is significantly lower then we have seen in a long time. Pending home sales are up in all the Beach Cities and the closed sales volume continues to hold up better then expected. But don't be mislead.... this is still a tough market and the end isn't yet in sight.
Well priced entry level homes in all the Beach Cities are selling in days often with multiple offers. A moderately priced REO in east Manhattan just sold with an all cash offer, after less then 3 days on the market, at a price well over the listed price. Meanwhile homes that are priced above market continue to sit with little or no interest until they are either taken off the market or the price is reduced enough to generate renewed interest. This seems to be true across the board in all price ranges and in all cities.
Many of the homes that enter escrow wind up back on the market because of appraisal problems. Others don't close because of issues that crop up at the last minute during the final underwriting of the loan. This is especially true if you are obtaining a jumbo loan. The same lender who told you 30 days ago that you had amazing FICO scores and plenty of money will now look at you as if you are skimming for fun and profit with Bernie Madoff. Sometimes it seems that no matter what banks say in their ads they really don't want to make loans.... Do they really need you to find a copy of your first paycheck stub from 1979 in 24 hours as the final condition for obtaining a loan?
South Bay-Beach Cities: Sold October 2009
South Bay-Beach Cities: Sold September 2009
South Bay-Beach Cities: Sold August 2009
South Bay-Beach Cities: Sold July 2009
South Bay-Beach Cities: Sold May 2009
South Bay-Beach Cities: Sold April 2009
South Bay-Beach Cities: Sold March 2009
South Bay-Beach Cities: Sold February 2009
South Bay-Beach Cities: Sold January 2009
South Bay-Beach Cities: Sold December 2008
South Bay-Beach Cities: Sold November 2008
South Bay-Beach Cities: Sold October 2008
South Bay-Beach Cities: Sold September 2008
South Bay-Beach Cities: Sold August 2008
South Bay-Beach Cities: Sold July 2008
South Bay-Beach Cities: Sold June 2008
South Bay-Beach Cities: Sold May 2008
South Bay-Beach Cities: Sold April 2008
South Bay-Beach Cities: SOLD March 2008
South Bay-Beach Cities: Sold February 2008
South Bay-Beach Cities: Sold January 2008
South Bay-Beach Cities: Sold November 2007
South Bay-Beach Cities: October SOLD 2007
South Bay-Beach Cities: September SOLD 2007
South Bay-Beach Cities: August SOLD 2007
South Bay- Beach Cities: July Sold 2007
South Bay-Beach Cities: Sold June 2007
South Bay-Beach Cities: Sold May 2007
South Bay-Beach Cities: Sold April 2007
South Bay-Beach Cities: Sold March 2007
South Bay-Beach Cities: Sold February 2007
South Bay-Beach Cities: Sold January 2007
Thursday, November 05, 2009
South Bay-Beach Cities:Home Buyer Tax Credit Extended
There is good news and bad news for South Bay-Beach Cities home buyers.....
Looks as if the Home Buyer Tax Credit extension is almost official as the House, on a vote of 403 to 12, passed the extension of the home buyer tax credit. The only thing it needs to be law is President Obama's signature. The new version of the tax credit has been expanded and extended.
The tax credit bill will be extended through April 30, 2010, with a 60-day extension if a contract is in place prior to the deadline. so technically you have to be in escrow no later then April 30, 2010 to take advantage of the credit. First-time home buyers are eligible for a tax credit of up to $8,000. An addition to the law allows existing homeowners who purchase a new primary residence ( not a second or vacation home)will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years.
The good news for our South Bay-Beach Cities real estate market is that income requirements have been expanded to $150,000 for single buyers and $225,000 for joint filers. The bad news is that the qualifying purchase price of the home is capped at $800,000.
Additional provisions in the bill allow taxpayers to claim the credit on purchases completed in 2010 on their 2009 income tax returns. In order to keep investors from using the credit the legislation states that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase. However if they sell in less then 36 months the credit must be repaid to the government. This requirement is waived for active duty military personnel who move due to a military order.
Manhattan Beach and Hermosa Beach will probably not see a lot of buyers use the provision because of the cap on the price of a home. However other South Bay Cities may well see an increase in sales from folks who have been undecided about whether to purchase a home now or wait until later next year.
I don't know if the new version of the law is retroactive for people who didn't qualify under the old income requirements but would qualify under the amended law. It might be a good idea if you purchased a home under $800,000 in the last 4 months and meet the new income requirements to check with you tax adviser.
Looks as if the Home Buyer Tax Credit extension is almost official as the House, on a vote of 403 to 12, passed the extension of the home buyer tax credit. The only thing it needs to be law is President Obama's signature. The new version of the tax credit has been expanded and extended.
The tax credit bill will be extended through April 30, 2010, with a 60-day extension if a contract is in place prior to the deadline. so technically you have to be in escrow no later then April 30, 2010 to take advantage of the credit. First-time home buyers are eligible for a tax credit of up to $8,000. An addition to the law allows existing homeowners who purchase a new primary residence ( not a second or vacation home)will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years.
The good news for our South Bay-Beach Cities real estate market is that income requirements have been expanded to $150,000 for single buyers and $225,000 for joint filers. The bad news is that the qualifying purchase price of the home is capped at $800,000.
Additional provisions in the bill allow taxpayers to claim the credit on purchases completed in 2010 on their 2009 income tax returns. In order to keep investors from using the credit the legislation states that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase. However if they sell in less then 36 months the credit must be repaid to the government. This requirement is waived for active duty military personnel who move due to a military order.
Manhattan Beach and Hermosa Beach will probably not see a lot of buyers use the provision because of the cap on the price of a home. However other South Bay Cities may well see an increase in sales from folks who have been undecided about whether to purchase a home now or wait until later next year.
I don't know if the new version of the law is retroactive for people who didn't qualify under the old income requirements but would qualify under the amended law. It might be a good idea if you purchased a home under $800,000 in the last 4 months and meet the new income requirements to check with you tax adviser.
Wednesday, November 04, 2009
Manhattan Beach: Market Snapshot November 3, 2009
So what's happening in our local Manhattan Beach real estate market... Inventory remains lower then we have seen since 2007 as some homes are taken off the market and others are selling. The sales volume continues to be fairly stable. Prices remain down even as the median appears to be moving higher which is due to more higher priced homes finally finding buyers. Most Sellers who continue to market their homes are ready to make a deal. Buyers are looking for the best deal they can negotiate, but are willing to pay a higher price if they deem the home is a good value.
Agents are scrambling to find properties for clients in the entry levels. I've been getting calls from agents and principals about 511 N Dianthus. The sellers decided to rent the home out last March but are willing to consider selling. Of course anyone who might buy the property would be doing so subject to the existing lease. I know Dianthus isn't the only off market home that is attracting new attention.
Manhattan Beach: Market Snapshot November 3, 2009
Manhattan Beach: Price Ranges November 3, 2009
Manhattan Beach: Market Snapshot September 25, 2009
Manhattan Beach: Market Snapshot August 28, 2009
Manhattan Beach: Market Snapshot July 23, 2009
Manhattan Beach: Market Snapshot March 14, 2009
Manhattan Beach: Market Snapshot February 10, 2009
Manhattan Beach: Market Snapshot January 19, 2009
Manhattan Beach: Market Snapshot December 4, 2008
Manhattan Beach: Market Snapshot July 7, 2008
Manhattan Beach:Market Snapshot April 14, 2008
Manhattan Beach: Market Snapshot February 26, 2008
Manhattan Beach, CA: Market Snapshot February 11, 2008
Manhattan Beach: Market Snapshot November 8, 2007
Manhattan Beach: Market Snapshot October 12, 2007
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