Luxury Real Estate Happens Here

After delving into this year’s real estate statistics with earnest, one trend stands out – a lack of inventory. If you look at the aggregate “Months of Inventory” for the cities of Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills & Rolling Hills Estates – inventory is down to 3.16 months in August, (the lowest in 4 years.) Manhattan Beach has also reached a four year low of 2.11 ”Months of Inventory” this past August.

South Bay Digs is proud to be one of the premier sponsors for this year’s Hermosa Beach Summer Concert Series. This year’s lineup is one not to miss – featuring headliners such as Nikka Costa July 29th, Poncho Sanchez August 5th, The Spazmatics August 12th and The Aggrolites on August 19th. Don’t forget to visit our DIGS BOOTH on the Hermosa Pier Promenade before each show for a chance to win a custom Spyder Surfboard and more! Check out page 40 for more information on the Summer Concert Series.

The depth and diversity of architecture in the South Bay is amazing. From historic beach bungalows to majestic villas along the coast, the South Bay has it all. In addition to the wonderful architecture and homes in the South Bay — it is also home to some pretty amazing people. We got the chance to visit with professional surfer and Palos Verdes local Alex Gray, whose affinity for the South Bay is refreshing for someone who has traveled the globe in search of the perfect wave.

“How’s the market?…” The most oft asked question in real estate; the answer depends on whom you ask. What I can tell you from my vantage point is that the general sentiment among Realtors in the South Bay is that the market is starting to heat up. Local realtors are feeling more upbeat about market conditions lately despite a lack of inventory across the beach cities.

There is no shortage of phenomenal homes in the South Bay. Now is your chance to step inside a few via a couple of local home tours. The 39th annual Sophisticated Snoop Home Tours starts Friday May 18th. Also not to be missed is the Hollywood Riviera Historic House Tour starting on Friday June 1st. This issue’s FRONT COVER HOME is a breathtaking estate designed by architect Cliff May on two acres behind the gates in Rolling Hills. Offered by The Inman Team, Keller Williams Realty.

While preparing for our LOOKING BACK historical piece for this issue on the old Hotel Redondo we had the privilege to meet a 4th generation homeowner in Redondo Beach whose home was one of the original cottages built for the Hotel in 1900. (Yes, that was 1900!) The McWain Home on the Esplanade in Redondo Beach is a local treasure — a special place that preserves how Redondo Beach felt over 100 years ago.

The year was 1990, the summer I graduated college and packed up my car and moved to Hermosa Beach. The sun, surf and beach vibe was a dream come true for a twenty two year old looking to start his post college life. It was a different Hermosa then – my friends and I would hang out and watch bands at the Lighthouse Café, grab schooners at the HBYC, drop into the Poop Deck after a day at the beach, listen to DJ Roy at BBC (upstairs at Besties) and always be cruising the Strand…those were the days!