South Bay Digs Magazine Archives

digs, south bay digs, magazine, issue 69, August 30, 2013

South Bay Digs • August 30, 2013

DIGS August 30, 2013

Real Estate consumers love metrics. So do we. Since we launched DIGS back in October of 2010, our audience continues to grow in both scale and reach. Our multi channel media platform is now a global destination, as home consumers from all over the World reach to us as the leading voice and resource for real estate in the South Bay. We have never been more passionate and excited about the future and are truly honored to serve the local community. We want to take a moment to say THANK YOU to our readers, our marketing partners and the entire South Bay community for your support.

digs, south bay digs, magazine, issue 68, August 16, 2013

South Bay Digs • August 16, 2013

DIGS August 13, 2013

Home prices in the U.S. have historically risen at an average of about 3.6% a year. Interestingly, if the housing market had not gone through the recent boom and bust cycle, and prices simply had risen at the historic average of 3.6% during the cycle, home – Manolo Blahnik prices would be almost exactly where they are today. Last year in Manhattan Beach the average sales price for Single Family Homes was $1,791,081, which would equate to a price gain of approximately $65,000 at the average price increase of 3.6%. Thus far in 2013, the average sales price in Manhattan Beach is $2,005,700 – a $214,619 (12%) increase year-over-year.

digs, south bay digs, magazine, issue 67, August 2, 2013

South Bay Digs • August 2, 2013

DIGS August 2, 2013

On the COVER this issue is an extraordinary estate in the private gated community of Rolling Hills. With exceptional city lights and Queen’s Necklace views, this fabulous home offers unsurpassed quality and sophistication. It has approximately 6000 square feet of living space on 6 acres of land. This issue’s HOME OF THE WEEK is “Villa Trenta Sei” – a gorgeous new construction home located in the Tree Section of Manhattan Beach. Custom built with superior quality and details throughout, this home offers all the custom amenities and attention to detail you would expect in almost 3600 square feet of living space.

digs, south bay digs, magazine, issue 66, july 19, 2013

South Bay Digs • July 19, 2013

DIGS July 19, 2013

The real estate market has reached the mid-point for 2013 and there are some interesting numbers. On the COVER this issue is a stunning Modern Plantation style home in the Manhattan Beach Hill Section. With approximately 4700 square feet of living space, this wonderful home incorporates the best of indoor / outdoor living design. Offered by Brett Zebrowski, Palm Realty Boutique.

digs, south bay digs, magazine, issue 65, july 5, 2013

South Bay Digs • July 5, 2013

DIGS July 5, 2013

Palos Verdes has just entered a new dimension in luxury real estate offerings with the newly listed “Hacienda de la Paz,” a 50,000 square foot estate set on 8-acres in the private gated community of Rolling Hills. Listed at 53,000,000 (no, that’s not a typo,) this amazing five-story home doesn’t violate Rolling Hills one-level building standard because of the four subterranean levels! On the COVER this issue is an KAA designed home situated on a rare lot and a half on the north side of 18th street.

digs, south bay digs, magazine, issue 64, June 21, 2013

South Bay Digs • June 21, 2013

DIGS June 21, 2013

It’s once again, summertime in the South Bay. The local real estate market has been picking up velocity all year and I’m seeing lots of new construction in the beach cities. All year we’ve been hearing about the lack of inventory, but would you believe that Manhattan Beach has had more closed sales in 2013 (January – June 17th) than Hermosa Beach and South Redondo Beach combined! See chart below. On the COVER this issue is the ultimate luxury family home in the Hill Section in Manhattan Beach.

digs, south bay digs, magazine, issue 63, June 7, 2013

South Bay Digs • June 7, 2013

DIGS June 7, 2013

Mortgage rates are at their highest level in more than a year, Freddie Mac reported at the end of May. While still extraordinarily low by historic standards, Freddie Mac’s survey reported that the average for a 30-year fixed loan rose from 3.59% a week prior to 3.81% the week of May 30th. Just imagine trying to purchase and finance a home back in 1981 and 1982, when typical mortgage rates exceeded 16%! Below is a quick snapshot of 30-year fixed-rate mortgage average rates going back 10 years.

digs, south bay digs, magazine, issue 62, May 24, 2013

South Bay Digs • May 24, 2013

DIGS May 24, 2013

Since we tend to always focus on what the local real estate numbers are telling us about local market conditions, I thought I would share some “big picture” economic numbers that you may find interesting. Housing contributes to Gross Domestic Product (GDP) in two ways: private residential investment and consumption spending on housing services. Historically, residential investment has averaged roughly 5% of GDP while housing services have averaged between 12%-13%, for a combined 17%-18% of GDP!

digs, south bay digs, magazine, issue 61, May 10, 2013

South Bay Digs • May 10, 2013

DIGS May 10, 2013

It’s not every day you get to sit down with some of the most famous names (and painted faces) in the rock ‘n roll world. The DIGS team did just that last week as we got the chance to interview Gene Simmons and Paul Stanley of KISS and learn more about “The Rock and Roll Restaurant of The Future.” Don’t miss our feature article on another locally inspired Zislis Group restaurant with major Rock and Roll DNA, Rock N’ Brews. On the COVER this issue is a custom built contemporary in the Gas Lamp section of Manhattan Beach. Absolutely no expenses were spared in this gorgeous home — a must see!

digs, south bay digs, magazine, issue 60, April 26, 2013

South Bay Digs • April 26, 2013

DIGS April 26, 2013

The Palos Verdes real estate market is starting to hit its stride; total year-to-date volume is up $58,831,607, there have been 41 more closed sales, average sales price is up and average days on market is down 28 days from same period last year. On the COVER this issue is a lush Mission Style Spanish Revival estate on a wonderfully quiet street in Palos Verdes Estates. This fabulous home features an amazing outdoor space on spacious 40,000+ sq ft lot situated across from Parkland, and luxurious architectural details throughout.

digs, south bay digs, magazine, issue 59, April 12, 2013

South Bay Digs • April 12, 2013

DIGS April 12, 2013

It’s no secret, the South Bay real estate market is heating up and one beach city in particular, Manhattan Beach. Looking at closed sales for Single Family Residences in Manhattan Beach (March 1 – April 1, 2013,) a total of 32 homes sold at an average $52,350 over listing price at an average of 40 days on market. Several homes in the area have sold for multiple six figures over asking price with multiple offers. Where does it go from here?

digs, south bay digs, magazine, issue 58, March 29, 2013

South Bay Digs • March 29, 2013

DIGS March 29, 2013

Despite the ongoing tight inventory in the South Bay market, aggregate Single Family Residence (SFR) home sales are up 30% so far in Q1 for the Palos Verdes Peninsula over last year. For the period of January 1st through March 26th, there have been a total of 148 homes sold vs. 114 last year. Interesting, average days on market are down 31% and average selling prices are up 4.5%. On the COVER this issue is the serene “VILLA BALINA” — a timeless estate on one of the best streets on the entire Palos Verdes Peninsula with panoramic views of the Pacific Ocean and entire Santa Monica Bay.

Luxury Real Estate Happens Here