LAURA MEDINA

R E A L T O R | B R E # 0 1 3 0 9 5 7 5

LAUR A@K ELLYANDLAUR A. COM

(310) 738-7355

WWW.KELLYANDLAURA .COM

KELLY EVANS

R E A L T O R | B R E # 0 1 0 7 0 0 9 1

KELLY@K ELLYANDLAURA. COM

(310) 613-2465

“Sisters SOLD on the Hollywood Riviera”

KELLY & LAURA

HOLLYWOOD RIVIERA OCT 2016

REAL ESTATE MARKET UPDATE

HOLLYWOOD R IV IERA L I V I NG | MAR K ET REPORT

The Crystal Ball Report

2005 - $1,098,890 2006 - $1,113,346 2007 - $1,139,145 (the high) 2008 - $1,073,390 2009 - $985,505 2010 - $980,175 (the low) 2011- $983,540 2012 - $1,042,969 2013 - $1,121,842 2014 - $1,238,301 2015 - $1,288,827 2016 - $1,269,286 (Year To Date)

1994 - $367,000 1995 - $411,519 1996 - $403,563 (small dip) 1997 - $421,293 1998 - $471,322 1999 - $509,942 2000 - $559,203 2001 - $601,669 2002 - $698,300 2003 - $777,264 2004 - $1,014,561

Average Sold Prices of Single Family Homes in the Hollywood Riviera 1994 - 2016

Everyone wants to know if we’re at the top of the market again. A good place to start in answering this question is to look back at historical annual sold prices. Starting back as far as 1994, we see how 13 years of increases in average-sold-price finally led to the height of the market in 2007. This led to only a few years of declines with the low-average-sold price of $980,175 coming in 2010. Then the market starts steadily increasing up, yet again, to today’s average price for 2016 (thus far) of $1,269,286. We won’t know if this is a decrease over last year’s average price until this year is over. There are 10 houses in escrow now and many of them sold very quickly, which often means multiple offers. Since 1950, the Hollywood Riviera has seen a tenfold increase in average sold prices since these homes sold for around $10,000 at that time. From 1994 to today, we are talking about an average sold price that’s increased more than 3 x’s. Honestly, it’s crazy how quickly the market has been going up again. When will we see a drop and will it be a short blip on the screen like it was after 2007? At this point it’s hard to say. What is apparent however, seems there is no better investment than real estate especially if it’s in a wonderful area like the Hollywood Riviera!

Gorgeous Panoramic

Ocean, Mtn & City Views!!!

4 Bed/3 Bath - Fully Remodeled Very Spacious 2503 Sq Ft One Level on a Cul de Sac Gorgeous open floor plan

Fabulous backyard with views! Call for more information!

HOLLYWOOD RIVIERA

LISTINGS

COMING SOON!

Gorgeous Panoramic

Ocean, Mtn & City Views!!!

4 Bed/3.5 Bath - plus office Very Spacious 2521 Sq Ft

Beautiful Remodel - Open Plan Great backyard and patio Call for more information!

Hollywood Riviera Real Estate Trends

3rd Quarter 2016 - Homes SOLD

WWW.KELLYANDLAURA.COM

Address SOLD Sq Ft Beds Baths List Price DOM Sold Price

23920 Janet Lane, TORR 1148 3 2 $735,000 7 $793,000

5514 Calle Mayor, TORR 1636 4 2 $925,000 105 $910,000

301 Via El Chico, RB 1398 3 2 $979,000 48 $969,000 5429 Calle Mayor, TORR 1363 3 2 $1,025,000 42 $1,005,000

265 Vista del Parque, RB 1909 4 3 $1,075,000 428 $1,010,000

3812 Newton St, TORR 1652 3 2 $999,000 12 $1,030,000

3870 Paseo de las Tortugas, TORR 2572 3 3 $1,049,000 9 $1,049,000

3868 Bluff St, TORR K&L 1752 3 2 $999,000 50 $1,053,500

820 Calle de Arboles, RB 2010 4 2 $1,149,000 50 $1,100,000

4009 Mesa St, TORR 1840 3 3 $1,125,000 16 $1,115,000

4508 Highgrove Ave, TORR 2291 4 3 $1,125,000 29 $1,125,000

216 Paseo de Gracia, RB 1616 3 2 $1,200,000 69 $1,150,000 5110 Via El Sereno, TORR 1597 4 2 $1,197,500 84 $1,179,000

521 Paseo de las Estrellas, RB 1458 3 2 $1,269,900 39 $1,192,500

125 Vista Del Parque, RB 1299 3 2 $1,179,000 9 $1,200,000

4914 Newton St, TORR 1652 3 2 $1,199,900 7 $1,200,000

23408 Susana Ave, TORR 1544 3 3 $1,199,000 24 $1,207,000

249 Calle de Madrid, RB K&L 1512 3 2 $1,222,000 0 $1,222,000

4427 Vista Largo, TORR 1690 4 3 $1,249,000 28 $1,249,000

425 Paseo de las Estrellas, RB 1552 4 2 $1,299,000 74 $1,277,000

428 Via los Miradores, RB 1890 4 3 $1,195,000 12 $1,292,000

248 Calle de Madrid, RB 1721 4 2 $1,200,000 9 $1,300,000

412 Camino de las Colinas, RB 1542 3 2 $1,295,000 63 $1,311,000

127 Via Anita, RB 1715 3 2 $1,200,000 20 $1,365,000

304 Via El Chico, RB 1931 4 3 $1,399,000 12 $1,375,000

116 Via El Chico, RB 2265 5 3 $1,399,000 46 $1,410,000

420 Calle de Aragon, RB 2521 3 4 $1,199,000 60 $1,431,000

128 Via Sego, RB 1670 3 3 $1,525,000 83 $1,485,000

5401 Paseo de Pablo, TORR 2030 4 2 $1,499,000 26 $1,499,000

326 Calle de Arboles, RB 3251 4 4 $2,098,000 190 $1,550,000

214 Vista del Sol, RB 2045 3 3 $1,625,000 63 $1,575,000

221 Via Pasqual, RB 2030 4 2 $1,649,000 23 $1,695,000

705 Calle Miramar, RB K&L 2922 5 5 $1,799,000 13 $1,732,000

Sales information obtained from the Greater South Bay Multiple Listing Service, deemed reliable but not guaranteed. Data pulled from July 1, 2016 - September 30, 2016.

Curious What Your

Home Is Worth?

Free Market Analysis

Call or Email Us Today!

Kelly (310) 613-2465

Kelly@KellyandLaura.com

Laura: (310) 738-7355

Laura@KellyandLaura.com

When I decided to sell my home in Redondo Beach I

anticipated a very stressful process. Fortunately family

and friends referred me to Kelly & Laura. I can’t speak

highly enough of my selling experience with them. I

always felt that Kelly and Laura had my best interests in

mind. They were always available to me by either email,

texts, or in person when necessary. Kelly kept me

informed about every aspect of the sometimes complicat-

ed process. She listened to all of my concerns and

offered excellent advice and suggestions to resolve them.

They had extensive knowledge of the neighborhood and

local contractors, which led to referrals to an electrician,

plumber, and handyman to take care of a few small

repairs. Their professional photographer took amazing

pictures of my house, and the resulting marketing

brochure was awesome. Kelly and Laura have an excel-

lent grasp of the Redondo Beach market, and they were

able to price my house just right. Within a few weeks

we had multiple offers above the listing price. I appre-

ciated the professionalism, knowledge and honesty

that Kelly & Laura always presented, and I thoroughly

enjoyed their friendly, personable demeanor.

Sincerely, Cathy Viladesau

Hollywood Riviea Home Seller / September 2016

MORTGAGE NEWS FROM BRIAN DIEDERICH OF RIVIERA FUNDING

WWW.HOLLYWOODRIVIERALIVING.COM

1801 S. Catalina Ave #201 ~ Redondo Beach 310-989-4041 ~ BDiederich@RivieraFunding.com

MORE HAPPY CLIENTS!!

Call or email us today for the current market value of your

property.

*******************ECRWSS***********

Local

Postal Customer

PRSRT STD ECRWSS

U.S. POSTAGE

PAID EDDM RETAIL

WWW.HOLLYWOODRIVIERALIVING.COM

Kelly@KellyandLaura.com (310) 613-2465

Laura@KellyandLaura.com (310) 738-7355

It’s been a slow and steady climb over the last 22 years. 2007 was the last market high before it fell and bottomed out 2008-2010. Starting in 2011, it’s been climbing again with what might look like a trend down for 2016 vs 2015. However, this year (2016) is not over and with all the activity we’ve seen over the last month (there are currently 10 homes under contract/pending escrow now), it is hard not to think 2016 will end up slightly above 2015’s numbers. Only time will tell. We will keep you posted, so stay tuned!

A N N U A L

C O MPAR AT I V E

S I N GL E FA MI LY H O M E

S A L E

T R EN D S I N T HE

H O L LYW OOD

R I V I E R A

1 9 9 4 - 2 0 1 6