Negotiating Repairs Or Credits

As a prospective buyer, if you see something about a property you’d want to fix or replace, you’ll probably want to negotiate repairs or credits with the seller. The question is whether you want the seller to manage the repairs or you to manage the repairs. Neither choice is inherently better or worse, but certain circumstances or goals may cause you to opt for one or the other.

When buyers opt to negotiate repairs, the primary reason is that they simply don’t want to deal with it, and would prefer for it to already be finished by the time they move in. This is certainly a valid reason, but there may actually be a more important one. Many — though not all — loans require the property to meet a minimum standard of condition, and if the property falls short, you’ll need the repairs to be done before the sale is finalized if you don’t want the loan to be rejected. You should check your loan requirements before making a decision.

The most common reason for asking the seller for credit is that the changes the buyer wants are either minor or subjective. Minor repairs will still take time and delay the sale process if the buyer asks for the seller to take care of them. Repainting or choosing colors or materials are updates that require the new owner’s oversight, so it doesn’t make sense to put it in the hands of the seller. If your loan will allow it, you may even want credit for major repairs. This could be because you want more agency in the process, you have the skill to repair it yourself, or you’re on a time constraint and don’t want to delay the sale.

Photo by Milivoj Kuhar on Unsplash

Next at the Grand Annex


Friday, September 13 / 8 PM

Trailblazing all-women quintet deliver sparkling, powerful and irresistible Country-Americana!



Variety Hour

Saturday, September 14 / 8 PM

Modern folk singer-songwriter David Robert Pollock (formerly DCR Pollock) returns to the Annex to premiere his new, “David Robert Pollock Variety Hour,” featuring guest appearances by talent from across the LA music scene.



A Musical Retrospective of CSNY

Sunday, September 22 / 4 PM

Immerse yourself in classic ’70s folk-rock with faithful renditions from the songbook of Crosby, Stills, Nash & Young – hear “Teach Your Children,” “Helpless,” “Suite Judy Blue Eyes,” “Love the One You’re With” and more.


John Jorgenson Bluegrass Band

Friday, October 4 / 8 PM

John Jorgenson returns, this time switching his guitar out for a mandolin and bringing his all-star bluegrass supergroup featuring legendary, award-winning musicians: Herb Pedersen, Mark Fain and Patrick Sauber.


Andy & Renee Live & On Tour

Andy & Renee-The Lighthouse

TUESDAYS THRU AUG 1, then resuming SEP 3@ 5:30PM — 7:30PM The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254

Andy & Renee-Banana Leaf

THURSDAYS, July 11, 18, AUG 1 @ 6:30PM — 9:00PM Banana Leaf & Beach Cities Social, 1408 S Pacific Coast Hwy, Redondo Beach, CA 90277

Andy & Renee Livestream #234

Friday, June 12th, 6pm PDT.

Watch live or anytime at Watch live or anytime at Come watch the show in person at our studio! 17411 Delia Ave., Torrance, CA 90504. LIMITED SEATING, so RSVP now to Please arrive no earlier than 5:45p. Show will start at 6pm. For the online viewer, the Livestream shows are free to watch, but the option to contribute is there for those who are in a position to do so. You can see our song list to make requests and contribute at, PayPal ( or Venmo, ( A portion of the proceeds will go to the Los Angeles Midnight Mission. We are sustained by the generosity and support of the fans who love the music, and who donate as they are able. If you use funds from your bank vs. your credit card, we aren’t charged a service fee, but either way, we appreciate your support!

Andy & Renee-House Concert Hosted by Diane Stahl and Steve Reinhardt-Denver, CO

Saturday, August 3rd – 5-9 pm

Home Of Diane Stahl & Steve Reinhardt, 870 South Clarkson, Denver, CO 80209

Doors 5pm — Concert 6pm Diane Stahl & Steve Reinhardt 870 South Clarkson Denver 80209 Seating is limited to 50 – Reserve your seats now! You don’t want to miss this fabulous musical experience! $20 requested for musicians. Drinks provided. Please bring your favorite dish to share. Get tickets at (scroll down to house concert)

Andy & Renee-House Concert, Priest Lake, ID

SAT, AUG 10 @ 5:00PM Home of The Songstad’s, 632 Hagman Road, Nordman ID 83848

Hosted by the Foley/Lyman/Songstad’s. Details TBA

Andy & Renee-The Hill’s Resort, Priest Lake, ID

WED, AUG 14 @ 6:00PM The Hills Resort, 4777 W LAKESHORE RD., PRIEST LAKE, IDAHO 83856

Andy & Renee-Moose Knuckle- Coolin, ID

FRI, AUG 16 @ 6:00PM Moose Knuckle, 10 Cavanaugh Bay Road, Coolin, ID 83821

Andy & Renee-House Concert/Livestream-Portland, OR

MON, Aug. 26th Doors 6:30, Show 7pm PDT. Co-hosted by Bob Boyle and Larry & Janet. 15555 SE Riverforest Dr., Oak Grove, OR 97267. $20 requested for musicians.

Andy & Renee-The Station House, Auburn, CA

FRI & SAT, AUG 30 & 31 @ 7:00PM — 10:00PM Station Public House, 750 Lincoln Way St.100, Auburn, CA 95603

Pro Songwriters’ Showcase – July

PROJECT BARLEY BREWERY, 2308 Pacific Coast Hwy, , Lomita CA 90717
Tue, Jul 16 @ 7:00PM — 9:00PM

This is a once a month (every third Tuesday) show that is designed as a listening room for world class songwriters, many with hit songs, long touring/recording associations with music legends ETC… to play their original music in an intimate setting. NO COVER BUT DONATIONS ARE STRONGLY ENCOURED AND GO TO THE SONGWRITERS. Project Barley serves excellent Food (Gourmet Pizza, wings, sandwiches, salads), wine, and award winning beer. Food served till 8:30pm. No reservations so arrive early to get a table. This month we are proud to present: RICK SHEA, TONY GILKYSON, BRIAN WHELAN


Longtime Southern California singer-songwriter Rick Shea got his early musical education in the bars and honky-tonks of San Bernardino where he grew up. With ten critically acclaimed albums, he’s performed all over Southern California, the West Coast, the US and in Europe, and built a solid career for himself as a solo artist, singer, guitarist and songwriter. Shea’s songs reflect the folk, country, rock and Mexican influences he grew up with. “Songs tell our stories and our history and songs were how those stories were shared in the past, I like to continue that tradition.”

60 miles east of Los Angeles where the urban sprawl starts to thin out and the desert starts to take over sits the old railroad town of San Bernardino. Shea says, “Growing up there were a dozen or more honky-tonks and truck stop bars on the outskirts. They were kind tough places but as a sideman and singer I could work 6 – 7 nights a week. That’s where I first heard a lot of those old songs – Merle Haggard, Lefty Frizzell and Buck Owens – every night.”

Shea’s recently released album Love & Desperation has gained a lot of praise as have his earlier albums. He is a deeply evocative singer and a formidable guitarist who doubles on steel guitar and mandolin. On his songwriting influences Shea says, “When I was younger Merle Haggard cast a long shadow, but since then Dave Alvin, Jim Ringer and a lot of other music has found its way in.”

If your tastes run toward hard working, literate, back 40 folkies like Tom Russell, Chuck Pyle, Jimmie Dale Gilmore and others like that, Shea is sure to be another that you’re going to dig. With a very personal edge to his writing and singing, this is classic folkie/troubadour stuff that cuts right to the chase and delivers moves that others can only turn into clichés. Check it out, it’s the real deal. – Chris Spector MIDWEST RECORD

A hauntingly nostalgic vocalist, imperative guitarist and literate, detail-rich songwriter, do yourself a favor. – Gary von Tersch, Sing Out


Born in Hollywood and raised in an environment of musicians, songwriter–guitarist Tony Gilkyson originally started recording as a boy with his father, Terry Gilkyson, a composer for Walt Disney and a prominent folksinger/songwriter in his own right. Artists he has played and recorded with include Lone Justice, John Coinman, Jake LaBotz, Ray Wiley Hubbard, Bob Neuwirth, Sam Phillips, Duke McVinnie, Jimmie Dale Gilmore, Peter Rowan, Larry Hosford, Rick Shea, Dave Alvin, Kip Boardman, Alice Cooper, Bob Dylan, Kris Kristofferson, K.D. Lang, Mark Olsen, Shane MacGowan, Ramsey Midwood, Mike Stinson, The Spoolies, Randy Weeks and Kathleen Wilhoite. He has produced recordings for sister Eliza Gilkyson and Dances with Wolves author and poet Michael Blake. With Tom Waits, he co-produced Chuck E. Weiss’s albums Extremely Cool and Old Souls & Wolf Tickets. In 2003 he produced the acclaimed Country for True Lovers by Eleni Mandell. He also has played guitar on numerous film sound tracks including the Johnny Cash biopic Walk the Line, as well as The Big Lebowski, Don’t Come Knockin’ and All the King’ s Men, with producer T Bone Burnett.


There’s nothing wrong with Americana. ​Brian Whelan’s refrain on the opening track of ​Sugarland ​immediately lets you know what the singer, songwriter, producer, sideman, and all-around utility savant is all about. The song is cheeky, fast, and pulls no punches. There’s plenty of façade in Whelan’s Los Angeles, but that’s not what he’s here for. He’s here for the tunes.

If you’re a frequenter of the Cinema Bar in Culver City, no doubt you know the name Brian Whelan. As a young musician with half a boot still in USC’s music program, Whelan found the bar, found his people, and found his scene. Further down the line, you’ve come across him shredding GOE Sundays at The Echo in Echo Park, singing originals that gets the packed room dancing as much as the covers he slays.

But the name was really made playing with country, rock, and Americana stars, such as Houston’s own Mike Stinson, Nashville roots godfather Jim Lauderdale, and Los Angeles rocker Chris Shiflett. Whelan put his unmistakable mark on the national scene as the prolific sideman behind urban cowboy Dwight Yoakam, playing guitar, keys, pedal steel, and anything else that was required or requested. From budding fan to established keystone, Whelan is now at the center of that Los Angeles Americana scene he discovered years ago.

Perhaps the most interesting quality in Whelan is the one not hidden, but bleeding through every second of the 33-minute ​Sugarland​: earnestness. It’s a trait Los Angeles is bereft of; a town that wrings the optimism out of every heartland kid with an eye on the screen or a guitar in the trunk of that car that carried them west. The driving guitar riffs, the soaring vocals, and the love-fueled lyrics that define Whelan’s solo songwriting endeavors aren’t contrived; they don’t come from a flavor of the week proclamation on pitchfork or the current Coachella lineup. Brian Whelan can do a lot of things, but there are two things he won’t do – boring and bullshit.


Jodi Siegel, originally from Chicago, IL, is a singer, songwriter and guitarist. Over the years Jodi has opened for and or shared the stage with many respected musicians including: Albert King, Robben Ford, Robert Cray, J.D. Souther, David Lindley, Fred Tacket and Paul Barrere (Little Feat) and countless others. Her songs have been recorded by Maria Muldaur, Marcia Ball, Tommy Ridgley and Teresa James.

She has recorded two CD’S; Stepping Stone and her latest CD, “Wild Hearts,” produced by Steve Postell (Immediate Family, David Crosby, Eric Johnson, Robben Ford, Iain Matthews), is filled with great songs, cool grooves, intimate, smart lyrics and some of the best of the best musicians in Los Angeles today including; Mike Finnigan (organ, piano), Hutch Hutchinson, Abe Laborial Sr., Alphonso Johnson (bass), Russ Kunkel, Michael Jerome Moore, John Ferraro, Arno Lucas (drums, percussion), Joe Sublett (Saxophone) and Maxayne Lewis and Clydene Jackson (background vocals). Each song has a soulful delivery with an undeniable down-home elegance. It has received great reviews by Patrick Simmons (Doobie Brothers), Maria Muldaur, Walter Trout, David Mansfield (T Bone Burnett), Leland Sklar, Mike Finnigan and Doug Macleod to name a few.

South Bay Housing Prices Up, Sales Down

Median prices for real estate around the Los Angeles South Bay have risen over 40% since 2019, the year before the corona-virus pandemic. Comparing the median prices and sales activity for the first half of 2024 shows increases approaching 50% for the five year period in all areas across the South Bay.

Over the same time period, sales volume has plummeted by 22%, falling from 4,022 in 2019 to 3,149 in 2024. The Beach cities have been particularly hard hit with a 34% drop in the number of homes sold during the first six months of the year.

Looking at 2024 versus 2023 shows a similar pattern with median prices up nearly 10% from the first half of last year. The Beach area showed the lowest increases, coming in at 5% above the 2023 median.

Sales volume was off by 2% across the area with the only positive being the Beach at a mere 1% above 2023 numbers. As the 2024 year has progressed, the number of sales has declined in total. Simultaneously, more and more parts of the South Bay have fallen into negative growth.

As of the end of June, 2024 sales figures for all areas were negative in comparison to June of 2023. While the number of homes sold has consistently declined through the first half of the year, median prices have been equally persistent at increasing over last year. Most experts are attributing the increasing prices and decreasing sales to the shift from an ultra-low mortgage interest rate during the pandemic, to a comparatively high rate currently.

When rates were at the lowest, many homeowners took advantage of the opportunity to refinance at the incredible rates. Those folks are now in a position where they would incur a painful increase in monthly living costs if they were to move. That has resulted in about a 40% reduction in the number of homes typically available on the Multiple Listing Services (MLSs).

At the same time, the increased mortgage interest rates have pushed a significant number of potential sellers out of the market because they no longer qualify for the loan they would need to trade up to a larger or newer home. That reduced the available inventory of resale homes even further and became another contributing factor to the bidding wars among the few buyers still in the market.

Beach: Down 18% in Sales May to June

Monthly sales volume fell from 110 units in May to 90 homes in June, for an 18% drop. Median price jumped 10% in one month to end at $1,917,500.

Year over year, the number of homes sold declined from 124 in June of last year to 90 this year for a loss of 27%. Median price for the Beach climbed 11% over the year.

Year to date for the first half of 2024 versus the first six months of 2023 shows a modest increase of 1% in sales volume along with a increase of 5% in median price.

Harbor: June Median Price Off by 6%

The Harbor area was the outlier for June. While month over month sales collapsed and pricing jumped for the other three areas, Harbor sales of 342 homes boosted sales by 19%, coming in well above the 288 homes sold in May. Meanwhile, median price went the other direction, dropping from $848K in May to $799,900 in June, for a decline of 6%.

Year over year statistics went the opposite direction, following the rest of the South Bay. Sales volume fell by 3%, dropping from 124 in 2023 to 90 in June of this year. Meanwhile the median price was up 4% for the year, rising from $772,000 last June to nearly $800,000 this year.

The first six months of 2024 brought a year to date sales drop of 4%. The median price in the same period climbed 9%.

Short term changes, as from month to month, have been unpredictable since the pandemic. Looking at the longer term, there is consistency in the declining sales volume and increasing median price. With 2024 a presidential election year, it will be interesting to see how long this direction holds.

Hill: Year Over Year Sales Fell 24%

With a reputation for wildly shifting statistics, the Palos Verdes Peninsula came in with relatively modest decline of 9% from May sales. Similarly, the increase in median price was very tempered at only 3%.

The sales volume for same month last year was anything but mild. June of 2023 reported 79 homes sold versus 60 homes in June of 2024. That’s a 24% drop in volume from last year. While a fourth of the 2023 sales disappeared, the median price eked out a 1% increase, going from $2,000,000 last June to $2,912,500 in June of 2024.

In what is becoming a familiar trend, the year to date sales volume is down 2%, and the median price for the first six months of the year is up 7%.

Inland: June 2024 Sales Drop 24% From 2023

The Inland area showed the smallest month to month change of the South Bay. The 4% drop in sales volume from 128 homes sold in May to 123 in June was minor. Likewise the 1% increase in median price from $945,000 to $955,000.

Like the Hill, the Inland area had a radical drop in sales from June of 2023 to June of 2024. Falling from 161 homes sold last June to 123 sold this June resulted in a 24% drop in transactions. Median price in the same period rose 9%, from $875,000 to $955,000.

Interestingly, there has been no statistically significant change in the sales volume for the first six months of the 2023 and 2024 years. It actually increased by three units from 669 homes sold in 2023 to 672 homes sold in the first half of 2024. For the same time periods, the median price climbed by 6%.

Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo
Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City
PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates
Inland=Torrance, Lomita, Gardena

Photo Montemalaga Sunset by Carl Clark

How To Deal With Summer Pests

For many people, summer is supposed to be the ideal time to relax. Unfortunately, summer also comes with a few annoyances — namely, pests and overbearing heat. Fortunately, if they’re dealt with effectively, you can still enjoy your summer.

Different types of bugs have different living conditions. That can make it hard to cover for every single type, but it becomes easier if you know why they’re coming. Dealing with fruit flies and dust mites can be made easier by simply cleaning, but there are also more specific things you can do. Fruit flies are attracted to overripe fruits, and dust mites like high humidity. There’s also a trick for mosquitoes — they can’t fly well in windy weather, so you can use fans as a substitute to deter them.

As for the stifling heat, it may be that some rooms are hotter than others. In fact, this is probably the case even if your AC isn’t on — but it’s especially the case if your AC is on and there’s a problem with it. Your ducts may not be properly sealed, or the fan may not be working right. If applicable, direct more cool air to upstairs areas, since the heat rises. The heat can also cause issues for doors, as heat and humidity can cause wood to expand. This could make your doors stick or jam. You may need to adjust weather stripping, or possibly even shave the door down.

Photo by Ainsley Myles on Unsplash

What Type Of Roof Is Best For You?

Obviously, a roof is a very important thing to have. After all, the term “a roof over your head” is often used to represent the entire house. But most people only consider whether or not their roof is in good condition. They don’t think about what kind of roof best suits their needs.

Different roofing materials have different advantages. Which is right for you depends which factors are most important to you. Are you looking for something durable that will last a long time? Try metal or slate roofing. Metal roofing is increasing in popularity due to its longevity and customizability options, but slate roofs do last a fair bit longer, and are still considered visually appealing despite a lack of color options. Do you just want the most cost-effective option? Look no further than asphalt shingles, which are one of the cheapest roofing materials and can be replaced individually if damaged, rather than replacing the entire roof. Perhaps you’re into energy efficiency and eco-friendliness? Wood shingles and shakes can be sustainably sourced and have natural insulation, and tile roofs are energy efficient as well, while also resisting weather conditions, fire, rot, and insects and coming in a variety of colors and patterns.

Photo by Jack Price-Burns on Unsplash

Which Factors Most Influence Home Values?

There are a significant number of factors that could potentially affect what your home is worth. It can sometimes be hard to pinpoint exactly how much buyers are likely to be willing to pay, even for experts. This is especially true in a changing economic climate. However, there are a few factors that can give a pretty good idea of a home’s value.

The first thing an agent will look at to determine a home’s value is recent sales of similar properties in the same or a similar area. This is called a comparative market analysis (CMA), and is the primary method of predicting home values. Unless the economy is particularly unstable, a home similar to yours in a similar area that sold recently probably sold for approximately as much as your home is worth. Looking at currently listed properties can help, but it’s looking at actual sales that is more valuable, because you know at least one buyer definitely was willing to pay that much, otherwise the sale would not have happened.

The reason CMAs look at specifically the same or similar areas is that prices vary extremely widely by neighborhood. Schools, shopping centers, public transportation and recreational facilities can significantly enhance a home’s desirability. On the other hand, high crime rates or noise pollution may detract from a property’s appeal. And it’s important to note that a similar area doesn’t necessarily mean a nearby area. Neighboring communities could be vastly different from one another, but there could be another neighborhood a bit farther away that has more features in common.

But the research isn’t done as soon as a CMA is complete. It may be difficult to find exact matches for your property, particularly when the market is slow. Granted, if you live in tract housing, this can be slightly easier — but only if other properties in the same tract have been sold recently. To combat this, agents adjust the value to account for differences between the comparative properties and your own property. This can include age of the property, condition, and upgrades, as well as property size, lot size, and features.

Photo by Jakub Żerdzicki on Unsplash

New California Law Reduces Security Deposits

Much of the consideration for renting over buying comes from the lower initial cost. However, with quickly rising rents and increasing access to financial assistance especially for first-time homebuyers, that gap is closing somewhat. AB 12, which went into effect at the beginning of July, seeks to lessen the upfront cost burden on renters.

Under AB 12, no landlord can charge a security deposit greater than two months’ rent, and in some cases, it’s limited to one month’s rent. The one month limit applies to landlords who own either more than two rental properties or more than four units, as well as when the tenant is a military service member. In all other cases, the limit is two months. Unlike prior law, whether the unit is furnished or not is not taken into account.

What remains to be seen is how easily this law can be enforced, particularly whether landlords adhere to the one month or two month limit. Previously, the difference was whether the unit was furnished or not, something that could be easily confirmed or denied. However, landlords are under no obligation to reveal to tenants how many properties or units they own in total. Moreover, since a landlord can refer to either a person or a limited liability corporation, it’s possible to put properties managed by the same landlord under different names. There may be protections in place for tenants who discover a landlord attempting to sneak by this rule, but they may have a hard time proving it.


Photo by Hebert Marchesi on Unsplash

Andy & Renee Live!

Andy & Renee-The Lighthouse

TUESDAYS @ 5:30PM — 7:30PM
The Lighthouse Cafe,
30 Pier Avenue
Hermosa Beach, CA 90254

Andy & Renee-Banana Leaf

THURSDAYS, June 27 @ 6:30PM — 9:00PM
Banana Leaf & Beach Cities Social,
1408 S Pacific Coast Hwy,
Redondo Beach, CA 90277

Andy & Renee & Hard Rain at Wilson Park-

Music from Woodstock-FREE

SAT, JUN 29 @ 5-6:30pm
Wilson Park,
2200 Crenshaw Blvd.,
Torrance, CA 90501

Andy & Renee & Hard Rain-Songs From Laurel Canyon

SOLD OUT- Call to get on waiting list

SUN, JUN 30 @ 8:00PM
The Grand Annex,
434 W. 6th St.,
San Pedro, CA 90731

Andy & Renee-Canada Day Celebration and Fundraiser for Community’s Child

MON, JUL 1 @ 6:00-10:00PM
Home of Athena Pacquette and Tom Cormier,
Torrance, CA 90505

$50 includes Music, food, drinks and donation to charity. Get tickets here:

Andy & Renee & Hard Rain-Malaga Cove Library Park Concert-

Songs from The Who, The Rolling Stones & The Beatles

Malaga Cove Library Park,
2400 Via Campesina,
Palos Verdes Estates, CA

Details TBA

Andy & Renee Livestream #233

Friday, June 12th, 6pm PDT.

Watch live or anytime at

Come watch the show in person at our studio! 17411 Delia Ave., Torrance, CA 90504. LIMITED SEATING, so RSVP now to Please arrive no earlier than 5:45p. Show will start at 6pm.

For the online viewer, the Livestream shows are free to watch, but the option to contribute is there for those who are in a position to do so. You can see our song list to make requests and contribute at, PayPal ( or Venmo, ( A portion of the proceeds will go to the Los Angeles Midnight Mission. We are sustained by the generosity and support of the fans who love the music, and who donate as they are able. If you use funds from your bank vs. your credit card, we aren’t charged a service fee, but either way, we appreciate your support!

Andy & Renee-Terranea Lobby Bar

MON JUL 15th & FRI JUL 19th@ 7:00PM — 11:00PM
Terranea Lobby Bar,
100 Terranea Way,
Rancho Palos Verdes, CA 90275




Summer Sizzles at the Grand Annex

Ali Coyle
with Danielle Lande, Mary Ives

Sat, Jun 29, 2024
8:00 PM
Doors 7:00 PM

American-Irish singer, songwriter, and multi-instrumentalist, Ali Coyle, intertwines dream-folk and indie rock genres with lush vocal harmonies and rhythm-focused instrumentation. With a voice that can be described as both haunting and angelic, Coyle’s lyrics express her stories as first generation American, and an openly queer artist, who fought to celebrate her identity growing up in Orange County, California.

Gravitating towards music at an early age, she learned classical violin and then ultimately the electric guitar, where she began to define her style as a songwriter.

Her 2021 debut studio EP, Songs For My Therapist received recognition and acclamation from a list of publications that include The Los Angeles Times, Atwood Magazine, and Guitar Girl Magazine for creating “poetic and moody music that speaks to your soul”

More recently she performed for Apple TV+ at the advanced screening of Flora and Son, an Irish film directed by John Carney (Once, Begin Again, Sing Street). Ali released a new single Dreamkiller last fall and, stay tuned, she is in the process of writing and producing her next record.spel, and 60’s pop.

Andy & Renee & Hard Rain –
Songs From Laurel Canyon

Sun, Jun 30, 2024
8:00 PM
Doors 7:00 PM

This show is Sold Out! If you would like to be put on the waitlist, please call the Annex at 310-833-4813, placement on the waitlist does not guarantee a ticket.

SoCal favorites play originals and Songs from Laurel Canyon. Hear classic rock hits of the late ’60s and ’70s from Buffalo Springfield, Carole King, James Taylor, Linda Ronstadt, Crosby Stills Nash & Young and more.

Andy Hill and Renee Safier with their band Hard Rain has been referred to as “America’s best kept secret.” Performing over 200 shows a year, the band delivers a style of Americana folk-rock that’s thoughtful, musical, danceable, and full of memorable hooks. The duo is also behind “Dylanfest” the day-long music festival, now in its 33rd year, celebrating the music of Bob Dylan and featuring over 70 of L.A.’s best musicians.

With 17 CDs and 3 DVDs in their pocket, Andy & Renee have won countless awards, including “Americana Group of the Year” by the LA Music Awards, “Best Duo/Group” at the International Acoustic Music Awards, and a Regional Emmy for their PBS concert special “Black Box Opens – Andy & Renee.” Their relatable lyrics, unforgettable melodic content, and tightly crafted arrangements have brought together fiercely loyal audiences up and down the West Coast in the US and Canada.

Fred Crawford
Vaudeville Variety Revue

Sat, Jul 13, 2024
7:30 PM
Doors 6:30 PM

Fred Crawford has long been a fixture of the local San Pedro entertainment scene from Papadakis Tavern, to Alvas Showroom and now the Grand Annex stage. Fred Crawford is a noted tap dancer and comedian hailing from a family of vaudeville performers. Performing a 90-minute comedy, monologue, pantomime, impressions of actors from Hollywood’s “golden age” and tap dance revue.

Opening the show will be Lou Mannick performing on the singing saw.

South Bay Median Prices Still Climbing

South Bay median home prices are continuing to climb! May versus April showed increases as high as 9% for the month. Comparing May of this year to last May gave increases as high as 18% for the year. Year to date statistics for the first five months of the year came in with increases as high as 11%. Looking at the same five month period from five years ago shows median prices have climbed by nearly 45%.

Mortgage interest rates have roughly doubled from two years ago. The Federal Reserve Bank kept raising rates, hoping to drive inflation down. Unfortunately, it doesn’t seem to be working in the real estate world.

So far this year the interest rate increases have only modestly slowed purchases in month to month data. The number of homes sold in April was 10% higher than in March. May shows a 2% increase in the number of homes sold compared to April. Year over year sales volume shows a greater impact, with an 8% drop from May of 2023 to May this year. Most of that decline was lost this year as home sales for the year to date are up 1% from last year.

Once again looking back five years shows sales are off by 22% across the board from pre-pandemic sales volume. All while median prices are up 45%! But, there are very few homes on the market, and the shortage of inventory is driving price increases, contrary to the Fed goal of slowing inflation.

So why are there so few homes for sale today compared to 2019? And why are prices climbing in the face of mortgage interest rates that have doubled?

One possible factor: During the pandemic mortgage interest rates were at and below 3%. A significant number of existing mortgages were refinanced during the 18 months of the pandemic. Another 17% of currently existing mortgages were purchases at those rates. In summary, about 50% of the current mortgage market is now holding a note with an interest rate that is a fraction of today’s rates. There is essentially no reason for those folks to ever move.

Since about 80% of California homeowners carry a mortgage, and about half of those have an historically low interest rate, about 40% of homeowners have an incentive to stay where they are now, rather than trade up, as would be normal. Given the financial benefits, those homeowners are not likely to put their home on the market and increase the inventory thereby relieving some of the supply and demand imbalance.

Forty percent is a huge piece of the available housing stock to be removed from the market in a time of a housing shortage. Work-related re-locations would have once smoothed this out, but the “work from home” movement has also contributing to the slowing real estate market. The current outlook is for several years of low inventory, further exacerbating the increase in housing costs.

Eventually the inflation of housing prices will come under control and annual increases will get down to something less than 6%. There’ll be no attempt to “dial back” the inflation and return to a prior point in time. So the short term question is, “How do we adjust to the new reality of higher prices, fewer homeowners, and more renters?”

Beach: Anticipate Fewer Sales & Higher Prices

Monthly statistics have been misleading in recent months in all the areas. May activity at the Beach is a great example of the disparities. Compared to April, 7% fewer homes were sold in May with no change in the median price. Contrast that with the annual numbers where sales in May of this year are down 9% from 2023 but the median prices are up 9%.

By looking at data for the year to date, the sporadic ups and downs can be smoothed a bit. This shows a more complete picture of what the market is doing in comparison to last year. In summary, the first five months of the year show a 10% growth in sales for the Beach cities, accompanied by a 6% increase in the median price.

Early projections for June indicate an annual decline from the same month last year sales of over 15% and a price increase of nearly 20% in the Beach area. If these preliminary estimates hold true, there will be some serious hand-wringing among the financial community.

Harbor: More of the Same

Like the Beach area, month to month statistics for the Harbor area have been very volatile this year. The number of sales in May climbed 8%, after falling 4% in April. May’s median price was up 9% following a 1% increase for April.

Year over year, sales volume was down 15% compared to May of last year, while the median price jumped 18%. This follows the general trend of declining sales and increasing prices. Theoretically, the declining sales will induce sellers to reduce their asking price, which will then translate to a reduction in the current inflation rate.

With the year to date sales volume dropping by 5% the interest rate increases would appear to be working. But the increase in median price by 8% for the first five months of 2024 throws cold water on the idea that inflation in real estate is going away.

More of the same is projected for June with a drop of 15% in sales and an increase of 5.5% in median price.

Hill: Sales Volume and Median Prices Up

Only 66 homes sold on the PV peninsula in May, compared to 64 in April, so the 3% increase in sales volume is not terribly consequential. Likewise the 1% growth in median price from $1.93M to $1.95M.

As mentioned in previous articles, activity levels on the Hill are small, so it only takes a minor change to look statistically important. For example, 65 home sales in May of 2023 versus 66 in May of 2024 is only one more home sold, but represents a 2% growth in volume. Even more so, the $2.3M median price from May of 2023, which is an exceptionally high monthly median price in PV under any circumstances, makes the 15% decline to $1.95M look huge in 2024.

In reality, the May median price is actually higher than the year to date median of $1.93M and higher than all but the March median of $1.98M. January through May sales volume is up 4% and the median price is up 11%, very much like the rest of the South Bay.

June sales are projected to decline slightly with a modestly elevated median price.

Inland: Sales Up and Prices Up

From April to May the number of homes sold in the Inland area declined by 5%, much as the Beach area sales volume transacted. Unlike the Beach and PV, where median prices ended barely positive, the median increased by 7% in the Inland area. That hefty increase mirrored the Harbor area lift of 9% month over month in the median price.

A 6% increase in the volume of homes sold and a 7% rise in the median price from May of 2023 to this May deviated from the other areas. It displayed a stronger than expected sales volume, especially considering the Beach and Harbor areas were deeply negative. At the same time the median price showed a slower increase than either the Beach or the Harbor.

Year to date for the first five months of 2024, the Inland area showed an increase of 8% in the number of homes sold, and a solid 6% increase in the median price. All in all, an investment in one of the inland cities would have been a good performer in May.

That investment is projected to still be sound in June, with a small decrease in the number of homes sold and a similar increase in the median price.

Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo
Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City
PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates
Inland=Torrance, Lomita, Gardena

Photo by Tim Cook on Unsplash

How To Prepare For Moving Day

You may think that if you hire movers to do your moving for you, you can just sit back and relax while they take care of everything. Unfortunately, that’s not the case. Even if you choose to make your next move with professional movers, there will still be plenty to do on moving day while the professionals do the heavy lifting.

Some of the work can and should be done ahead of time, but you still need to make sure it’s settled by moving day. This includes making a plan for kids or pets, establishing where the movers should park, and ensuring the movers have access to everywhere they will need to reach. You may also want to set aside some items that you intend to transport yourself, whether it’s because you don’t want them to break, you don’t want them stolen, or you simply want to retain access to them during the moving process.

You can’t rest when the moving process begins, either. It’s true that you don’t want to get in the way of the movers doing their job. And obviously, the best way to get out of the movers’ way is to simply not be there. But you also need to be available in case of questions or concerns. Not to mention that you probably want to keep an eye on the movers in case they do something shady, or just innocently misinterpret your instructions.

There are also tasks to complete after the movers are finished. First of all, make sure they took everything they were meant to take, and didn’t take things you intended to leave behind. Do a thorough check for small personal items that could be overlooked or fall on the floor. The property should also be cleaned after the movers finish, whether you do the cleaning yourself or schedule professionals.

Photo by Markus Spiske on Unsplash

Can You Make An Offer On A Pending Property?

The short answer is yes, you can. This would be called a backup offer. However, it may not be worth your time, unless you’re very invested in the property. To understand why, let’s take a look at what a pending sale actually means, and what making an offer on a pending sale looks like.

When a property has the “sale pending” status, what it means is that the seller has accepted an offer, but the sale hasn’t yet been finalized. There are potentially several steps before a sale can be finalized, which can include contingencies, inspections, appraisals, and negotiations. Inspections and appraisals always take time, but may not be required. Not all sales have contingencies, but they come in multiple forms, some of which could take a long time — such as waiting for the sale of another property to close.

So while you could submit an offer on a pending property, not even the seller can know whether they will be able to accept it for a potentially extended period of time. If the pending sale falls through, they may accept or reject it, or want to negotiate further. Even if all of that works out, the property will then be pending with your offer. If you’re on any sort of time constraint, it’s probably not worth it. Furthermore, most pending sales don’t fall through, and half the potential reasons it could may reveal major issues with the property that might result in you not wanting it anymore.

Photo by Oliur on Unsplash

Coming Up at the Grand Annex

Jimmy’s Buffet

Fri, May 31, 2024
8:00 PM
Doors 7:00 PM

This show is also available on Saturday, June 1 at 8 PM.

Calling all Parrot Heads! Celebrate the music and vibes of – you guessed it! – Jimmy Buffett. Experience a truly authentic Buffett sound with 12 of California’s best musicians.

The Grand Annex will transform into a tropical beach party as Jimmy’s Buffet honors their captain’s timeless legacy. Complete with congas and steel drums, the band will serve up a full catalog of hits, as well as a few surprises. Look forward to a Trop-Rock sensation!

Bella & Rudy
with Sudden Strangers

Fri, Jun 14, 2024
7:00 PM
Doors 6:00 PM

Rudy Rios (guitar/vocals), Bella Gomez (lead vocals), Isaac Sharp (bass), Jack Ghekiere (guitar).

Sudden Strangers, an indie rock band from San Pedro, California, comprises Bella and Rudy on vocals, Jack on drums, and Isaac on bass. United by years of friendship and shared roots in their local community, their music reflects their deep connection and mutual passion. From local shows to larger stages such as the Whisky A Go Go, they have created a fun and youthful environment. Thanks to the best and most supportive community, Sudden Strangers is ready to rock the stage with you all on June 14th.

Pro Songwriters Showcase – May 2024

Teresa James and the Rhythm Tramps coming up this Tuesday! Gonna be a rocking time! This band is grammy nominated and have been touring all over the world and we are lucky to have ’em at the All Pro Songwriters Night, Tuesday, May 21, 2024 from 7-9pm. Playing drums for them will be multi-award winning drummer/producer Tony Braunagel…get there early to get a seat…for more information on Teresa and the Tramps go to

The Law of Supply and Demand

South Bay:

Could it be that after several years of insanely steep ups and downs in the real estate market, we’re finally starting to see normal sales levels and prices? One could draw that conclusion after looking at the year to date statistics for the first four months of 2024 compared to last year. Instead of crazy double digit increases and decreases the rate of change has slowed to single digits almost everywhere.

The Beach cities have been the exception with a 19% growth in the number of homes sold through April compared to 2023. That compares to an average across the South Bay of 4% growth. That’s a good sign, but sales are still off by about 20% compared to the same period in 2019, the last year of “normal business” prior to the economic turmoil of the pandemic.

Median pricing continues to escalate also, though at a much reduced pace. For the first four months of 2024, year to date median prices increased in the 5%-9% range. This is a considerable drop from price jumps of as much as 29% seen just a few months ago.

Looking back at the historical data shows that when the pandemic first hit median prices were operating on a relatively normal upward path. Monthly gains were modest fractions of a percent. Then the Federal Reserve slashed the interest rates to keep the economy moving, and the median price shot through the ceiling with monthly increases frequently topping 30%.

August of 2022 saw a price peak and median prices have been falling since. There’s a lot of resistance on the part of sellers, of course. But the sales volume remains low by historical standards, and buyers are demanding price cuts to compensate for the higher mortgage interest rates, if nothing else.

Expect to see mixed results over the coming months as prices and interest rates ebb and flow around a fluctuating political scene, both nationally and internationally.


Monthly sales volume took an insane 55% leap at the Beach in April, after having fallen 1% in March. Seeing the median price plummet by 13% for the same period helps to explain the shift. It’s an isolated example of the push and pull of prices and interest rates. Buyers will remain constrained in their ability to purchase, either by rates, or by artificially inflated prices, until sellers reach a “need to move” point where they are willing to reduce asking prices.

Year over year sales show a similar response in the comparison to last April—a 31% growth in number of homes sold against a 1% decline in the median price.

Trends are better demonstrated in the year to date statistics. Looking at the first four months of 2024 and comparing to the same period in 2023 shows the sales volume increased by 19% while the median price increased 5%

Making the same comparison between 2019 and 2024 shows a 32% decline in the number of homes sold this year. Median price is sharply higher by 43%.


The Harbor area appears to be stabilizing ahead of the other South Bay areas. April sales volume declined at the Harbor by 4% versus sales in March, while median prices increased 1%. Smaller monthly movement, especially in price, is essential to reduce inflation and put the real estate economy back on a solid footing. It’s hard to argue that inflation is near 2% annually, while real estate prices are escalating at several times that goal.

Clearly there’s still a ways to go considering the April 2024 volume had zero growth compared to last April, and is still 24% below April of 2019. The median price has a similar issue being up 7% over April 2023, while holding at 44% above April of 2019.

Year to date, 2024 versus 2023, the number of home sales is off by 1% and the median price is up 8%. The elephant in the room is the constantly increasing median price, which is pushing up hard against the Fed’s inflation battle. The price keeps going up because the inventory is exceptionally limited. There were 18% fewer homes sold year to date in 2024 than in 2019. The limited selection compared to the pent up demand pushed the median up some more.

Anecdotally, many pundits point to the extremely low interest rates of the pandemic years as a big driver for the low inventory and bidding wars. Home owners who refinanced to rates well below 5% are reluctant to sell those properties and take up new loans at often double the interest rate. Consequently, homes that would have gone on the market are now artificially being held off the market.


As usual, home sales on the Palos Verdes peninsula have been all over the map in recent months. The number of homes sold in April climbed 28% compared to March, when it jumped 39% versus February, when sales dropped 14%. The median price started with 0% change in January and has yo-yoed it’s way through the first four months, ending down 3% in April from March.

While monthly sales statistics are often sporadic on the Hill, comparing April this year to the same month last year, shows a 28% increase in the number of sales and a corresponding 3% increase in the median price.

Year to date numbers for Palos Verdes were more mundane, with the number of sales for the first four months up 5%. In the same time frame, median prices were up by 9%.

Compared to year to date 2019, PV sales volume was down 9% while prices were up 42%.


Business in the Inland cities looks very much like business on the Peninsula right now. Month over month sales volume is growing at 8%—that’s positive because the market needs more inventory! At the same time monthly median prices are dropping by 5%—also positive because interest rates are not going back down to the record-breaking levels of the pandemic! Many of the transactions in the Inland area are entry level buyers embarking on their first home purchase. High prices and steep interest rates work against success for both sellers and buyers in that market.

Year over year sales volume increased at 34%, the kind of activity needed to stabilize the local market. Even with that increase in business, the median price pushed upward by 4%, double the Fed target.

Year to date sales volume is up 9% and median price is up 6%.

Wrapping it Up

It’s going to take some juggling to get more sellers onto the marketplace. And it’s going to require coordination with having able buyers there at the same time. Pundits are betting the Fed will engage in “brake-tapping” until after the Federal election. In the months just before the election interest rates will drop enough to encourage sellers to trade up, and allow buyers to qualify for financing. Those steps would enhance the increasing inventory being seen now. Then in the new year the brakes will be applied again to prevent inflation in the spring buying season. Of course, the outcome of the election promises to influence the market under any circumstance.

Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo
Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City
PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates
Inland=Torrance, Lomita, Gardena

Photo by Dez Hester,

What Is A Buyer Agency Agreement?

When a buyer and an agent enter into an agreement for the agent to represent the buyer in the purchase of a home, that agreement is called a buyer agency agreement. If the agent is not performing per the agreement, the buyer may cancel the agreement by providing written notice to the agent. It is important for the buyer to make sure the right conditions are outlined in the agreement. A buyer agency agreement usually spells out the duties the agent has towards the buyer in finding and closing on a home. The buyer can participate in negotiating the terms of the agreement.

Buyer agency agreements have typical term lengths of 90 days but can be negotiated for any length. A buyer can specify the kind of property being sought so the agent keeps on track during their search. The terms of the agent responsibilities should also include negotiating on behalf of the buyer and making sure the sales transaction successfully closes.

Photo by Amy Hirschi on Unsplash

Create A Summer Vacation In Your Own Home

As summer is about to start, you might be thinking about summer vacation. Or, you may be lamenting that you can’t go anywhere this summer. Fortunately, you don’t have to. Transforming your own backyard into a getaway paradise is easier than you think. Not only will it bring the vacation to you, but it could also actually increase the value of your home if you’re looking to sell.

Typically, vacations are all about relaxing and getting away from your everyday reality. If you have a private yard, you can achieve this simply by adding outdoor seating and some plants. This will give it the feel of a private vacation. Of course, choose plants that are easy to take care of, otherwise it won’t feel like a vacation.

If you prefer for your summers to be filled with friends and fun, there are multiple ways to achieve that. Better yet, they’re often upgrades that you can take advantage of at any time, as well as investments in your home’s value in the future. If you like outdoor cooking and dining, consider an outdoor wood oven, paired with low-maintenance seating and hardscaping. If you like games, think about mini bowling or golfing, or maybe a pool table. For those who just like to sit, talk, and relax, a fire pit and ambient lighting could be perfect.

Photo by Brian Wangenheim on Unsplash

Advantages To Buying A Fixer-Upper

Most buyers never consider purchasing a property that isn’t in a livable condition. And in many cases, there wouldn’t be much benefit to it, since they are planning to live there. But if you think of the purchase as an investment in your future, there could be advantages — that’s why most people who do purchase fixer-uppers are investors.

It should come as no surprise that fixer-uppers tend to cost less than move-in ready homes of a similar size, lot area, and location. But this isn’t the correct way to look at the investment. What it also means is that you can find properties in need of fixing with a larger lot or better location than a move-in ready home for the same price. Furthermore, the property continues to yield a return on investment as you upgrade, repair, and remodel. You end up with a property that has equal or potentially higher value than similar properties, while paying a fraction of the cost and building equity the entire time. It also might drive up the area’s desirability, further increasing property values overall, including your own.

Financial benefits aren’t the only reason to buy a fixer-upper. Though you won’t get as much freedom as with buying an empty plot of land, fixer-uppers still have a lot of flexibility in what sort of changes you can make. Even major additions and remodels can be done without needing to worry about building an entirely new foundation. If you have the means and the imagination, it’s not too far off from being a newly designed and built home with a much lower initial investment cost. Even if you don’t make too many or too significant of changes, it can be a learning experience if it’s not something you’ve done before — particularly if you choose to do some DIY repairs.

Photo by Magnus Jonasson on Unsplash