Wayne Craig - Estate Properties

Wayne Craig - Estate Properties Local agent and lifetime resident specializing in Residential, Investment and Vacation Property

Open House Sunday May 31, 2026 | 2 PM – 4 PM 2413 Curtis   Redondo BeachIt’s the weekend, and what better way to spend i...
05/30/2026

Open House Sunday May 31, 2026 | 2 PM – 4 PM

2413 Curtis Redondo Beach

It’s the weekend, and what better way to spend it than by touring a stunning new construction townhome!

Join me Sunday from 2 PM to 4 PM at 2413 Curtis .

This beautiful brand new exceptional townhome has 4-bedrooms, 3.75 -bathrooms and seamlessly blends sophisticated style, advanced technology, and everyday comfort to create an unparalleled living experience.

See you soon!





Courtesy of the listing agent Devra Zandell.

Open House Saturday May 23, 2026 | 2 PM – 4 PM 2413 Curtis   Redondo BeachIt’s the weekend, and what better way to spend...
05/22/2026

Open House Saturday May 23, 2026 | 2 PM – 4 PM

2413 Curtis Redondo Beach

It’s the weekend, and what better way to spend it than by touring a stunning new construction townhome!

Join me Saturday from 2 PM to 4 PM at 2413 Curtis .

This beautiful brand new exceptional townhome has 4-bedrooms, 3.75 -bathrooms and seamlessly blends sophisticated style, advanced technology, and everyday comfort to create an unparalleled living experience.

See you soon!





Courtesy of the listing agent Devra Zandell.

11/11/2025

🏡 Palos Verdes Peninsula Market Report – November 2025

📊 Regional Takeaway
• 🏠 Pricing: Strength in Palos Verdes Estates and Rancho Palos Verdes offsets declines in Rolling Hills Estates.
• 📈 Inventory: Mixed, with supply tightening in luxury tiers but expanding in mid-range markets.
• ⏳ Market Pace: Days on market trending upward across the Peninsula.
• 💵 Sales Activity: Fewer closings overall, consistent with seasonal slowdown.

Despite softer momentum, the Palos Verdes Peninsula remains a top-performing coastal market, driven by limited land, high demand for ocean-view properties, and a strong base of owner-occupants.

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🌄 City-by-City Breakdown

Palos Verdes Estates
• Median Sales Price: $3,425,000 ⬆️ 30.4%
• Days on Market: 65.5 ⬆️ 198%
• Median Price per Sq. Ft.: $964 ⬇️ 6.2%
• Sales Ratio: 19.2% ⬇️ 6%
• Inventory: 52 ⬇️ 17%
➡️ Significant price rebound compared to earlier in the year, though homes are taking longer to sell; demand remains strong for move-in-ready properties.
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Rolling Hills
• Median Sales Price: No sales recorded this month
• Days on Market: —
• Median Price per Sq. Ft.: —
• Sales Ratio: 0% ⬇️ 8%
• Inventory: 12 ⬇️ 8%
➡️ With no November closings, activity is temporarily paused; expect new listings early 2026 as luxury sellers re-enter the market.
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Rancho Palos Verdes
• Median Sales Price: $1,825,000 ⬆️ 10.6%
• Days on Market: 23 ⬆️ 21%
• Median Price per Sq. Ft.: $728 ⬆️ 2.8%
• Sales Ratio: 21% ⬆️ 3%
• Inventory: 176 ⬇️ 2.8%
➡️ Solid price growth and stable activity; still one of the most accessible and active submarkets on the Peninsula.
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Rolling Hills Estates
• Median Sales Price: $1,550,000 ⬇️ 15.4%
• Days on Market: 28 ⬇️ 33%
• Median Price per Sq. Ft.: $674 ⬇️ 16.9%
• Sales Ratio: 12.5% ⬇️ 17%
• Inventory: 40 ⬆️ 18%
➡️ Noticeable month-over-month decline due to smaller home sales; rising inventory creating better conditions for buyers.

11/11/2025

🏡 South Bay Market Report – November 2025

📊 Regional Takeaway

• 🏠 Pricing: Mixed trends — modest gains in Torrance, stability in Hermosa, and softening in Manhattan and Redondo.

• 📈 Inventory: Up in most areas, giving buyers more leverage.
• ⏳ Market Pace: Homes taking longer to sell, particularly at higher price points.
• 💵 Outlook: Expect a calmer winter season with continued balance between buyers and sellers as the market resets after several strong years.

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🌴 City-by-City Breakdown

Redondo Beach
• Median Sales Price: $1,507,675 ⬇️ 4.4%
• Days on Market: 13.5 ⬇️ 37%
• Median Price per Sq. Ft.: $838 ⬇️ 1.5%
• Sales Ratio: 27.5% ⬇️ 1.0%
• Inventory: 218 ⬆️ 15%
➡️ Market remains healthy with strong mid-tier demand, though sales pace is slowing slightly and listings are up compared to last quarter.

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Hollywood Riviera
• Median Sales Price: $1,475,000 ⬇️ 20.2%
• Days on Market: 9 ⬇️ 49%
• Median Price per Sq. Ft.: $929 ⬆️ 11%
• Sales Ratio: 33.3% ⬆️ 11%
• Inventory: 33 ⬇️ 8%
➡️ Noticeable dip in median pricing tied to smaller sales mix, but homes are still moving quickly; buyer activity remains solid for well-priced listings.

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Torrance
• Median Sales Price: $1,144,500 ⬆️ 7.5%
• Days on Market: 19.5 ⬇️ 17%
• Median Price per Sq. Ft.: $692 ⬆️ 0.04%
• Sales Ratio: 32.4% ⬇️ 2%
• Inventory: 290 ⬆️ 25%
➡️ One of the most active South Bay markets; moderate price growth and expanding inventory point to steady, sustainable demand.

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Hermosa Beach
• Median Sales Price: $3,862,500 ⬆️ 1%
• Days on Market: 20.5 ⬇️ 18%
• Median Price per Sq. Ft.: $1,210 ⬇️ 7.6%
• Sales Ratio: 25.7% ⬇️ 6%
• Inventory: 101 ⬇️ 23%
➡️ High-end segment holding firm with limited supply; pricing stable but fewer luxury transactions compared to mid-year.
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Manhattan Beach
• Median Sales Price: $2,075,000 ⬇️ 6.9%
• Days on Market: 50 ⬆️ 108%
• Median Price per Sq. Ft.: $966 ⬇️ 23%
• Sales Ratio: 26.9% ⬆️ 5%
• Inventory: 52 ⬇️ 19%
➡️ Cooling trend in luxury sales; properties taking longer to move as buyers become more price-sensitive heading into the holidays.



𝘾𝙤𝙢𝙞𝙣𝙜 𝙎𝙤𝙤𝙣!  𝙁𝙖𝙣𝙩𝙖𝙨𝙩𝙞𝙘 𝙈𝙖𝙧 𝙑𝙞𝙨𝙩𝙖 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙮 – 𝙈𝙞𝙙-𝘾𝙚𝙣𝙩𝙪𝙧𝙮 𝙬𝙞𝙩𝙝 𝘼𝘿𝙐Nestled on a tranquil, tree-lined street in the high...
10/31/2025

𝘾𝙤𝙢𝙞𝙣𝙜 𝙎𝙤𝙤𝙣! 𝙁𝙖𝙣𝙩𝙖𝙨𝙩𝙞𝙘 𝙈𝙖𝙧 𝙑𝙞𝙨𝙩𝙖 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙮 – 𝙈𝙞𝙙-𝘾𝙚𝙣𝙩𝙪𝙧𝙮 𝙬𝙞𝙩𝙝 𝘼𝘿𝙐

Nestled on a tranquil, tree-lined street in the highly sought-after Mar Vista neighborhood, this mid-century modern residence offers incredible potential for those looking to create their dream home. The property has evolved over the years with thoughtful additions and now features a spacious 4-bedroom, 4.5-bath main home with extended living areas a covered central patio ideal for outdoor workouts or entertaining and a fully equipped 2-bedroom, 1-bath ADU—perfect for extended family, guests, or additional income.

The large kitchen, complete with a Viking range and adjoining family area, provides the perfect space for gatherings and casual dining. The living room opens seamlessly to a welcoming backyard—ideal for outdoor living, barbecues, and relaxation.

At the rear of the property sits a detached three-car garage with direct alley access. Above the garage is a two-bedroom, one-bath ADU featuring its own private entrance, an open-concept living and kitchen area, and a large balcony overlooking the backyard—a perfect retreat or rental opportunity.

Located near major freeways, local boutiques, farmers markets, neighborhood cafés, and top-rated schools, this home combines the best of Mar Vista living.

With some care and creativity, this home can be transformed into a truly exceptional property in one of the Westside’s most desirable neighborhoods.

📢 𝗟𝗲𝗴𝗮𝗹 𝗨𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 – Rental Price GougingLos Angeles County has extended its Declaration of Emergency ...
10/26/2025

📢 𝗟𝗲𝗴𝗮𝗹 𝗨𝗽𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 – Rental Price Gouging
Los Angeles County has extended its Declaration of Emergency related to rental price gouging through November 28, 2025.

This means rental price-gouging protections remain in effect, and housing providers must continue following the rental cap restrictions tied to the emergency declaration.

⚖️ 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄:

• 𝟭𝟬% 𝗥𝗲𝗻𝘁 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗟𝗶𝗺𝗶𝘁:
Housing Providers may not raise rent by more than 10% over the most recent rent paid by a prior tenant or the amount advertised before January 7, 2025.

• 𝟭𝟲𝟬% 𝗼𝗳 𝗙𝗮𝗶𝗿 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗮𝗹𝘂𝗲 𝗥𝘂𝗹𝗲:
If a property wasn’t previously rented, owners may charge up to 160% of the HUD Fair Market Value (FMR) for that unit.

🔗 Check the latest FMR chart (updated Oct 1, 2025): HUD FMR Charts. https://www.huduser.gov/portal/datasets/fmr.html

🚫 𝗣𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀:
𝗩𝗶𝗼𝗹𝗮𝘁𝗶𝗼𝗻𝘀 — 𝗲𝘃𝗲𝗻 𝘂𝗻𝗶𝗻𝘁𝗲𝗻𝘁𝗶𝗼𝗻𝗮𝗹 — 𝗰𝗮𝗻 𝗿𝗲𝘀𝘂𝗹𝘁 𝗶𝗻 𝗳𝗶𝗻𝗲𝘀 𝘂𝗽 𝘁𝗼 $𝟭𝟬,𝟬𝟬𝟬 𝗽𝗲𝗿 𝗶𝗻𝗰𝗶𝗱𝗲𝗻𝘁.

👉 Stay informed and compliant to avoid penalties and ensure fair housing practices.



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10/20/2025

Legal Update:

New California laws relating to landlords, Realtors and condo owners have been passed in Sacramento that will go into effect shortly. Here’s a summary of the most recent changes:

🏠 AB 628 – Landlord Appliance Requirement
Beginning January 1, 2026, landlords will be required to provide both a stove and a refrigerator (in working order) in all new rental agreements or in any extensions or renewals of existing rental agreements executed after that date.

📸 AB 723 – Disclosure of Altered Listing Media
Agents will soon be required to disclose whenever digitally altered or enhanced media is used in marketing materials. This includes:
• Digitally staged photos
• AI-modified images
• Edited or adjusted floor plans, renderings, or diagrams
🏢 HOA Balcony & Exterior Element Reports
Starting January 1, 2026, Homeowners Associations will be required to provide wooden balcony/exterior element inspection reports, details of any repairs, and related assessments to buyers during escrow.

🚭 New Seller Disclosure – Smoking History
Also, effective January 1, 2026, sellers will be required to disclose whether:
• There is currently a smoker residing in the property, or
• There has ever been a smoker living in the property.



Open House Sunday October 12, 2025  | 1 PM – 4 PM 575 Esplanade Unit  #102, Redondo BeachIt’s the weekend, and what bett...
10/12/2025

Open House Sunday October 12, 2025 | 1 PM – 4 PM

575 Esplanade Unit #102, Redondo Beach

It’s the weekend, and what better way to spend it than by touring a stunning home just steps from beach!

Join me today from 2 PM to 4 PM at 575 Esplanade Unit #102 right above the beach and bike path.

This beautiful 3-bedroom, 2-bathroom open-floor town home is nicely remodeled with a luxurious primary bedroom suite, and an outdoor lifestyle just a short from Riviera Village, the Redondo Beach Pier, top-rated restaurants, and Veteran’s Park.

Stop by to say hello, and picture your life by the beach.



10/08/2025

𝗣𝗮𝗹𝗼𝘀 𝗩𝗲𝗿𝗱𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟱

📊 Regional Takeaway
• 🏠 Prices: Mostly stable to modestly lower across the Peninsula.
• 📈 Inventory: Rising in nearly every city, leading to increased buyer leverage.
• ⏳ Days on Market: Up 20–70% in most areas, signaling a slower pace.
• 💵 Sales Volume: Lower overall, particularly in luxury neighborhoods above $2M.

Overall, Palos Verdes markets are entering a balanced phase — still supported by strong fundamentals but cooling after several years of rapid growth. Buyers now enjoy more negotiating room, while sellers must price strategically.
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Palos Verdes Estates
• Median Price: $2,950,000 ⬇️ 0.9%
• Days on Market: 26 ⬇️ 3.7%
• Inventory: 65 listings ⬆️ 12%
• Closed Sales: 13
➡️ High-end market cooling slightly; steady buyer interest but longer negotiations.
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Rancho Palos Verdes
• Median Price: $1,725,000 ⬇️ 12.2%
• Days on Market: 16 ⬇️ 39%
• Inventory: 199 listings ⬆️ 22.8%
• Closed Sales: 36
➡️ Noticeable pricing correction after strong spring activity; listings trending up.
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Rolling Hills
• Median Price: $5,500,000 ⬆️ 9.0%
• Days on Market: 9 ⬇️ 95%
• Inventory: 16 ⬆️ 14%
• Closed Sales: 1
➡️ Ultra-luxury market remains niche; limited but high-value sales.
________________________________________
Rolling Hills Estates
• Median Price: $1,470,000 ⬇️ 36.1%
• Days on Market: 20.5 ⬆️ 173%
• Inventory: 48 listings ⬆️ 55%
• Closed Sales: 6
➡️ Significant short-term correction; homes taking longer to sell amid growing supply.

𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗵𝗮𝘃𝗲 𝗮 𝗳r𝗶𝗲𝗻𝗱 𝗼𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗺𝗼𝘃𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗦𝗼𝘂𝘁𝗵 𝗕𝗮𝘆, 𝗼𝗿 𝗷𝘂𝘀𝘁 𝘄𝗼𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘄𝗼𝗿𝘁𝗵 𝗽𝗹𝗲𝗮𝘀𝗲 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹.



10/08/2025

𝗦𝗼𝘂𝘁𝗵 𝗕𝗮𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝟮𝟱

📊 Regional Takeaway
• 🏠 Prices: Mostly steady with small declines inland, solid gains in coastal zones.
• 📈 Inventory: Rising, offering buyers more leverage.
• ⏳ Days on Market: Lengthening slightly, signaling a balanced shift.
• 💵 Sales: Slower pace, especially for luxury properties.
Overall, the South Bay market is transitioning from a hot seller’s market to a balanced environment, with healthy long-term fundamentals supported by strong local demand and limited supply.
________________________________________
Redondo Beach
• Median Price: $1,560,000 ⬆️ 12.2%
• Days on Market: 30 days ⬆️ 87%
• Inventory: 211 units ⬆️ 5%
• Closed Sales: 43
➡️ One of the strongest markets; prices continue to rise steadily.
________________________________________
Hollywood Riviera
• Median Price: $2,311,500 ⬇️ 8.6%
• Days on Market: 60.5 days ⬆️ 764%
• Inventory: 28 units ⬇️50.8%
• Closed Sales: 19
➡️ Lower inventory increased days on market prices slightly declining.
________________________________________
Torrance
• Median Price: $1,160,000 ⬆️ 16%
• Days on Market: 18 days ⬆️ 50%
• Inventory: 283 units ⬆️ 24%
• Closed Sales: 93
➡️ Remains one of the most active and resilient South Bay markets.
________________________________________
Hermosa Beach
• Median Price: $2,311,500 ⬇️ 8.5%
• Days on Market: 60.5 days ⬆️ 76%
• Inventory: 28 units ⬇️ 51%
• Closed Sales: 6
➡️ Luxury sales slowing; fewer high-end listings moving.
________________________________________
Manhattan Beach
• Median Price: $3,410,000 ⬆️ 0.3%
• Days on Market: 14 days ⬆️ 69%
• Inventory: 112 units ⬇️ 16%
• Closed Sales: 21
➡️ Still commanding premium values despite slower turnover.

𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝗵𝗮𝘃𝗲 𝗮 𝗳r𝗶𝗲𝗻𝗱 𝗼𝗿 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗺𝗼𝘃𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗦𝗼𝘂𝘁𝗵 𝗕𝗮𝘆, 𝗼𝗿 𝗷𝘂𝘀𝘁 𝘄𝗼𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝘄𝗵𝗮𝘁 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘄𝗼𝗿𝘁𝗵 𝗽𝗹𝗲𝗮𝘀𝗲 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹.



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Manhattan Beach, CA
90266

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