Live Music at the Grand Annex

Taylor Made Tapestry

Sat, Nov 09, 2024,
Doors at 7:00 PM
Music at 8:00 PM
Tickets

In November of 2007, Carole King and James Taylor performed at the Troubadour in honor of its 50th anniversary. The concert was a reunion of the two artists, who performed regularly together at the West Hollywood rock club in the early ‘70s.

Honoring the legacy of both performers and their legendary musical collaboration, Stephen Bock of the stellar James Taylor tribute band Taylor Made joins forces with Carla Buffa of the popular Southern California Carole King tribute band Sweet Seasons.

Windy Sings Whitney & Wine Tasting🍷

Sat, Nov 16, 2024
Doors at 7:00 PM
Music at 8:00 PM
Tickets

Chicago native and our very own San Pedro local, Windy Barnes returns to the Annex to grace the stage with the music of Whitney Houston, followed by a full set of some of the best songs of the 1970s.

Zepparella

Fri, Nov 22, 2024
Doors at 7:00 PM
Music at 8:00 PM
Tickets

Experience the classic rock of Led Zeppelin in the intimate setting of the Grand Annex. “To be able to get swallowed up by these songs in a smaller venue is where the power is,” says Clementine, Zepparella’s founder and drummer.

Hear favorites like “Dazed and Confused” and “Whole Lotta Love” and less often covered songs like “The Rover.”

Kyshona

Sat, Nov 23, 2024
Doors at 7:00 PM
Music at 8:00 PM
Tickets

Kyshona blends blues, soul, rock and folk to express uplifting themes of hope and empowerment. Her 2024 album Legacy is a moving musical manifestation of her own genealogical research, incorporating choir performances and sermons from her family archive. The Boston Globe and The Tennessean have praised how Legacy plays with various genres originating in early African American history to call back to and honor Kyshona’s ancestors.

Live Music – Andy & Renee and Hard Rain

The Lighthouse

30 Pier Avenue,
Hermosa Beach, CA 90254
310-376-9833

Andy & Renee play as a duo every Tuesday from 5:30pm to 7:30pm.

Andy & Renee and the full Hard Rain band will perform Sunday, Oct 27th and Dec 29th  from 2:00pm to 5:00pm.

Banana Leaf & Beach Cities Social House

1408 S Pacific Coast Highway,
Redondo Beach, CA 90277

Andy & Renee play every Thursday from 6:30pm to 9:00pm, October performances are scheduled for Thursday, Oct 10, 17, 24, & 31 from 6:30pm to 9:00pm

Terranea Lobby Bar

100 Terranea Way,
Rancho Palos Verdes, CA 90275

Andy & Renee will perform as a duo on Saturday, Oct 19 and on Monday Oct 28 from 7:00pm to 11:00pm

King Harbor Yacht Club

200 Yacht Club Way,
Redondo Beach, CA 90277

Andy & Renee will perform as a duo for a Members Only party Friday, October 25th, 6:00pm to 9:00pm.

Holiday Cookie House Concert

Andy & Renee accompanied by Marty Rifkin on the pedal steel perform at this annual event. In addition to the music, and the typical buffet, there will be generous helpings of Renee’s homemade cookies!

Sunday, Dec 1 @ 5:00pm at the home of Renee Safier & Patrick Summar, 516 N. Francisca Ave., Unit C, Redondo Beach, CA 90277

Tickets available soon!

New Year’s Eve Party with Hard Rain

You don’t want to miss Andy & Renee and the Hard Rain Band for this New Year’s Eve extravaganza. An evening of music and merriment at the Grand Annex with champagne for all!

Tuesday,, Dec 31 @ 8:00pm at The Grand Annex, 434 W. 6th St., San Pedro, CA 90731.

Tickets and info at https://grandvision.org/event/andy-renee-hard-rain-new-years-party/

South Bay Home Sales Flat on Rising Prices

At the end of the third quarter for the real estate market in the Los Angeles South Bay, 4,958 homes have sold, compared to 4,959 sold during the same period in 2023. Essentially, that is 0% growth. Median prices, however, have climbed over 5%, despite the high interest rates.

Sales activity across the South Bay was mixed, though in a narrow range. The Inland area saw 2% fewer home sales on a year to date basis than last year. At the same time, the Palos Verdes Peninsula gained 2% over 2023. The Beach area was up 1%, while the Harbor area came in flat.

Median prices during the first nine months of the year recovered the losses of the same period in 2023. Last year, median prices fell nearly every month from January through September, only beginning to recover growth in September. This year the median price has shown a strong increase since the beginning, ranging from 4% for the Inland area to 8% for the homes on the Hill. The Beach and Harbor areas rose with 7% and 6% respectively.

It looks like this winter is going to continue the wild ride. The Federal Reserve lowered the prime interest rate by half a point in September. Then, after a positive employment report for September, mortgage lenders raised their advertised rates back up to where they were in mid-August! The national election will undoubtedly have it’s own impact, even here in our relatively placid part of the world.

Among the early market indicators which may give us a hint of where the market is headed, one not commonly discussed is the number of homes which don’t sell. The comparison is established by looking at the number of home listings which are expired, cancelled or withdrawn from the market versus those which closed escrow. During the first three quarters of 2024, out of 6,179 homes on the market, 4,958 of those sold. At the same time, 1,221 or, 20% of the total, failed to sell. These percentages are not significantly different than a normal year.

In a high turn-over market such as that of 2021, at best one might expect as little as 12% to not sell versus a slow-moving market where one might expect as much as 25% to fall off the market unsold. It would be fair to say the local market for real estate is languishing, but it appears to remain afloat despite volatile news in all corners of the world. The next issue of this newsletter will arrive after the national elections. There should be more to talk about then.

Beach: Sales Lag and Prices Leap

With 114 homes sold in September, the Beach Area sales jumped up 21% above August figures. The median price likewise took a 5% leap to $1,790,000 in monthly sales.

Comparing September 2024 home sales to the same month in 2023 reveals a less dramatic shift. The number of homes sold is 6% greater this year and the median price increased by 7%.

Year to date sales volume of 849 homes at the Beach showed a modest 1% increase over the first nine months of 2023. Monthly variations have been as high as 33% and as low as -27% during the first three quarters making the cumulative 1% value a bit of a surprise. Equally surprising in light of the 1% growth in the number of homes sold, is the 7% increase in median price to $1,787,500 for the same period of time.

Harbor: Sales Slow, Median Prices Up

Monthly sales in the Harbor area totaled 317 units in September, a 9% increase over the number sold in August. At the same time, the median price for Harbor area homes dropped 3% to $760,000.

Looking at year over year sales for the month of September showed a 27% growth in home sales over 2023 and a 2% increase in median price.

During the first three quarters of 2024 2,559 homes were sold in the Harbor area, compared to 2557 last year, registering as a 0% change. The median price for year to date sales came in at $780,000, a 6% increase over the same period in 2023.

Hill: Plenty of Red Ink

August was a particularly busy month in Palos Verdes real estate, so the 11% drop in sales volume for September was somewhat expected. Falling from 53 homes sold to 47 is a short fall, but the marketplace on the Hill is small, so percentages escalate quickly. The median price also took a nosedive from $2,150,000 to $1,700,000, a 21% drop. Interestingly, those prices are the highest and the lowest in PV for 2024.

September of last year was exceptionally strong on the PV Peninsula, both in terms of sales volume and price. As such, the relatively anemic sales of September 2024 brought lots of red ink. The number of homes sold fell by 16%, while the median price came down 13%

Year to date, PV has had five positive months and four negative months. Cumulatively, the Hill has a 2% increase in the number of homes sold, going from 481 last year to 491 this year. During the same nine months, the median price moved up 8% ending at $1,950,000 for the period.

Inland: Mixed Results on YTD Activity

Month to month home sales in the Inland area were modestly positive. With 128 units sold in September, the volume was up 9% from August activity. The median price gained 1%, coming in at $882,500 for the month.

Comparing September of 2023 to this September brings a 2% decline in the number of homes sold. The median price for the same comparison also dropped 2%.

The first nine months of the year arrived with 2% fewer sales than the same period last year. The Inland area was the only part of the South Bay to fall in sales volume or median price so far in 2024. Year to date the median price rose 4% above 2023, to $899,990 the slowest growth of the South Bay areas.

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 Rachel Cook on Unsplash

Why August Home Sales Look So Bad

Monthly sales of homes across the South Bay dropped an average of 15% in August, with volume falling off as much 27% on the Hill and 20% at the Beach. Annual sales volume was likewise down by 15%. But, it’s really not all that bad. August saw a confluence of unique events making sales volume look more depressed than it really was.

At least three factors played into the numbers. July of this year showed very elevated sales compared to earlier months in 2024 and compared to August. That brought the line down for August.

Then, August was a particularly strong month for sales in 2023, which made this year’s more average numbers look like a slippage.

Added to those mathematical twists is contemporary psychology. The Fed is widely expected to drop the interest rates in September, so buyers are standing back, waiting an extra month or so to save dollars and/or buy more house.

The year to date sales volume tells a truer story. Home sales across the South Bay are off 1% from 2023. The percentages range from -3% in the Harbor area to 4% on the Hill. Generally speaking, sales this year have come in fits and starts with the up and down movement balancing out for the year to date.

As one would expect, median prices were down from this July, though not quite as dramatically as the drop in sales would imply. The median moved up 8% in PV, while the other areas dropped roughly 10%. (It’s worth noting that the low volume of business on the Hill gives rise to highly variable statistics.)

Looking back to August of last year, shows a much tamer comparison to the change in median price. The increase ranges from 1% at the Beach to 4% in the Harbor, with PV–the frequent outlier–at a 26% increase in the median.

With eight months of data now available, the year to date median price is beginning to show moderation from the highs of earlier this year. The Beach and Inland areas are at a 6% increase over last year, while the Harbor area is at 8% and Palos Verdes is showing 11%. If lower mortgage interest rates materialize, that could boost both sales volume and median prices this fall. At the same time, the hotly contested presidential election may keep a lid on the market until winter.

Beach: Not a Good Month

Showing only 94 homes sold for the month of August, the Beach cities took a 20% dive from July sales volume. At the same time, the median price dropped 9% for the month to $1,7M.

Topping the 20% fall from July, year over year August sales were off a whopping 26% from July of 2023. Median prices, on the other hand, rose a modest 1% over the same month last year.

As mentioned earlier, the year to date numbers are more indicative of where the current market is headed. The number of homes sold for the first two thirds of the year registered positive (barely–with a 0.13% increase). Over the same period of time, the median price at the Beach has risen 6%.

The falling sales volume coupled with the increasing median price is fallout from the troubling economic issues that arrived concurrent with the pandemic. Much of the developed world was on the precipice of a recession when the pandemic occurred. The response to the medical threat pushed the financial danger to the side and now we’re looking at the aftermath of all those events.

Harbor: Mostly Down

The Harbor area looked very much like the Beach in August, albeit with slightly less dramatic swings. On sales of 290 homes, the month over month volume dropped 8%. That matched exactly an 8% decline in the median price from July transactions.

Comparing to the same month last year, Harbor area homes sales dropped off by 12% from July last year. The decline was accompanied by a 4% increase in median price from July of 2023.

Year to date statistics for the Harbor area came in more constrained than the month to month and year over year numbers. For the first eight months of the year, the number of homes sold slipped by 3%, while the median price escalated by 8%.

Hill: Looking Up

Sellers on the Hill created some radically varied numbers in August. The number of homes sold fell from July even more than at the Beach, coming in at a mere 53 units, for a 27% decline in sales volume. But, those buyers pushed the median price up to $2.15M for a 7% increase while the rest of the South Bay fell by as much as 13%.

The numbers look even better when comparing August sales to the same month last year. Sales volume was up 8% over August of 2023. Median price was up a shocking 26% over last year. A more detailed look shows August was the lowest median price of the year, after February.

Once again, the year to date perspective offers the calmest view of the real estate market. Through August, residential sales were up 4% over the same period in 2023. Median price was up 11%.

Inland: More Down Than Up

Following the trend line, the Inland area moved down from July. Sales volume fell 18% to 117 homes. Concurrently, the median price dropped 13% to $875K.

The number of sales fell by 21% from August of last year, showing continuing impact from high mortgage interest rates and reduced inventory. As with the rest of the South Bay, many sellers are holding property off the market. Many are waiting for more favorable interest rates for their buyers and on their replacement home. Some took advantage and financed at interest rates below 3% and won’t be back in the market for years.

Insert 202408_revenue_comparison_2019.png

Sales from January through August show 2024 down 2% from 2023 in number of homes sold. Median price for the same period reflect an increase of 11%.

What About the Fed?

The Federal Reserve Bank will be meeting later this week to discuss a reduction in the baseline interest rate. Because financial indicators are showing a weakening economic environment, most pundits expect the Fed to approve a drop of .25-.5% from the overnight rate. Most lending institutions have already reduced rates in anticipation of a change. If approved, lenders will hold mortgage interest rates at about where they are positioned today. If not, fixed rates will go back up to about 7%.

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 Pedro Lastra on Unsplash

Andy & Renee and Hard Rain

Andy & Renee-The Lighthouse
TUESDAYS @ 5:30PM — 7:30PM
The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254
310 376-9833

Andy & Renee-Banana Leaf
THU, SEP 12 & 26@ 6:30PM — 9:00PM
Banana Leaf & Beach Cities Social,
1408 S Pacific Coast Hwy, Redondo Beach, CA 90277

Andy & Renee-House Concert -Agoura Hills, CA
MON, SEP 16 @ 7:00PM — 10:00PM
Home of Steve Berman & Sandy Lessner,
4032 Defender Dr., Agoura Hills, CA 91301
Doors-6p, Music 7-10p.
$20 donation requested. Get tickets at https://andyandrenee.com/tickets-tips-merch.
BYOB

Andy & Renee-Belle Epoque
THU, SEP 19 @ 7:00PM — 9:00PM
Belle Epoque,
265 Avenida Del Norte, Redondo Beach, CA 90277
310-316-4302

Andy & Renee-Terranea Lobby Bar
FRI, SEP 20@ 7:00PM — 11:00PM
Terranea Lobby Bar,
100 Terranea Way, Rancho Palos Verdes, CA 90275

Andy & Renee & Hard Rain-Day Of Peace Celebration with Jane Goodall
SAT, SEP 21 @ 10:00AM — 4:00PM
Point Fermin Park, 807 Paseo Del Mar, San Pedro, CA

Celebrating United Nations International Day of Peace & Jane Goodall’s 90th Birthday. Eco Festival, Food Trucks, Parade of Giant Peace Dove Puppets. Band plays 11am-1:30pm, plus a bit afterwards. Bring your beach chair, water bottles & blankets. For parking & Free Shuttle info, go to peacedayla.org.

Andy & Renee & Hard Rain-The Lighthouse
SUN, OCT 27 & DEC 29th @ 2:00PM — 5:00PM
The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254
310 376-9833

Andy & Renee & Hard Rain-New Year’s Eve Party
TUE, DEC 31 @ 8:00PM
The Grand Annex,
434 W. 6th St., San Pedro, CA 90731
Get tickets and info at https://grandvision.org/event/andy-renee-hard-rain-new-years-party/

Jodi Siegel’s Songwriter Showcase for September

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: THE MOJO MONKEYS AND JODI SIEGEL

THE MOJO MONKEYS

Mojo Monkeys is the labor of love of three veteran Los Angeles musicians: Singer/Drummer David Raven, Bassist Taras Prodaniuk and guitarist Billy Watts. Individually, they’ve logged time in the studio or onstage with such notable artists as: Lucinda Williams Keith Richards, Norah Jones, Dwight Yoakam, Bruce Springsteen, Bonnie Raitt, June Carter Cash, Mike Ness, Steve Jones of the Sex Pistols, Dixie Chicks, Geoff Muldaur, John Trudell, Richard Thompson, Jim Lauderdale, Peter Himmelman, Buck Owens, T-Bone Burnett and many, many more. They are the first call A-list session players in Los Angeles, play in multiple local and touring bands and are all at the top of their game! These guys have made multiple records that combine their swampy bluesy rockin’ music with smart lyrics, killer singing and playing…they draw from many sources but sound like no other!

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. https://projectbarley.com/ 2308 Pacific Coast Hwy, Lomita, CA 90717  

Live at the Grand Annex In September

A 150-seat cabaret venue run by Grand Vision in the heart of San Pedro’s thriving arts district. Enjoy state-of-the-art sound enhancing a unique listening experience, complemented by a commitment to community. Many wonderful restaurants are nearby and beverages are available throughout the show.

T Sisters
& Wine Tasting🍷

Sat, Sep 21, 2024
8:00 PM
Doors 7:00 PM
Tickets

Twins Rachel and Chloe Tietjen and their older sister Erika offer up potent lyricism and catchy melodies from stunning a cappella harmonies to pop to groovy indie folk.

The sisters’ contemporary yet classic sound invites comparisons to modern family bands like the Avett Brothers and First Aid Kit. With their soaring sibling harmonies, sassy stage presence and inventive songwriting, these three sisters bring a soulful take on folk/Americana music.

In 2019, T Sisters participated in American Musicians Abroad, a selective State Department-sponsored program fostering diplomacy through music. The sisters performed and conducted workshops in the Middle East and North Africa emphasizing girls empowerment and the role of music in creating social awareness and change.

Rachel (vox, guitar, banjo), Chloe (vox, percussion) and Erika (vox, guitar) are all songwriters in their own right and switch off on lead vocals. While their voices blend seamlessly, each has a distinct singing and writing style that results in an eclectic repertoire unified by a landscape of close harmonies.

🍷Pre-Concert Wine Tasting
Taste fine wines. Wine Tastings are led by professional sommelier, Jean-Philippe Molinari.

Pre-Concert Wine Tastings are free to Grand Vision members at the Friend, Champion, VIP Circle, Arts Advocate, and Performing Arts Patron level – up to two per household, $16 per person for all others. Concert tickets are required to participate. Members’ tasting tickets must be redeemed in advance. Tastings begin one hour before the show, please arrive no later than 30 minutes into the tasting to participate.

Deja Vu The Music of Crosby, Stills, Nash & Young

Sun, Sep 22, 2024
4:00 PM
Doors 3:00 PM
Tickets

Ray Koukal assumes the role of David Crosby, Steve Elowe takes on the role of Stephen Stills, Jim Wootten steps into the shoes of Graham Nash, and Devitt Feeley embodies the spirit and musicianship of Neil Young.

Together, their dedication to capturing the essence of these rock icons’ sound and performance makes Deja Vu an unmissable experience for fans of this legendary group.

Transport yourself on a nostalgic journey through faithful renditions of CSNY’s iconic hits, including “Teach Your Children,” “Helpless,” “Suite: Judy Blue Eyes,” “Love the One You’re With” and more.

Sean Lane & the Hellhounds

Sat, Sep 28, 2024
8:00 PM
Doors 7:00 PM
Tickets

Delta blues, hill country and driving rock ‘n roll from local master slide guitarist and his power quartet.

Sean Lane is a singer-songwriter who plays solo-acoustic Delta style blues and also fronts a four-piece electric combo. Sean Lane & Hellhounds are a dynamic blues band that aren’t afraid to blend in a little rock. Their sound has been described as “blues on steroids.”

Sean started The Hellhounds as a Delta blues slide guitarist and vocalist, writing original songs in the style of the old Mississippi masters and blending it with the intensity of Blues-Rock. With Sean on lead guitar, Jon Poli on drums, Doug Swanson on bass and Jed Ojeda on rhythm guitar, they are a true Blues-Rock powerhouse. Based out of Los Angeles with roots in the South, The Hellhounds are all about blending old tradition with modern innovation to create. Their music is beyond standard Chicago blues here; it’s raw, powerful, and distinctive.

J2B2 (John Jorgenson Bluegrass Band)
& Wine Tasting🍷

Fri, Oct 04, 2024
8:00 PM
Doors 7:00 PM
Tickets

The John Jorgenson Bluegrass Band (J2B2) showcases impeccable musicianship, incomparable songwriting, incredible harmony vocals and seasoned showmanship. The band combines the “high lonesome sound” of bluegrass with elements of West Coast folk rock and Americana.

https://youtube.com/watch?v=6gb8n0riHCo%3Fsi%3Dm2XX7dJElCnr9QsX

John Jorgenson (acoustic guitar/mandolin/vocals) first came to national attention in the mid ‘80s with successful country-rock act The Desert Rose Band, which he co-founded alongside Chris Hillman and fellow J2B2 member Herb Pedersen. In 2008, Jorgenson won a Grammy for Best Country Instrumental with Brad Paisley and was nominated for Best Bluegrass Album with Earl Scruggs. He has also worked as Elton John’s guitarist and alongside Bonnie Raitt and Bob Dylan.

John Jorgenson returns to the Grand Annex, 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.

Herb Pedersen (banjo/acoustic guitar/vocals) has been a member of over five bands, including The Desert Rose Band, during his sixty-year music career. He has worked on countless film and TV scores, and collaborated with music legends such as Earl Scruggs, Emmylou Harris and Linda Ronstadt.

Mark Fain (bass) is a seven-time Grammy winner who has produced for many artists across the jazz, country, bluegrass and gospel genres; he has also toured and recorded with the Chicks, Alan Jackson, John Fogerty and Dolly Parton.

Patrick Sauber (acoustic guitar/vocals) has toured with Peter Rowan and Laurie Lewis, and appeared on screen in the mockumentary musical “The Mighty Wind.”

🍷Pre-Concert Wine Tasting
Taste fine wines. Wine Tastings are led by professional sommelier, Jean-Philippe Molinari.

Pre-Concert Wine Tastings are free to Grand Vision members at the Friend, Champion, VIP Circle, Arts Advocate, and Performing Arts Patron level – up to two per household, $16 per person for all others. Concert tickets are required to participate. Members’ tasting tickets must be redeemed in advance. Tastings begin one hour before the show, please arrive no later than 30 minutes into the tasting to participate.

Peace Frog The Music of the Doors & Jim Morrison

Sat, Oct 05, 2024
8:00 PM
Doors 7:00 PM
Tickets

https://youtube.com/watch?v=4urLvrMLMJ8%3Fsi%3DUZaElfW4z2wvy9FI

Based out of Venice, California, this highly acclaimed act recreates the magic, intensity, and rock theater of Jim Morrison and The Doors. Mystical and hypnotic, the band transforms any room into an actual Doors concert experience. Lead singer Tony Fernandez lives out every move of Jim Morrison on stage and delivers a powerful recreation of true likeness in his presence, vocals, and spirit.

The four-piece band also includes James Sinigalliono on keyboard and bass, Tyler Thigpen on guitar and Tom Gold on drums. Hear intoxicating renditions of “Hello, I Love You,” “Light My Fire,” “L.A. Woman,” “The End” and many more Doors classics.

Coming Up At The Grand Annex

A 150-seat cabaret venue run by Grand Vision in the heart of San Pedro’s thriving arts district. Enjoy state-of-the-art sound enhancing a unique listening experience, complemented by a commitment to community. Many wonderful restaurants are nearby and beverages are available throughout the show.

Greenwich Village Coffeehouse
Andy & Renee and Guests

Saturday, September 7, 8 PM
TICKETS

Classic rock and folk hits of NYC’s Greenwich Village. Hear the music of
Bob Dylan, Joan Baez, Pete Seeger and more. With guests Marty Rifkin,
Joel Raphael, Dave Crossland and James Lee Stanley.

Mustangs of the West

Friday, September 13, 8 PM
TICKETS

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

David Robert Pollock
Variety Hour

Saturday, September 14, 8 PM
TICKETS

Singer-songwriter David Robert Pollock hosts talent from LA’s indie music scene – reminiscent of a ’70s variety series like “The Dean Martin Show” – but with a thrilling, dark comedy twist.

T Sisters and Girl Power

Saturday, September 21, 8 PM
🍷Pre-Concert Wine Tasting 7 PM
TICKETS

With soaring sibling harmonies and their signature sassy stage presence, these sisters sing a combo of Americana, folk and country.

Deja Vu
A Musical Retrospective of CSNY

Sunday, September 22, 4 PM
TICKETS

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

Jodi Siegel – Songwriter Showcase

7-9PM, Tuesday, August 20, 2024
Project Barley Brewery
2308 Pacific Coast Hwy, Lomita, CA 90717  

THIS MONTH’S AUGUST SONGWRITER SHOW IS GONNA BE EPIC! MY BUDDIES FROM MASON SOUTH (PHIL PARLAPIANO, DOUG HAMBLIN, LYNN COULTER) WILL BE MAKING A RARE LOS ANGELES  APPEARANCE AND I FOR ONE AM SO EXCITED TO HEAR THEM AND YOU WILL BE TOO! ALSO APPEARING FOR THE FIRST TIME IS THE WONDERFUL PI JACOBS. THIS IS HER FIRST TIME COMING DOWN AND YOU’RE GONNA LOVE HER! -Jodi

Mason South

MASON SOUTH is an Americana, blues, roots trio; Phil Parlapiano, Doug Hamblin and Lynn Coulter. All three have been sidemen to some of the industry’s most legendary and respected musicians like; Albert King, John Prine, Rod Stewart, Dixie Chicks and many more. LA’s Mason South began ‘as a sideman’s side project’ in the early 2000s and continues today in trio format.

Louisiana-born percussionist/vocalist Lynn Coulter brings his unique swampy feel and soulful vocals. He has been a constant presence on the LA music club and session scene. Lynn has performed/recorded with Rita Coolidge, Carole King, Paul Butterfield and Smokey Robinson and many others.

LA native Phil Parlapiano is a true multi-instrumentalist—organ, piano, mandolin, guitar, accordion and pretty much anything else that’s left lying around the studio. He is a first call session player and recently ventured into acting as well! Phil has toured and recorded with John Prine, Carlene Carter, Lucinda Williams, Iris DeMent…the list is very long

Bay Area born guitarist Doug Hamblin has played everything from new wave power pop (Jo Allen and The Shapes) to folk and rock. His debut album of original blues on the indie label Blueprint Records reached Billboards’ Top Ten and earned him a Blues Artist of the Year BAMMY nomination. Since relocating to LA in the 90s Doug has performed/recorded with artists as diverse as Dr John, Southside Johnny Lyon, Steve Miller Band, Johnny Rivers and Stephen Stills.

Together these three gifted performers move thru a deep catalog of their own original songs that span a wide variety of styles they like to call a “100% American Blend—Rock, Soul, Country, Blues.

Pi Jacobs

Pi Jacobs draws inspiration from her unconventional upbringing in “The Land of Weed and Wine” aka Northern California. Blending roots-rock swagger and storytelling soul, her music has drawn comparisons to Tom Waits, Dolly Parton, and Lucinda Williams. She has been heard on NPR, DittyTV, Austin Music TV, Americana Highways, American Songwriter Magazine, and regularly on tastemakers KCSN, WFUV and stations across the nation. 

Jodi Siegel

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.

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.

South Bay Real Estate Bonanza

July brought a bonanza—of sorts—to real estate in the Los Angeles South Bay. Sales volume, which had been falling below last year for three of the last four months jumped up 20%. Granted, July was an unusually slow month in 2023, compared to most years including 2024.

Month over month showed a comparable increase. Total sales volume was up 6% from June to July. The only negative for monthly sales was in the Harbor area where activity was off by 8%.

More importantly, year to date through July, sales volume was up 1% across the South Bay compared to the same period in 2023. With over half the year past already, some growth is a positive sign. This close to November on a presidential election year, one would expect the market to be looking better than it has been.

In fact, The number of homes being sold has still not recovered from the pandemic. Sales this July were 22% fewer than they were in July of 2019! As discussed previously, because the mortgage interest rates were temporarily at rock bottom, about 40% of the homeowners in California currently are “trapped in a mortgage they can’t afford to leave.” This promises to maintain downward pressure on home sales for the better part of a decade. Paradoxically, the reduced inventory is contributing to rising prices.

More homes were being sold in July, and they were being sold for greater prices. Annual increases in the median price were up 15% in entry level neighborhoods. At the Beach and on the Hill median prices didn’t reach quite as high, but were still more than 10% above July of 2023.

Monthly pricing showed the contrast between high end and entry level homes more clearly. In the Beach area the median dropped 3% from June, while on the Peninsula, there was no change in the median price. In contrast, the Harbor and Inland areas rose 6% and 5% respectively over June numbers.

Comparing the first seven months of this year to last year shows inflation continues to plague the real estate economy. Median prices rose in a range between 6% and 9% in the South Bay during the period.

Beach: Highest YTD Sales Volume Increase

Sales in the Beach cities jumped from 90 homes in June to 118 in July for a massive 31% monthly increase. This was matched by a 30% annual increase over July of 2023. Month to month statistics, as well as same month last year comparisons have shown tremendous variability this year.

The rapid fire changes precipitated by the pandemic, and subsequently by the Federal Reserve in an effort to keep the economy under control, created wild swings in the number of homes sold. At the same time the shifts in median price were less frequent and considerably less wide-ranging.

Today, looking at the year to date summaries for both, sales volume and median price, the numbers have moderated greatly. Sales volume at the Beach measured against last year has ranged from negative 27% to positive 33%. That huge range smoothed out to 6% growth in the year to date view.

Likewise, the median price, which has been a bouncing ball, declined 3% from June and increased by 11% over July of last year. Comparing the year to date from 2023 to 2024, the median settled in with a 6% increase for the longer term perspective.

Harbor: Highest YTD Median Price Growth

Monthly sales volume in the Harbor area fell 8% to a total of 316 homes sold in July compared to 342 sold in June. Annual sales moved the opposite direction, rising 17% from July of 2023 to July this year. For the first seven months of 2024 sales have fallen 1% compared to the same period last year.

Median prices had fallen 6% in June and have reclaimed that loss with a 6% growth in July. The new median, $848,500, is a 15% improvement over July of 2023. Year to date the median price is up by 9% in the Harbor area over the same seven month period in 2023.

Interestingly, every month this year has been a growth month for the year over year median price at the Harbor. The lowest increase has been 4% in March and again in June. The highest has been 18% in both February and May.

Hill: Highest Median Price In South Bay

Monthly data for the PV Peninsula came in with 73 homes sold for a 22% increase in volume over June. Annually, sales showed a 46% increase over July of 2023, a welcome change from the 24% drop in June vs June numbers. Year to date sales posted a 4% increase in volume over the same seven months in 2023.

PV registered a 12% annual increase in median price to $2,015,000 in July, so far the highest median in the South Bay for 2024. It doesn’t quite reach the $2,300,000 of May, 2023, but is one of the more impressive months in recent years. The monthly increase from June was negligible, but the timing in 2023 coincided with a downward shift in median sales prices. So, the change shows up as a 8% increase in the year to date median.

Inland: Median Price Hits $1,000,000 First Time

Sales volume for the Inland area jumped in July—up 15% month to month for a total of 142 homes sold, and up 9% since July of last year. Being past the halfway point of the year boosts the value of the the year to date statistics which come in at a mere 2% through July.

At the same time, the July median sales price for the Inland cities climbed 15% above July 2023 and hit $1,000,000 for the first time! Last year’s number was pretty run-of-the-mill so lends some import to this year’s improvement. The 2024 year to date median price calculation supports the strength shown by the monthly and annual numbers with a solid 7% increase over 2023.

Why Use Median?

A brief comment on median price and why it’s often used in real estate: Averages are used for a great many things in making comparisons, and for things that change frequently, averages do a great job. Medians, on the other hand, minimize the ‘jerky’ nature of averages and show directional movement better than a lot of up and down action.

A median is exactly the middle of a group of numbers, so that half are higher and half are lower. So the impact of a single outlier number shows less distortion on the longer term trend line of the values. In other words, it’s easier to see what your investment will likely be worth in 10 years.

Most of us don’t buy houses often enough to care about movement over the last 30 days. We’re interested in staying put for 10 years, plus or minus. The median trend will show us the most likely path.

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 catalina_from_wayfarers_chapel.jpg by Carl Clark

Next at the Grand Annex

MUSTANGS OF THE WEST

Friday, September 13 / 8 PM

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

TICKETS

DAVID ROBERT POLLOCK

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.

TICKETS

DEJA VU

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.

TICKETS

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.

TICKETS

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 https://youtube.com/live/5F9HlkoQwJg?feature=share. Come watch the show in person at our studio! 17411 Delia Ave., Torrance, CA 90504. LIMITED SEATING, so RSVP now to reneesafier@hotmail.com. 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 https://andyandrenee.com/tickets-tips-merch, PayPal (paypal.me/andyandrenee) or Venmo, (www.venmo.com/Renee-Safier). 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 https://andyandrenee.com/tickets-tips-merch (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

RICK SHEA

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

TONY GILKYSON

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.

BRIAN WHELAN

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

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

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: https://andyandrenee.com/tickets-tips-merch

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

Songs from The Who, The Rolling Stones & The Beatles

WED, JUL 10
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 https://youtube.com/live/flWlVBpZAlo?feature=share

Come watch the show in person at our studio! 17411 Delia Ave., Torrance, CA 90504. LIMITED SEATING, so RSVP now to reneesafier@hotmail.com. 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 https://andyandrenee.com/tickets-tips-merch, PayPal (paypal.me/andyandrenee) or Venmo, (www.venmo.com/Renee-Safier). 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

ON TOUR THE MONTH OF AUGUST!

COLORADO, IDAHO, OREGON, WASHINGTON, BRITISH COLUMBIA AND NORTHERN CALIFORNIA!

DETAILS TBA!

Summer Sizzles at the Grand Annex

Ali Coyle
with Danielle Lande, Mary Ives

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

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
Tickets

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
Tickets

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

Coming Up at the Grand Annex

Jimmy’s Buffet

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

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
Tickets

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 https://teresajames.com/home

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.

Beach:

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%.

Harbor:

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.

Hill:

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%.

Inland:

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, https://unsplash.com/@dezhester