Torrance and South Bay Real Estate Blog

Redondo Beach Foreclosure Update

Mon, 23 Nov 2009 09:26:47 -0600

As of today, 11/23/09, there are only 3 active foreclosure (REO) listings in Redondo Beach. Not much to choose from! In addition, there are 4 bank owned homes already under contract.

In October, total of 7 bank owned homes sold at the average price of $586,129. Average DOM (days on the market) was just 16 days. Foreclosure listings are in high demand, they sell quickly after usually generating multiple offers, which results in sales over asking price. Average listing price was $575,114; avg selling price - $586,129.

Total of 3 bank owned homes sold in October '08, at average price of $691,333. Average listing price was $703,167 a year ago. Also, it took much longer to sell a foreclosure lisitng - avg DOM was 42 days.

Lower prices, combined with newly extended and expanded Homebuyer tax credit of $8000 and $6500, create a high demand for foreclosure, bank owned homes in the Redondo Beach area.

If you're interested in buying a foreclosure in Redondo Beach or in the South Bay, please call me at (310)918-5027 today! I'll be glad to help!

Torrance CA Foreclosure Update

Sun, 22 Nov 2009 17:23:56 -0600

As of today, 11/22,09, there are only 6 active foreclosure (REO) listings in Torrance. 31 REO homes are currently under contract. Foreclosure lisitngs stay on average 30 days on the market. A lot of those listings end up with multiple offers and sell above asking price. Here is more date to back it up:

In October 2009, total of 16 foreclosure homes were sold at the average selling price of $377,982. The average listing price in that period was $374,939.

The number of foreclosures in Torrance dropped drastically this year compared wiith the same period last year. There were 32 foreclosure sales in October 2008 vs. only 16 sales in October '09. Average foreclosure selling price was $391,895 in October '08 vs. $377,982, which translates into the 3.6% price drop. All information quoted in this article is based on MRMLS (local multiple listing service).

In summary, the number of foreclosure listings in Torrance has dropped by about 50 percent, compared with the same perior last year. The demand for those foreclosures is high and they sell quickly. More buyers want to take advantage of the new expanded homebuyer tax credit before it expires in April 2010.

If you want more information on buying Torrance foreclosures and taking advantage of $8000 or $6500 homebuyer tax credit, call me at (310) 918-5027 today! I'll be glad to help!

Visit http://www.ISellSouthBay.com and browse all Torrance and South Bay CA homes for sale!

Torrance Homebuyers Benefit From Expanded Tax Credit

Wed, 11 Nov 2009 19:42:02 -0600

Buying a Torrance home just got easier with a new Homebuyers Tax Credit bill, which was signed into law last week. The bill extends the tax credit for first-time homebuyers (FTHBs), as well as opens it up to current homeowners who are looking to buy. And even if you aren't looking to purchase - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I'll be happy to be of service to them.

Here is a brief overview of the Homebuyers Tax Credit - and its benefits - based on the new bill.

Tax Credit for First-Time Homebuyers

FTHBs (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Tax Credit for Current Homeowners

The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines?

In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010. Those in the military do have some special extensions on the timelines available.

What's So Great About a "Tax Credit"?

The benefit of a tax credit is that it's a dollar-for-dollar benefit, rather than a "tax deduction", or reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a first-time homebuyer who qualified for the entire benefit were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.

Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little or no income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

Higher Income Caps

The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible.

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price

Qualifying buyers may purchase a property with a maximum sales price of $800,000.

Remember, the new tax credit program includes a number of details and qualifications. Call or email today if you have questions or would like to see if you can benefit from the tax credit...and email this article along to anyone else you feel it might benefit as well!

If you know anyone looking to buy their first Torrance or South Bay home at a time when prices and interest rates are at 3-5 year lows, or if you are thinking of buying another home and getting the new $6,500 credit please contact me today!!

Call (310)918-5027 now!

Torrance Real Estate Market Update - October 2009

Tue, 10 Nov 2009 11:56:06 -0600

The Torrance average sales price decreased by 1.2 percent in October 2009 compared to October 2008, bringing the average price to $513,136The number of sales went down significantly. This drastic drop in sales last month, after continuous increase over last few months, might be a result of a decrease in the number of foreclosure sales in Torrance. Please note the number of sales is still larger on the month to month basis.

Torrance	Sold Listings	Average Sales Price	Average DOM
October 2009	120	$513,136	45
October 2008	243	$519,368	50

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales, on the month to month basis, in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and rose in February, March and May and continued to rise as follows: December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395, June '09 - $506,104, July '09 - $508,543, August '09 - $505,433, September - $525,829.

If you're interested in seeing a similar market report for your specific area of Torrance, or any area in the South Bay, please call me at 310-918-5027 or email at info@ISellSouthBay.com and I'll be glad to provide this report via e-mail or in person

What price could you sell your home in the current market for? Please contact me anytime and I'll furnish a market report for your property at no cost to you!

Redondo Beach Real Estate Market Update - October 2009

Mon, 09 Nov 2009 11:29:23 -0600

The Redondo Beach average sales price in October 2009 decreased by 8.8 percent compared to the same period a year ago, bringing the average price to $736,797. The number of sales went up by 4 sales to the total of 63 sales.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
October 2009	79	$736,797	66
October 2008	75	$807,595	71

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639. Average price went up again in August '09 to $744,190 and in September to $779,487.

For a no-cost market report in your area or neighborhood, please call Krystyna Baty - your local realtor - at 310-918-5027 today!

Or visit www.SouthBayHouseValues.com for confidential property value report which will be delivered to your e-mail.

Visit www.RedondoBeachRealEstateOnline.com for all of your Redondo Beach & South Bay needs, including Free MLS Search.

Redondo Beach Market Update - September 2009

Wed, 07 Oct 2009 20:13:13 -0500

The Redondo Beach average sales price in September 2009 decreased by 3 percent compared to the same period a year ago, bringing the average price to $779,487. The number of sales went down dramatically to the total of 63 sales.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
September 2009	63	$779,487	80
September 2008	136	$797,111	54

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Despite this recent drop, sales average property price in Redondo Beach over last few months have increased and reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639. Average price went up again in August '09 to $744,190 and in September to $779,487.

If you want to learn more about South Bay real estate, please contact me at 310-918-5027.

For more Redonod Beach real estate information, free MLS search, market updates and more please visit my Redondo Beach Real Estate Blog.

Torrance Real Estate Market Update - September 2009

Wed, 07 Oct 2009 19:59:21 -0500

The Torrance average sales price increased by 0.5 percent in September 2009 compared to September 2008, bringing the average price to $525,629. The number of sales increased by 10.3% Y-O-Y to 114 closed sales.

Torrance	Sold Listings	Average Sales Price	Average DOM
September 2009	107	$525,629	55
September 2008	97	$522,843	65

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and but it rose in February, March and May and continued to rise as follows:December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395, June '09 - $506,104, July '09 - $508,543, August '09 - $505,433, September - $525,829

For more information or to request a market report for your area please call Krystyna at (310)918-5027

The Village and Oceanfront Homes in Redondo Beach

Fri, 02 Oct 2009 23:44:19 -0500

The area of Redondo Beach known as The Village, or Seascapes I, II and III offers the finest in resort living. Located near the Redondo Beach pier and a short walk to both King Harbor and the beaches of Redondo, these upscale condominiums offer a resort feel, fantastic views of the Pacific Ocean, Catalina, and the beaches. This is South Bay living at its finest.

The Village in Redondo Beach lies along North Catalina Avenue in South Redondo Beach, between Garnet and Beryl, overlooking the famous Redondo Horseshoe Pier. The project consists of large condominium structures and apartment units.

Seascape I was built in 1978 and consists of 119 units total. Seascape is situated on the far South Side of Catalina near the entrance to the pier.

Seascape II, was built in 1980 and consists of 171 units.

Seascape III, was also built in 1980 and the 58 units are mostly condominium style, with a few townhome units mixed into the Seascape project. these units are larger than the other mentioned properties.

Enjoy miles of beautiful beaches, wonderful weather, and stunning ocean views!

Below are currently listed homes for sale in the Village, on the Esplanade, in the Avenues, Hollywood Riviera as well as other Redondo Beach ocean front single family homes, townhomes and condos.

Click on any property address below for additional information, pictures and virtual tours. Contact Krystyna Baty at 310.918.5027 - your Redondo Beach expert with any questions, or to request a property showing.

Hollywood Riviera California Real Estate and Homes For Sale

Mon, 21 Sep 2009 22:29:59 -0500

One of the most charming neighborhoods in all of the South Bay is the hillside community of the Hollywood Riviera. Part of both Redondo Beach and Torrance, Hollywod Riviera is a community primarily of one story original homes often offering incredible ocean views, the lush greenery and the Mediterranean atmosphere.

The area lies in a "hillside overlay" district meaning approval from the city and neighbors must be granted to build up and obstruct the views. It is this approval process that generally keeps the area from experiencing the "mansionization" often found in other parts of the South Bay. Much of the architecture in the community is Mediterranean in style, especially the original homes, which were built in the late 1920s and early 1930s.

The original developer of the Hollywood Riviera was entranced by the movie business and felt that the seaside properties would be a natural location for the Hollywood "set" to buy and build. A few movies were made in the thirties and few smart producers bought properties, but the Hollywood scene never materialized. What did materialize are delightful cluster of shops, restaurants, café bistros and galleries known as the "Riviera Village".

If you're considering moving into this wonderful neighborhood, call or email me. I'll be glad to help!

Search MLS For Current Hollywood Rivera Homes For Sale

Find Your Hollywood Riviera Home's Values

Search Hollywood Rivera Homes and Condos by Property Type

Single Family Homes

Condos & Townhomes

Free standing 3 Bd/2.5 Lomita Townhouse - Great location!

Wed, 16 Sep 2009 16:54:22 -0500

25831 Cypress St., Lomita, CA 90717

Located on a quite cul-de-sac street in the best part of Lomita - South of PCH, adjacent to Rolling Hills

Property features:

* 3 Bd/ 2.5 Baths; 1347 sq ft of living space*free standing townhouse (no common walls)*attached 2 car garage with direct access
*large fenced backyard
*cathedral ceilings

*low HOA - $130

Please call me at (310)918-5027 with any questions or to arrange showing.

More info on www.ISellSouthBay.com

Please call Krystyna Baty at (310)918-5027 or via email kmbaty@aol.com with any questions

Visit www.ISellSouthBay.com for Free MLS, Free South Bay Home evaluation or to find your new Lomita and South Bay California home!

Torrance Real Estate Market Update - August 2009

Wed, 16 Sep 2009 16:18:36 -0500

The Torrance average sales price decreased by 5.6 percent in August 2009 compared to August 2008, bringing the average price to $505,433. The number of sales increased to 114 closed sales.

Torrance	Sold Listings	Average Sales Price	Average DOM
August 2009	114	$505,433	67
August 2008	113	$533,890	64

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices

Average home price in Torrance continued to slide till January and rose in February, March and May as follows: December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395. We then saw a slight reversal of the upward trend. Average price decreased slightly to $506,104 in June and $508,543 in July. It remained in that same range in August.

If you have any questions re. this report, or would like to receive a free market report for your house or area, please call me at (310)918-5027 or send me an email. I'll be glad to help!

Search Torrance Homes and Condos For Sale by Price Range:

All Listings	Under $250,000	$250,000 - $400,000
$400,000 - $500,000	$500,000 - $600,000	$600,000 - $700,000
$700,000 - $800,000	$800,000 - $900,000	$900,000 - $1,000,000
Over $1,000,000

Torrance foreclosures

Redondo Beach Real Estate Market Update - August 2009

Tue, 15 Sep 2009 11:41:48 -0500

The Redondo Beach average sales price in August 2009 increased by 5.8 percent compared to the same period a year ago, bringing the average price to 744,190. The number of sales went down by 2 sales.

Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
August 2009	73	$744,190	83
August 2008	74	$703,296	64

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

There are indications that Redondo Beach home prices have stabilized. Here is how the average home price changed over the last few months - Average home price was $749,974 in January 2009; it went down again in Feb to $653,411. It went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639. Average price went up again in August '09 to $744,190.

If you want to learn more about Redondo Beach and South Bay real estate, please contact me at 310-918-5027 or visit www.RedondoBeachRealEstateOnline.com today!

Redondo Beach Real Estate Market Update - July 2009

Sun, 23 Aug 2009 19:05:51 -0500

The Redondo Beach average sales price in July 2009 decreased by 12.7 percent compared to the same period a year ago, bringing the average price to $713,638. The number of sales increased by 26%.

Redondo
Beach Sold
Listings Average
Sales Price Average
DOM

July 2009 73 $715,638 71

July 2008 58 $819,378 59

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.
Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to $713,346 and it increased to $715,639. If you want to learn more about South Bay real estate, please contact me at 310-918-5027.

To begin searching for Redondo Beach and Los Angeles County homes, please use our Los Angeles County MLS search .

Call Krystyna - your Redondo Beach Realtor at (310)918-5027 or e-mail Krystyna@ISellSouthBay.com

IT'S A GREAT TIME TO BUY! Prices have gone down and interest rates are low - contact me and I'll help you find your dream home! Curious about home sales in your neighborhood? Click here!

Torrance Real Estate Market Update - July 2009

Wed, 19 Aug 2009 13:54:48 -0500

The Torrance average sales price decreased by 11.4 percent in July 2009 compared to July 2008, bringing the average price to $5508,543. The number of sales increased to 118 closed sales - 11.3 increase in volume!

Torrance	Sold Listings	Average Sales Price	Average DOM
July 2009	118	$508,543	118
July 2008	106	$574,163	106

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037, May '09 - $514,395, June '09 - $506,104, July '09 - $508,543.

If you want to learn more about South Bay and Los Angeles County real estate, please contact me at 310-918-5027

Visit www.TorranceRealEstateOnline.com for all of your Torrance Real Estate needs!

To begin searching for Los Angeles county homes, please use our Los Angeles County MLS search

Get FREE Home Evaluation

Walteria Real Estate Market Update - 1st HALF of 2009

Fri, 24 Jul 2009 12:01:09 -0500

Here is the latest Walteria market report from www.WalteriaProperties.com

In the 1st half this year, 19 homes sold in Walteria, with the avg price of $665,205 compared with 25 homes sold a year ago and the avg price of $690,834.
Average DOM (days on the market) was 84 days compared with 62 days in the same period a year ago. Prices dropped on average 3.7% and sales dropped as well. Sales were much stronger in other parts of Torrance - see Torrance real estate market update.

Torrance-Walteria Sold
Listings Average
Sales Price Average
DOM

1st 6 MOS 2009 25 $665,205 84

1st 6 MOS 2008 19 $690,834 62

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Walteria sales picked up in May.

Get FREE Home Evaluation

Recently sold in Walteria

Please call your local Walteria real estate expert - Krystyna Baty at 310-918-5027 or visit www.WalteriaProperties.com for all current Walteria real estate information.

Visit www.TorranceRealEstateOnline.com for latest Torrance real estate news, free MLS, free Torrance home evaluation and much more...

Redondo Beach CA Real Estate Market Update - June 2009

Tue, 21 Jul 2009 11:43:25 -0500

Redondo Beach Real Estate Market Update

The Redondo Beach average sales price in June 2009 decreased by 3.7 percent compared to the same period a year ago, bringing the average price to $713,346. The number of sales dropped by 2 sales.

Redondo
Beach Sold
Listings Average
Sales Price Average
DOM

June 2009 65 $713,346 69

June 2008 67 $740,622 76

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Sales in Redondo Beach over last few months reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. Average price in May was $734,942 and dropped 3% in June to 4713,346. If you want to learn more about South Bay real estate, please contact me at 310-918-5027. To begin searching for South Bay and Los Angeles County homes, please use our Los Angeles County MLS search . Visit http://www.isellsouthbay.com/redondo-beach-ca-real-estate.html to search Redondo Beach by area, zip codes, property type etc.

IT'S A GREAT TIME TO BUY! Prices have gone down and interest rates are low - contact me and I'll help you find your dream home! Curious about home sales in your neighborhood? Click here!

Torrance CA Real Estate Market Update - June 2009

Mon, 13 Jul 2009 16:30:35 -0500

The Torrance average sales price decreased 4.5 percent in June 2009 compared to June 2008, bringing the average price to $506,104. The number of sales increased to 107 closed sales an 8 increase in volume! Grea

Torrance	Sold Listings	Average Sales Price	Average DOM
June 2009	107	$506,104	72
June 2008	99	$529,705	57

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.

For more information on Torrance or Greater South Bay real estate please contact local expert - Krystyna Baty at 310.918-5027

For Free Torrance and Southern California MLS visit http://www.TorranceRealEstateOnline.com

For all of your South Bay CA real estate needs please visit http://www.ISellSouthBay.com

Redondo Beach Market Update - May 2009

Thu, 18 Jun 2009 13:38:21 -0500

Redondo Beach Real Estate Market Update

The Redondo Beach average sales price in May 2009 decreased by 6.7 percent compared to the same period a year ago, bringing the average price to $734,942. The number of sales dropped by 35 percent. May seems to be an exception in the overall upward trend in the South Bay and overall Southern California sales volume in the last few months.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
May 2009	55	$734,942	103
May 2008	85	$878,490	64

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785.

If you want to learn more about South Bay real estate, please contact me at 310-918-5027.

To begin searching for South Bay and Los Angeles County homes, please use our Los Angeles County MLS search .

IT'S A GREAT TIME TO BUY! Prices have gone down and interest rates are low - contact me and I'll help you find your dream home! Curious about home sales in your neighborhood? Click here!

Torrance CA Real Estate Market Update - May 2009

Wed, 10 Jun 2009 13:43:34 -0500

The Torrance average sales price decreased 10.1 percent in May 2009 compared to May 2008, bringing the average price to $514,395. The number of sales increased to 96 closed sales a 23% increase in volume! Meanwhile, the average market time decreased from 69 days a year ago to 68 days last month..

Torrance	Sold Listings	Average Sales Price	Average DOM
May 2009	96	$514,395	68
May 2008	78	$566,442	69

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.

Although avg April '09 - $458,037, May '09 - $514,395 price in May was lower than a year ago, it is higher than last month by 12.3%. April average price was at $458,037. It's difficult to say if this is a trend because overall prices in Torrance and in the Greater South Bay area are skewed downward. This is due to the fact that the number of lower priced bank owned properties dominate high end properties. High end inventories are very low and so are sales in prime, high priced areas.

For more information on Torrance, beach cities and greater South Bay real estate, please visit http://www.ISellSouthBay.com or http://www.TorranceRealEstateOnline.com

Walteria Real Estate Market Update - May '09 vs. May '07

Fri, 05 Jun 2009 18:43:18 -0500

Median sold price in Walteria in May '09 was down by 25% compared with May 2007.

The number of sold properties in Walteria was up 33% while the average month supply is drastically down by 32%. Inventory peaked in January 2008 and it is very low at this time. This is mainlyt a result of increased sales in the last few months - for details see report posted on http://www.WalteriaProperties.com

For more up-to-date information on Torrance-Walteria & Greater South Bay real estate please call me at 310.918-5027 or visit http://www.WalteriaProperties.com

Redondo Beach Real Estate Market Update - April 2009

Wed, 13 May 2009 21:35:54 -0500

Redondo Beach Real Estate Market Update

The Redondo Beach average sales price in April 2009 decreased 8.5 percent compared to same period a year ago, bringing the average price to $763,785. The number of sales increased by 17 percent.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
April 2009	56	$763,785	90
April 2008	48	$834,302	72

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Sales in Redondo Beach reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135 and it increased again in April to $763,785. We continue to see a drastic sales volume increase - 17% increase from a year ago. This is in line with all of Souther California sales volume numbers. If you want to learn more about South Bay real estate, please contact me at 310-918-5027 .

To begin searching for South Bay and Los Angeles County homes, please use our Los Angeles County MLS search .

IT'S A GREAT TIME TO BUY! Prices have gone down and interest rates are low - contact me and I'll help you find your dream home! Curious about home sales in your neighborhood? Click here!

Torrance CA Real Estate Market Update - April 2009

Wed, 13 May 2009 21:30:49 -0500

The Torrance average sales price decreased 24 percent in April 2009 compared to April 2008, bringing the average price to $458,037. The number of sales increased to 91 closed sales a 20% increase in volume! Meanwhile, the average market time increased from 76 days a year ago to 91 days last month..

Torrance	Sold Listings	Average Sales Price	Average DOM
April 2009	91	$458,037	71
April 2008	76	$601,600	65

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Average home price in Torrance continued to slide till January and rose in February and March as follows: November 2008 - $790,493, December 2008 - $478,307, January 2009 - $451,563, February 2009 - $477,944, March 2009 - $519,707, April '09 - $458,037.
If you want to learn more about South Bay and Los Angeles County real estate, please contact me at 310-918-5027 To begin searching for Los Angeles county homes, please use our Los Angeles County MLS search

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Torrance CA Real Estate Market Update - March 2009

Sat, 11 Apr 2009 11:17:25 -0500

The Torrance average sales price decreased 7 percent in March 2009 compared to March 2008, bringing the average price to $519,707. The number of sales remained the sale at 74 closed sales. Meanwhile, the average market time increased from 69 days to 72 days in 2008.

Torrance	Sold Listings	Average Sales Price	Average DOM
March 2009	74	$519,707	72
March 2008	74	$556,564	69

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

If you want to learn more about South Bay and Los Angeles County real estate, please contact us at 310-918-5027

To begin searching for Los Angeles county homes, please use our Los Angeles County MLS search

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Redondo Beach Real Estate Market Update - March 2009

Sat, 11 Apr 2009 11:12:58 -0500

The Redondo Beach average sales price in March 2009 decreased 32.8 percent compared to same period a year ago, bringing the average price to $712,135. The number of sales increased by 48 percent.

Redondo Beach	Sold Listings	Average Sales Price	Average DOM
March 2009	65	$712,135	73
March 2008	44	$945,784	60

All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Sales in Redondo Beach reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices. Home prices may have stabilized - November 08 avg Redondo Beach home sold at $790,493, in December 2008 avg home price was $714,310, and it went up to $749,974 in January 2009; it went down again in Feb to $653,411. Average price went up in March '09 to $712,135. We continue to see a drastic sales volume increase - 48% increase from a year ago. This is in line with all of Souther California sales volume numbers. If you want to learn more about South Bay real estate, please contact us at 310-918-5027 .

To begin searching for South Bay and Los Angeles County homes, please use our Los Angeles County MLS search .

IT'S A GREAT TIME TO BUY! Prices have gone down and interest rates are low - contact me and I'll help you find your dream home! Curious about home sales in your neighborhood? Click here!

Walteria Real Estate Market Update - 1st QTR 2009

Sat, 11 Apr 2009 10:59:22 -0500

In the 1st Qtr this year, 6 homes sold in Walteria, with the avg price of $611,150 compared with 10 homes sold a year ago and the avg pric of $757,095.
Average DOM (days on the market) was same as a year ago - 78 days. Prices dropped on average 23.8% and sales dropped as well. Sales were much stronger in other parts of Torrance - see Torrance real estate market update.

Torrance-Walteria	Sold Listings	Average Sales Price	Average DOM
1st QTR 2009	6	$611,150	78
1st QTR 2008	10	$757,095	78

*All stats are compiled from the Multi Regional Multiple Listing Service. Information is deemed reliable but not guaranteed.

Increased sales in Torrance reflect a stabilization of the South Bay real estate market as home buyers respond to increased affordability and more moderate prices.

Visit http://www.isellsouthbay.com/walteria-ca-real-estate.html for more information on Torrance -Walteria CA Real Estate and up to date real estate market updates!

If you want to learn more about South Bay and Los Angeles County real estate, please contact us at 310-918-5027 To begin searching for Los Angeles county homes, please use our Los Angeles County MLS search Get FREE Home Evaluation

Recently sold in Walteria
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