Despite a lingering dispute over a planned Carson-area high school, Los Angeles school representatives and local elected officials donned hard hats and grins Thursday to break ground on the campus.
The Carson High School drill team and marching band performed, as did first-graders from neighboring Dominguez Elementary School, while construction workers operated heavy machinery at the nearby building site.
Heavy discounting on foreclosed homes and low interest rates continued to power a homebuying spree across the West in September, sending sales of existing homes in the region soaring at an annual pace reminiscent of the days of the housing boom, according to two reports Friday.
About 100,000 existing homes and condos were sold last month in the 13-state region. Without adjusting for seasonal factors, sales were up nearly 43 percent from the same month last year, but declined 9.6 percent versus August's total, according to the National Association of Realtors.
With sharply discounted foreclosures making up a larger slice of overall sales, the median price in the West plunged almost 19 percent from a year ago to $253,600 - slightly higher than what the median was five years ago, the association said.
DailyBreeze.com By Melissa Pamer, Staff Writer October 26, 2008
Among the dozens of red-tile rooftops that now dot Rancho Palos Verdes' Long Point, workers are beginning to put the finishing touches on a massive seaside resort that has finally taken shape in recent months.
After more than a decade of planning, Terranea Resort is readying for its June debut, when all elements of the upscale pleasure dome are set to open simultaneously - including a 360-room hotel, 33 meeting rooms, 20 bungalows, 82 casitas and villas, a nine-hole golf course, three restaurants and a spa.
The California Foreclosure Institute is holding a free, two-hour workshop for investors and Realtors on how to get started finding and buying foreclosure properties on Tuesday.
The workshop from 6:30 to 8:30 p.m. is at Long Beach Main Library, 101 Pacific Ave. Reservations required. To register, go to www.ForeclosureWorkshop.net or call 310-379-0101
Los Angeles Times By Michael A. Hiltzik October 27, 2008
In a harbinger of what may be a flood of similar disclosures, City National Bank in Beverly Hills said Sunday that it would receive a $395-million capital infusion from the U.S. Treasury as part of the government's $250-billion bailout program.
The bank said it had no "explicit or implicit understanding" with federal regulators about how it would use the money -- whether to increase lending in the community or acquire a specific bank.
But Russell Goldsmith, chief executive of the bank's parent company, City National Corp., said the investment "clearly enhances our financial capacity to make acquisitions and . . . to lend to a larger degree."
With $12.2 billion in deposits, City National is the largest bank based in Los Angeles County and second-largest independent bank in California.
2 Bedrooms, 1 Baths Detached Single Family Home. 867 Sq. Ft. one story 4680 Sq. Ft. Lot Built in 1931 Association Dues: 0 2 Car Garage.
Property Features
Tile Floors
Arched Doorway To Formal Dining
Coved Ceilings
Ceiling Fan
Original Built In Cabinet In Dining Room
Faux Firelplace
Custom Paiting
Fenced Front Yard
Covered Patio
Bonus Room In Garage
Long Driveway
Lush Landscaping
Property Details
Adorable Spanish style home features tiled floors, coved ceilings, custom paint, and lots of charm! Large living room plus quaint formal dining room with built-in corner cabinet. Newer kitchen has lots of storage and cabinet space. Fenced front yard with lush landscaping plus a nice back yard with covered patio. 2 car garage currently used as bonus room with separate laundry room but a long driveway provides plenty of parking. Don't miss this Lovely home!
For More Information Contact:
The Shannon Jones Team Web Site:www.shannon4re.com E-Mail:info@showmehome.com (562) 961-1415 (562) 896-2456 Cell: (562) 896-2456 Keller Williams Coastal Prop.
2 Bedrooms, 2 Baths Detached Single Family Home. 964 Sq. Ft. one story 3840 Sq. Ft. Lot Built in 1919 Association Dues: 0 2 Car Garage.
Property Features
Open Floor Plan
Wood Laminate Floors
Remodeled Eat-in Kitchen
Stainless Stell Appliances
Remodeled Bathrooms
Front Porch
Newly Landscaped Backyard
Central Air & Heat
Updated Plumbing & Electrical
Inside Laundry
2 Car Detached Garage
Property Details
Past the old-fashioned front porch of this California bungalow is a modern, re-built home with open floor plan & wood laminate floors. The remodeled, eat-in kitchen features stainless steel appliances & custom tile. The home has spacious bedrooms & remodeled bathrooms. This home offers inside laundry, central air and heat, dual pane windows & updated plumbing/electrical. The fenced back yard has a patio w/built-in barbecue and has been newly landscaped. Walk to shops & restaurants.
For More Information Contact:
The Shannon Jones Team Web Site:www.shannon4re.com E-Mail:info@showmehome.com (562) 961-1415 (562) 896-2456 Cell: (562) 896-2456 Keller Williams Coastal Prop.
7 Bedrooms, 4 Baths Detached Single Family Home. 2139 Sq. Ft. one story 6747 Sq. Ft. Lot Built in 1920 Association Dues: 0
Property Details
Rambling California bungalow near the beach offers 4 bedrooms, 2 1/2 baths in the main house plus a 1 bedroom unit in the rear and a nice, grassy back yard. Front house has hardwood floors, remodeled kitchen, upgraded plumbing and electrical. Property was formerly used as a nursing home and is in a great location near shopping, restaurants and the beach.
For More Information Contact:
The Shannon Jones Team Web Site:www.shannon4re.com E-Mail:info@showmehome.com (562) 961-1415 (562) 896-2456 Cell: (562) 896-2456 Keller Williams Coastal Prop.
5 Bedrooms, 3 Baths Detached Single Family Home. 2100 Sq. Ft. two story 2800 Sq. Ft. Lot Built in 1948 Association Dues: 0
Property Details
Huge 5 bedroom, 2.5 bath two-story home near the Traffic Circle. This spacious home features a formal living room with a fireplace plus a family room off the kitchen which is great for entertaining. This home also includes an inside laundry room with lots of storage. One of the bathrooms boasts a large spa tub. There is a detached garage and the home is located on a low traffic one-way street.
For More Information Contact:
The Shannon Jones Team Web Site:www.shannon4re.com E-Mail:info@showmehome.com (562) 961-1415 (562) 896-2456 Cell: (562) 896-2456 Keller Williams Coastal Prop.
Home sales prices in the 90815 zip code of Long Beach showed some signs of stabilization in March, but remained considerably lower than they were a year ago. The 90815 zip code encompasses Los Altos, Park Estates, Artcraft Manor, the Plaza, Artcraft Manor, Bixby Hill and La Marina Estates.
Currently, according to the Multiple Listing Service (MLS) there are 97 homes active on the market in 90815, ranging in price from $380K for a two-bedroom home in Artcraft Manor to $1,749,000 for a four-bedroom Bixby Hill home. The average price per square foot for current listings is $422.
There are 28 homes "pending" or in escrow now in 90815, ranging from $379,900 to $1,695,000. The average price per square foot for pending sales is $379.
In the past 30 days, 15 homes have closed escrow in the 90815 zip code, ranging from $419,900 for a three bedroom/two bathroom Plaza Home to $3.1 million for a 5 bedroom, 5,000 sq. ft. home in Park Estates. The average price per square foot was $423 for the homes that sold in 90815 in the past 30 days.
If you'd like information or currently listed homes or want to know what your home is worth in today's market, email us at Info@ShowMeHome.com or call 562-961-1415.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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