South Bay Real Estate

Pending home sales fall 7.6 pct. in Jan - Yahoo! Finance

Pending home sales fall 7.6 pct. in Jan - Yahoo! Finance

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Fewer sellers cut home prices in Feb: Zillow - Yahoo! Finance

Fewer sellers cut home prices in Feb: Zillow - Yahoo! Finance

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YTD Sales 2010 $5,110,500 as of 2-28

As of the end of February I have sold and closed escrow on 4 properties (5 sides) for a total of $5,110,500 in sales. Curiously the last two sales were homes that never even hit the MLS (Spreckels and 11th St). I have one more in escrow, 70 Cypress in Rolling Hills Estates, which is a 2 bedroom pus den townhouse that is selling for $695,000. That one should close by 3-12.

The state of the market right now is "active". While some areas still have an over supply of inventory and are experiencing price declines, there is not adequate inventory to satisfy the current buyer demand in other segments. Well, let me qualify that somewhat. Well priced properties in desirable areas are selling if they show well and are easily accessible. Torrance and North Redondo have strong demand as does RPV, particularly in the Hawthorne Blvd corridor close to Peninsula Center.

While there are now more REOs in the better South Bay neighborhoods than a year ago at this time, most aren't being priced so as to depress neighborhood prices.

My new blogsites, www.90266realestate.com (Manhattan Beach) and www.90278realestate.com (Redondo Beach) seem to be getting traffic. As they are more targeted than this format, I intend to expand on the idea.

 

Home resales drop for second consecutive month - latimes.com

Home resales drop for second consecutive month - latimes.com

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1305 11th St, Manhattan Beach closed escrow 2/25/2010

 

Escrow just closed on 1305 11th St in Manhattan Beach. The home was not listed when I initially approached the owner about selling. This is another example of how I am able to secure off market properties for my buyer clients. I saved the Seller and Buyer tens of thouands of dollars in this transaction by handling both sides myself.

This incredible home was built in 2000 and unlike many others in Manhattan Beach has a modern clean feel to it as opposed to what I call the "pseudo-quasi-neuvo-Spanish-Mediterraneans" that dot the landscape.

There are light maple hardwood floors throughout the downstairs, 5 bedrooms, 4 full baths, 2 fireplaces plus an outdoor firepit, A/C, Sub Zero and Thermador appliances and many other features that make this a great house to live or party in.

Jumbo mortgage market is beginning to thaw - latimes.com

Jumbo mortgage market is beginning to thaw - latimes.com

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New home sales hit record low - Yahoo! Finance

New home sales hit record low - Yahoo! Finance

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How to avoid common tax errors made by new homeowners - latimes.com

How to avoid common tax errors made by new homeowners - latimes.com

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Homeowners' equity is again on the rise after three years of unprecedented shrinkage - latimes.com

Homeowners' equity is again on the rise after three years of unprecedented shrinkage - latimes.com

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U.S. aims to stop backing mortgages - latimes.com

U.S. aims to stop backing mortgages - latimes.com

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Shorewood Realtors Top Producers

I just came back from Shorewood's annual achievement - top producers awards presentation and was pleased to find out that I was in a 4 way tie for number 8 in the entire company (over 350 agents-7 offices).

The take away for anyone working in a sales capacity in any industry is that if you focus on helping other people and love what you are doing, you can be pretty successful. That plus my two favorite axioms, sense of urgency and fanatic attention to detail, will get most people pretty far in any client facing service capacity.

The 10 must-have features in today's new homes - MarketWatch

The 10 must-have features in today's new homes - MarketWatch

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