Walk Street Hermosa Beach
Only 11 more days until the end of the year. Inventory is down in most of the beach cities. Much of that is due to the time of year. Many builders have taken homes off the market until after the first of the year in hopes buyers will be more receptive. Rates are bouncing around with jumbo loans still priced well above rates for conforming loans. But even at that rates are still at historic lows.
The market is slow.. not dead. Price doesn't seem to be as big a factor as perceived value. There are a number of homes selling in the high range in Manhattan Beach as well as small townhomes under $600,000 in North Redondo. South Redondo had a fairly good month while Manhattan Beach saw some really bad numbers.
We still have not been hit with a high number of foreclosures or even short sales. The Beach Cities seem to be holding their own much to the disappointment of many. I don't know what is on the horizon for next year. Some firmly believe we will be hit with a rash of re-sets in rates on adjustable loans that will bring the market down. But this has been the prediction for the last year and we still haven't seen much of a problem. So... as Scarlett used to say .. tomorrow is another day..
South Bay-Beach Cities: November SOLD 2007(click to enlarge)
Only 11 more days until the end of the year. Inventory is down in most of the beach cities. Much of that is due to the time of year. Many builders have taken homes off the market until after the first of the year in hopes buyers will be more receptive. Rates are bouncing around with jumbo loans still priced well above rates for conforming loans. But even at that rates are still at historic lows.
The market is slow.. not dead. Price doesn't seem to be as big a factor as perceived value. There are a number of homes selling in the high range in Manhattan Beach as well as small townhomes under $600,000 in North Redondo. South Redondo had a fairly good month while Manhattan Beach saw some really bad numbers.
We still have not been hit with a high number of foreclosures or even short sales. The Beach Cities seem to be holding their own much to the disappointment of many. I don't know what is on the horizon for next year. Some firmly believe we will be hit with a rash of re-sets in rates on adjustable loans that will bring the market down. But this has been the prediction for the last year and we still haven't seen much of a problem. So... as Scarlett used to say .. tomorrow is another day..
South Bay-Beach Cities: November SOLD 2007(click to enlarge)
South Bay-Beach Cities: September SOLD 2007
South Bay-Beach Cities: August SOLD 2007
South Bay- Beach Cities: July Sold 2007
South Bay-Beach Cities: Sold June 2007
South Bay-Beach Cities: Sold May 2007
South Bay-Beach Cities: Sold April 2007
South Bay-Beach Cities: Sold March 2007
South Bay-Beach Cities: Sold February 2007
South Bay-Beach Cities: Sold January 2007
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