Monday, January 28, 2008

South Bay-Beach Cities 55+ Senior Communities: Sold January-December 2007

There are two new developments to add to the list of 55+ Communities in the South Bay.... Parkview Court in Torrance and Breakwater Village in Redondo Beach. They are both now open to the public. below is a tour of Parkview Court. I will have a tour for Breakwater Village later in the week.

Parkview Court... Torrance CA

The 55+ real estate market in the South Bay-Beach Cities is not as concerned with the problems in the financial/mortgage market place as other sectors of the local housing market. The reason is simple... most 55+ buyers do not take out mortgages but generally pay cash for a unit in a senior/55+ community.

The following graph represents all the units that sold last year in 55+ communities in the South Bay/Torrance/BeachCities. Many of the units that sold last year were in new developments and I do have their numbers. With a few exceptions these numbers represent re-sales and are taken from the MLS. Please feel free to call(310)721-73438 or e-mail me with questions.

South Bay/Beach Cities: 55+ Sold January 2007-December 2007
(click on graph to enlarge)

Manhattan Village: A Tale of 2 Townhomes

South Bay/Beach Cities: Market Snapshot.. June 2007

South Bay/Beach Cities: Market Snapshot July 2007

South Bay/Beach Cities: Market Snapshot September 2007

South Bay/Beach Cities: Market Snapshot October-November 2007

1 comment:

Anonymous said...

I think this particular industry will remain strong especially that active adults prefer to live in a community. Many people I know save money so they can live in a good retirement community like 55 and over communities on long island. They prefer the long term care and lifestyle that the community offers.