Wishing you a Happy, Healthy and Prosperous 2012
Saturday, December 31, 2011
South Bay-Beach Cities: Sold November 2011
Farmer's Market... El Segundo
November sale numbers were similar to those of October for most of the Beach Cities. While the number of sales was relatively consistent prices were all over the map. The hardest hit city in the Beach Cities was North Redondo. After months of not much action, ***North Redondo got clobbered by short sales beginning in September. Sellers dropped prices drastically hoping to finally get the attention of lenders who didn't appear to be in any rush to approve a sale.
The tactic seemed to work... There are currently 61 pending sales in North Redondo with inventory at 79 properties for sale. The final figures for December 2011 will be out next week but so far lenders may be cooperating as they also would like to see a number of these properties close escrow soon rather than later.
Th rest of the Beach Cities... El Segundo, Hermosa, Manhattan and South Redondo are seeing sale numbers holding at consistent levels and prices flat or moving downward slightly.
South Bay-Beach Cities: Sold November 2011
*** Conforming loan limits declined from $729,750 to $625,000 as of October 1, 2011. Most lenders stopped making loans at those limits around the end of August.
Manhattan Beach Snapshot: Sold November 2011
Manhattan Beach Home and Townhome Closed Sales November 2007-2011
Manhattan Beach Home/Townhome prices November 2007-2011
What a year for Manhattan Beach Real Estate with enough ups and downs to keep us on our toes. Next week the final closed sales for December will be posted but so far the numbers are similar to those for 2010.
Single family Home prices in Manhattan Beach managed to creep up a bit in November compared to the median price last November. Townhome and condos sales didn't fare as well. The trend continues with sale numbers moving up while prices stay flat or slightly down from previous years.
Inventory is at the lowest level in along time with 61 single family homes and 27 townhomes/condos on the market. New construction is minimal with just a few builders taking the plunge while the majority are still waiting to see what the new year will bring.
Manhattan Beach: Sold November 2011
Friday, December 09, 2011
3011 Johnston Ave. Redondo Beach... New Price
3011 Johnston Ave Redondo Beach
New Price... now $799,000
Hard to find... Home plus legal Guest house on a large lot
Don't miss this rare opportunity to own a single family home and a permitted guest house on an oversize lot in the TRW tract of North Redondo. ... The main house is an 1860 sq ft 2 bedroom 1.5 baths with large family room, huge dining room and remodeled kitchen and baths.. The guest house is a charming 300 sq + studio with remodeled bath.
This home is the ideal solution if you are looking for a place for parents, grown children or a separate office area. The terrific home is on an 8300+ sq ft lot that has alley access... The possibilities are endless....
This is a wonderful mid-Century home with a definite Palm Springs resort feel..
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