South Bay Home Values Are Rising

South Bay real estate market is changing.  After a long period of sliding home prices, we finally see prices stabilizing and rising.  This is a welcome news for homeowners and potential home sellers.

Foreclosure numbers are down and overall inventory of homes for sale is extremely low.  A lot of buyers who sat on sidelines, are now getting back in the market, creating more demand.  Prices are not going down anymore and it really seems to be a great time to buy, according to many experts.  Interest rates are very low.  Low home prices and interest rates will not last for long.  A lot of buyers see that, which results in low inventory and multiple offer situations whenever a good listing hits the market.

We’re hoping that this new year 2013 will bring lasting real estate recovery!

If you’d like a Free home evaluation of your home, contact me anytime 310-918-5027 or info@isellsouthbay.com.

 

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Los Angeles County Real Estate Sales and Prices

South Bay and Los Angeles county real estate market is changing.  The inventory is very low but, despite the constraints of the low levels of homes available for sale, home sales are up.  Multiple offers on well priced homes are common again.

If you’ve been holding off with putting your house for sale, right now might be a good time to do it.  Since every market is different, you’ll need a Realtor to evaluate your local market.

 

 

Here are the latest statistics for Los Angeles county:

Sales Statistics             for LOS ANGELES County CA
Realist’s most recent sale date for LA county is  04/24/2012
Single Family Residence
Time Period Number of Sales Median Sale Price
Mar 2012 4,660 $318,000
Mar 2011 4,532 $325,000
Feb 2012 3,673 $306,000
Feb 2011 3,270 $320,000
2012 YTD 13,887 $311,000
2011 50,590 $320,000
Condominium
Time Period Number of Sales Median Sale Price
Mar 2012 1,529 $272,000
Mar 2011 1,593 $300,000
Feb 2012 1,189 $275,000
Feb 2011 1,109 $300,000
2012 YTD 4,512 $266,000
2011 16,024 $287,500

Call 310.918.5027 or email info@isellsouthbay.com for your local market report or your Free home evaluation.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

So Cal housing market posted the highest number of February home sales in five years

Home sales in Southern California went up by 8.4 percent in February when compared to same period a year ago.  Total sales are the highest in five years.  Prices are still down but the rate of decline is slowing down.  Higher sales and low inventory usually lead to higher home prices

Distressed sales have also declined, although they continued to make up more than half of the resale market in Southern California.

 Foreclosure resales – properties foreclosed on in the prior 12 months – accounted for 32.5 percent of the resale market last month, down from a revised 32.6 percent in January and down from 37.0 percent a year earlier. Foreclosure resales hit a high for the current cycle of 56.7 percent in February 2009 and a low of 31.6 percent last November.

 Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 20.5 percent of Southland resales last month. That compares with 21.1 percent in January and 19.7 percent in February last year.

Sales Volume Median Price
All homes Feb-11 Feb-12 %Chng Feb-11 Feb-12 %Chng
Los Angeles 4,736 5,261 11.1% $315,000 $299,000 -5.1%
Orange 1,903 1,904 0.1% $410,000 $388,500 -5.2%
Riverside 2,842 3,011 5.9% $195,000 $193,000 -1.0%
San Bernardino 1,974 2,082 5.5% $150,000 $148,000 -1.3%
San Diego 2,330 2,709 16.3% $308,000 $305,000 -1.0%
Ventura 584 606 3.8% $345,000 $325,000 -5.8%
SoCal 14,369 15,573 8.4% $275,000 $264,750 -3.7%

Each market is different.  If you’re wondering what your property is worth in today’s market, please contact Krystyna Baty Reeal Estate Century 21 Team at (310)918-5027 or via email, and we’ll provide you with a Free Home Market Evaluation.   Or, you may fill out the Home Evaluation Form.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

South Bay CA Median Home Sale Price Report

This report is for selected South Bay cities.  It shows median home prices for sales recorded in January 2012 and price changes of the year over year basis.  Median prices in South Bay area dipped in 29.66 percent in Hermosa Beach,  6.74 percent in Torrance, 13.58 in Redondo Beach.

Please refer to the table below to view detailed information on median sale prices,  prices changes for selected areas in the South Bay:

County/City/Area # Sold Jan 2012 Jan 2011 % Chng Yr-to-Yr
HERMOSA BEACH 13 $765,000 $1,087,500 -29.66%
MANHATTAN BEACH 18 $1,400,000 $1,500,000 -6.67%
RANCHO PALOS VERDES 22 $737,500 $740,000 -0.34%
REDONDO BEACH 52 $569,500 $659,000 -13.58%
TORRANCE 86 $429,000 $460,000 -6.74%
SAN PEDRO 38 $272,500 $337,500 -19.26%

Please contact Krystyna Baty at (310)918-5027 or via email info@southbayhousevalues.com  if you want a Free home evaluation and your specific area report.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

Selling Your South Bay Home

Information for South Bay Home Sellers

For quality service on your next South Bay property sale, consider working with The Krystyna Baty Team at Century 21 Amber Realty.  As your seller’s agency we can manage the entire sales process, from listing to negotiations and closing paperwork. We’ll also market your home online so buyers anywhere can easily access it. With our professional assistance, you can relax and get ready to re-invest. Please call (310)918-5027 to schedule Free consulation or to get a Free home evaluation.  Below are the highlights of our proven Marketing Plan –

 

We are committed to selling your property:

  • For the best possible price
  • In the shortest period of time so you get where you want to go on time
  • With the least amount of stress for you
In order to receive top dollar, you need top exposure. Our proven marketing plan provides you with that top exposure.

This includes:

  • Listing your home on the Multiple Listing Service across Southern California

  • Assistance in staging your home for a quick and profitable sale

  • Conduct a multi-channel marketing campaign:

  • Web Marketing: Because over 80% of buyers start their property search online. It’s particularly true her in the South Bay Los Angeles area where many buyers come form out of state.  Your listing will appear on multiple national and international websites to give you 24- hour-exposure.  This aggressive online approach will greatly differentiate you from your competition and bring your property exposure to millions of home buyers every month! Strong advertising dollar is consistently spent to give your property maximum exposure on Google, MSN, Yahoo, AOL search engines

  • Unique website for your home for additional internet exposure and easy access for prospective buyers, such as www.123MainStreet.com
  • Utilize digital photos and online virtual tours and videos
  • Consistently email your listing information to local real estate agents and our Team’s entire database of past clients, buyers and sellers.
  • Conduct print and direct mail advertising
  • E-cards and flyers to potential buyers
  • Installation of a “For Sale” sign
  • Custom property profile flyer
  • Installation of a lockbox
  • Public Open House events – exposing your home to potential buyers
  • Telemarketing to neighbors and potential prospects
  • Weekly status report
  • Verbal feedback provided from showings

 FOR A FREE CONSULTATION PLEASE CONTACT KRYSTYNA BATY – YOUR LOCAL CENTURY 21 EXPERT AT (310) 918-5027 OR VIA E-MAIL AT INFO@ISELLSOUTHBAY.COM

 

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter