Redondo Beach Sales

In watching the price reductions in the South Bay, I have noticed Redondo Beach popping up on that list more often lately.   While that is a trend overall in Los Angeles, Redondo seems to be taking up a larger share of the list.  Here are some of the October sales for the area: 1100 S CATALINA… Read More

Fed cuts rate again

The Federal Open Market Committee announced another drop of 25 basis points for the federal funds rate down to 4.5%.  The corresponding press release from the Fed included this phrase: ”However, the pace of economic expansion will likely slow in the near term, partly reflecting the intensification of the housing correction.”  There is some interesting debate at… Read More

Scary Price Drops

These price reductions are more frightening due to their lack of much change more than anything else. They all hover around a 3% reduction. Still, prices on these Westchester homes are coming down a smidgeon. Incidentally, the Belford property has been on the market for over four months. Happy Halloween! 8710 Belford Ave., #B222/2bd, 2bth/$409,500… Read More

Doings on Doheny Drive

Today we’ll take a look at the real-estate happenings on Doheny Drive.  But first, a bit of trivia:  Doheny Drive, which runs through Beverly Hills, Los Angeles and West Hollywood, is named after Edward L. Doheny, an American oil tycoon who struck it rich after coming to Los Angeles from his native Wisconsin.  Doheny died in… Read More

Got $450?

Because if you do, you’ll get exactly one square foot of space at this Playa Vista property. That amount puts you in at the average* price of homes in the area. This pad has some pretty decent square footage, considering it’s got just one bedroom. 5400 Playa Vista Dr., #6/1bd+loft, 2.5bth/1,666 sq. ft./$749,500 * Average… Read More

KB Home CEO Foresees Price Declines

This Reuters story on CNBC quotes Jeffrey Mezger, chief executive officer of home-building giant KB Home, regarding the state of the real-estate market. [Mezger] said home prices in California could fall another 10 percent to 15 percent in the next 18 months. Mezger was speaking on a panel with Countrywide Financial CEO Angelo Mozilo and California… Read More

Southbay Halloween Events

Looking for something fun to do tomorrow?   Here are some suggestions from the Daily Breeze, with more events at their article. Rolling Hills Estates Avenue of the Peninsula - Trick-or-treating, entertainment, giveaways; free; 3:30-6:30 p.m.  Silver Spur Road between Hawthorne and Crenshaw blvds. www.shopattheavenue.com Torrance Halloween Carnival; free admission, (10 tickets for $5); 4-8p.m. Wednesday; Wilson Park, 2200… Read More

Torrance Price Reductions

3243 Danaha Street – 4bd/2bth/1742sqft – $839,000 to $825,000 20615 Madrona Ave – 4bd/3bth/3230sqft – $1,168,668 to $1,108,668 3706 W 227th St – 3bd/1.5bth/1279sqft – $654,000 to $628,500 4708 Pacific Coast – 3bd/2bth/1631sqft – $729,000 to $699,000 2574 W 234th – 4bd/2.5bth/2389sqft – $1,177,000 to $1,125,000 3415 Artesia Blvd #13 – 2bd/2.5bth/1400sqft – $448,000 to $428,000 Read More