August 6, 2009
Last week we held our monthly home buying class in Torrance with a focus on what’s going on in the South Bay. I had written this post then and totally spaced on posting it. Here it is!
You can find the slides online. But some of the highlights include…
The most recent Case-Shiller data for LA.
Which we recently blogged about, Case-Shiller: Los Angeles Price Drops Continue Moderation.
Sale versus list data for single family homes.
| Area (# of solds) |
List Price |
Sale Price |
SP/LP |
SP/OLP |
| Torrance (176) |
$556,327 |
$550,102 |
99.6% |
96.1% |
| Redondo Beach (88) |
$813,252 |
$786,727 |
97.2% |
92.9% |
| San Pedro (67) |
$458,549 |
$442,318 |
96.6% |
89.9% |
| Carson (123) |
$305,376 |
$308,237 |
101.5% |
95.9% |
| Gardena (78) |
$303,352 |
$298,964 |
98.2% |
93.7% |
| Long Beach (620) |
$404,404 |
$396,079 |
99.8% |
95.6% |
The sale to list for LA county SFH is 99%.
Data range: 90-days from July-24. Source: SoCalMLS
Sale versus list data for single family real estate owned (REO) homes.
| Area (# of solds) |
List Price |
Sale Price |
SP/LP |
SP/OLP |
| Torrance (34) |
$359,991 |
$370,131 |
104% |
99% |
| Redondo Beach (5) |
$477,040 |
$490,980 |
104% |
95% |
| San Pedro (17) |
$286,769 |
$275,941 |
97% |
87% |
| Carson (82) |
$288,890 |
$298,501 |
103% |
99% |
| Gardena (38) |
$279,608 |
$282,037 |
101% |
99% |
| Long Beach (227) |
$251,626 |
$254,503 |
102% |
95% |
The sale to list for LA county for SFH REOs is 102%.
Data range: 90-days from July-24. Source: SoCalMLS
Torrance
- Median price is up 25.9% year over year to $749,000
- Number of homes for sale is down 48.4% year over year
- June ’09 inventory would take 3 months to sell if there were no new listings. This is down from 13 months in June ’08.
Long Beach
- Median price is down 14.7% year over year to $363,450
- Number of homes for sale is down 40.5% year over year
- June ’09 inventory would take 2 months to sell if there were no new listings. This is down from 6 months in June ’08.
Carson
- Median price is down -27.4% year over year to $277,000
- Number of homes for sale is down -59.9% year over year
- June ’09 inventory would take 2 months to sell if there were no new listings. This is down from 12 months in June ’08.
July 2, 2009
We have a new listing at 2528 Graysby Ave in South Shores in San Pedro that’s hosting an open house this weekend and next. It’s a 3 bedroom, 2 bath, 1,852 square foot home priced at $747,500.
Open House Date & Times
Sunday, July 5th, 1 p.m. – 5 p.m.
Saturday, July 11th, 1 p.m. – 5 p.m.
What The Seller Has To Say
Favorite Restaurants
Neal’s – offers exceptional Italian cuisine prepared by the chef and owner in a cozy bistro setting.
Papa Dakas – is a lively restaurant offering traditional Greek Food and belly dancing. It’s fun for the whole family.
Favorite Places to Go
Point Fermin Park – This lovely 37 acre park provides spectacular views and rugged bluffs afford a breathtaking views of Santa Catalina Island. It’s a perfect site for picnics or a leisurely stroll. There are picnic areas, a playground a light house, and a small amphitheater. Point Fermin Park is one of the few places on the peninsula where Monarch butterflies spend their winters.
The Korean Bell – Resting peacefully on the knoll overlooking the sea gate from which U.S. troops sailed into the Pacific, the bell site affords an unsurpassed view of the Los Angeles harbor, the Catalina Channel and the sea terraces of San Pedro hill. The bell is rung only four times each year: the Fourth of July, August 15 (Korean Independence Day) and New Year’s Eve, and every September to coincide with bell ringing around the country to celebrate Constitution week.
Favorite Room in the House
The family room it’s cozy, warm and always filled with natural sunlight.
Best Features
The wall French doors with beveled glass which lead out to the private backyard. We have enjoyed many days and nights entertaining friends and family on the patio, and playing on the lush green lawn. The nice tropical feel of the backyard also makes it an ideal place for afternoon siestas on our outdoor daybed.
Most Romantic Spot in the Neighborhood
Sagebrush Hiking Trail – it walking distance from our home the trail begins in San Pedro and goes all the way to Palos Verdes. The trail is an invigorating walk with coastal views of the Catalina’s, and green plants, and local wild life (squirrels, bunny rabbits, an occasional lizard). Take the trail till it ends at Trump National Golf Course, then sit and have a picnic on the manicured lawn, or venture down a side path to a quite rocky beach with tide pools. You don’t have to be a fit hiker to enjoy a stop along the trails many lookout points which offer romantic views of the sunset, or sunrise for you early birds.
What They’ll Miss The Most
We love living in the quite coastal community of the South Shores Area of San Pedro. There is so much history in this small area, and it’s in close proximity to so many beautiful parks, and beaches, yet we are just a stones throw away from Long Beach, Downtown LA, Manhattan Beach, Redondo Beach, and Torrance.
March 17, 2009
We were checking out Los Angeles real estate blogs and here’s my list of what I think are the best.
Top LA Real Estate Blogs
- Curbed LA, “From the studio lots to the downtown lofts. From the beachfront bungalows to the canyon views…”
- L.A. Land by the LA Times, “The rapidly changing landscape of the Los Angeles real estate market and beyond”
- the Real Estalker, “For better or worse, we are a culture obsessed with celebrity and celebrity lifestyle.”
- Apartment Therapy, for once you’ve found a place :)
Top SoCal Blogs
Regional Real Estate Blogs
- Manhattan Beach Confidential, “A Manhattan Beach Real Estate Blog with Bubble Talk, Listing Reviews, Pricing News & More”
- Westside Bubble, “Tracking the real estate bubble on the Westside of Los Angeles, especially in Santa Monica … available housing inventory, highlights/lowlights, and the larger economy. ”
- Santa Monica Distress Monitor, “If you aren’t embarrassed by your offer, it isn’t low enough”
- Long Beach Housing Blog, “Long Beach used to be the “affordable” alternative to OC and LA…”
- Arcadia Housing Blog, “Tracking the Arcadia and San Gabriel Valley Housing Market”>
- Underculver, “Mostly 90232/90230/Culver City”
- Westside RE Meltdown, “The website that chronicles recent price declines, on the westside of Los Angeles”
- LA South Bay Beach Cities Housing Bubble
Good Regional Blogs of varying size
Good Agent Blogs
Yes, we’re linking to the competition…
Your Turn
It’s always dangerous writing these kind of posts when you don’t live in the area. So, which blogs do you follow to stay on top of the LA real estate scene? :)
Thanks to some of our forums posters for helping out.
