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South Bay Real Estate Blog

55+ Senior Condo Update

Torrance area is famous for 55+ condo communities. Located in Torrance, Redondo Beach and Palos Verdes, our senior communities have plenty to offer to active seniors - resort style amenities such as community centers, pools, spas, golf, tennis and more. I have helped many seniors over the years to relocated from other states as well as our local South Bay communities, usually when they're ready to downsize. Our senior communities vary in prices, age, size, location. As an example, the oldest one - New Horizons - has a great community, suburban feel, with a lot of greenery, golf course, tennis and very active community center. Or, you may prefer a newer community, such as Breakwater Village in Redondo Beach or Parkview Court in

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Redondo Beach Home Prices

Redondo Beach homes prices continued to rise in 1st Qtr '17.  As the Redondo Beach median home price trend graph below shows, the upward trend continues. Average selling price increased by 8 %, from $995,887 last year to $1,070,764 12 months ago. Mortgage interest rates remained low, helping home buyers and investors. Low inventory of available homes and condos for sale in Redondo Beach CA continued to put pressure on prices. Multiple offers are a common occurrence.  Below I provided the stats and graphs to illustrate the Redondo Beach real estate market data in detail.  Currently, there are 155 homes listed for sale in Redondo Beach.  The lowest home is listed at $405,000 and the highest at $16M. This shows the diversity of

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Torrance Real Estate Report - 1st Qtr '17 vs. 1st Qtr '16

Torrance home prices went up by 4% in 1st qtr 2017, when compared with the same period 12 months ago. So the headline could be - Torrance homes prices continue to rise. It's certainly a good news for the home sellers, not so much for the buyers. Below is the full quarterly report.

Average selling price went up from $634,623 in the first quarter last year to $657,623 this year -  4% price increase y-o-y.  Interest rates remained very low, around 4%, helping home buyers and investors. Low inventory of available homes for sale in Torrance CA continued to put pressure on prices, limiting the number of sales.  Below I provided the stats and graphs to illustrate the Torrance real estate market,

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Redondo Beach Home Prices & Market Report

February recorded another jump in Redondo Beach homes prices. Please refer to the Redondo Beach median home price trend graph below for details. Average selling price increased by 8%, from $983,425 in February last year to $1,064,136 this year.  Mortgage interest rates are historically low helping home buyers and investors. Also the prospect of rising rates in the coming months creates the urgency for home buyers Low inventory of available homes for sale in Redondo Beach CA continued to put pressure on prices, setting new highs.  Below I provided the stats and graphs to illustrate the Redondo Beach real estate market in detail.  Today, there are 139 homes listed for sale in Redondo Beach.  The lowest home is

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Torrance Real Estate Report

How is the Torrance market? Both real estate sellers and buyers often ask this question. I hope my monthly report will help answer this important question and assist you in deciding if this is a good time for you to buy or sell homes or their real estate investment properties in the Torrance CA area.

Get your Free Home Evaluation and find out what your home is worth in today's market. This report is complimentary and can be delivered directly to your mailbox without talking to an agent.  Or, if you prepare, we can meet and discuss the market and the value of your home at your convenience.

Torrance CA homes prices rose again in February. Average selling price went up from $596,946 last year to $650,878 this year - which

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SENIOR 55+ CONDO FOR SALE AT BREAKWATER VILLAGE

I just listed this beautiful 2 bedroom 2 bath Breakwater Village condo. 

Top Floor, 2 Bd unit in the Luxurious 55+ Community of Breakwater Village! This condo is in pristine condition. The Kitchen comes complete w/Stainless Steel Appliances. High end finishes, including Granite counter-tops in the Kitchen and Bathrooms, Hardwood flooring in the Kitchen and Entry way, Carpet in Living Room and Bedrooms. Large Balcony, Walk in closet, Laundry inside, A/C, located close to the elevator, parking and additional storage. Community Room with a State of the Art Gym, Pool, Outdoor Fireplace and BBQ to enjoy! You will be steps away from shopping, freeways and minutes to the Beach.

Price - $430,000

Call

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Redondo Beach Home Prices

Redondo Beach homes prices went up again in January. As the Redondo Beach median home price trend graph below shows, the upward trend continues. Average selling price increased by 15%, from $959,475 in January last year to $1,105,356 this year.  Mortgage interest rates are historically low, around 4%, helping home buyers and investors. Low inventory of available homes for sale in Redondo Beach CA continued to put pressure on prices, setting new highs.  Below I provided the stats and graphs to illustrate the Redondo Beach real estate market in detail.  Today, there are 117 homes listed for sale in Redondo Beach.  The lowest home is listed at $399,000 and the highest at $16M. This shows the diversity of the Redondo Beach real

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Torrance Home Prices

How is the Torrance market? People who think about buying or selling often ask this question. I hope my monthly report will help answer this important question and assist you in deciding if this is a good time for you to buy or sell real estate in the Torrance area.

Get your Free Home Evaluation and find out what your home is worth in this market.

Torrance homes prices went up again in January. Average selling price from $651,338 last year to $699,682 this year - which is the 7 percent price increase. Interest rates are still very low, around 4%, helping home buyers and investors. Low inventory of available homes for sale in Torrance CA continued to put pressure on prices.  Below I provided the stats and graphs to illustrate

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Redondo Beach Real Estate in 2016

Real estate market in Redondo Beach CA recorded rising home prices and increased home sales numbers.  Helped by low mortgage interest rates, Redondo Beach homebuyers often competed for houses and condos, pushing prices further up.  We continued to be in the seller's market due to the low inventory and "cheap" loans. Mortgage rates were and still are historically low, making home loans inexpensive.  Also, the lenders have increased the mortgage availability.  Average Redondo Beach home price went up by 10%; number of sales remained steady, restrained only by very low inventory. The lowest home sold at $300,000, the highest at $5.3M. Here is more information on Redondo Beach home sales, trends, average price. 

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Torrance Real Estate in 2016

Real estate market in Torrance CA was strong and marked rising home prices and increased home sales numbers.  Helped by low mortgage interest rates, Torrance homebuyers often competed for houses and condos.  We continued to be in the seller's market due to the low inventory and "cheap" loans. Average Torrance home price went up by 5%; number of sales also went up by 5%. lowest home sold at $215,000, the highest at $2.3M. Here is more information on Torrance home sales, trends, average price. 

Torrance Real Estate  2016 2015 Difference
No. of sales  1117  1067  +5%
 Average Sales Price  $701,947  $665,399  +5%
 Average Days on Market  45  48  -6%

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