The San Pedro Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, San Pedro home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 271 homes for sale in San Pedro and 41 sold. Translation, under current market conditions, in any given month, you have about a 1 in 7 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 271 active listings for sale in the San Pedro Market (Area 179-193): 174 Houses; 16 Townhouses; and 81 Condominiums.

In the past year, there were 373 homes sold in San Pedro (between 11.01.07 and 10.31.08): 220 Houses; 69 Townhouses; and 84 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.4 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 285 days, Townhouses will be on the market an average of 83 days, and Condominiums should be on the market an average of 347 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 6.6 month inventory of homes for sale in San Pedro.

Broken down by specific property type, we find that there is a 7.9 month inventory of Houses, a 1.8 month inventory of Townhouses, and a 8.1 month inventory of Condominiums on the market in San Pedro. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the San Pedro and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

San Pedro Home Sales by the Numbers
41 sold in October 2008
24 sold in October 2007

271 Current Active Listings
174 Houses
16 Townhouses
81 Condos

41 Sold in October 2008
22 Houses
9 Townhouses
10 Condos

23 Expired in October 2008
17 Houses
2 Townhouses
4 Condos

46 Contingent & Pending in October 2008
33 Houses
2 Townhouses
11 Condos

24 Sold in October 2007
12 Houses
5 Townhouses
7 Condos

55 Sold in October 2006
30 Houses
13 Townhouses
12 Condos

59 Sold in October 2005
30 Houses
8 Townhouses
11 Condos

71 Sold in October 2004
49 Houses
11 Townhouses
11 Condos

82 Sold in October 2003
38 Houses
18 Townhouses
26 Condos

63 Sold in October 2002
33 Houses
16 Townhouses
14 Condos

68 Sold in October 2001
42 Houses
13 Townhouses
13 Condos

66 Sold in October 2000
39 Houses
7 Townhouses
20 Condos

12 Expired in October 2007
8 Houses
2 Townhouses
2 Condos

26 Expired in October 2006
16 Houses
1 Townhouses
9 Condos

11 Expired in October 2005
7 Houses
1 Townhouses
3 Condos

16 Expired in October 2004
12 Houses
1 Townhouses
3 Condos

5 Expired in October 2003
5 Houses
0 Townhouses
0 Condos

15 Expired in October 2002
10 Houses
2 Townhouses
3 Condos

19 Expired in October 2001
15 Houses
3 Townhouses
1 Condos

13 Expired in October 2000
10 Houses
1 Townhouses
2 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The Palos Verdes Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, Palos Verdes home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 325 homes for sale in Palos Verdes and 31 sold. Translation, under current market conditions, in any given month, you have about a 1 in 11 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 325 active listings for sale in the Palos Verdes Market (Area 160-177): 262 Houses; 19 Townhouses; and 44 Condominiums.

In the past year, there were 505 homes sold in Palos Verdes (between 11.01.07 and 10.31.08): 399 Houses; 42 Townhouses; and 64 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.6 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 236 days, Townhouses will be on the market an average of 163 days, and Condominiums should be on the market an average of 248 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 10.5 month inventory of homes for sale in Palos Verdes.

Broken down by specific property type, we find that there is a 10.1 month inventory of Houses, a 9.5 month inventory of Townhouses, and a 14.6 month inventory of Condominiums on the market in Palos Verdes. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the Palos Verdes and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

Palos Verdes Home Sales by the Numbers
31 sold in October 2008
34 sold in October 2007

325 Current Active Listings
262 Houses
19 Townhouses
44 Condos

31 Sold in October 2008
26 Houses
2 Townhouses
3 Condos

40 Expired in October 2008
33 Houses
3 Townhouses
4 Condos

35 Contingent & Pending in October 2008
27 Houses
1 Townhouses
7 Condos

34 Sold in October 2007
29 Houses
3 Townhouses
2 Condos

48 Sold in October 2006
37 Houses
3 Townhouses
8 Condos

55 Sold in October 2005
45 Houses
8 Townhouses
2 Condos

76 Sold in October 2004
58 Houses
11 Townhouses
7 Condos

83 Sold in October 2003
70 Houses
7 Townhouses
6 Condos

105 Sold in October 2002
86 Houses
11 Townhouses
8 Condos

67 Sold in October 2001
54 Houses
13 Townhouses
0 Condos

86 Sold in October 2000
68 Houses
7 Townhouses
11 Condos

21 Expired in October 2007
16 Houses
2 Townhouses
3 Condos

28 Expired in October 2006
23 Houses
2 Townhouses
3 Condos

15 Expired in October 2005
15 Houses
0 Townhouses
0 Condos

20 Expired in October 2004
16 Houses
3 Townhouses
1 Condos

10 Expired in October 2003
10 Houses
0 Townhouses
0 Condos

22 Expired in October 2002
20 Houses
0 Townhouses
2 Condos

30 Expired in October 2001
26 Houses
1 Townhouses
3 Condos

25 Expired in October 2000
18 Houses
2 Townhouses
5 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The North Redondo Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, North Redondo home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 109 homes for sale in North Redondo and 36 sold. Translation, under current market conditions, in any given month, you have about a 1 in 3 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 109 active listings for sale in the North Redondo Market (Area 151-154): 47 Houses; 54 Townhouses; and 8 Condominiums.

In the past year, there were 375 homes sold in North Redondo (between 11.01.07 and 10.31.08): 162 Houses; 198 Townhouses; and 15 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 3.4 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 104 days, Townhouses will be on the market an average of 98 days, and Condominiums should be on the market an average of 192 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 3 month inventory of homes for sale in North Redondo.

Broken down by specific property type, we find that there is a 3.1 month inventory of Houses, a 2.7 month inventory of Townhouses, and a 8 month inventory of Condominiums on the market in North Redondo. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the North Redondo and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

North Redondo Home Sales by the Numbers
36 sold in October 2008
26 sold in October 2007

109 Current Active Listings
47 Houses
54 Townhouses
8 Condos

36 Sold in October 2008
15 Houses
20 Townhouses
1 Condos

24 Expired in October 2008
11 Houses
11 Townhouses
2 Condos

26 Contingent & Pending in October 2008
11 Houses
15 Townhouses
0 Condos

26 Sold in October 2007
10 Houses
16 Townhouses
0 Condos

40 Sold in October 2006
14 Houses
26 Townhouses
0 Condos

51 Sold in October 2005
23 Houses
27 Townhouses
1 Condos

65 Sold in October 2004
29 Houses
35 Townhouses
1 Condos

57 Sold in October 2003
31 Houses
24 Townhouses
2 Condos

58 Sold in October 2002
30 Houses
28 Townhouses
0 Condo

59 Sold in October 2001
26 Houses
31 Townhouses
2 Condos

53 Sold in October 2000
17 Houses
35 Townhouses
1 Condo

14 Expired in October 2007
7 Houses
7 Townhouses
0 Condos

17 Expired in October 2006
6 Houses
11 Townhouses
0 Condos

10 Expired in October 2005
6 Houses
3 Townhouses
1 Condos

9 Expired in October 2004
1 Houses
5 Townhouses
3 Condos

5 Expired in October 2003
2 Houses
3 Townhouses
0 Condos

9 Expired in October 2002
6 Houses
3 Townhouses
0 Condos

11 Expired in October 2001
8 Houses
3 Townhouses
0 Condos

7 Expired in October 2000
3 Houses
4 Townhouses
0 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The Hermosa Beach Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, Hermosa Beach home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 91 homes for sale in Hermosa Beach and 9 sold. Translation, under current market conditions, in any given month, you have about a 1 in 10 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 91 active listings for sale in the Hermosa Beach Market (Area 148-150): 47 Houses; 37 Townhouses; and 7 Condominiums.

In the past year, there were 146 homes sold in Hermosa Beach (between 11.01.07 and 10.31.08): 79 Houses; 55 Townhouses; and 12 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.6 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 214 days, Townhouses will be on the market an average of 242 days, and Condominiums should be on the market an average of 210 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 10.1 month inventory of homes for sale in Hermosa Beach.

Broken down by specific property type, we find that there is a 11.8 month inventory of Houses, a 7.4 month inventory of Townhouses, and a 0 month inventory of Condominiums on the market in Hermosa Beach. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the Hermosa Beach and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

Hermosa Beach Home Sales by the Numbers
9 sold in October 2008
12 sold in October 2007

91 Current Active Listings
47 Houses
37 Townhouses
7 Condos

12 Sold in October 2008
6 Houses
4 Townhouses
2 Condos

6 Expired in October 2008
4 Houses
2 Townhouses
0 Condos

16 Contingent & Pending in October 2008
8 Houses
5 Townhouses
3 Condos

12 Sold in October 2007
6 Houses
4 Townhouses
2 Condos

13 Sold in October 2006
7 Houses
4 Townhouses
2 Condos

18 Sold in October 2005
11 Houses
2 Townhouses
5 Condos

15 Sold in October 2004
8 Houses
4 Townhouses
3 Condos

34 Sold in October 2003
18 Houses
14 Townhouses
2 Condos

29 Sold in October 2002
15 Houses
9 Townhouses
5 Condos

18 Sold in October 2001
10 Houses
7 Townhouses
1 Condos

23 Sold in October 2000
12 Houses
8 Townhouses
3 Condos

3 Expired in October 2007
0 Houses
2 Townhouses
1 Condos

12 Expired in October 2006
7 Houses
5 Townhouses
0 Condos

9 Expired in October 2005
3 Houses
4 Townhouses
2 Condos

2 Expired in October 2004
1 Houses
1 Townhouses
0 Condos

3 Expired in October 2003
2 Houses
0 Townhouses
1 Condos

2 Expired in October 2002
2 Houses
0 Townhouses
0 Condos

12 Expired in October 2001
8 Houses
4 Townhouses
0 Condos

5 Expired in October 2000
2 Houses
0 Townhouses
3 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The South Redondo Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, South Redondo home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 143 homes for sale in South Redondo and 31 sold. Translation, under current market conditions, in any given month, you have about a 1 in 5 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 143 active listings for sale in the South Redondo Market (Area 155-157): 39 Houses; 63 Townhouses; and 41 Condominiums.

In the past year, there were 246 homes sold in South Redondo (between 11.01.07 and 10.31.08): 81 Houses; 105 Townhouses; and 60 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.7 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 173 days, Townhouses will be on the market an average of 216 days, and Condominiums should be on the market an average of 246 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 4.6 month inventory of homes for sale in South Redondo.

Broken down by specific property type, we find that there is a 3.5 month inventory of Houses, a 5.3 month inventory of Townhouses, and a 5.1 month inventory of Condominiums on the market in South Redondo. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the South Redondo and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

South Redondo Home Sales by the Numbers
31 sold in October 2008
26 sold in October 2007

143 Current Active Listings
39 Houses
63 Townhouses
41 Condos

31 Sold in October 2008
11 Houses
12 Townhouses
8 Condos

26 Expired in October 2008
8 Houses
12 Townhouses
6 Condos

26 Contingent & Pending in October 2008
6 Houses
13 Townhouses
7 Condos

26 Sold in October 2007
8 Houses
11 Townhouses
7 Condos

28 Sold in October 2006
11 Houses
15 Townhouses
2 Condos

32 Sold in October 2005
11 Houses
12 Townhouses
9 Condos

43 Sold in October 2004
14 Houses
13 Townhouses
16 Condos

55 Sold in October 2003
18 Houses
24 Townhouses
13 Condos

43 Sold in October 2002
12 Houses
16 Townhouses
15 Condos

34 Sold in October 2001
11 Houses
14 Townhouses
9 Condos

44 Sold in October 2000
15 Houses
15 Townhouses
14 Condos

10 Expired in October 2007
2 Houses
5 Townhouses
3 Condos

19 Expired in October 2006
7 Houses
5 Townhouses
7 Condos

12 Expired in October 2005
4 Houses
5 Townhouses
3 Condos

9 Expired in October 2004
5 Houses
1 Townhouses
3 Condos

8 Expired in October 2003
4 Houses
2 Townhouses
2 Condos

11 Expired in October 2002
3 Houses
4 Townhouses
4 Condos

6 Expired in October 2001
2 Houses
2 Townhouses
2 Condos

9 Expired in October 2000
5 Houses
2 Townhouses
2 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The Manhattan Beach Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, Manhattan Beach home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 212 homes for sale in Manhattan Beach and 27 sold. Translation, under current market conditions, in any given month, you have about a 1 in 8 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 212 active listings for sale in the Manhattan Beach Market (Area 142-147): 175 Houses; 36 Townhouses; and 1 Condominiums.

In the past year, there were 324 homes sold in Manhattan Beach (between 11.01.07 and 10.31.08): 258 Houses; 62 Townhouses; and 4 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.5 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 244 days, Townhouses will be on the market an average of 209 days, and Condominiums should be on the market an average of 90 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 7.9 month inventory of homes for sale in Manhattan Beach.

Broken down by specific property type, we find that there is a 8.8 month inventory of Houses, a 5.1 month inventory of Townhouses, and a 0 month inventory of Condominiums on the market in Manhattan Beach. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the Manhattan Beach and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

Manhattan Beach Home Sales by the Numbers
27 sold in October 2008
22 sold in October 2007

212 Current Active Listings
175 Houses
36 Townhouses
1 Condos

27 sold in October 2008
20 Houses
7 Townhouses
0 Condos

24 Expired in October 2008
19 Houses
5 Townhouses
0 Condos

23 Contingent & Pending in October 2007
19 Houses
2 Townhouses
2 Condos

22 Sold in October 2007
18 Houses
4 Townhouses
0 Condos

23 Sold in October 2006
18 Houses
5 Townhouses
0 Condos

35 Sold in October 2005
29 Houses
3 Townhouses
3 Condos

31 Sold in October 2004
28 Houses
3 Townhouses
0 Condos

53 Sold in October 2003
42 Houses
9 Townhouses
2 Condos

43 Sold in October 2002
28 Houses
15 Townhouses
0 Condos

49 Sold in October 2001
40 Houses
7 Townhouses
2 Condos

58 Sold in October 2000
50 Houses
7 Townhouses
1 Condos

7 Expired in October 2007
7 Houses
0 Townhouses
0 Condos

20 Expired in October 2006
17 Houses
3 Townhouses
0 Condos

14 Expired in October 2005
8 Houses
6 Townhouses
0 Condos

11 Expired in October 2004
7 Houses
4 Townhouses
0 Condos

4 Expired in October 2003
4 Houses
0 Townhouses
0 Condos

14 Expired in October 2002
11 Houses
3 Townhouses
0 Condos

10 Expired in October 2001
10 Houses
0 Townhouses
0 Condos

17 Expired in October 2000
16 Houses
1 Townhouses
0 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The El Segundo Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, El Segundo home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 48 homes for sale in El Segundo and 11 sold. Translation, under current market conditions, in any given month, you have about a 1 in 4 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 48 active listings for sale in the El Segundo Market (Area 141): 24 Houses; 13 Townhouses; and 11 Condominiums.

In the past year, there were 108 homes sold in El Segundo (between 11.01.07 and 10.31.08): 64 Houses; 25 Townhouses; and 19 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 2.3 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 135 days, Townhouses will be on the market an average of 187 days, and Condominiums should be on the market an average of 208 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 4.4 month inventory of homes for sale in El Segundo.

Broken down by specific property type, we find that there is a 6 month inventory of Houses, a 3.3 month inventory of Townhouses, and a 3.6 month inventory of Condominiums on the market in El Segundo. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the El Segundo and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

El Segundo Home Sales by the Numbers
11 sold in October 2008
7 sold in October 2007

48 Current Active Listings
24 Houses
13 Townhouses
11 Condos

11 Sold in October 2008
4 Houses
4 Townhouses
3 Condos

1 Expired in October 2008
1 Houses
0 Townhouses
0 Condos

5 Contingent & Pending in October 2008
3 Houses
2 Townhouses
0 Condos

7 Sold in October 2007
2 Houses
2 Townhouses
3 Condos

13 Sold in October 2006
10 Houses
2 Townhouses
1 Condos

15 Sold in October 2005
9 Houses
2 Townhouses
4 Condos

14 Sold in October 2004
6 Houses
3 Townhouses
5 Condos

14 Sold in October 2003
10 Houses
3 Townhouses
1 Condos

12 Sold in October 2002
4 Houses
4 Townhouses
4 Condos

14 Sold in October 2001
13 Houses
0 Townhouses
1 Condos

11 Sold in October 2000
6 Houses
5 Townhouses
0 Condos

2 Expired in October 2007
1 Houses
1 Townhouses
0 Condos

2 Expired in October 2006
2 Houses
0 Townhouses
0 Condos

2 Expired in October 2005
1 Houses
0 Townhouses
1 Condos

0 Expired in October 2004
0 Houses
0 Townhouses
0 Condos

0 Expired in October 2003
0 Houses
0 Townhouses
0 Condos

1 Expired in October 2002
1 Houses
0 Townhouses
0 Condos

2 Expired in October 2001
2 Houses
0 Townhouses
0 Condos

1 Expired in October 2000
1 Houses
0 Townhouses
0 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

The Rancho Dominguez Hills Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, Rancho Dominguez Hills home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 41 homes for sale in Rancho Dominguez Hills and 1 sold. Translation, under current market conditions, in any given month, you have about a 1 in 41 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 41 active listings for sale in the Rancho Dominguez Hills Market (Area 138): 38 Houses; 3 Townhouses; and 0 Condominiums.

In the past year, there were 38 homes sold in Rancho Dominguez Hills (between 11.01.07 and 10.31.08): 38 Houses; 0 Townhouses; and 0 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 0.9 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 360 days, Townhouses will be on the market an average of 0 days, and Condominiums should be on the market an average of 0 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 41 month inventory of homes for sale in Rancho Dominguez Hills.

Broken down by specific property type, we find that there is a 38 month inventory of Houses, a 0 month inventory of Townhouses, and a 0 month inventory of Condominiums on the market in Rancho Dominguez Hills. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the Rancho Dominguez Hills and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
- Buy a Home With NO Money Down
- FREE Seller Reports Sell Your Home Fast And For Top Dollar
- FREE Buyer Reports – Get The Most Home For Your Money
- FREE Over The Net Home Evaluation
- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

Rancho Dominguez Hills Home Sales by the Numbers
1 sold in October 2008
0 sold in October 2007

41 Current Active Listings
38 Houses
3 Townhouses
0 Condos

1 Sold in October 2008
1 Houses
0 Townhouses
0 Condos

8 Expired in October 2008
5 Houses
0 Townhouses
3 Condos

7 Contingent & Pending in October 2008
7 Houses
0 Townhouses
0 Condos

0 Sold in October 2007
0 Houses
0 Townhouses
0 Condos

0 Sold in October 2006
0 Houses
0 Townhouses
0 Condos

1 Sold in October 2005
1 Houses
0 Townhouses
0 Condos

1 Sold in October 2004
1 Houses
0 Townhouses
0 Condos

2 Sold in October 2003
2 Houses
0 Townhouses
0 Condos

1 Sold in October 2002
1 Houses
0 Townhouses
0 Condos

3 Sold in October 2001
3 Houses
0 Townhouses
0 Condos

4 Sold in October 2000
4 Houses
0 Townhouses
0 Condos

0 Expired in October 2007
0 Houses
0 Townhouses
0 Condos

0 Expired in October 2006
0 Houses
0 Townhouses
0 Condos

1 Expired in October 2005
1 Houses
0 Townhouses
0 Condos

1 Expired in October 2004
1 Houses
0 Townhouses
0 Condos

2 Expired in October 2003
2 Houses
0 Townhouses
0 Condos

2 Expired in October 2002
1 Houses
1 Townhouses
0 Condos

3 Expired in October 2001
3 Houses
0 Townhouses
0 Condos

4 Expired in October 2000
4 Houses
0 Townhouses
0 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com

Thirteen elephants have died at the L.A. Zoo since 1975. More than half never lived to age 20. Elephants have a natural lifespan of 60-70 years.

Billy is held in solitary confinement, where he spends his days repetitively bobbing his head up and down in a tiny zoo pen. A win means he will be able to start a new life in a natural-habitat sanctuary where he’ll have the space, natural conditions and companionship that all elephants so desperately need.

Help free Billy and keep future elephants from suffering at L.A. Zoo! Don’t stop your efforts now!

Please attend two crucial meetings next week to show public support for ending Billy’s decades of intense and unnatural confinement at the zoo. We need to encourage city officials to do the right thing!

On Monday, December 1st, the L.A. City Council’s Budget & Finance Committee will hear the motion (#08-2850) presented by Councilmember Tony Cardenas to close the elephant exhibit and send Billy to a sanctuary.

On Tuesday or Wednesday (we’ll let you know as soon as we have confirmation) the full city council will again hear the motion and make its final vote.

The L.A. Zoo is planning to bus their supporters to both meetings. At previous meetings, we’ve equaled or outnumbered them. We can’t stop now!

Come to both meetings and send the message that there is clear and strong support for closing the exhibit and ending Billy’s years of isolation and deprivation. (If you can only attend one, please attend the full council meeting.)

We need everyone’s support at these important meetings!

WHAT: Budget & Finance Committee meeting
WHEN: Monday, December 1 at 1pm
WHERE: L.A. City Hall, 200 N. Spring Street, L.A., 90012, John Ferraro Council Chamber, Room 340

SIGN UP: Please arrive early and sign up to speak during the public comment period on this important issue. Be sure to mark on your public speaker card that you are “for proposal.” Your comments should be focused on fiscal as well as humane issues, especially as the City of L.A. is facing an enormous budget deficit and plans to make major cutbacks in city services.

WHAT: Final vote by L.A. City Council
WHEN: Tuesday, Dec. 2 at 10am -or- Wednesday, Dec. 3 at 10am (awaiting confirmation)
WHERE: L.A. City Hall, 200 N. Spring Street, L.A., 90012, John Ferraro Council Chamber, Room 340

SIGN UP: Same as above. Keep your comments positive, emphasizing the good that the city council can do for elephants by voting to approve the Cardenas motion.

Considering the City of L.A.’s dire economic straits, we cannot afford to build a $42 million elephant exhibit, paid for with taxpayer money, that still will be too small for elephants. So please come to these important meetings and express your support for stopping this ill-advised exhibit where elephants will continue to suffer and die prematurely.

FOUR IMPORTANT ACTIONS YOU CAN TAKE:

1. Attend next week’s committee meeting and final city council meeting!

2. Speak at the meetings during public comment.

3. Call and write the members of the Budget & Finance Committee before Monday.
Even if you’ve written the five council members who make up this committee before, please write again using the new message points below.

Please keep your communications concise and polite. Negativity will not get us the votes we need!

Remember, we are trying to influence city officials to support our position, and we accomplish this by making sound arguments. Please don’t give anyone an excuse to vote against this important motion!

Use the following talking points which are geared toward the budget issues:

The Budget & Finance committee has the unique opportunity to take positive action on this important fiscal and humane issue.

Do the right thing for taxpayers and for the elephants by voting to stop construction of the elephant exhibit at L.A. Zoo.

It’s wrong to waste $42 million in taxpayer money on an elephant exhibit that still won’t provide the space elephants need to thrive.

Taxpayers and the City of L.A. just cannot afford the increased cost of care for a large number of elephants. Elephants are the most costly animals to keep in a zoo.

Too many elephants have suffered and died prematurely at L.A. Zoo from painful health problems caused by inadequate zoo conditions. Treating these problems has cost taxpayers hundreds of thousands of dollars over the years — and the health problems won’t stop in a renovated exhibit that is still too small for elephants.

The city council is in the unique position to help Billy, an elephant who has spent years in solitary confinement in a tiny zoo pen where he constantly bobs his head up and down, an abnormal behavior not seen in the wild.

The City of Los Angeles has made great strides toward becoming more humane. Now it’s time to include elephants by closing the elephant exhibit and sending Billy to a sanctuary as soon as possible.

BUDGET AND FINANCE COMMITTEE MEMBERS:
District 2 - Wendy Greuel
Phone: 213-473-7002 Fax: 213-680-7895
Email: councilmember.greuel@lacity.org

District 8 - Bernard Parks
Phone: 213-473-7008 Fax: 213-485-7683
Email: councilmember.parks@lacity.org

District 11 - Bill Rosendahl
Phone: 213-473-7011 Fax: 213-473-6926
Email: councilmember.rosendahl@lacity.org

District 12 - Greig Smith
Phone: 213-473-7012 Fax: 213-473-6925
Email: councilmember.smith@lacity.org

District 14 - Jose Huizar
Phone: 213-473-7014 Fax: 213-847-0680
Email: councilmember.huizar@lacity.org

4. Call and write the mayor and all of city council before Tuesday.
Please keep your communications concise and polite. Get five friends (or more) to send emails and make phone calls to express their support for shutting down the L.A. Zoo elephant exhibit.

If you (or your friends) don’t live in the City of L.A., please contact the mayor and L.A. City Council President Eric Garcetti (contact info provided below) and express your support for closing the elephant exhibit and sending Billy to a sanctuary.

To locate your councilmember on-line, visit www.lacity.org and scroll down to “My Neighborhood” and enter your address. You can also dial 311 within the City of Los Angeles, or call 213-473-3231 from the Greater Los Angeles area.

CONTACTS:
Mayor Antonio Villaraigosa
Los Angeles City Hall
200 N. Spring St.
Los Angeles, CA 90012
Phone: 213-978-0600 Fax: 213-978-0750
Email: mayor@lacity.org

EMAIL BLOCK (does not include Councilmember Alarcon; use contact form for him as indicated below):
councilmember.reyes@lacity.org; councilmember.greuel@lacity.org; councilmember.zine@lacity.org; councilmember.labonge@lacity.org; councilmember.weiss@lacity.org; councilmember.parks@lacity.org; councilmember.cardenas@lacity.org; jan.perry@lacity.org; councilmember.wesson@lacity.org; councilmember.rosendahl@lacity.org; councilmember.smith@lacity.org; councilmember.garcetti@lacity.org; councilmember.huizar@lacity.org; councilmember.hahn@lacity.org; mayor@lacity.org

District 1 - Ed Reyes
Phone: 213-473-7001 Fax: 213-485-8907
Email: councilmember.reyes@lacity.org

District 2 - Wendy Greuel
Phone: 213-473-7002 Fax: 213-680-7895
Email: councilmember.greuel@lacity.org

District 3 - Dennis P. Zine
Phone: 213-473-7003 Fax: 213-
Email: councilmember.zine@lacity.org

District 4 - Tom LaBonge
Phone: 213-473-7004 Fax: 213-624-7810
Email: councilmember.labonge@lacity.org

District 5 - Jack Weiss
Phone: 213-473-7005 Fax: 213-978-2250
Email: councilmember.weiss@lacity.org

District 6 - Tony Cardenas - ORIGINATOR OF THE MOTION
Phone: 213-473-7006 Fax: 213-847-0549
Email: councilmember.cardenas@lacity.org

District 7 - Richard Alarcon
Phone: 213-473-7007 Fax: 213-847-0707
Email: (use contact form at www.lacity.org/council/cd7/contact.htm )

District 8 - Bernard Parks
Phone: 213-473-7008 Fax: 213-485-7683
Email: councilmember.parks@lacity.org

District 9 - Jan Perry
Phone: 213-473-7009 Fax: 213-473-5946
Email: jan.perry@lacity.org

District 10 - Herb J. Wesson, Jr.
Phone: 213-473-7010 Fax: 213-485-9829
Email: councilmember.wesson@lacity.org

District 11 - Bill Rosendahl
Phone: 213-473-7011 Fax: 213-473-6926
Email: councilmember.rosendahl@lacity.org

District 12 - Greig Smith
Phone: 213-473-7012 Fax: 213-473-6925
Email: councilmember.smith@lacity.org

District 13 - Eric Garcetti
Phone: 213-473-7013 Fax: 213-613-0819
Email: councilmember.garcetti@lacity.org

District 14 - Jose Huizar
Phone: 213-473-7014 Fax: 213-847-0680
Email: councilmember.huizar@lacity.org

District 15 - Janice Hahn
Phone: 213-473-7015 Fax: 213-626-5431
Email: councilmember.hahn@lacity.org

Thank you for taking action to help rescue Billy and shut down the L.A. Zoo elephant exhibit! Please email zoos@idausa.org with any questions or call 323-301-5730.

The Carson Real Estate Market Authority

From the desk of Greg M. Ingerson, Attorney At Law

During the Fall season, Carson home sellers should begin to see a gradual increase in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 345 homes for sale in Carson and 54 sold. Translation, under current market conditions, in any given month, you have about a 1 in 6 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks at least until the “sub-prime” mortgage meltdown crisis is figured out.

The Numbers Don’t Lie, Here Is What’s Happening:
On November 1, 2008, there were 345 active listings for sale in the Carson Market (Area 136, 137, 139, 140): 265 Houses; 38 Townhouses; and 43 Condominiums.

In the past year, there were 414 homes sold in Carson (between 11.01.07 and 10.31.08): 340 Houses; 26 Townhouses; and 28 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 1.2 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 281 days, Townhouses will be on the market an average of 526 days, and Condominiums should be on the market an average of 553 days.

Market Recap for the Month of October 2008
When one compares the October results with the yearly result, we find that there is an approximately 6.4 month inventory of homes for sale in Carson.

Broken down by specific property type, we find that there is a 5.8 month inventory of Houses, a 38 month inventory of Townhouses, and a 6.1 month inventory of Condominiums on the market in Carson. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low. For those hoping that the market will cool, any advantage obtained by waiting for prices to decrease may be offset by higher interest rates.

For more information regarding the Carson and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 for Free Recorded Information 24 Hours a Day.

- Sell Your Home In 120 Days or We’ll Sell It For Free
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- Find Out What The House Down The Street Sold For
- Virtual Tours
- And much more

Carson Home Sales by the Numbers
54 sold in October 2008
14 sold in October 2007

345 Current Active Listings
265 Houses
38 Townhouses
43 Condos

54 Sold in October 2008
46 Houses
1 Townhouses
7 Condos

55 Expired in October 2008
46 Houses
6 Townhouses
3 Condos

134 Contingent & Pending in October 2008
105 Houses
15 Townhouses
14 Condos

14 Sold in October 2007
13 Houses
1 Townhouses
0 Condos

47 Sold in October 2006
30 Houses
14 Townhouses
3 Condos

55 Sold in October 2005
41 Houses
9 Townhouses
5 Condos

46 Sold in October 2004
33 Houses
11 Townhouses
2 Condos

55 Sold in October 2003
37 Houses
13 Townhouses
5 Condos

46 Sold in October 2002
36 Houses
8 Townhouses
2 Condos

46 Sold in October 2001
30 Houses
6 Townhouses
10 Condos

59 Sold in October 2000
46 Houses
9 Townhouses
4 Condos

38 Expired in October 2007
26 Houses
7 Townhouses
5 Condos

18 Expired in October 2006
12 Houses
4 Townhouses
2 Condos

12 Expired in October 2005
10 Houses
0 Townhouses
2 Condos

3 Expired in October 2004
2 Houses
0 Townhouses
1 Condos

7 Expired in October 2003
5 Houses
1 Townhouses
1 Condos

6 Expired in October 2002
6 Houses
0 Townhouses
0 Condos

15 Expired in October 2001
11 Houses
2 Townhouses
2 Condos

15 Expired in October 2000
11 Houses
2 Townhouses
2 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author
Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com