Los Angeles Real Estate Blog

The Palos Verdes Real Estate Market Authority

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

As we head into Spring 2007, Palos Verdes 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 174 homes for sale in Palos Verdes and only 38 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 expect a gradual increase in demand until the sellers that opted to pull their homes off the market of the Holidays increase the inventory by “Re-listing” their homes during the Spring.

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 for the rest of 2007? Demand should increase a little over the coming weeks as many Buyers finally realize that the risk of the “Bubble Bursting” was mostly media hype and the reality is that Real Estate Markets need to be studied one neighborhood at a time.

The Numbers Don’t Lie, Here Is What's Happening:
On February 1, 2007, there were 174 active listings for sale in the Palos Verdes Market (Areas 60-76): 133 Houses; 10 Townhouses; and 31 Condominiums.

In the past year, there were 607 homes sold in Palos Verdes (between 2.01.06 and 1.31.07): 133 Houses; 10 Townhouses; and 31 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 3.5 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 99 days, Townhouses will be on the market an average of 64 days, and Condominiums should be on the market an average of 172 days.

Market Recap for the Month of January 2006
When one compares the January results with the yearly result, we find that there is an approximately 4.6 month inventory of homes for sale in Palos Verdes.

Broken down by specific property type, we find that there is a 4.2 month inventory of Houses, a 2.5 month inventory of Townhouses, and a 15.5 month inventory of Condominiums on the market in Palos Verdes.

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, South Bay 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.

- 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
- Distress Sales
- Virtual Tours and much more …

Palos Verdes Home Sales by the Numbers
38 sold in January 2007
36 sold in January 2006

174 Current Active Listings
133 Houses
10 Townhouses
31 Condos

38 Sold in January 2007
32 Houses
4 Townhouses
2 Condos

50 Contingent & Pending in January 2007
43 Houses
4 Townhouses
3 Condos

36 Sold in January 2006
30 Houses
4 Townhouses
2 Condos

52 Sold in January 2005
38 Houses
5 Townhouses
9 Condos

50 Sold in January 2004
45 Houses
4 Townhouses
1 Condos

62 Sold in January 2003
50 Houses
4 Townhouses
8 Condos

67 Sold in January 2002
50 Houses
13 Townhouses
4 Condos

36 Sold in January 2001
29 Houses
2 Townhouses
5 Condos

48 Sold in January 2000
41 Houses
6 Townhouses
1 Condos

Los Angeles Real Estate 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://Ingerson-Associates.com

The South Redondo Real Estate Market Authority

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

As we head into Spring 2007, South Redondo 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 118 homes for sale in South Redondo and only 16 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 expect a gradual increase in demand until the sellers that opted to pull their homes off the market of the Holidays increase the inventory by “Re-listing” their homes during the Spring.

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 for the rest of 2007? Demand should increase a little over the coming weeks as many Buyers finally realize that the risk of the “Bubble Bursting” was mostly media hype and the reality is that Real Estate Markets need to be studied one neighborhood at a time.

The Numbers Don’t Lie, Here Is What's Happening:
On February 1, 2007, there were 118 active listings for sale in the South Redondo Market (Areas 55-57): 29 Houses; 64 Townhouses; and 25 Condominiums.

In the past year, there were 328 homes sold in South Redondo (between 2.01.06 and 1.31.07): 109 Houses; 137 Townhouses; and 82 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 2.8 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 96 days, Townhouses will be on the market an average of 168 days, and Condominiums should be on the market an average of 110 days.

Market Recap for the Month of January 2006
When one compares the January results with the yearly result, we find that there is an approximately 7.4 month inventory of homes for sale in South Redondo.

Broken down by specific property type, we find that there is a 4.8 month inventory of Houses, a 9.1 month inventory of Townhouses, and an 8.3 month inventory of Condominiums on the market in South Redondo.

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, South Bay 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.

- 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
- Distress Sales
- Virtual Tours and much more …

South Redondo Home Sales by the Numbers
16 sold in January 2007
20 sold in January 2006

118 Current Active Listings
29 Houses
64 Townhouses
25 Condos

16 Sold in January 2007
6 Houses
7 Townhouses
3 Condos

32 Contingent & Pending in January 2007
10 Houses
16 Townhouses
6 Condos

20 Sold in January 2006
6 Houses
7 Townhouses
7 Condos

24 Sold in January 2005
6 Houses
7 Townhouses
11 Condos

34 Sold in January 2004
10 Houses
15 Townhouses
9 Condos

28 Sold in January 2003
7 Houses
11 Townhouses
10 Condos

39 Sold in January 2002
12 Houses
18 Townhouses
9 Condos

26 Sold in January 2001
6 Houses
8 Townhouses
12 Condos

31 Sold in January 2000
9 Houses
14 Townhouses
8 Condos

Los Angeles Real Estate 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://Ingerson-Associates.com

The North Redondo Real Estate Market Authority

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

As we head into Spring 2007, North Redondo 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 130 homes for sale in North Redondo and only 36 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 expect a gradual increase in demand until the sellers that opted to pull their homes off the market of the Holidays increase the inventory by “Re-listing” their homes during the Spring.

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 for the rest of 2007? Demand should increase a little over the coming weeks as many Buyers finally realize that the risk of the “Bubble Bursting” was mostly media hype and the reality is that Real Estate Markets need to be studied one neighborhood at a time.

The Numbers Don’t Lie, Here Is What's Happening:
On February 1, 2007, there were 130 active listings for sale in the North Redondo Market (Areas 51-54): 48 Houses; 79 Townhouses; and 3 Condominiums.

In the past year, there were 585 homes sold in North Redondo (between 2.01.06 and 1.31.07): 223 Houses; 352 Townhouses; and 10 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 4.5 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 77 days, Townhouses will be on the market an average of 81 days, and Condominiums should be on the market an average of 108 days.

Market Recap for the Month of January 2006
When one compares the January results with the yearly result, we find that there is an approximately 3.6 month inventory of homes for sale in North Redondo.

Broken down by specific property type, we find that there is a 4.8 month inventory of Houses, a 3 month inventory of Townhouses, and an estimated 3 month inventory of Condominiums on the market in North Redondo .

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 , South Bay 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.

- 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
- Distress Sales
- Virtual Tours and much more …

North Redondo Home Sales by the Numbers
36 sold in January 2007
23 sold in January 2006

130 Current Active Listings
48 Houses
79 Townhouses
3 Condos

36 Sold in January 2007
10 Houses
26 Townhouses
0 Condos

79 Contingent & Pending in January 2007
32 Houses
46 Townhouses
1 Condos

23 Sold in January 2006
7 Houses
4 Townhouses
2 Condos

55 Sold in January 2005
19 Houses
34 Townhouses
2 Condos

51 Sold in January 2004
20 Houses
31 Townhouses
0 Condos

42 Sold in January 2003
18 Houses
21 Townhouses
3 Condos

58 Sold in January 2002
18 Houses
39 Townhouses
1 Condos

35 Sold in January 2001
7 Houses
27 Townhouses
1 Condos

40 Sold in January 2000
22 Houses
17 Townhouses
1 Condos

Los Angeles Real Estate 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://Ingerson-Associates.com

The San Pedro Real Estate Market Authority

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

As we head into Spring 2007, San Pedro 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 193 homes for sale in San Pedro and only 48 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 expect a gradual increase in demand until the sellers that opted to pull their homes off the market of the Holidays increase the inventory by “Re-listing” their homes during the Spring.

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 for the rest of 2007? Demand should increase a little over the coming weeks as many Buyers finally realize that the risk of the “Bubble Bursting” was mostly media hype and the reality is that Real Estate Markets need to be studied one neighborhood at a time.

The Numbers Don’t Lie, Here Is What's Happening:
On February 1, 2007, there were 193 active listings for sale in the San Pedro Market (Areas 790-93): 122 Houses; 23 Townhouses; and 48 Condominiums.

In the past year, there were 649 homes sold in San Pedro (between 2.01.06 and 1.31.07): 122 Houses; 23 Townhouses; and 48 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 118 days, Townhouses will be on the market an average of 62 days, and Condominiums should be on the market an average of 121 days.

Market Recap for the Month of January 2006
When one compares the January results with the yearly result, we find that there is an approximately 4 month inventory of homes for sale in San Pedro.

Broken down by specific property type, we find that there is a 4.4 month inventory of Houses, a 2.9 month inventory of Townhouses, and a 4 month inventory of Condominiums on the market in San Pedro.

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, South Bay 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.

- 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
- Distress Sales
- Virtual Tours and much more …

San Pedro Home Sales by the Numbers
48 sold in January 2007
26 sold in January 2006

193 Current Active Listings
118 Houses
62 Townhouses
121 Condos

48 Sold in January 2007
28 Houses
8 Townhouses
12 Condos

66 Contingent & Pending in January 2007
46 Houses
11 Townhouses
9 Condos

26 Sold in January 2006
11 Houses
7 Townhouses
8 Condos

56 Sold in January 2005
29 Houses
17 Townhouses
10 Condos

67 Sold in January 2004
45 Houses
10 Townhouses
12 Condos

48 Sold in January 2003
27 Houses
8 Townhouses
13 Condos

66 Sold in January 2002
32 Houses
15 Townhouses
19 Condos

48 Sold in January 2001
26 Houses
4 Townhouses
18 Condos

48 Sold in January 2000
32 Houses
10 Townhouses
6 Condos

Los Angeles Real Estate 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://Ingerson-Associates.com

The Hermosa Beach Real Estate Market Authority

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

As we head into Spring 2007, Hermosa Beach 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 74 homes for sale in Hermosa Beach and only 10 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 expect a gradual increase in demand until the sellers that opted to pull their homes off the market of the Holidays increase the inventory by “Re-listing” their homes during the Spring.

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 for the rest of 2007? Demand should increase a little over the coming weeks as many Buyers finally realize that the risk of the “Bubble Bursting” was mostly media hype and the reality is that Real Estate Markets need to be studied one neighborhood at a time.

The Numbers Don’t Lie, Here Is What's Happening:
On February 1, 2007, there were 74 active listings for sale in the Hermosa Beach Market (Areas 48-50): 37 Houses; 31 Townhouses; and 6 Condominiums.

In the past year, there were 212 homes sold in Hermosa Beach (between 2.01.06 and 1.31.07): 107 Houses; 78 Townhouses; and 27 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 2.9 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 124 days, Townhouses will be on the market an average of 143 days, and Condominiums should be on the market an average of 80 days.

Market Recap for the Month of January 2006
When one compares the January results with the yearly result, we find that there is an approximately 7.4 month inventory of homes for sale in Hermosa Beach.

Broken down by specific property type, we find that there is a 6.2 month inventory of Houses, a 10.3 month inventory of Townhouses, and a 6 month inventory of Condominiums on the market in Hermosa Beach .

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 , South Bay 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.

- 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
- Distress Sales
- Virtual Tours and much more …

Hermosa Beach Home Sales by the Numbers
10 sold in January 2007
10 sold in January 2006

74 Current Active Listings
37 Houses
31 Townhouses
6 Condos

10 Sold in January 2007
6 Houses
3 Townhouses
1 Condos

23 Contingent & Pending in January 2007
10 Houses
11 Townhouses
2 Condos

10 Sold in January 2006
4 Houses
4 Townhouses
2 Condos

10 Sold in January 2005
8 Houses
0 Townhouses
2 Condos

21 Sold in January 2004
13 Houses
5 Townhouses
2 Condos

17 Sold in January 2003
11 Houses
5 Townhouses
1 Condos

33 Sold in January 2002
15 Houses
11 Townhouses
7 Condos

9 Sold in January 2001
3 Houses
2 Townhouses
4 Condos

26 Sold in January 2000
11 Houses
11 Townhouses
4 Condos

Los Angeles Real Estate 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://Ingerson-Associates.com