by cgilles | Jan 30, 2014 | a-South Bay, Real Estate, South Bay Homes, Torrance
If you are holding off selling your property but you do want to relocate. You might want to consider putting your house on the market now. The reason being the home inventory is down because of the following reasons.
While prices have been rising, sales activity has not followed. In December, only 308 single-family homes were sold, down nearly 9 percent from a year earlier, as inventory dropped.
There is only six weeks supply of inventory on the market, The supply and demand rule is in motion.
One of the reasons for a lack of supply is that there is a low inventory of distressed homes on the market.
This along with homeowners, many who have been underwater for the last few years and who plan to sell are waiting for getting the benefit of rising prices.
by cgilles | Jan 27, 2014 | a-South Bay, Blog, Real Estate, South Bay Homes
According to the National Association of Realtors homes sales in 2013 were the highest level in seven years.
Sales totaled 5.09 million, the best performance since 2006, when sales totaled 6.48 million. The median price of an existing home rose 11.5 percent last year to $197,100, the highest in eight years.
This is more proof that our real estate market is on the upswing and all is getting healthy once more.
by cgilles | Jan 24, 2014 | a-South Bay, Blog, Real Estate, Redondo Beach, San Pedro, Torrance
San Pedro along with other South Bay cites is making a new effort to entice “Hollywood” to bring their film making back to the South Bay. We have a long history of films being shot in our community because of the diverseness of the area, but less and less are now being filmed here.
San Pedro has always been great for the harbor shots. With its old buildings and warehouses that can look like the east coast and now with the Battleship Iowa docked, the possibilities are endless.
Our beaches can take on a look of Miami Beach, for instance, just study the scenes in Miami CSI. This series was shot here in Manhattan and Redondo Beaches. We have historic Elem entry and High schools such as Fern Elementary and Torrance High School which are both circa 1920s and are national historic building. These schools have been used on numerous occasions. Or how about using the beautiful old Library building at Veterans Park in Redondo Beach?
So we have the venues needed now we need to put our heads together and come up with create ways to lure ”Hollywood” back. Certainly we need to petition Sacramento to give more monetary incentives to the filmmakers. What the general public does not understand is that a city, private business or even private individuals get paid when their property is used. In fact many a church have fattened thir coffers in this manner.
Something is very wrong when it is more cost effective to film across the country, moving crews, equipments and personnel than filming right here in Hollywood’s back yard.
San Pedro along with other South Bay cites is making a new effort to entice “Hollywood” to bring their film making back to the South Bay. We have a long history of films being shot in our community because of the diverseness of the area, but less and less are now being filmed here.
San Pedro has always been great for the harbor shots. With its old buildings and warehouses that can look like the east coast and now with the Battleship Iowa docked, the possibilities are endless.
Our beaches can take on a look of Miami Beach, for instance, just study the scenes in Miami CSI. This series was shot here in Manhattan and Redondo Beaches. We have historic Elem entry and High schools such as Fern Elementary and Torrance High School which are both circa 1920s and are national historic building. These schools have been used on numerous occasions. Or how about using the beautiful old Library building at Veterans Park in Redondo Beach?
So we have the venues needed now we need to put our heads together and come up with create ways to lure ”Hollywood” back. Certainly we need to petition Sacramento to give more monetary incentives to the filmmakers. What the general public does not understand is that a city, private business or even private individuals get paid when their property is used. In fact many a church have fattened theri coffers in this manner.
Something is very wrong when it is more cost effective to film across the country, moving crews, equipments and personnel than filming right here in Hollywood’s back yard.
by cgilles | Jan 23, 2014 | a-South Bay, b-Distress Sales, b-Foreclosure, Blog, Real Estate
According to Gregory J. Wilcox of the Los Angeles Daily News, there is good news for the real estate market as we look ahead to 2014. Foreclosures were down a full 60% all across Southern California in 2013’s fourth quarter. This is another indication that the housing market continues on a upswing. swingingsold
“In 2013, we got a better economy and a housing market that is much improved. Overall, this is good news as we look ahead to 2014. Still, the housing market will bump into supply constraints, and interest rates — still close to historical lows — are on the rise,” said Robert Kleinhenz, chief economist at the Kyser Center for Economic Research in Los Angeles.
As we enter into 2014 we will see more and more evidence of the healing of the realty market.
by cgilles | Jan 10, 2014 | a-South Bay, Blog, Manhattan Beach, Real Estate
The Manhattan Beach Planning Commission, scrapped a proposal to limit offices and banks to open on store front properties.
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Under the now defunct proposal, new offices and banks would not be allowed on street fronts on Manhattan Beach Boulevard, Highland Avenue and Manhattan Avenue downtown or on Highland and Rosecrans avenues in the north end, but existing offices and banks would be permitted to remain.
Understanding the concerns, the commissioners directed the staff to undertake developing a master plan by acquiring more public comment, possible at a public forum or workshop.
by cgilles | Jan 9, 2014 | a-South Bay, b-Tips, Blog, Real Estate, South Bay Homes
I know that it seems like all you are doing is putting out money and you do to even own the home yet. But this is a must do expense. I do prefer that clients use their own inspector so they are totally comfortable with the results. The best thing to do is ask friends and acquaintance for recommendations. Be sure you get references from the Inspector and check them out. You want a licensed and certified master inspector.
This cost you a few hundred dollars, but is well worth the money. You could negotiate with seller to see if they will pay for the inspection. After all it is their property they are trying to sell to you as your dream home. Lets make sure it is not a money pit. Below are the area of the home inspection.
Structural Inspection
Roofing and Exterior Inspection
HVAC, Plumbing and Electrical Inspection
Interior Inspection
Insulation and Ventilation Inspection
Insist the property is inspected for dangerous molds.
Be sure a get a copy of the report and keep it for your records.
