May 2016 Local Properties Market Intelligence Reports

la-housing-market-reportsClick to view interactive local real estate market intelligence reports below:

southbay-marketreport
South Bay Market Intelligence Report

South Bay Market Intelligence Report (Japanese Edition)

Palos Verdes & Harbor Market Intelligence Report
Palos Verdes & Harbor Market Intelligence Report (Japanese Edition)

Westside+ Market Intelligence Report
Westside+ Market Intelligence Report (Japanese Edition)

Interested in buying or selling your home? Please call me, Lucy Garber, at (310) 293-4866.

1909 Nordman St, Lomita 90717

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LISTING PRICE: $605,000

You’ve heard Location, Curb Appeal and Great Floor Plan – must haves for your new home!

Well look no further. Located on a cul-de-sac with an Excellent layout, this is it. Gorgeous front door opens to the foyer where there is direct access to the 2 car attached garage. Large living room with lovely gas fireplace and French doors that open onto the patio. Great space for family. HUGE dining room with bay front window is great for large dinner parties or divide the room into dining and family room space… it’s that big. Kitchen and laundry area are side-by-side. which is so convenient. Enjoy a true Master suite with private bathroom. New gleaming flooring throughout most of the home. Much of the home has been freshly painted using designer colors.

Spacious grassy yard with lovely shade from neighboring tree. Patio and Sunroom for extra outdoor living space. Newer roof and termite work has been completed. Located near Lomita Park, enjoy Founders Day fireworks show from your own home.

3 BEDROOMS
2 BATHS
1,615 SQ. FT.
BUILT 1957

MLS# SB15165782

Please call me at (310) 293-4866 to learn more or to see this lovely home!

New Townhome Listing:
26002 Pennsylvania Ave, Lomita

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  • 9bathroom

This is it! Freestanding newer townhome with a private yard and South of PCH. Looks and feels like a single family home. This 4 bedroom 2.5 bath has it all. First level features… Living room with gas fireplace. Clean Kitchen has a garden window, spacious tile counters, new microwave plus Laundry area and half bath. There is direct access to the attached 2 car garage. The Dining room slider opens to the private yard with low maintenance grass and patio area also a spa. The upper level boasts of 4 bedrooms which includes a large master suite, walk in closet and private bathroom with dual vanity. Super close to some great shops and Rolling Hills theater. Approximately 5 miles to the beach. Don’t miss out!

26002 Pennsylvania Ave # 7, Lomita 90717

List Price: $456,000
4 Bedroom
2 Full & 1 Half Bathroom
Two-level Mediterranean
In 8-Unit Building
Has pool and fireplace
$220/month HOA
Built 1990

MLS #SB14158817

Call Lucy Garber at 310) 293-4866 to learn more!

What is Shadow Inventory and How it Affects Home Sellers

Have you heard the term “shadow inventory”? This is what is referred to the bank-owned homes that have not yet been released to the market.

Across the nation, there is a significant amount of homes owned by banks due to foreclosures. These are referred to “inventory”, and they are “shadow” because the home buyers and Realtor do not have visibility to them yet. A glut of homes on the market would lower all home prices in the area, favoring buyers but not sellers.

But… heads up to homeowners looking to sell their homes in the South Bay:
Right now, the shadow inventory being released to the market is very low, so there is actually a shortage of homes for sale in the South Bay. Nearly all homes for sale in the South Bay are receiving multiple offers at this time, so it’s a good time to sell your home, especially if you are under water. It is more likely you’ll be able to get more for your home because of competing offers.

This window of opportunity for South Bay home sellers will close as soon as the tap is opened by the banks on their shadow inventory for our area. So if you’re looking to sell, please call me at (310) 293-4886 ASAP to list your home. Now selling homes in Torrance, Lomita, Palos Verdes and Redondo Beach.

3 Bedroom / 2 Bath Townhome available for Lease in Lomita

A Townhome located South Of PCH. A great open floor plan with high ceilings in the living area and a balcony for BBQ’s. A private master suite on the ground floor and 2 roomy bedrooms up stairs. The bathroom upstairs has been nicely remodeled. 2 car attached garage with laundry hook-ups. Close to shopping areas.

1,172 sq. ft.
Direct Garage Access
Two Level
Built in 1980
$1,550
MLS #S11137592

Listed by Lucy Garber
Prudential California Realty
(310) 293-4866
DRE# 1100090