|Remodeled Kitchen 2105 Mathews Unit 12|
Another eight properties went into escrow and six closed escrow leaving us with 24 home sales closed through the first 20 days, a staggering 59 currently in escrow and 78 active listings which is certainly more inventory than we've seen earlier in the year.
Buyers are interpreting the buildup of inventory as a "slowdown" but I'm not so sure as long as we are seeing about an equal number of properties come on the market as go into escrow. What I do see happening is that some sellers are getting ahead of the market and pricing their properties considerably higher than they should be. I've written about that previously because it is a mistake that may ultimately cost the seller. The idea of "testing the market" or "leaving room to negotiate" just isn't the right strategy today. Price your listing to sell.
My listing at 2105 Mathews Unit 12 is a great deal and not just because I listed it! Really. Here's what I said about it in the MLS:
|2105 Mathews Unit 12 Redondo Beach Townhouse for Sale|
It is priced at $649K which makes it extremely competitive with 3 on a lots priced that are substantially smaller. Some buyers will cleverly over look it because it is on Mathews near the Albertson's but that would be a mistake because it is in the back of the complex and very quiet. FYI, Zillow has it at $775K "Zestimate", which is most likely $100K higher than it will sell for.
I wrote about the Amir Amiri new construction on Clark last week and I am fairly blown away by the pricing all things considered. These are 4 bedroom Tall & Skinny SFR priced at and above $1.2M
1615 Clark Lane is listed at $1,195,000 for a 4 bedroom 1934 standard floor plan SFR and 1617 Clark Lane is priced at a staggering $1,245,000. Don't get me wrong, I like these properties but not crazy about the location but there are a number of other Redondo Beach homes I would buy before I shelled out this much for these properties.
MID $900's is the "NEW NORMAL"
|Redondo Beach CA detached 2 on a lot Townhouse|
CLOSED HOME SALES
As I mentioned 6 homes closed escrow. Nothing particularly outstanding or unique here. A lot of demand for anything right around or under $600K and new detached townhouses with 2111 Curtis selling for $987,000 (down from $999,000). There's a lo of turnover in "V-C-R" my acronym for Vanderbilt, Carnegie, Rockefeller. If you throw Grant into the mix those 4 blocks are the most activity historically in N Redondo because of affordability and density.
The detached 2 on a lot on Curtis was "built by renowned Mark La Charite Homes in 2010. Mediterranean floor plan with all 4 bedrooms, 2.5 bathrooms & laundry room upstairs. Gorgeous gourmet kitchen with commercial grade Jenn-Air stainless steel appliances and granite slab countertop. Granite counters also in powder bath and master bath. Spacious living room with gas fireplace. Beautiful Brazilian cherry hardwood floors throughout downstairs. Brand new carpet upstairs....Huge master suite with gas fireplace, separate sitting area with built-in bookshelves and balcony, spa tub and enormous walk-in closet. Beautiful custom wrought iron inside and out. Beautiful random-stamped pattern showcased in driveway and rear yard. Fenced backyard for outdoor grilling & entertaining. Attached 2 car garage. Custom shutters throughout upstairs & downstairs. A fantastic family home conveniently located near parks,restaurants, and beaches."
IN ESCROW WEEK OF 9.15.2014
A few properties that had been lingering on the market for quite a while finally went into escrow including 2121 Farrell, 700 Meyer, and 2606 Huntington.
if you or anyone you know is thinking of Buying or Selling in Redondo Beach, Hermosa Beach, or Manhattan Beach you owe it to yourself to talk to me. There is a difference in Realtors!
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