Here are home sales for North Redondo Beach, Area 151 (located north of Artesia Blvd and south of Manhattan Beach Blvd.
|Address||Sq Ft.||Lot Size||Year||B/B||DOM||Sold||Original List||Variance|
|2120 Dufour Ave, #18 *||1,368||45,019||1975||3/2.5||45||$499,000||$520,000||-4%|
|2224 Bataan Rd, #2 * (S)||1,350||7,508||1980||2/2.5||7||$501,500||$465,000||+8%|
|2000 Mathews Ave, #2 *||1,238||11,256||1977||2/2.5||8||$505,000||$479,000||+5%|
|2105 Mathews Ave, #7 *||1,972||22,498||1978||3/4||28||$620,000||$625,000||-1%|
|3506 Rindge Ln||1,082||4,095||1952||3/2||38||$630,000||$599,000||+5%|
|2000 Voorhees Ave, #9 *||1,758||15,017||1952||3/3||75||$633,500||$639,000||-1%|
|3506 McBain Ave||1,318||6,092||1950||3/2||9||$685,000||$669,000||+2%|
|2516 Gates Ave, #A *||1,818||7,511||2006||3/2.5||42||$715,000||$720,000||-.5%|
|2020 Nelson Ave||1,349||3,331||1961||2/2||15||$725,000||$689,000||+5%|
|2006 Bataan Rd||1,503||7,503||1948||2/1||46||$725,000||$750,000||-3%|
|1910 Ernest Ave, #B *||2,113||7,505||1988||4/2.5||58||$740,000||$769,000||-4%|
|2301 Nelson Ave, #A *||2,212||6,295||1992||4/2.5||28||$820,000||$779,000||+5%|
|2418 Gates Ave, #A *||2,316||7,485||2003||4/2.5||23||$835,000||$834,995||0%|
|2204 Phelan Ln *||2,621||7,322||1990||4/4.5||5||$845,000||$799,000||+6%|
|1924 Nelson Ave, #B *||2,480||7,500||2008||4/2.5||8||$900,000||$899,900||0%|
|2015 Graham Ave||2,795||5,177||2006||5/3||8||$1,195,000||$1,149,000||-4%|
|1906 Gates Ave||3,380||5,399||2013||4/4.5||5||$1,250,000||$1,250,000||0|
Homes are moving quickly. 75 Days on Market is the longest any one of these properties sat on the market before the seller accepted an offer. Many of these listings sold within a week. And there were some that sold in 2-6 weeks. More often than not buyers are seeing homes come on the market only to disappear in days. There is still high demand with little inventory. If you’re a buyer, I advise you to put your best foot forward. This is not a market in which you can come in low and negotiate with the seller. You have to compete with other aggressive buyers. You may not even get a chance for a counter offer.
Tips On Making A Stronger Offer
1. If you are financing the purchase, making as a large a down payment as possible is important.
2. Making a 3% good faith deposit always shows that you’re a serious buyer. You can increase this deposit. (The good news is that the contract limits your liquidated damages to the 3% so anything over would come back to you if you were in breach of contract.) If you really want to make an impression, you can release the deposit to the seller immediately. But keep in mind that if you cancel, you are walking away from this money.
3. Waiving the appraisal contingency. If you love the property and you don’t mind paying a premium, then agree to waive the appraisal contingency. If the appraisal comes in lower and the bank will only lend a certain amount, then you will be responsible for coming out of pocket for the balance. This is a great tactic in a seller’s market, because the seller doesn’t have to be concerned with taking a high offer that might not appraise.
4. Paying for seller’s costs. You can offer to pay some or all of the seller’s closing costs such as escrow fees, county and city transfer taxes, termite work, title insurance, etc.