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  • The Redondo Beach Market Continues to Rise

    Posted on March 5th, 2013 acimetta No comments

    Prices continue to go up in Redondo Beach. Case in point, 1625 Morgan Lane came on the market last week (brokered by KW). This is a 3 bedroom Tall & Skinny in the Golden Hills, close to Jefferson Elementary. It has been nicely remodeled. The kitchen has been redone, There are hardwood floors downstaris. And unlike most Tall & Skinnys, all the bedrooms are upstairs which is a huge selling point. The bathrooms were not remodeled, but are very clean. The biggest down side, in my opinion is that the living space (on the first floor) does not get much light. Anyway, it was priced at $759,000. In a few days, the seller had amassed 16 offers, going well over asking. I can reveal the final price once the property closes. This home is ultimately going to sell for more than it may even appraise at. However, the winning bidder may have removed the appraisal contingecny, eliminating this issue altogether.

    A few more examples are:

    1641 Ford Ave: Listed at $699,000. Sold at $720,000

    1517 Stanford Ave: Listed at $739,000. Sold at $769,000. This was my listing. I had 4 offers and the winning bidder was all cash, no appraisal contingency.

    1503 Stanford Ave: Listed at $759,000. Sold at $7990,000

    1610 Van Horne Lane: Listed at $825,000. Sold at $840,000.

    Buyers are being aggressive. If inventory continues to remain low, this marke could continue to rise. The question is are we creating another bubble?

  • 19915 Redbeam Ave in Torrance – $845,000

    Posted on January 23rd, 2013 acimetta No comments

    I previewed 19915 Redbeam Ave in Torrance today. (Brokered by Shorewood). Great location. House needs updating. The kitchen appliances all seem original. The house still has that seventies feel. But the benfits are a nice backyard with generous patio space, a veryu open floor plan downstairs, the master bedroom gets a lot of light and there is a main floor bedroom. If you’re in the market for a home in West Torrance in a great neighborhood, this could be it!