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Redondo Beach, CA Real Estate News

By Mike Bjork
(Evolve Bank & Trust)
  http://MikesDailyMarketReport.com     Happy Cinco De Mayo, Everyone!!!!  
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
WHAT IS A SHORT SALE? Foreclosure on a home has consequences for the family, the community, the housing market, and the economy.  However, the option for a short sale provides a way for troubled homeowners to prevent foreclosure and many of the dire penalties involved.   A short sale is an agreement in which your mortgage lender agrees to accept a payoff on the loan for less than the balance.  Many lenders agree to a short sale because they receive more of the loan balance in comparison to the amount they would gain from selling the property following a foreclosure.  This process also aides in maintaing home values in the community and helps the homeowner maintain a better level of credit compared to a foreclosure.  In most instances, homeowners considering a short sale must meet specif...
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By Mike Bjork
(Evolve Bank & Trust)
  http://MikesDailyMarketReport.com     *It's a little longer today because I wanted to touch on Bernanke's Press and FOMC Statements released later in the day yesterday.  
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By Pia Lyotier, Pia_Lyotier
(Pacific Coastal Home Staging)
Today in California it is amazingly Spring in all areas. I am working on a great project, it is so refreshing, but I am not finished so I can't share all the pictures. But with the day and the way the economy is going, it is good to hear that so many realtors are getting more used to Home Stagers.  Many seem to have been so hesitant to get involved, but the pictures on the net, show the quality of staging, and how some of it does great and some of it is not so great. Now that it is a complete buyers market, the truth is you have about 30 seconds or less to impress a buyer, and as it all starts on the internet, if your rooms don't "WOW" immediately, you can be sure that the buyers won't be bothering to even look at the property.  It will always be the listings with the best pictures, and...
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By Krystyna Baty Ryan, HONESTY TRUST TECHNOLOGY SERVICE RESULTS
(Broker)
We have recorded an increase in the average home selling price in Redondo Beach real estate last month.  Redondo Beach average home sale price in March 2011 went up by 0.7 percent compared to the same period 12 months ago. Average sale price also increased on the month-to-month basis.  It was $721,400 compared to the average price of $628,176 in February. The number of sales went down by 18 percent.  Redondo Beach SoldListings AverageSelling Price AverageDOM March 2011 62 $721,400 62 March 2010 76 $716,232 76  All stats are compiled from the California Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Please contact me for a Free market report for your area or your property.  Visit www.southbayhousevalues.com for a free home evaluation delivered to yo...
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