Real Estate and homes for sale in Manhattan Beach, Hermosa, Redondo Beach, Torrance and El Segundo
Real Estate and homes for sale in Manhattan Beach, Redondo Beach, Hermosa, Torrance and El Segundo
While it would be nice if the weather cooperated we still wanted to welcome summer to the South Bay, Beach Cities and Palos Verdes! Enjoy and stay safe!
From realtor Keith Kyle and Vista Sotheby’s International Realty we wanted to wish you a very happy summer.
Keep up with the real estate market in South Redondo Beach. South Redondo, or homes in the 90277 zip are generally more expensive than 
the equivalent homes in North Redondo…..why? The primary reason is location as South Redondo extends all the way to the beach along the Esplanade, whereas homes in North Redondo are a car ride or longer walk/bike ride from the beach. Take a look below at the most recent real estate trends and statistics for only the 90277 zip in South Redondo Beach.
View the current homes for sale in the 90277 zip code area of South Redondo Beach CA
The chart below displays the number of rcent active homes for sale (light green) pending sales (red line) and closed home sales (dark green)
We’ve seen a big turn around for pending home sales (homes going into escrow) for the South Bay since the beginning of the year. December 
saw a low point with only 267 pending sales. It’s gone up dramaticallywith 366 pending sales in January and 503 homes in February. Active homes for sale in the South Bay are following a similar trend although the increase in active listings isn’t quite as dramatic.
This information and the chart below includes the South Bay cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.
The numbers are in and Sotheby’s International Realty continued to grow and offer their clients an unparalled level of exposure for their
homes.While Sotheby’s was already one of the most trusted and reputable brands in real estate, the company continues to increase what they have to offer.
Some of the very impressive 2019 stats include $114 billion dollars in overall sales, 1,000 offices in 70 contries, 34 million visits to sir.com (Sotheby’s International Realty website) which was 14% higher than 2018, and 41 of the top 250 agents in the country.
For our clients looking for a global reach and international exposure for their home Sotheby’s has offices in 70 coountries and 1 of every 3 offices is outside of the United States.
Contact top South Bay realtor Keith Kyle to see how he can put the power of Sotheby’s to use for you.
It’s become pretty clear just how important both online search and realtors are in the current market. It appears that most people used a combination of online searches along with a realtor to find their dream homes. Given that most realtors these days send daily listing updates for new homes to their clients it’s not surprising. If we can help with your home search please tell us about your ideal home and we’ll do the rest.
One thing that justifiably concerns both home buyers and sellers are contingencies. Contingencies are basically just conditions that have to be met in order for the purchase of the home to be finalized. The most prominent contingencies are inspection, appraisal and loan. The
boilerplate timeframes on the CAR (California Association of Realtors) purchase agreement, or the standard offer, are 17 day contingencies for inspections/investigations, 17 day for appraisal and 21 days for loan. These are negotiable during the offer and counter but those are the standard timeframes.
So what do they mean?
Every situation may be different so we’ll stick with a normal situation. What it means is that you have that amount of time to get those tasks accomplished. For instance you have 17 days (again if that’s the timeframe negotiated) to have any an all investigations, inspections, etc. to completely satisfy your concerns. On day 17 the sellers would expect you to remove, in writing, that contingency. California is an active contingency state so contingencies don’t automatically expire on a certain day….they must be removed in writing. Once contingencies are removed it becomes more difficult to get your initial deposit back (usually 3% of purchase price in our area) unless there is some type of breach of contract by the other party or unless the other party agrees.
Worried about meeting your transaction contingencies in order to have a smooth home sale? I’m here to help! Send me a message with your questions.
