Header 
 
Visit Our Website
                                                                                                View Our Listings
Fall 2007 Articles
South Bay Market Update
First Time Home Buyers
Timing the Market
Median Home Prices
Home Links
 
 
 
 
 
About Keith Kyle
 
 
 
 
 
South Bay Brokers Inc Logo
Dear Keith
 
W
elcome to the fall edition of the KKH real estate newsletter for the South Bay and Beach Cities.  Whether you are considering buying or selling a home in the South Bay, we hope we can provide you with valuable information and help along the way.
 
November 28 Sunset in Hermosa Beach 
Hermosa Beach sunset November 28, 2007
This is why we live here....
 
The reality of realty...
For Sale SignWhere is the market heading? 
 
While most headlines proclaim the extreme slowdown in the real estate market, most of the information given is based on the national housing situation and the reality in the South Bay is quite a bit different.  Much depends on the specific city in the South Bay.  Homes in cities such as Manhattan Beach and Hermosa Beach haven't been impacted quite as much as some areas of Torrance, Lomita, Hawthorne and others in which there are fewer first time home buyers, tougher mortgage restrictions, and a higher number of foreclosure listings.
 
First Time Homebuyers....
5113 124th Street Hawthorne If you are new to the home searching and buying world, this series of articles is for you.
 
Buying your first home can be a stressful  experience.  Having information on how to start searching, steps to getting a loan, finding out how much you can afford and all of the costs involved can make the process much easier.Click to read the first article in the series "First Time Homebuyer Tips".
 
Waiting for the bottom of the South Bay Market?
Should you try to time the market?  Dollar Sign
 
Many buyers I meet and work with are interested in waiting to buy at the bottom of the market. It is certainly natural to want to purchase a home, perhaps the largest and most significant purchase in one's life, when you are confident that the price will only go up.   With the South Bay real estate market slowing down and some area housing markets getting hit on a number of fronts, including an over abundance of inventory, increasing foreclosures, higher interest rates, and more restrictive lending practices, whether to wait, and for how long, is a very important question.
 
South Bay Home Prices
Whether you are buying or selling in the South Bay...we can help.  Visit our website for monthly sales updates and information on recent home sales.
City
Number Sold October 07 Median
October 06 Median
 % Change
El Segundo 6 $517,500 $770,000 -32.79%

Hermosa

12 $1,262,000 $857,000 47.32%

Lawndale

9 $450,000 $472,000 -4.66%

Manhattan

17  $1,665,000 $1,512,000 10.08%

Redondo

62 $825,000 $759,000 8.70%

San Pedro

36 $496,500 $530,000 -6.32%
Torrance 84  $577,000 $552,500 -4.63%
Featured City - Hollywood Riviera
Hollywood Riviera ViewWelcome to Hollywood Riviera, the center of the South Bay 
 
With one of the most picturesque views in all of the South Bay, the area of Torrance and Redondo known as the Hollywood Riviera have it all.  Award winning schools, great neighborhoods, ocean views and breezes and fantastic shopping are just a few of the things that make this area so special.
 
We hope that you have found this information both informative and helpful.  Whether you are buying or selling a home, understanding the process and the market is critical.  If we can help steer you through this stressful and time consuming process, please don't hesitate to contact us.
 
Sincerely,
 

Keith Kyle
South Bay Brokers
2501 N Sepulveda
Manhattan Beach CA 90266
310-251-2344
This email was sent to keith.kyle@southbaybrokers.com, by keith.kyle@southbaybrokers.com
South Bay Brokers | 2501 N. Sepulveda Blvd. | Manhattan Beach | CA | 90266

No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.503 / Virus Database: 269.16.10/1159 - Release Date: 11/29/2007 11:10 AM