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Welcome to South Bay Real Estate by Gerry! My website is your resource for real estate information in the South Bay of LA. Create your customized search for homes in Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, Lomita, Hawthorne and more! Receive the monthly South Bay Real Estate Report which keeps you up-to-date on homes sales in each city. At no obligation, find out the value of your home. Search recent sales near your home.
I am a real estate professional with RE/MAX serving sellers and buyers in the South Bay of Los Angeles. I work in Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, Lomita and surrounding cities. My service is your key.
"My Service is your Key"
1720 S. Elena Avenue
Redondo Beach, CA 90277
310-413-4089 - cell
CA BRE # 01742286
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Housing Market Expected to “Spring Forward”
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
Where Did Americans Move in 2016?
- For the 5th year in a row, the Northeast saw a concentration of “High Outbound” activity.
- For the first time ever, South Dakota held the top spot for “High Inbound” states.
- Much of America’s outbound activity can be attributed to Boomers relocating to warmer climates after retiring.
Mortgage Rates Impact on 2017 Home Values
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.
Over Half of All Buyers Are Surprised by Closing Costs
According to a recent survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage.
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.