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Redo Torrance Gardens Market Watch

Residential Single Family-Active Address 1747 Juniper Ave (1) ACTIVE Bd 3 Avg Br 1 Sq Ft 1,342 1,342 High Residential Single Family-Sold Address 3114 ONRADO AvE 2937 West Carson St 1640 Fern Ave 3309 ANTONIO St 1216 Teri Ave (5) SOLD Bd 3 5 2 3 4 Avg Br 2 4 1 3 2 Sq Ft 1,301 2,706 1,294 1,818 1,604 1,745 High 724,000 Low Lot Sz 5,720 5,493 6,121 5,525 5,565 Year 1955 1972 1948 1955 1951 Date 12/27/2013 1/24/2014 2/28/2014 12/27/2013 1/15/2014 $/Sf 514.6 267.55 521.64 373.76 423.94 420.3 669,500 DOM/ CDOM 38/38 188/188 35/35 94/94 111/111 93/93 689,000 Low Lot Sz 7,504 Year 1953 Date 2/19/2014 $/Sf 513.41 513.41 689,000 DOM/ CDOM 15/15 15/15

March 2014

Orig Price List Price 689,000 689,000 Median 689,000 689,000 689,000

Orig Price List Price Sale Price 649,500 730,000 675,000 679,500 720,000 690,800 Median 649,500 650,000 675,000 679,500 700,000 670,800 679,500 669,500 724,000 675,000 679,500 680,000 685,600

Sp%Lp 103.08 111.38 100 100 97.14 102.32

Property Type Count: 6 Avg SF: 1,678 Avg LP/SF $: 435.82 Avg DOM-CDOM: 80/80

Avg Orig Price $: 690,500 Avg Price $: 673,833 Avg Sale Price $: 685,600

Mess in the West: Home Sales Index Hits 7-Year Low (Feb 28th 2014)
An index that measures contracts to purchase previously owned homes was mostly unchanged in January from December, according to a report Friday. But the index showed another drop in the West, where it has fallen for eight consecutive months. The index fell in the West to its third lowest level since the NAR began its tab in 2001, surpassing only two months from the summer of 2007, when housing markets were beginning their free fall. Western markets such as Las Vegas and Phoenix have witnessed some of the largest price gains as they rebound from very low levels. California markets, meanwhile, have grown much less affordable given the combination of price increases and higher interest rates. Inventories of homes for sale had been very low last year in many Western markets, but they have climbed since demand fell last fall. Its not clear that weather can be blamed on this: the index is seasonally adjusted, and this is the West, where winters are milder. The index is now down 27% since last June, when it nearly reached a four-year high. It has tumbled like this twice before. By May 2010, the pending sales index had dropped 29% over eight months after home-buyer tax credits spurred a sales frenzy beginning in the middle of 2009. And then theres the housing crash, in which the index fell 42% from its all-time high in February 2005 to its all-time low in August 2007. Nick Timiraos, The Wall Street Journal

Marco Pirozzolo Realtor / Coldwell Banker CA BRE License #01918280 NYS DOS Brokers Lic #30PIO900998 Direct: 310.975.5765 mpirozzolo@coldwellbanker.com

Wondering How Much Your Home is Worth?


How has the price of your home changed in todays market? How much are other homes in your neighborhood selling for? If youre wondering whats happening to prices in your area, or youre thinking about selling your home, WE CAN HELP YOU! Just give my office a call for a nofuss professional valuation.

Based on information from the Association of REALTORS/Multiple Listing as of [insert date the AOR/MLS data was obtained and /or other sources]. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. THIS LETTER IS NOT INTENDED TO SOLICIT PROPERTIES CURRENTLY FOR SALE!

www.facebook.com/ListWithMarco
March 2014

Five Reasons Why You Still Need A Real Estate Agent


The proliferation of services that help homebuyers and sellers complete their own real estate transactions is relatively recent, and it may have you wondering whether using a real estate agent is becoming a relic of a bygone era. While doing the work yourself can save you the significant commission rates many real estate agents command, for many, flying solo may not be the way to go and could end up being more costly than a realtors commission in the long run. Buying or selling a home is a major financial (and emotional) undertaking. Find out why you shouldnt discard the notion of hiring an agent just yet. 1. Better Access/More Convenience A real estate agents full-time job is to act as a liaison between buyers and sellers. This means that he or she will have easy access to all other properties listed by other agents. Both the buyers and sellers agent work full time as real estate agents and they know what needs to be done to get a deal together. For example, if you are looking to buy a home, a real estate agent will track down homes that meet your criteria, get in touch with sellers agents and make appointments for you to view the homes. If you are buying on your own, you will have to play this telephone tag yourself. This may be especially difficult if youre shopping for homes that are for sale by owner. 2. Negotiating Is Tricky Business Many people dont like the idea of doing a real estate deal through an agent and feel that direct negotiation between buyers and sellers is more transparent and allows the parties to better look after their own best interests. What if you, as a buyer, like a home but despise its wood-paneled walls, shag carpet and lurid orange kitchen? If you are working with an agent, you can express your contempt for the current owners decorating skills and rant about how much itll cost you to upgrade the home without insulting the owner. An agent can help by speaking for you in tough transactions and smoothing things over to keep them from getting too personal. This can put you in a better position to get the house you want. The same is true for the seller, who can benefit from a hardnosed real estate agent who will represent their interests without turning off potential buyers who want to niggle about the price. 3. Contracts Can Be Hard To Handle If you decide to buy or sell a home, the offer to purchase contract is there to protect you and ensure that you are able to back out of the deal if certain conditions arent met. For example, if you plan to buy a home with a mortgage but you fail to make financing one of the conditions of the saleand you arent approved for the mortgageyou can lose your deposit on the home and could even be sued by the seller for failing to fulfill your end of the contract. An experienced real estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether youre buying or selling your home. 4. Real Estate Agents Cant Lie Well, OK, actually they can. But because they are licensed professionals there are more repercussions if they do than for a private buyer or seller. If you are working with a licensed real estate agent under an agency agreement your agent will be bound by common law (in most states) to a fiduciary relationship. In other words, the agent is bound by license law to act in their clients best interest (not his or her own). In addition, most realtors rely on referrals and repeat business to build the kind of clientle base theyll need to survive in the business. This means that doing whats best for their clients should be as important to them as any individual sale. 5. Not Everyone Can Save Money Many people eschew using a real estate agent to save money, but keep in mind that it is unlikely that both the buyer and seller will reap the benefits of not having to pay commissions. For example, if you are selling your home on your own, you will price it based on the sale prices of other comparable properties in your area where they will be sold with the help of an agent which includes their commission. .This means that the seller gets the keep the percentage of the homes sale price that might otherwise be paid to the real estate agent. The Bottom Line While there are certainly people who are qualified to sell their own homes, taking a quick look at the long list of frequently asked questions on most for sale by ownerwebsites suggests the process isnt as simple as many people assume. And when you get into a difficult situation, it can really pay to have a professional on your side. Tara Struyk Forbes Magazine 5/25/10

Custom Ocean View EstateA Home Away from Home


Located in the prestigious "Hill Section" of Manhattan Beach, CA. This incredible custom estate is located on a huge elevated corner lot! (approx 14,500SF) Very unique ~ A lot of this size is no longer allowed per city code, so this home can never be replicated. Panoramic ocean views from two levels and a lavish guest house. Just a short walk to the beach, downtown Manhattan Beach, upscale restaurants and boutiques. Noted as an Upscale beach suburb of Los Angeles, 10 minutes from LAX and freeways, beach home to many who work in Hollywood. Privacy is key where no one can view from outside. Very high quality with pristine finishes, light and airy with lots of French doors for indoor/outdoor living. Two-story level guest house with recreation room by the pool, private office and separate guest quarters. Two grassy yards, elevator, indoor gym and sauna make this estate an all-inclusive home. 5 BR 6.5 Baths, approx. 8,500 SF of living space. Asking: $8,950,000

Trivia Question:
How much was Judy Garland paid for The Wizard of Oz? $10 a day $35 a week $100 a day $240 a week First one to submit the correct answer to: mpirozzolo@coldwellbanker.com receives a $20 Starbucks Gift Card

Wood Allen Quote of the Day:


Im not afraid of death, I just dont want to be there when it happens.

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Coldwell Banker Residential Brokerage office is owned by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo, Coldwell Banker Previews International and the Coldwell Banker Previews International Logo, are registered service marks owned by Coldwell Banker Real Estate LLC. THIS NEWSLETTER IS NOT INTENDED TO SOLICIT PROPERTIES CURRENTLY FOR SALE.

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