There are currently 29 single family homes for sale here in the Hollywood Riviera.  They range from $530K (small fixer on PCH) to $3.5 Million (house on the bluff above the beach!)  That’s not a lot of inventory especially when you consider that only 6 months ago - May 09 - there were 49 homes for sale.  Our inventory has been selling.  Another plus is that the all the inventory is moving - including the high end inventory. 

Currently there are 15 homes here in the Riviera “pending” sale.  That means they are in escrow with a buyer in the process of purchasing the home.  That is typically a 30-60 day process depending what worked best for all parties.   These 15 homes range in list price between $589K - $2,248 Million.    The average price of the homes pending sale is $1,012,580.

Sold homes - if we go back and compare solds the 1st half of the year vs. the (not finished) 2nd half of the year you will see how the 2nd half of the year has gone much better for everyone.  Jan 1, 09 - June 30, 09 - there were 24 homes sold.   Their average price was $1,002,500. 
                                                                 Jan 1, 09 - Jun 30, 09 Solds 

Since then, July 1st, 09 - today (October 28th, 09) we’ve had 36 homes sell (that’s a 30% increase already and the 2nd half isn’t even over - remember those 15 pendings - most likely at this rate they will all sell prior to the end of the year which would make 51 homes sold vs that 24 (more than double the number of sales 1st half 09 vs. 2nd half 09.)  That’s good news for those who thought to sell the 2nd half of the year.  It also shows that the stimulus package the government is backing is working.  Not many of the people who get a $8K tax credit for purchasing a first home was seen here in this specific neighborhood, but people probably bought homes in lesser expensive areas and now those people who sold those homes can afford to move up to this neighborhood. 
July 1, 09 - Oct 28, 09 Solds

workingforyou.remax.com

Would it be wonderful to see the power of REMAX in real time?

Here it is working for us day and night.

workingforyou.remax.com  search all homes  at..http//:www.torrancehotproperties.com

The last two weeks have been very busy for us.  We personally staged two homes here in the Hollywood Riviera.  Both were on opposite ends of the average price spectrum.  One was listed at $1.795.000 and the other was listed at $724,900.  First the sellers were given lists of projects such as painting, landscaping and other small jobs.  Then we came in with furniture and accessories to transform the average into the AMAZING!  The staging took about 3 days per home.  What was the end result?  Both homes sold in less than a week, and both had multiple offers sending the sales price up above asking price!

 I always knew that staging maximizes a sellers profit in a home, but sometimes even we are amazed at what a powerful effect it has.   OVER ASKING IN LESS THAN ONE WEEK, in today’s market! 

Is your listing agent working this hard for you?  If your home is for sale ask yourself:

Have you staged your home for sale (with people who know how to do it properly)? 

Have you had your home on the market now for over two months and are you doing endless price reductions? 

Are you getting people who come to your home linger and stay a while, or do they bolt out the door?

If you are not having amazing results, give us a call.  We will show you the way to top dollar in no time!

• Just posted on ActiveRain: Wateruseitwisely.com SAVE CONSERVE CARE http://activerain.com/t/1289401 #
• I got the Iphone. I had to do something cracked the lenz of the treo. It was the very best choice. Hands down! I sent a video first. #
• @DianeKohler hanging in there…by toes. @TOM FERRY Loved it in Brentwood. You really do have it! I wish you werer the next president. #
• @pkitano Thanks for help - you are the “biggest giver” well, maybe Google is. You are next! #
• @garyv Great book CRUSH IT, I have 5 copies to give to my kids and friends. #
• http://twitpic.com/luqsw - price per sq ft in West Torrance. The trend shows buyers the facts. #
• http://twitpic.com/lurdw - single family homes West Torrance 1100-1200 sq ft.show average price around 618K #

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http://twitpic.com/lurdw - single family homes West Torrance 1100-1200 sq ft.show average price around 618K

http://twitpic.com/luqsw - price per sq ft in West Torrance. The trend shows buyers the facts.

@garyv Great book CRUSH IT, I have 5 copies to give to my kids and friends.

@pkitano Thanks for help - you are the “biggest giver” well, maybe Google is. You are next!

@DianeKohler hanging in there…by toes. @TOM FERRY Loved it in Brentwood. You really do have it! I wish you werer the next president.

I got the Iphone. I had to do something cracked the lenz of the treo. It was the very best choice. Hands down! I sent a video first.