Redondo Beach is making improvements.

There are good things happening in Redondo Beach. Some of the improvements have already been completed. Aviation park has been upgraded with improvements to the track, field and park areas. They also installed new synthetic turf, fencing and improved drainage and refurbished the men’s and women’s restrooms.

There has been a makeover at the intersection of PCH and Catalina Avenue too. Now when you drive into Redondo Beach from Pacific Coast Hwy you will see a new water feature and gateway for pedestrians and vehicles. At night the water feature changes color, some say too fast.

There are good plans to upgrade the south end of the Esplanade soon. They are talking about widening the sidewalk and adding “lookout” type seating. The City has already added a traffic circle (roundabout) where the Esplanade meets Calle Miramar, close to burnout beach. The Riviera village also got new signage, which looks very nice.

Real Estate Stats 12/23/08

Redondo Beach is divided into 2 area’s as far as real estate is concerned. You have South Redondo which is then subdivided into 3 more sections and North Redondo Beach which is subdivided into 4 more sections.

South Redondo Beach includes area’s 155 (North of Torrance Blvd), 156 (South of Torrance Blvd.) and 157 (South of PCH). There are currently 127 properties for sale, 34 single family homes and 93 condo’s and townhomes.

North Redondo Beach includes area’s 151 (Villas North), 152 (Villas South), 153 (El Nino) and 154 (Golden Hills). There are currently 90 properties for sale, 39 single family homes and 51 condo’s and townhomes.

You can see all the listings in Redondo Beach and the whole South Bay area anttime by going to http://SoBayCalMLS.com and then call me to see.

Something fun to do in Redondo Beach!

The 120-by-60 foot Ice Skating rink that was built at the Seaside Lagoon in Redondo Beach will have it’s Grand Opening tomorrow at 4pm. The address is 200 Portofino Way and will be open until 9:30 pm. It will cost $14 for adults and $12 for children for 1 1/2 hours, rental skates included. More info available at their website: http://seasideice.com

Back on the Market – Hollywood Riviera listing with a Redondo Beach address

This is a beautifully remodeled single family home adjacent to El Retiro Park.

It is back on the market now and offers 3 Bedrooms, 1.75 baths, Living Room, Family room and huge back yard. 140 Vista del Parque, Redondo Beach, CA., 90277. It is available at the reduced price of $975,000. 0ver 2300 sq.ft with 2 car garage. It will be open every Sunday until it sells. Please call me to make an appointment to see during the week. This is a very nice listing and the best deal in the Hollywood Riviera section.

Redondo Beach is proposing oversized vehicle ordinance.

Redondo Beach seems to be following the lead of Torrance and trying to come up with an ordinance to get Recreational vehicles, trailers and campers off the city streets.

Of course eveybody who owns one will be against it, naturally. Those of you that don’t own them will be all for a strict ordinance of some kind. To be totally up to date on this you should go to http://tinyurl.com/3pgbkq and read up on the current proposals and then leave your 2 cents on the webpage.

All I can tell you is that neighborhoods look better and are safer without those big oversized vehicles parked on the street! Now, go landscape that front yard that we will be able to see soon.

Real Estate Stats 9/5/08

Redondo Beach is divided into 2 area’s as far as real estate is concerned. You have South Redondo which is then subdivided into 3 more sections and North Redondo Beach which is subdivided into 4 more sections.

South Redondo Beach includes area’s 155 (North of Torrance Blvd), 156 (South of Torrance Blvd.) and 157 (South of PCH). There are currently 160 properties for sale, 47 single family homes and 113 condo’s and townhomes.

North Redondo Beach includes area’s 151 (Villas North), 152 (Villas South), 153 (El Nino) and 154 (Golden Hills). There are currently 128 properties for sale, 53 single family homes and 75 condo’s and townhomes.

Real Estate Stats 4/28/08

Redondo Beach is divided into 2 area’s as far as real estate is concerned. You have South Redondo which is then subdivided into 3 more sections and North Redondo Beach which is subdivided into 4 more sections.

South Redondo Beach includes area’s 155 (North of Torrance Blvd), 156 (South of Torrance Blvd.) and 157 (South of PCH). There are currently 163 properties for sale, 49 single family homes and 115 condo’s and townhomes.

North Redondo Beach includes area’s 151 (Villas North), 152 (Villas South), 153 (El Nino) and 154 (Golden Hills). There are currently 166 properties for sale, 68 single family homes and 98 condo’s and townhomes.

Understanding what causes Interest Rate Movement.

Stocks, Bonds and Mortgage-backed securities all compete for the same investment dollars. There is only so much money to be invested. When the Federal Reserve feels that interest rates need to be lowered to stimulate the economy (as we have seen recently, this reduction of rates often causes the stock market to rally. When the stock market rallies, the money to invest in the stock market comes from selling off other investments, including mortgage-backed securities. Unfortunately, when they are sold off to stimulate the stock market, this causes the bond market to go down, which makes yields or put another way, interest rates for home loans to go up.

Sometimes, when the FED has increased interest rates (FED funds or Discount rate) this has caused the stock market to sell off (for fear that corporate profits will be affected) resulting in investors looking for other paces to invest their money. Such a haven has been mortgage-backed securities, which cause mortgage rates to drop.  

So if you want to figure out which way the mortgage market interest rates are going, just follow the bond market.

1206 Catalina Ave #A, Redondo Beach, CA. 90277 FOR SALE

Available for: $1,289,000

This is a beautifully maintained Townhome walking distance to the Ocean, Riviera Village and Pier. It has two bedrooms on the street level and the master is on the 2nd level on the Living area. Up one more set of stairs is the mezzinine office area with access to one of the 3 balconies. This is a must see if your goal is to live near the water.

See it on the net at: http://1206CatalinaAve.com

For a private showing call Jack McSweeney – RE/MAX Palos Verdes Execs at 310 346-0391

Now is a great time to be a Buyer in Redondo Beach!

Now is a great time to be a Buyer.  Our Redondo Beach market has stablized… our current inventory of 88 single family homes For Sale came down by about 15 homes from last month.  This is a big change from the last quarter in 2007, when the inventory was around 127 homes for sale in the city.  Why did the inventory come down?  There are a few reasons… 1)  The December number of units sold was higher than the month before, and 2)  Interest rates are coming down fast now..  3) People love Redondo Beach more and more over the other beach cities! Do yourself a favor this weekend,,, Go look at open houses.. most of them will be crowded with homebuyers!