Understanding the individual real estate markets of the South Bay

I have many clients contact me that are interested in buying a home in the South Bay and they've often read headlines that often don't give them an accurate picture of the South Bay. The reality is that there are many individual real estate markets in the South Bay based primarily on the individual city, but often can get down to the neighborhood level. The South Bay in terms of real estate generally reaches up to parts of Inglewood in the north, Torrance and Harbor Gateway to the east and Palos Verdes to the south. What lies in between are neighborhoods that vary in just about every way. The real estate market in Gardena is incredibly different the market in nearby Manhattan Beach. Gardena has been dramatically impacted by foreclosures and a had been impacted in a very different way than the Beach Cities. Often clients will read stories that prices are down, foreclosures are up, and they can expect to pay well below market value. While this may be the case in some cities and neighborhoods, that's not the case in some others. Someone searching for distressed properties in Hermosa Beach may wait a while, while searching for distressed homes in Torrance may yield plenty of opportunities. Before you begin to search in the South Bay get a better understanding of the communities in your price range, the recent home sales, what is going on in the market, and how best to find just what you're looking for.

Some references that might help:

• See foreclosures
• Median Home Prices
• Recent home sales
• Community information

Let us know if we can help.

Keith Kyle - South Bay Brokers - 310-251-2344 - Keith.Kyle@SouthBayBrokers.com - www.KeithKyleHomes.com