Rachel Tyndall

WHAT ARE YOU WAITING FOR??

More good news for consumers, our members, and the housing market recovery. Following the Senate's favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. As you may know, C.A.R. and our partners at NAR have worked for months urging Congress and the Senate to extend and expand this crucial piece of legislation. We expect President Obama to sign the legislation in short order.

As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers. We expect that number to increase dramatically in the months ahead with this new legislation in place. Thank you to our members who called, wrote, and e-mailed their congressional representatives and voiced their support for the home buyer tax credit. Your voices were heard - today's vote is a direct result of your actions and involvement.

Cities Median sales price Average listing price

Rolling Hills $2,472,500 $3,990,922

Palos Verdes Peninsula $980,000 $2,030,508

Palos Verdes Estates $1,302,500 $2,314,056

Rolling Hills Estates $785,000 p$1,371,388

Hello,

Here is the latest at Brookside Village:

• 4 condos are currently for sale in Brookside Village starting at $425,000. Averaging 49 days on the market. Average asking price per square foot is $ 406.10
• 2 are currently in escrow under back up status
• 15 have sold in the past 6 months. The lowest closed sale came in at $290,000. The average SOLD price per square foot is $429.78.

For a detailed Market Analysis for Brookside Village please click the link below:

http://www.mrmlsmatrix.com/Matrix/Public/EmailCMA.aspx?ID=104339765

If you would like to view the properties for sale in brookside Village please contact Rachel.

The entrance to FUSION AT SOUTH BAY

The community pool at FUSION AT SOUTH BAY

The basketball court at FUSION AT SOUTH BAY

FUSION AT SOUTH BAY was built in 2007 by Centex. The complex consists of 280 units. There is a basketball court, community pool and tot lot for the kids.

FUSION AT SOUTH BAY is located at W. 149th in the Holly Glen Del Aire community of Hawthorne just on the border of Manhattan Beach.

Fusion Floorplans:

Centex's avant-garde condominiums at Fusion are ingeniously practically and usefully laid out. Residence plan A is a 1,003 square foot, two bedroom, two full bath, one living area, one dining area and one car garage, three story home with master bedroom upstairs. Residence B is a 2,067 square foot. with two bedroom, two full bath, one living area, one dining area, one car garage, three story home with master bedroom upstairs. In the advance range of Residence G they offer a 1,510 square foot, three bedrooms, two full bath, one living area, one dining area, two car garage, two story home with master bedroom upstairs. Residence J is a 1,790 square foot, three bedroom, 2.5 bath, one living area, two car garage, two story home with master bedroom upstairs.

Currently there are three active listings in Fusion at South Bay.

1. 2/2 $459,000
2. 2/3 $539,000 (short sale)
3. 3/3 $643,000

There are currently 4 units in escrow at FUSION AT SOUTH BAY. One is pending and three are in back up status.

Click below to view the details for the recent sales in Fusion at South Bay.

http://reports.mrmlsmatrix.com/MatrixReportServer/CMAOutput/129759/CMA_Pro_Report1852.PDF

To search all the listings in Fusion at South Bay please visit:

http://rachelandkathy.listingbook.com

There are currently two homes for sale in the Pacific Colony:

5513 Lorna $995,000

5532 Maricopa $975,000

Currently there is one home in escrow in the Pacific Colony:

5562 Maricopa $978,000

If you would like more informtion about the gated community of Pacific Colony please contact: