The market is getting to it’s typical “Spring Heat” earlier than usual this year, we think it’s primarily due the same factors we talked about last month: expiration of the home buyer’s credit on April 30th, expiration of the Fed’s guarantee on Fannie/Freddie Loans in March, fear of rising interest rates and lack of inventory.
We’ve been seeing many prime properties in the Beach Cities being sold BEFORE they hit the MLS as “pocket” listings. To snag one of these, you need to work with a Realtor like us who networks with other Realtors to find out about these great deals before they become common knowledge.
We are also seeing the return of multiple offers and bidding wars. One property in Redondo Beach recently received 20 offers — and this was NOT a short sale. Similarly, a recent FabulousSouthBay listing went in 2 days with multiple offers.
If you want a piece of the South Bay (or want to sell one you own), now is the time. Give us a call!