Southern California beach house prices staying afloat
Coastal bargains are to be had amid the housing downturn, but the properties are holding their value better than homes inland.....
By Ronald D. White, Los Angeles Times Staff Writer
We've got some great homes at great prices in Torrance and the South Bay. With still record low interest rates, FHA loan limits increased to $729,000 for our area, and a great selection of homes, it's time to at least be out looking for your home.
Have fun house shopping!
With tons of loans available from Down Payment Assistance Loans to Va which are 100% financing to great FHA loans allowing you to put as little as 3.5% down and even 5% conventional loans. It's a great time to buy before prices start going higher. It's like stock...buy low...sell high...Take advantage.
It really depends on which part of Torrance. It has started to become a Seller's Market in some areas due to the Affordability factor, and will probably increase further the remainder of the year, as most buyers in the Market are First Time Home Buyers. Mostly homes under $450k seem to be drawing more demand, but you may have some more flexibility with a higher priced home. An experienced Realtor who specializes in the area you are searching is best to communicate, so you can understand the Micro Market of the neighborhood you are interested. If you're interested in communicating further, then please feel free to either call or shoot me an e-mail any time. I'll be more than happy to assist you any way possible.
Direct: (310) 694-3544
This is the perfect time ...would have been even more perfect a few weeks ago when interest rates were lower. The properties are on the market less time, especially in North Torrance where the houses are
more affordable. There is curb appeal and value for you. In order to pursue any property I would advise
you to meet a lender to pre-approved. The letter you have is one of the best tools you have to negotiate\
If you are interested email me and we can show you some real nice deals here.
Ali &Sabire Mirza
The Real Estate Group
You might want to check out our Torrance stats page at the link below.