Well with the holidays winding down and the market getting ready to ramp up it's time to take a look at some South Bay real estate markets to see what is happening in the world of short sales, bank owned homes and other distressed properties.
North Redondo Beachhas seen the bulk of the distressed sales in the South Bay and there are currently 9 active properties. Of the 9 homes all are short sales except for the home at 506 Phelan, Redondo Beach which is a REO or bank owned home. 6 of the properties are single family homes and 3 are Although much has been made of both short sales and bank owned homes read our post on Short Sales and Bank Owned Homes and what the difference means to the home buyer. While current traditional North Redondo Beach home listingsfar outweigh the number of distressed sales there are some tremendous opportunities for home buyers looking in this area.
Keith Kyle is a licensed Realtor and e-Pro with South Bay Brokers in Manhattan Beach and is very active in the short sale real estate market. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com and FindYourSouthBayHome.com offer the most comprehensive real estate websites in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.
