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Southwood and West Torrance Update - February 2015

 

Newsletter Update - Feb 2015

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I hope everyone's 2015 is off to a great start. The local real estate market here in Torrance started slow in terms of properties for sale but there are still plenty of buyers. It's a great time of year to put your home on the market because there is virtually no competition and buyers are ready to buy NOW! Interest rates have inched up just slightly but are bouncing around the 4% mark for jumbo financing and just below that for conforming loans. The economy is doing well, and the jobs market is stronger than the last few years, so sometime this year we may see a more significant uptick in rates. All predictions are for later in the summer months. I am starting to see properties listed outside of the South Bay stay on the market a little
longer and there have been some price reductions as well. This doesn't mean anything to us here in the South Bay but could indicate things to come. I remember, back in 2006, we were still going strong and places like San Diego and Orange County were already seeing a slowdown. I am going to continue to monitor those areas as I have listings in those counties as well. Additionally, from the networking group that I moderate, I am hearing about more and more off market investment properties being sold. Nearly 30% of the inventory we have shared this year is suddenly income property. What is odd is that these are cash out sellers and they not generating any 1031 exchanges.

 

I have seen a few websites recently about growing up in West Torrance and some of the photos are really cool. Growing up in West Torrance in the 50's and 60's and seeing these photos brought back some great memories. I was thinking of starting something similar and I will let you know about it in next month's newsletter. In the meantime, if you have good photos featuring some sights and places from the 50's and early 60's in West Torrance and you are willing to share them, please send them my way and I will publish one each month in my newsletter. I plan to create a website as well so we can all share in the history of West Torrance.

If you are thinking of marketing your home this year, I welcome the opportunity to work with you. I have an entire staff of professionals helping to ensure the marketing and sale of your biggest asset goes smoothly. My team includes two top mortgage brokers, a first class title and escrow company, buyers agents, social networking and marketing people, handymen, contractors, stagers, trust attorneys and much more. I want you to experience the concierge services I provide for my clients and I am here to answer any of your questions. See you around the neighborhood!

 

Outstanding Landscaping Award

landscaping-delong-bulova-stCongratulations to the Delong Family on winning the Outstanding Landscaping Award for the month of February. Their home features a lot of colorful potted plants sitting atop brick pilasters. Their house is accented with used brick and the front yard has shade trees, colorful flowers, sculpted bushes and assorted palm trees. If you get a chance, try to get by their home located at 4528 Bulova St. The Delong Family received a $50.00 gift certificate to the Outback Steakhouse. Each month, I present this award to a home with distinctive landscaping.


Outstanding Landscaping Award

landscaping-luz-redbeam-aveCongratulations to the Luz Family on winning the Outstanding Landscaping Award for the month of February. Their home boasts an ecofriendly landscaping style, which seems to be popular with a lot of West Torrance homes, especially during the drought. They have a nice corner lot and you will definitely notice the unique landscaping as you drive by. If you get a chance, try to get by their home located at 21725 Redbeam Ave. The Luz Family received a $50.00 gift certificate to the Outback Steakhouse. Each month, I present this award to a home with distinctive landscaping.


Outstanding Landscaping Award

landscaping-fry-29th-stCongratulations to the Fry Family on winning the Outstanding Landscaping Award for the month of February. Their home features a nice, wide lot, green grass, plenty of flowers, multiple shade trees, used brick planters and an assortment of palms and sculpted bushes. If you get a chance, try to get by their home located at 3424 W. 229th St. The Fry Family received a $50.00 gift certificate to the Outback Steakhouse. Each month, I present this award to a home with distinctive landscaping.


Check out John's Featured listings here.

 

 

March Giveway

 

Next month, I will be giving away two $25 gift certificates to Hennessey's in honor of St. Patrick's Day. To enter, email me, drop a note in the mail, or "like" John Briscoe Homes on Facebook. Entries must be received by March 10th. Good luck!

 

Properties Closed since 01/01/15

22311 Avic Ct. 1243 Sq. Ft. $632,500
3411 W. 228th St. 1211 Sq. Ft. $720,000
2704 W. 232nd St. 2154 Sq. Ft. $783,000
22318 Osage Ct. 3408 Sq. Ft. $1,050,000
21352 Maple Ave. 3088 Sq. Ft. $1,090,000
4006 Merrill St. 1230 Sq. Ft. $689,000
21509 Scannel Ave. 2346 Sq. Ft. $860,000
22104 Linda Dr. 2446 Sq. Ft. $995,000
4511 Narrot St. 1100 Sq. Ft. $640,000
20125 Wayne Ave. 1924 Sq. Ft. $749,000
20421 Wayne Ave. 1429 Sq. Ft. $771,000
20105 Talisman St. 1470 Sq. Ft. $790,000
4202 Konya Dr. 2640 Sq. Ft. $925,000

Information provided by the Multiple Listing Service 

Information deemed reliable but not guaranteed.

*I represented the buyers in an off-market sale.




Recent Activity

 

 

1648-gramercy-ave

648 Gramercy Ave

Represented First Time Buyers,

Short Sale Great Price.

 

 




1226-teri-ave

1226 Teri Ave.

First Time Buyers, Great Location in

Torrance Gardens

3/2 with Family Room

 

 

 

 

20619-annrita-ave

20619 Annrita Ave.

3 bedroom, 2 bath Home
Multiple Offers
Sold Over Asking
Represented Sellers

 

 

 



 

Garage Sale Signs


I have garage sale signs for your use! This is your chance to get some spring cleaning done, clear out the garage and make some money at the same time. I deliver the signs on Friday and they get picked up on Monday. Please reserve your signs at least a week in advance.

 

Trusts/Probate?


Look for some written material on trusts and probate on my
website coming soon. I am always dealing with clients who are unfamiliar with their trusts, if they have one. Of course, I also deal with survivors of trusts, trustees, and beneficiaries constantly in my business. Learn the basics of revocable and irrevocable trusts, as well as some tax ramifications regarding your trust. You will also learn the basics of probate, judicial and non-judicial, how to avoid them, and what the process means to you. I can also refer you to a seasoned trust attorney. Feel free to email me any questions you may have.