Wednesday, July 2, 2014

Lomita Real Estate News for April

REAL ESTATE NEWS

·       Lomita’s first quarter wrap up on home sales 2014
20 homes sold, 9 currently in escrow and 16 listed
Average sale price for a 2 bedroom is $416,500 (10 sold)
Average sale price for a 3 bedroom is $500,750 (8 sold)
·       Why is the Real Estate market so sluggish?
High inventory, rising home prices, and rising interest rates have combined to slow pending home sales.
·       Mortgage rates rise to 4.51% in overreaction to Fed
Fed could start raising the federal funds rate six months after ending the bond buying program, according to Fed Chair Yellen.
·       How to prevent a neighbor foreclosure from destroying your
property value.
Find out what you can do to help to maintain the property. Report crime and code violations as soon as you see them. Talk up the property and the neighborhood, to anyone you know who is looking to buy a home.

BOB EUBANKS
JENNEY REINBOLD
(310) 896-5838
ü E-mail: bobeubanksrealtor@gmail.com
ü Web site:BOBEUBANKSREALTOR.COM


CALL TODAY to find out how my custom marketing plan will get your home SOLD for TOP DOLLAR.

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