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The South Bay Association of Realtor reported that in 2008 overall housing sales (single family homes, condos/townhouses, residential income) in Hermosa Beach were down 37% compared to 2007. Only 157 total sales were recorded in 2008 compareted to 249 recorded in 2007.  

Although 2008 as a whole was a very down year there were some signs of a rebound in December with 12 sales compared to only 7 in December 2007. Click here for the complete 2008 Hermosa Beach Real Estate Market Report. You can also look at the current Hermosa Beach MLS real estate listings here.

The final results for 2008 as reported by the Greater South Bay MLS are in and as expected the numbers show it was a brutal year. Overall the sales including single family residences, condos/townhouses, residential income property, and land/lots dropped significantly in 2008 compared to 2007. Total unit sales were down 18.3% in 2008. Of even greater significance was the 33.3% drop in total dollar value of all properties sold in 2008. For the complete breakdown go to 2008 South Bay Real Estate Brokerage results.

I'll be hosting an open house this Sunday January 11th at 5312 Doris Way in Torrance. Built in 2007 this beautiful home features ocean and city views as well as a huge private backyard. As an added bonus the owner’s just dropped the price to $1,099,000 to ensure a quick sale.

For further information or to schedule a private showing call Hady at 310-404-5631 or go to

5312 Doris Way

to schedule a showing online or click

Torrance real estate listings

to view the entire inventory of homes available for sale in the South Bay.

Home owners that are facing the prospect of foreclosure received some potential good news Friday. House Financial Services Chairman Barney Frank stated that in order for the Troubled Asset Relief Program to gain access to the remaining $350 billion in funds set aside by Congress they are required to provide at least $50 billion in funding for homeowners facing foreclosure. A draft of Frank's proposed bill for the funds today. A final vote on the bill is still pending. If it passes home owners facing foreclosure will be able to apply for refinancing of their existing mortgage in order to obtain financial relief and defaulting on their mortgage.

House Financial Services Chairman Barney Frank said that president-elect Barack Obama agreed to increase the upper limit on loans that Fannie Mae and Freddie Mac can purchase to $729,750 in high-cost areas. Known as conforming loans, Fannie Mae and Freddie Mac owned loans provide funds to borrowers at the lowest market rates.

Known as conforming loans, Fannie Mae and Freddie Mac owned loans provide funds to borrowers at the lowest market rates. 5312 Doris WayThe normal limit on borrowers for conforming loans is $417,000 but in expensive markets it was $625,000. The new limit only applies to the real estate markets that fall in the expensive designation, loan limits in all other markets will remain at $417,000. Last year in order to try to stimulate the…

This Thursday the 8th I'll be hosting a brokers open from 12-2pm at 5312 Doris Way in Torrance. The owner’s just dropped the price to $1,099,000 to ensure a quick sale.

Built in 2007 this beautiful home features ocean and city views as well as a huge private backyard. This Sunday I'll also be hosting an open house for the general public from 1-4pm. For further information or to schedule a private showing call Hady at 310-404-5631 or visit HHC South Bay Real Estate Agents.

Shorewood Realtors lead all Greater South Bay real estate brokerages in sales for the month of November. Shorwood Realtors participated in 51 property sales throughout the Greater South Bay, 24 in house listings and 27 buyer representative sales.  Remax Palos Verders was close behind with 47 sales for the month, however the total value of their property sales was significantly less, $38.5 million vs. $61.1 million for Shorewood Realtors. Click for the full report on the Greater South Bay real estate brokerage performance for November.

Sunday from 1-4pm we'll be holding an open house 2408 Curtis Ave. #B in Redondo Beach. The price was just reduced to $649,000 so it won't last long. If you can' t make the open house call Hady at 310-404--5361 to schedule a private showing or go to 2408 Curtis Ave. #B, Redondo Beach, CA to schedule by email. Click to search the complete Redondo Beach MLS Real Estate Listings.