Thursday, March 20, 2008

Six Redondo Beach properties hitting the foreclosure auction block

Check out my Nef Cortez link in the sidebar for foreclosure records for Los Angeles County. Here is the March 17 file (PDF).

This is what is coming up very shortly for auction.

242X Harriman Lane A
220X Perkins Lane B
52X  Cluster Lane
23X  Via Linda Vista
220X Huntington Lane 2
172X Rockefeller Lane

Listing activity is starting to pick up a bit. For the month it is now at the rate of 3.1 new listings a day.

I checked Melissa Data sales volume today and there is no sign that the bong hit from new higher conforming loan limits has benefited the market yet. Should sales continue at their present almost non-existent pace, I would guesstimate a generous 114 homes sold for the beach cities for March, compared to 200 a year ago. This is the month that sales normally start to accelerate for spring, so we'll see what happens by the end of the month. In the meantime, my client who works at Wells Fargo mortgages is not suffering from lack of work.


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