There is a North Redondo Neighborhood called the “Golden Hills” or Area 154 in the MLS  it is where the tall and skinny homes are.  These are “typically” 1700-2200 square foot homes on 25 foot wide lots by 100 feet deep.  The activity in this area is usually good it has a lot of turn over because they are “typically” first time home buyer or 2nd time home buyer homes and when you have a couple of kids or more they tend to get small.

Here is a picture of the type of home I am describing (see above).

The activity is as follows:

Active listings:

18 single family homes are for sale right now in that neighborhood priced between $527,500-$1,194,000 of those 18 Ten of them are the “tall and skinny” on those 2500 square foot lots, they are priced between 699,000-1,079,000.

In Escrow:

7 properties are in escrow which range from 475,000-849,000 (last listed prices) of which 5 are tall and skinnys…one at $475,000 and 4 over $600,000.

SOLD as of 1/1/09

9 sold in the neighborhood sold prices between 533,000-744,000.  This is a crazy statistic! The Highest closed sale for the neighborhood is $744,000!!!!!! that is crazy. Of those 9 sales 5 are tall and skinny, from $644,000-744,000 only one escrow right now has the possibility of closing higher than $744,000 the rest of the pending sales are all lower.

BEST DEAL OUT THERE

I am not being bias at all but my listing at 1741 Havemeyer no listed at 725,000 is the best deal out there.

Click here to see my listing.