Friday, March 3, 2017

LOW INVENTORY OF AVAILABLE HOMES MEANS IT'S A SELLER'S MARKET -- CALL FOR COMPLIMENTARY HOME VALUE ANALYSIS

The first step when considering SELLING YOUR HOME is to find out your home's worth. 

There's no way for  automated reports from online websites like Zillow to see your home in person, no way to evaluate the improvements you've made nor factor in other subtle selling points that add value to your home.

Those online tools are not only inaccurate, if solely relied on, they can greatly hurt how you market and position your home once it goes on the market. 

If you price your home too high, your property will no doubt linger on the market and, usually, wind up selling for a lot less.  If you price too low, you could be leaving money on the table that belongs in your pocket.

If you're thinking about selling your home, please call me for a FREE HOME VALUE EVALUATION.  We can review your home's true current market value as well as review the strongest marketing and pricing strategy to sell your home for the highest price, in the shortest period of time. 

Contact:  Elaine Mallon, 310-721-7121
                Elaine@elainemallon.com

Sunday, January 8, 2017

2017 REALTOR.COM HOUSING FORECAST -- Los Angeles Is HOT, Ranks #2 Among Top 100 U.S. Metros

The West IS Best!

Despite a more moderate housing market forecasted overall for 2017, strong local economies and population growth are expected to continue to fuel the nation’s hottest markets, where Los Angeles ranks #2 among the 100 largest metros in the US in terms of price and sales, per the Realtor.com 2017 Housing Forecast.

"These top 10 markets are forecast to see average price gains of 5.8 percent and sales growth of 6.3 percent, exceeding next year’s anticipated national growth of 3.9 percent and 1.9 percent, respectively. But when compared to last year, prices in eight of the top 10 markets are expected to decelerate with only Los Angeles and Tucson, Ariz. showing stronger growth than last year."

Also expected for us locally in the PV / South Bay area:  Millennials and Baby Boomers will drive the market; Limited inventory will continue; Western metros will continue to dominate in terms of price and sales; Interest rate jump(s) could potentially price some buyers out of the market.

For full article, go to:  http://research.realtor.com/2017-national-housing-forecast/

Friday, October 7, 2016

READY TO SELL YOUR HOME FAST WITH MULTIPLE OFFERS... OVER LIST PRICE? CALL ME FOR A PROVEN STRATEGY.


SOLD! SOLD! SOLD!

My listings this year are consistently selling with multiple offers over the list price in just a few days.  Proper strategy, pricing and marketing makes the difference between getting a home SOLD FAST (for top dollar) or letting a home sit (at a loss).

If you're thinking about selling, let's talk.  www.ElaineMallon.com


*Properties pictured here:  1110 W. 10th, #102, SP,  Listing Agent.  3872 Marron, LB:  Buyers Agent.  942 W. 10th, #4, SP:  Buyers Agent.  Representing both Buyers and Sellers. 

Monday, August 1, 2016

A SUMMER SIZZLER -- REMODELED CONDO IN VISTA DEL ORO!


SOLD!  In escrow after only 5 days with Multiple Offers -- OVER list price!


1110 W. 10th St., Unit 102, San Pedro

List Price:  $379,000
SOLD Price:   $390,000
MLS#:  PV16177214


GORGEOUS, SPACIOUS, NEWLY REMODELED 2+2, 1,264 sq. ft. condo in lovely Vista Del Oro. Turn-key perfect with over $50K in top-of-the-line upgrades. Shows like a stunning model home. Secure, gated building with easy elevator access conveniently located close to Averill Park, marina and beaches.

This warm home features maple hardwood floors, an open kitchen with Ceasarstone Quartz countertops and custom backsplash, stainless steel appliances, luxury bar/counter seating with new Bruck pendant lighting, and an entertainer's formal dining room. The open living room leads to a custom tiled patio. Other features include: Plantation shutters; interior wireless security system; smooth ceilings and recessed lights; crown moulding; ceiling fans; portable AC unit with remote; bathrooms with porcelain tile floors and Travertine tiled showers, Quartz countertops and touchless Delta faucets. New dual-paned windows and sliders throughout. Convenient side-by-side laundry inside the unit; 2 reserved parking spaces plus 1 communal guest space in the subterranean, gated parking area, and an extra storage cabinet. Quiet, corner location in the rear of this peaceful, pet-friendly building.  

This is a beautiful place to call home! Call ELAINE for more information at 310.721.7121. 






















Tuesday, May 24, 2016

RODEO REALTY Ranks 22 in the Nation On The Wall Street Journal/REAL Trends 500 List

Rodeo Realty Fine Estates ranks #22 in the nation on the 2016 Wall Street Journal/REAL Trend 500 list with over FIVE BILLION ($5,005,349,582) in closed sales volume in calender year 2015.

The annual survey ranks the 500 largest residential real estate brokerage firms in the U.S., and are a combination of independents and franchises. 

www.elainemallon.com

Sunday, May 17, 2015

HOME SALES REBOUNDING, EXPECTED TO FINISH THE YEAR AT THEIR HIGHEST PACE SINCE 2006


According to the National Association of Realtors, existing-home sales are expected to finish the year at their highest pace since 2006, but accelerating price growth and rising mortgage rates have the potential to slow sales in the coming months.


Lawrence Yun, chief economist of the National Association of Realtors, said existing-home sales are measurably higher than a year ago, and strengthened in March as more buyers entered the market as the spring buying season got underway.
“Sustained job growth and interest rates below 4 percent have been the catalyst behind the improvement in sales,” said Yun, who expects home sales to rebound and steadily improve, ending up at a pace around 5.30 million (the highest since 2006) this year and 5.5 million in 2016. 
As the buying season heats up, low inventory of homes for sale needs to increase measurably to meet the pent-up demand for buying.  
Referring to NAR’s recent study looking at wealth inequality, Yun said rising home prices in many metro areas have helped homeowners build housing wealth in recent years, but the continued decline in homeownership means the gains are going to fewer people and leading to worsening inequality. “Household net worth is at an all-time high, but the gains are mostly going to wealthier households, who in turn have helped propel vacation home sales to record levels,” he said.
Yun expects the U.S to start entering a rising interest rate environment, with the Federal Reserve increasing short-term rates in September and mortgage interest rates gradually moving upward over the next year, hovering around 4 percent in 2015 and edging-up past 5 percent in 2016.
- See more at: http://www.rodeore.com/despite-affordability-concerns-existing-home-sales-in-u-s-rebounding/#sthash.Wbvqtnli.CSypdkKw.dpuf
CONTACT:
Elaine Mallon,Broker Associate
Rodeo Realty Fine Estates
310-721-7121
elaine@elainemallon.com
www.elainemallon.com

REAL ESTATE AGENT & LOCAL EXPERT, serving Coastal Los Angeles County, including:  Redondo Beach, Manhattan Beach, Hermosa Beach, Palos Verdes Peninsula, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates