Gardena, CA Real Estate Market Trends

Here are some real estate market trends from RTI Properties Inc, Property Management Company for reference of customers interested in a deal in a house :

Housing Market Trends in Gardena, CA:

In Gardena, there is a four percent enhancement in home values over the year. We predict a further rise of 4.1% within the next year. The median home price currently listed in Gardena is $567,000, whereas the median price of sold is $550,400. Foreclosures will be an influencing factor in home values in the next years. At present, there are 122 homes listed in the market of Gardena, including seven condos &1 foreclosures. Since the trend indicates an increase in home values, we can call it a seller’s market.

One can take help of a Gardena Property Management Company for finding the right rental property for you.

Gardena Homeowners under Trouble on their Mortgage:

2008’s Bubble impact is still influencing the homeowners in Gardena. .Most of the homeowners have failed to repay mortgage loans. The delinquent mortgages in Gardena are in the range of 0.5%. However, it is lower to the national value of 1.1%. In the U.S., home values were fallen by 20% countrywide with a maximum in 2007 to a minimum in 2011. Many homeowners are suffering on their mortgages since their property worth is less than they have to pay on the mortgage.

Housing Renting Trends in Gardena, CA:

The average rent for an apartment is $1,261, which is 4% more than the last year of $1,216.The average apartment rent has risen by $32 (2.2%) throughout six months in Gardena. The average rent is $1,021 a month for Studio apartment, 1-bedroom apartments
rent an average of $1,258 a month, and 2-bedroom apartment at an average of $,531 per month. One bedroom units have increased by $21 (1.6%) however two bedroom apartments decreased by $37 (-2.2%) One can avail the help of a Property Management Gardena, CA for finding the right rental property for him.