by Yvette Humphries

Created on: April 04, 2009   Last Updated: April 06, 2009

Real estate here, in Los Angeles, California is becoming scarce especially in the South Central area. The number of homes up for sale is at a peak of nearly 15 percent today in 2009 from nearly five years ago in 2003. What's remarkable with the recent turnover is that low income families cannot share the responsibility of double incomes anymore because of many companies downsizing and moving to different states. Most of the residents in South Central already have more than one job just to make ends meet with additional family members to somewhat, help ease the burden of sole responsibility.

Single family homes in co-joining neighborhoods of the South Central area are ranging from a low 100k to a mere 250k, according to the local paper review. With that comes the vast necessity to buy single family homes (413) listed with additional male and female counterparts that are reasonably compared to the multifamily homes (34) or condos (4) and land properties of only 2. Most homes are selling with the fixed rate mortgage. Foreclosed properties in this area are far and few and are ranged from $100k - $125k = 3 listings, $125k - $150k = 2 / $150k - $175k = 4 / $175k - $200k = 1 / $200k - $225k =1 and $225k $250 = 1; Various real estate companies in these local listings surrounding the area, as far as the Beverly Hills, East Valleys, Jefferson Park and Crenshaw local agencies.

Some of the agents actually go out on foot patrol, asking if the homes are going on the market soon. Normally you would see anywhere from two to three agents walking the neighborhoods on early weekend mornings. New homes are far and few. Last year, there were nearly 30 new homes in South Central are that have upstairs and downstairs, two to three baths on an average of 1500 2000 square feet with two car garages. Yard space is limited because of the city is placing three to four houses on one lot. The orientation for these new properties is ranging from a low $395k to $595k and are listed as multifamily homes. Land properties are few and condos are scarce. Resources for local real estate agencies can provide current listings privately or by submission of a small fee. All catorgies, single and multi family homes are provides with the exact price, square footage, the number of bathrooms and bedrooms.

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