The South Bay Association of Realtor reported that overall housing sales (single family homes, condos/townhouses, residential income) in Redondo Beach in 2008 were down 34% compared to 2007. SBA recorded 651 sales in 2008 compared to 989 sold in 2007. The drop in homes sold has had a big impact on the number of listings on the market as well. For the month of December only 230 properties were listed as active for sale down from a 2008 peak of 385 in May.
2008 Redondo Beach Real Estate Sales
According to the South Bay Association of Realtor overall housing sales (single family homes, condos/townhouses, residential income) in Hermosa Beach in 2008 were down 37% compared to 2007, 157 total sales versus 249 in 2007. December of 2008 showed some signs of life in the market with 12 sales compared to only 7 in December 2007. 2008 stareted out extremely slow with only 6 sales in January 2008. The summer months once again proved to be the most active time of year peaking in August with 19 sales.
Hermosa Beach Real Estate Sales for 2008
The final numbers for the Torrance real estate market in 2008 are in and although it was a tough year for home sellers there were some interesting market developments towards the end of the year that may indicate a brighter 2009 for sellers.
According to the South Bay Association of Realtor overall sales for the year were down 15% compared to 2007. The month of December saw 68 sales (singe family homes, condos/townhouses, and residential income) down from a 2008 high of 109 sales in August.
Torrance Real Estate Sales for 2008
The final numbers from the South Bay Association of Realtor for the Manhattan Beach real estate market in 2008 reveal just how tough a year it was for home sellers. The year started with a less than stellar 14 home sales (single family homes, condos/townhomes, and residential income) for the month of January and ended with 14 sales in December. November was even worse with only 13 total sales. If you were looking to sell summer was definitely your best bet as both June and August produced 38 sales and July saw another 31 homes sold.
In 2008 Shorewood Realtors remained the top brokerage in the South Bay with 967 total unit sales (single family homes, condos/townhouses, residential income, and land/lot) valued at $1,088,259,000. Both figures topped all South Bay brokerages.Remax Palos Verdes Realty was second in both categories with 778 total sales valued at $783,913,000.
South Bay Brokerage Results 2008
Overall the sales for the Top 18 South Bay Brokerages dropped dramatically in 2008 compared to 2007. Total unit sales were down 18.3% in 2008. Of even greater significance was the 33.3% drop in total dollar value of all properties sold in 2008. Although 2008 was without a doubt a trying year for South Bay home sellers there was some good news in December.
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