Posts Tagged ‘south bay real estate sales’

Hermosa Beach Real Estate Market Recap for 2008

Tuesday, February 3rd, 2009

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

Hermosa Beach Real Estate Sales for 2008

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Torrance Real Estate Market Recap for 2008

Monday, January 19th, 2009

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

Torrance Real Estate Sales for 2008

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Posted in South Bay Real Estate Statistics | 3 Comments »

South Bay MLS Real Estate Sales Update for November 2008

Tuesday, December 16th, 2008

November was a rough month for home sellers in the South Bay. Of the 3420 homes (Single Family Homes, Condos/Townhouses, and Residential Income Properties) listed for sale in the Greater South Bay MLS only 420 sold during the month with another 388 going into escrow. The current supply of homes assuming no others were to enter the market would last 8.1 months.

November 2008 Home Sales in the South Bay

November 2008 Home Sales in the South Bay

Inventory of Homes for Sale in the South Bay Nov. 2008

Inventory of Homes for Sale in the South Bay Nov. 2008

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Posted in South Bay Homes for Sale, South Bay Real Estate Statistics | No Comments »