Single Family Residential Home, Townhomes and Condominiums.
Statistics as of March 17, 2008 compiled from MRMLS South Bay Association of Realtors®.
Manhattan Beach
| February Sales | |
|
Number of Sales Closed |
16 |
|
Average List Price |
$2,067,695 |
|
Average Sale Price |
$1,997,125 |
|
% Diff. List Price/Sale Price |
-3.4% |
|
High Sale |
$3,625,000 |
|
Low Sale |
$1,200,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
Hermosa Beach
| February Sales | |
|
Number of Sales Closed |
6 |
|
Average List Price |
$1,793,293 |
|
Average Sale Price |
$1,728,661 |
|
% Diff. List Price/Sale Price |
-3.6% |
|
High Sale |
$7,600,000 |
|
Low Sale |
$521,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
North Redondo Beach
| February Sales | |
|
Number of Sales Closed |
14 |
|
Average List Price |
$689,993 |
|
Average Sale Price |
$674,714 |
|
% Diff. List Price/Sale Price |
-2% |
|
High Sale |
$890,000 |
|
Low Sale |
$500,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
South Redondo Beach
| February Sales | |
|
Number of Sales Closed |
4 |
|
Average List Price |
$1,236,625 |
|
Average Sale Price |
$1,053,880 |
|
% Diff. List Price/Sale Price |
-14% |
|
High Sale |
$1,590,000 |
|
Low Sale |
$520,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
El Segundo
| February Sales | |
|
Number of Sales Closed |
5 |
|
Average List Price |
$698,360 |
|
Average Sale Price |
$669,800 |
|
% Diff. List Price/Sale Price |
-4% |
|
High Sale |
$830,000 |
|
Low Sale |
$529,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
Summary:In years past, February has been an important month for real estate sales. It has always been a great time to get your home marketed and usually equates to quick sales. With this year’s market, we are seeing a slower turnaround in the homes that are for sale. For example, the number of homes that has sold in past February months has averaged much higher and the pricing much closer to the asking price. What I’m seeing as your professional in the streets is a return to conservative investing on the part of buyers. They are no longer rushing out to purchase a home for fear that someone else will buy it. This ultimately is a good thing for everyone. If buyers make really thoughtful choices about what they want and they are honest with themselves about their financial situation and they are looking to be in a home for 5+ years, then they are more likely to be happy in their decision and less likely to second guess their decision. Everything goes in cycles. Investment is a risk, but over time, real estate has proven to be the strongest of investments a person can make. Many times, real estate will average a higher return than other more volatile investments. This is a great time to make a deal and really enjoy looking for your new home.Current Number of “Active” Properties on the Market:Manhattan Beach: 172Hermosa Beach: 97North Redondo Beach:163South Redondo Beach:127El Segundo: 41
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