Buyer’s Market: January Real Estate Sales for the South Bay
Local Sales Info. February 20th, 2008Single Family Residential Home, Townhomes and Condominiums.
Statistics as of February 20, 2007 compiled from MRMLS South Bay Association of Realtors®.
Manhattan Beach
| January Sales | |
|
Number of Sales Closed |
10 |
|
Average List Price |
$1,879,940 |
|
Average Sale Price |
$1,791,100 |
|
% Diff. List Price/Sale Price |
-5% |
|
High Sale |
$4,500,000 |
|
Low Sale |
$1,187,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
Hermosa Beach
| January Sales | |
|
Number of Sales Closed |
6 |
|
Average List Price |
$1,882,500 |
|
Average Sale Price |
$1,816,666 |
|
% Diff. List Price/Sale Price |
-3% |
|
High Sale |
$3,700,000 |
|
Low Sale |
$969,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
North Redondo Beach
| January Sales | |
|
Number of Sales Closed |
10 |
|
Average List Price |
$778,580 |
|
Average Sale Price |
$754,900 |
|
% Diff. List Price/Sale Price |
-3% |
|
High Sale |
$1,515,000 |
|
Low Sale |
$440,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
South Redondo Beach
| January Sales | |
|
Number of Sales Closed |
10 |
|
Average List Price |
$1,044,590 |
|
Average Sale Price |
$996,902 |
|
% Diff. List Price/Sale Price |
-5% |
|
High Sale |
$2,000,000 |
|
Low Sale |
$710,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
El Segundo
| January Sales | |
|
Number of Sales Closed |
6 |
|
Average List Price |
$1,433,667 |
|
Average Sale Price |
$1,351,325 |
|
% Diff. List Price/Sale Price |
-6% |
|
High Sale |
$1,675,000 |
|
Low Sale |
$1,010,000 |
© Brinette Holdren - visit sellingbeachhomes for more great content.
Summary:
The significance of list price over sale price is that buyers were able to negotiate a lower sales price than the
sellers were asking for their properties. Also, this means that it is a buyer’s market and a great time
to make an investment in real estate.
Current Number of “Active” Properties on the Market:Manhattan Beach: 157Hermosa Beach: 95North Redondo Beach: 154South Redondo Beach: 137El Segundo: 41
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