LOOKING FOR PRICES ON YOUR OCEAN VIEW HOME IN THE SOUTH BAY? READ THIS

By
Real Estate Agent with Remax Estates Properties

Here is the latest sales statistics as of June, 2008 on Ocean View properties from the South Bay Coastal Cities. Manhattan Beach, Hermosa Beach, Redondo Beach, Hollywood Rivera and Palos Verdes Peninsula.

HousePicture Courtesy of Dream Houses.com

As you can see by the chart below the price per square foot in remaining stabil and on the rise. Expect more rise in prices and homes for sale next few months. We have the most number of pending and closed sales in the last 3 months of 2008, chasing 2007 statistics.

 

Date 4/07 5/07 6/07 7/07 8/07 9/07 10/07 11/07 12/07 1/08 2/08 3/08 4/08 5/08 6/08
For Sale 2095 2275 2385 2425 2799 2861 2775 2585 2272 2340 2446 2427 2498 2586 2647
Sold 402 370 421 370 360 238 224 233 231 177 186 225 286 291 294
Pended 322 309 315 300 194 171 222 162 176 185 278 272 307 356 322
Months of Inventory based on Closed Sales 5.2 6.1 5.7 6.6 7.8 12.0 12.4 11.1 9.8 13.2 13.2 10.8 8.7 8.9 9.0
Months of Inventory based on Pended Sales 6.5 7.4 7.6 8.1 14.4 16.7 12.5 16.0 12.9 12.6 8.8 8.9 8.1 7.3 8.2
Avg. Active Price 914 945 915 924 874 871 872 849 846 873 869 874 900 891 898
Avg. Sld Price 963 967 940 993 944 1048 960 933 862 828 852 932 864 824 930
Avg. Sq. Ft. Price 514 518 516 522 515 552 533 487 480 424 471 495 466 447 493
Sold/List Diff. % 98 98 98 98 98 98 96 97 96 96 96 95 96 97 96
Days on Market 51 44 50 48 49 49 63 62 62 72 65 74 64 66 61
Median Price 730 715 696 732 735 730 650 630 618 600 605 625 622 600 580

*All reports are published Jul. 2008, based on data available at the end of Jun. 2008.
All reports presented are based on data supplied by the South Bay Association of Realtor or its MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Chart

 

Real Estate for the Soul’s Featured Property of the Week:

Ocean

http://activerain.com/blogsview/388938/32646-Coast-Site-Rancho   Rancho Palos Verdes

Best Ocean view Condo

http://activerain.com/blogsview/306368/4134-Pacific-Coast-Hwy Torrance Newer Home

Best Newer Construction

http://activerain.com/blogs/palosverdesrealtor4god/tags/homes%20historical Pasadena Victorian Updated and Prestigious

 

Real Estate Articles:

 http://activerain.com/blogsview/503521/Still-Have-an-Adjustable

http://activerain.com/blogsview/503468/Is-this-the-Final (interest Rate cut)

http://activerain.com/blogsview/452990/Los-Angeles-County-Grea FHA

http://activerain.com/blogsview/462789/Renting-Versus-Buying-In

http://activerain.com/blogsview/389098/Tax-Savings-on-Moving

http://activerain.com/blogsview/487163/Interst-Rates-up-Dont Save money on interest buy now

http://activerain.com/blogsview/452990/Los-Angeles-County-Grea FHA

http://activerain.com/blogsview/377623/New-California-Real-Estate appraiser

http://activerain.com/blogsview/403208/Palos-Verdes-Home-Owners

 

 Family Info & events
http://activerain.com/blogsview/500245/-Top-4-Best Brunches in the Pv & South Bay

http://activerain.com/blogsview/142901/Searching-for-Best-Schools

http://activerain.com/blogsview/233943/Internet-Safety-for-Children

 

Senior Care & Events 

Seniors

http://activerain.com/blogsview/467528/Reverse-Mortgage-is-it

 

http://activerain.com/blogsview/472230/Keep-Safe-Coalition-Protecting

More articles: Senior-Long-Term-Care

http://activerain.com/blogsview/471828/Senior-Long-Term-Care

 

 

 

Posted by

Ocean

 *All views used in these pictures have been sold by Mary C. Thomas

                                                                 

                                        Mary C. Thomas Realtor- 310-946-2205

This blog is property of Mary C. Thomas copyright 2008

 

 

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