South Bay Sale to List Ratios

Last week we held our monthly home buying class in Torrance with a focus on what’s going on in the South Bay. I had written this post then and totally spaced on posting it. Here it is!

You can find the slides online. But some of the highlights include…

The most recent Case-Shiller data for LA.

Which we recently blogged about, Case-Shiller: Los Angeles Price Drops Continue Moderation.

Sale versus list data for single family homes.

Area (# of solds) List Price Sale Price SP/LP SP/OLP
Torrance (176) $556,327 $550,102 99.6% 96.1%
Redondo Beach (88) $813,252 $786,727 97.2% 92.9%
San Pedro (67) $458,549 $442,318 96.6% 89.9%
Carson (123) $305,376 $308,237 101.5% 95.9%
Gardena (78) $303,352 $298,964 98.2% 93.7%
Long Beach (620) $404,404 $396,079 99.8% 95.6%

The sale to list for LA county SFH is 99%.

Data range: 90-days from July-24. Source: SoCalMLS

Sale versus list data for single family real estate owned (REO) homes.

Area (# of solds) List Price Sale Price SP/LP SP/OLP
Torrance (34) $359,991 $370,131 104% 99%
Redondo Beach (5) $477,040 $490,980 104% 95%
San Pedro (17) $286,769 $275,941 97% 87%
Carson (82) $288,890 $298,501 103% 99%
Gardena (38) $279,608 $282,037 101% 99%
Long Beach (227) $251,626 $254,503 102% 95%

The sale to list for LA county for SFH REOs is 102%.

Data range: 90-days from July-24. Source: SoCalMLS

Torrance

  • Median price is up 25.9% year over year to $749,000
  • Number of homes for sale is down 48.4% year over year
  • June ’09 inventory would take 3 months to sell if there were no new listings. This is down from 13 months in June ’08.

Long Beach

  • Median price is down 14.7% year over year to $363,450
  • Number of homes for sale is down 40.5% year over year
  • June ’09 inventory would take 2 months to sell if there were no new listings. This is down from 6 months in June ’08.

Carson

  • Median price is down -27.4% year over year to $277,000
  • Number of homes for sale is down -59.9% year over year
  • June ’09 inventory would take 2 months to sell if there were no new listings. This is down from 12 months in June ’08.
  • Jane

    Do you have this information for the Palos Verdes Peninsula – PVP, RPV, PVE, RHE, and RH? If not, where would one find it? Thx.