August 6, 2009
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 said:
Do you have this information for the Palos Verdes Peninsula – PVP, RPV, PVE, RHE, and RH? If not, where would one find it? Thx.
August 12, 2009 8:18 AM