The Avenues... South Redondo

Sales are looking slightly better... March numbers were an improvement over January and February but as noted in the Daily Breeze... sales and prices are down this year compared to last year. April figures are looking better then March... with 146 homes and townhomes/condos going into escrow in the Beach Cities since April 1, 2009. There are 15 in El Segundo, 35 in Manhattan Beach, 18 in Hermosa Beach, 37 in North Redondo and 41 in South Redondo.

While these numbers are not even close to the heady figures of 2004, 2005 and 2006 they are an improvement on the numbers posted over last 4 months. However improving sale numbers do not mean the market is reaching the bottom... in fact just the opposite. In the current market sales are looking up for 2 reasons... lower interest rates and declining prices. The properties that are selling are in the entry to lower middle price range for each of the Beach Cities. The upper end of the price spectrum seems to be stuck in a rut with few sales in the offering.

Buyers with cash are hanging tough on what they are willing to pay. There is still a big difference between what buyers will offer and the number sellers want to see. Until those figures get closer sales will continue to be slow.

South Bay-Beach Cities: Sold March 2009(click on graph to enlarge)

South Bay-Beach Cities: Sold September 2008

South Bay-Beach Cities: Sold August 2008

South Bay-Beach Cities: Sold July 2008

South Bay-Beach Cities: Sold June 2008

South Bay-Beach Cities: Sold May 2008

South Bay-Beach Cities: Sold April 2008

South Bay-Beach Cities: SOLD March 2008

South Bay-Beach Cities: Sold February 2008

South Bay-Beach Cities: Sold January 2008

South Bay-Beach Cities: Sold November 2007

South Bay-Beach Cities: October SOLD 2007

South Bay-Beach Cities: September SOLD 2007

South Bay-Beach Cities: August SOLD 2007

South Bay- Beach Cities: July Sold 2007

South Bay-Beach Cities: Sold June 2007

South Bay-Beach Cities: Sold May 2007

South Bay-Beach Cities: Sold April 2007

South Bay-Beach Cities: Sold March 2007

South Bay-Beach Cities: Sold February 2007

South Bay-Beach Cities: Sold January 2007