This may come as a surprise, but based on the current inventory of active listings and pending sales the popular San Pedro neighborhood of South Shores is experiencing a Seller's Market. Yes, that's right--there are currently more homes in escrow than there are homes for sale. If you're thinking about selling now might be the time to get serious, very serious.
South Shores real estate statistics for March 2009:
Active Listings: 5 Single Family Homes are listed for sale priced from $699,000 to $1,899,000.
Pending Sales: 7 Single Family Homes are in escrow priced from $450,000 to 1,189,000.
March Sales: 3 Single Familly Homes closed escrow priced from $595,000 to $707,500.
If a new addition has you shopping for a larger home, South Shores might be a great place to look for an ocean view property with plenty of room for a growing family.
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
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Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333
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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Hi Norma. You guys are bucking the trend with the Sellers market. I have seen this is in pockets around the country like Sacramento too.
Gary - South Shores is an affordable seaside neighborhood and a very popular choice for buyers who want an ocean view.