Archive for 'Analysis'

July’s Drop in Sales

Posted on27. Aug, 2010 by Tony Cordi.

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A recent announcement by the National Association of Realtors on July sales has created quite a stir.  The number of sales of existing homes “plunged 27.2 percent” in July from last year.  Here are the numbers for our local beach cities: Manhattan Beach – Down 16 percent Hermosa Beach – Down 29 percent Redondo Beach [...]

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Willing the Market to Recovery

Posted on27. Jan, 2010 by Tony Cordi.

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I find it very intriguing that there are many listings in the South Bay real estate market that are clearly priced well above current market rates.  This has been the subject of many articles and yet it still fascinates me how frequently it occurs.  In the South Bay region of Los Angeles, the median sales [...]

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South Bay December Sales are Up

Posted on26. Jan, 2010 by Tony Cordi.

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The big real state news from earlier this week addressed the big drop in home sales nationwide in December, down about 17 percent from the previous month.  A big part of this was attributed to a decline in first time buyers among other factors.  Here in the South Bay, however, home sales actually increased in [...]

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2009 South Bay Home Sales Summary

Posted on06. Jan, 2010 by Tony Cordi.

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The holidays are behind us now.  So too, is another year.  For many people, the end couldn’t come quick enough.   The South Bay real estate market continued being pulled down by what seemed to be an unrelenting gravity.  As difficult as it was though, there are, thankfully, signs of life in a number of [...]

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A Tough Year for Palos Verdes Home Sales

Posted on14. Dec, 2009 by Tony Cordi.

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I recently looked at single family home sales in the beach cities of the South Bay to get a sense of whether the market has turned the corner yet.  The credit market crash of late 2007 hit the real estate industry hard and the South Bay was no exception.  Sales volume and median selling prices [...]

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Are December Escrows Signaling a Shift in the Market?

Posted on11. Dec, 2009 by Tony Cordi.

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In my post yesterday (“Are Home Sales in The Beach Cities Turning the Corner?“), I showed that for a handful of the sub-areas in the beach cities, both the number of sales and the median sales prices are on the rise.  This is encouraging news.  Today I wanted to explore escrows for sold single family [...]

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Are Home Sales in the Beach Cities Turning the Corner?

Posted on10. Dec, 2009 by Tony Cordi.

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Over the course of my last several posts, I have been addressing the favorable appreciation in value of single family homes in the South Bay this decade in spite of our decline from the peak values of a couple of years ago.  No matter how you look at it, 2008 was a difficult year in [...]

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Comparing Manhattan and Redondo Home Appreciation Rates

Posted on09. Dec, 2009 by Tony Cordi.

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I have been spending a lot of time recently looking at the appreciation rates for single family homes in the South Bay (see “Looking at Single Family Home Appreciation Relative to Inflation“).  There were a number of unusual findings that surprised me when I checked out the data.  One in particular is that the average [...]

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The Change in New Home Sales in the South Bay

Posted on04. Dec, 2009 by Tony Cordi.

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I recently posted about the appreciation of single family home average sales prices in the South Bay (“Looking at Single Family Home Appreciation Relative to Inflation“).  One reader was curious what impact the number of new homes in Manhattan Beach has had on the appreciation rates for this city in particular.  My gut feeling has [...]

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Could New Escrows be a Leading Indicator of Home Sales Trends?

Posted on03. Dec, 2009 by Tony Cordi.

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In my last two posts I took a look at the appreciation of single family homes since 2000 as well as the shifts in the dynamics of the market.  The value of homes has outpaced inflation during this time, but the number of sales are down by a significant amount.  The peak average sales price [...]

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