Archive for 'Market Watch'
South Bay Homes Market Update for Week of 5/2/2010
Posted on07. May, 2010 by Tony Cordi.
The market appears to be holding steady. The number of new listings for this past week, at 68, is the same as the prior week. The total number of active listings stands at 767, down from 780 the previous week. Closed sales jumped up to 61 from 39, though new escrows actually tapered off to [...]
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South Bay Homes Market Update for Week of 4/25/2010
Posted on30. Apr, 2010 by Tony Cordi.
Another week has passed and we seem to be settling in to a pattern here with respect to South Bay real estate activity. The number of new listings for the week climbed slightly to 68 and is continuing to exceed the 50 home threshold we straddled at the beginning of the year. The total number [...]
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South Bay Homes Market Update for Week of 4/18/10
Posted on25. Apr, 2010 by Tony Cordi.
What a difference a week can make. Last week I noted that 11 of the 45 closed sales of all home types in the South Bay could be classified as distressed. This week the number dropped to two out of the 37 closed sales. This is encouraging news, though it is clearly too early to [...]
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South Bay Homes Market Update for Week of 4/11/10
Posted on17. Apr, 2010 by Tony Cordi.
The sales of South Bay homes a couple of weeks ago had tapered off from the prior several weeks. This past week sales saw sales bounce back with closed sales jumping from 34 last week to 45 this week. New escrows moved up to 78 for the week, putting the total number of homes in [...]
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Rancho Palos Verdes Home Sales for First Quarter 2010
Posted on14. Apr, 2010 by Tony Cordi.
Rancho Palos Verdes is a relatively young city that will soon hit the big 40 and boasts a total population that now exceeds 41,000. Notable landmarks include Portuguese Bend, Wayfarer’s Chapel, Terranea Resort, and Trump National Golf Course. The sales of Rancho Palos Verdes homes of all types has risen sharply in the past year. [...]
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South Bay Homes Market Update for Week of 4/4/10
Posted on14. Apr, 2010 by Tony Cordi.
I’m playing catch-up tonight with respect to the weekly real estate sales activity for the South Bay. For the subject week, the number of closings fell hard from 42 to 34, a continuation of a short term slide. New escrows opened, on the other hand, jumped to 79, making it one of the better sales [...]
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South Bay Homes Market Update for Week of 3/28/10
Posted on14. Apr, 2010 by Tony Cordi.
I have fallen behind in my weekly updates on the South Bay, but I want to keep a running record so this will be on the short side. Both the number of new escrows and new closings declined from the previous week. The number of new escrows actually dropped from 82 to 52, while the [...]
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Rolling Hills Estates Home Sales for First Quarter 2010
Posted on09. Apr, 2010 by Tony Cordi.
Rolling Hills Estates became Los Angeles County’s 60th municipality back in 1957 when it was incorporated. At the time, the population was only 3,500. Today there are that many single family homes, townhomes, and condos. The city is characterized by bridle trails, white fences, vast open spaces and, of course, rolling hills. The city stretches [...]
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Rolling Hills Home Sales for First Quarter 2010
Posted on08. Apr, 2010 by Tony Cordi.
The city of Rolling Hills is a private, gated community that was incorporated back in 1957. The city maintains a ranch style/equestrian environment unlike any other in the South Bay. The sale of Rolling Hills homes appears to be charging well ahead of last year’s pace, when a total of 18 were sold the entire [...]
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Palos Verdes Estates Home Sales for First Quarter 2010
Posted on07. Apr, 2010 by Tony Cordi.
As we have seen with the beach cities, first quarter sales of Palos Verdes Estates homes are up significantly this year from the same period a year ago. Last year, there were only 18 sales across the four distinct areas of the city, while this year the number of sales of all home types jumped [...]
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