Every Day Is A Good Day In The South Bay In LA

Every Day Is A Good Day In The South Bay In LA
Hermosa Beach

Thursday, May 15, 2008

Market Synopsis (Manhattan Beach)

Manhattan Beach

Property types: Single Family Homes, Condo/Townhomes & Residential Income

Price Range: 0 - No Limit

Number of homes for Sale vs. Sold vs. Pended

Homes Closed in Apr. 2008: 32

Homes Placed under Contract in Apr. 2008: 26

Supply of Homes - Months of inventory: 5.8
(Assuming no others were to enter market)

Market Advantage - Neutral
(Buyer's market: more than 6 months of inventory
Seller's market: less than 3 months of inventory
Neutral market: 3 - 6 months of inventory)

Days on Market & Sold/List Price %

Average Days on Market: 58

Sold/List Price Ratio: 96%

Average Price for Sale & Sold

Average for sale price (in $,000): 2235

Average sold price (in $,000): 1601

Price Trend: Depreciating
(6 month trend - Appreciating/Depreciating/Neutral)

All reports presented are based on data supplied by the South Bay Association of Realtor or its MLS. Neither the Association nor its MLS guarantees or isin anyway responsible for its accuracy. Data maintained by the Associationor its MLS may not reflect all real estate activities in the market.Information deemed reliable but not guaranteed.

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Homes Closed in Apr. 2008: 32

Homes Placed under Contract in Apr. 2008: 26

Supply of Homes - Months of inventory: 5.8
(Assuming no others were to enter market)

Market Advantage - Neutral
(Buyer's market: more than 6 months of inventory
Seller's market: less than 3 months of inventory
Neutral market: 3 - 6 months of inventory)



Average Days on Market: 58

Sold/List Price Ratio: 96%



Average for sale price (in $,000): 2235

Average sold price (in $,000): 1601

Price Trend: Depreciating
(6 month trend - Appreciating/Depreciating/Neutral)



Shorewood Realtor - Market Reports (All Manhattan Beach) - MAY. 2008.pdf

Market Synopsis (All GSB Cities Combined) For April 08

All GSB Cities Combined

Property types: Single Family Homes, Condo/Townhomes & Residential Income

Price Range: 0 - No Limit

Number of homes for Sale vs. Sold vs. Pended

Homes Closed in Apr. 2008: 400

Homes Placed under Contract in Apr. 2008: 482

Supply of Homes - Months of inventory: 10.6
(Assuming no others were to enter market)

Market Advantage - Buyer
(Buyer's market: more than 6 months of inventory
Seller's market: less than 3 months of inventory
Neutral market: 3 - 6 months of inventory)

Days on Market & Sold/List Price %