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PV HOUSING MARKET UPDATE (May 4, 2008)
MARKET ALERT!
Sales are becoming slow and the market condition has deteriorated to the point of concerns.
We have been told that many banks prefer 25% down payment or larger.
(As of 23:00, May 4, 2008)
| PRICE RANGE |
ACTIVE |
IN ESCROW |
E/A RATIO |
| |
-- |
$999,900 |
32 |
9 |
28% |
| $1,000,000 |
-- |
$1,249,900 |
32 |
17 |
53% |
| $1,250,000 |
-- |
$1,499,900 |
46 |
11 |
24% |
| $1,500,000 |
-- |
$1,999,900 |
64 |
15 |
23% |
| $2,000,000 |
-- |
$2,999,900 |
37 |
8 |
22% |
| $3,000,000 |
-- |
|
46 |
9 |
20% |
| TOTAL |
257 |
69 |
↓ 27% |
| MEDIAN PRICE (,000) |
$1649 |
$1449 |
|
| (Source:
MLS) |
By area please click here Market E A Ratio Analysis
Townhomes and Condominiums
As usual, right after the single family market slowed, the townhome market started selling; and so did condos. (E/A Ratio:townhomes-41%; condos-31%) |
 The following links will lead you to sample properties Rockyfield has selected at its own discretion from Multiple Listing Service (MLS). Displaying those properties in no way means any recommendation or endorsement by Rockyfield. All information included in our presentation is subject to professional inspections and various regulations.
Due to the limited space, our sample presentation is limited to Palos
Verdes Peninsula and South Torrance areas; however, Rockyfield covers
most South Bay areas. We update the sample property information weekly;
therefore, it is possible that the properties shown as "Active" may
have been sold. Please always contact Rockyfield to confirm the status
update.
| Unlisted Office Space for Lease: 2340
Sepulveda in Torrance; approx. 1000sf. Zoning: C3. Call us. |
CLICK LINKS BELOW TO SEE SELECTED PROPERTIES
If you want to see any of these properties, please call us
(310-544-0857 Ext. 3#)
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Rockyfield. All
rights reserved.
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