Real estate and homes for sale in the South Bay

Homes in the Beach Cities and South Bay

Real Estate Market Update – South Bay Home Sales

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It’s a bit too early to determine just how much Covid 19 will impact the real estate market in the South Bay, so the information below will certainly change as March numbers start coming in.  As you can see from the chart below the number of new listings dropped dramatically at the end of 2019 with a rebound seeming to be taking hold in 2020.  These numbers will inevitably drop given the situation in the world and real estate.

The chart below shows the total number of homes “for sale” each month (light green) along with the number of sold homes (dark green) and the homes that entered escrow (red line)

The chart below shows the average days on market (orange bar) and the percentage of sale price compared with the original list price.  Notice that for the past 15 months homes have sold for very close to full price.

 

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