Thursday, January 26, 2006

Sales "take a holiday" in December: Shorewood

According to Shorewood Homes,
Continuing to reflect a market in transition, South Bay home sales took a pronounced pause for the holidays, with only 115 homes changing hands during December in the cities of El Segundo, Manhattan Beach, Hermosa Beach and Redondo Beach, according to the monthly Shorewood Report. That figure was off nearly 44% from the 205 homes that sold during December 2004 and represents a 12-month low. At the same time, the number of homes put on the market rose nearly 24%, to 307 last month compared to 248 homes offered for sale during the same month last year.
Number of homes for sale:  307  vs. Dec 04   248  (+ 23.8%)
Number of homes sold:      115  vs. Dec 04   205  (- 43.9%)
Number of sales pending:    92  vs. Dec 04   140  (- 34.3%)          

For sale avg price:  $1,386,000 vs. Dec 04  $1,203,000 (+ 15.2%)
Sold avg price:      $1,058,000 vs. Dec 04    $936,000 (+ 13.0%)         
Sold median price:     $875,000 vs. Dec 04    $785,000 (+ 11.5%)

Sold avg $ per s/f:        $564 vs. Dec 04        $489 (+ 15.3%)

Days on market avg:          36 vs. Dec 04          35

-- For sale by price range:

Less than $500,000           13 vs. Dec 04          13
$500,000-$749,999            53 vs. Dec 04          43
$750,000-$999,999            91 vs. Dec 04          89
$1,000,000-$1,499,999        66 vs. Dec 04          46
$1,500,000-$1,999,999        34 vs. Dec 04          36
$2,000,000 and above         50 vs. Dec 04          21

-- Sold by price range:

Less than $500,000            4 vs. Dec 04          14
$500,000-$749,999            24 vs. Dec 04          74
$750,000-$999,999            43 vs. Dec 04          61
$1,000,000-$1,499,999        29 vs. Dec 04          30
$1,500,000-$1,999,999         7 vs. Dec 04          20
$2,000,000 and above          8 vs. Dec 04           6

5 Comments:

Blogger William said...

You said that Centex's Fusion is doing well on thehousingbubble2. What makes you think that?

1:50 PM, January 26, 2006  
Blogger bearmaster said...

I was joking. However, Centex itself said,

"'Right now, our Sacramento and San Diego operations are also moderating while our five other California markets continue to be strong.'"

which suggests that (for now) it is still going well.

4:55 PM, January 26, 2006  
Blogger returntodc said...

just posted a link to your blog on my website - Housing bubble resource center:


www.enaghbeg.com/Housing_crash/index.html

10:57 AM, January 27, 2006  
Blogger bearmaster said...

ReturnToDC, you are one busy blogger, no less than three housing bubble blogs!?!?! :)

11:08 AM, January 27, 2006  
Blogger returntodc said...

That was a mistake. I wouldn't do it again. But I've started and they are all working pretty well in terms of visits. If I could find a way of merging them...

Returntodc

1:27 PM, January 27, 2006  

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