This may come as a surprise, but based on the current inventory of active listings and pending sales the popular San Pedro neighborhood of South Shores is experiencing a Seller's Market. Yes, that's right--there are currently more homes in escrow than there are homes for sale. If you're thinking about selling now might be the time to get serious, very serious.
South Shores real estate statistics for March 2009:
Active Listings: 5 Single Family Homes are listed for sale priced from $699,000 to $1,899,000.
Pending Sales: 7 Single Family Homes are in escrow priced from $450,000 to 1,189,000.
March Sales: 3 Single Familly Homes closed escrow priced from $595,000 to $707,500.
If a new addition has you shopping for a larger home, South Shores might be a great place to look for an ocean view property with plenty of room for a growing family.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.