October was a relatively slow month for Real Estate in Signal Hill.
Accroding to the SoCal MLS database, there were
64 sales in all of Lakewood in October
61 Single Family sales
3 Condo/Attached sales
No homes sold above $650,000.
No condos sold above $250,000.
Average days on market was 64
Lakewood is left with 170 active listings as of 10/31/2009.
So, what does all of this mean? There are only about 2.5 months supply of properties available, and over almost 90% of the available homes are below $500,000 where there are still many, many buyers. Unfortunately, a high number of those homes still on the market are short sales.
On a positive note, I just closed escrow on a home in the Westgate area of Lakewood for $649,900! Now there's a start!
For a Market Snapshot of any home in Southern California, log onto www.MyKWRealtor.com
To get a free list of homes for sale, log onto www.RDaskam.com
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