October was a relatively slow month for Real Estate in Signal Hill.
Accroding to the SoCal MLS database, there were
13 sales in all of Signal Hill in October
5 Single Family sales
8 Condo/Attached sales
No homes sold above $600,000.
No condos sold above $400,000.
Average days on market was 59.9
Signal Hill is left with 60 active listings as of 10/31/2009.
So, what does all of this mean? There are still over 4 months supply of properties available, and over 1/2 of the available homes are above $600,000, where there are very few buyers.
On a positive note, I just closed escrow on a home in Signal Hill today for $770,000! 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.LiveInSignalHill.com
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