4/18/2008

Properties are Selling in Southern California

It's that time of year when the weather is warmer, and traditionally there is more market activity, so what's happening now in local area cities? How many properties are currently in escrow?
For residential properties (houses, condos, townhomes, own-tour-owns, coop units) as listed in the MLS:
  1. Long Beach - 397 (March closed esrows - 165)
  2. Huntington Beach - 215 (March closed escrows - 104)
  3. Cerritos - 42 (March closed escrows - 24)
  4. Lakewood - 121 (March closed escrows - 49)
  5. Seal Beach - 33 (March closed escrows - 30)
  6. Los Alamitos, including Rossmoor area - 16 (March closed escrows - 16)
  7. Bellflower - 50 (March closed escrows - 14)
  8. Cypress - 49 (March closed escrows - 15)
  9. Costa Mesa - 74 (March closed escrows- 44)
If the above figures are any indication, the sales activity has increased overall. There are factors such as length of escrow time and seasonal activity, however, the overall decline in the median sales price combined with higher loan limits available are factors as well. Check the March zip code chart for sales trends in your area.

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