Happy New Year!
San Pedro closed the year in strong fashion. Although single family homes sales volume decreased by one unit, from 25 to 24, average price stayed relatively the same, dropping from $673k in November to nearly $668k in December.
Condominiums and Townhouse sales saw a significant increase in units sold, up to 22 from 15 in November. Volume sold increased by 30%, up from $6.3 million in November to over $9.4 million for December. Average price continues to bounce back after a sharp drop off from October ($450k) to November ($421k). December posted an impressive average condo/townhouse sale price of $428,000, which is the second highest average monthly sale price for condos/townhouses for all of 2017.
Stay tuned for our market review of 2017, coming in mid January!