San Pedro Real Estate Market Watch: April ’18

Another month in the books! Lets take a look the San Pedro Real Estate Market Watch numbers for the month of April. To summarize the numbers below: San Pedro real estate experienced a pullback in comparison to what we saw in March. Although volume was down, average price increased for single family homes while cutting days on market to just 17 days. Condominiums and Townhouses experienced a similar trend but demand seems to have leveled a bit. If you missed last month’s San Pedro Market Watch report, you can find it here. San Pedro Real Estate Market Watch April 2018

San Pedro Real Estate Market Watch: April 2018

  San Pedro real estate, specifically Single family residences, experienced a sharp drop in units sold and volume, dropping to 26 units sold for the month of April compared to 34 in march. However, average price increased, although only by a few hundred dollars, to $678k. An important figure to make note of is the days on market, which dropped from 34 to only 17 days! Homes are selling extremely fast in San Pedro and we expect the trend to continue, especially with all the buzz going on at the water front and the recent news about SpaceX and Alta Sea coming to our side of town. Condominiums experienced a drop in average price for the first time since November of ’17, dropping below February’s ($447k) and March’s ($472k) average to $444k. Units sold dropped from 18 to 15 units and days on market averaged 37 days, same as March. Look for prices and number of units sold to steadily increase in the coming months, as summer tends to be the peak of the real estate season. Be sure to check out San Pedro page for the newest listings in town!  

Who is The Prestige Team?

Rancho Palos Verdes Realtor Broker Associate Karen Anderson, along with her Real Estate Team, The Prestige Team, has been selling residential real estate in the South Bay, including Rancho Palos Verdes, San Pedro, and far beyond LA County for over 27 years and is ranked in the top 1% of realtors in Rancho Palos Verdes.  We specialize in transforming homes into impeccably presented real estate listings that command top dollar in the shortest amount of time!  

Learn more about us below!

Before After

For our Buyers:

Added Benefits When Working With Us

Contract Knowledge

The Residential Purchase Agreement is 10 pages of terms and conditions that stipulate every aspect of the purchase, and we know exactly how to use them to your complete advantage!

Expert Negotiators

As experienced Full-Service Realtors, we know how to leverage you buying and bargain power. Whether competing to get your offer accepted or negotiating repairs, our goal is to get you a great deal!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

On Every Listing:

Need Additional Assistance? We Specialize in that!

Decluttering & Emptying Properties

Need help with decluttering? Whether you need a few boxes and an extra set of hands, have a house full of items that need to go, we have the resources in place ready to assist with your needs!

Schedule Management

Schedule Management is crucial if you have a time frame in mind for the sale of your home. Let us use our experience to ensure every aspect of preparing your home for the market stays on schedule!

Team = Always Available

The added benefit of working with The Prestige Team is that one of our Real Estate Professionals is always available to help. No missed opportunities!

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