Single Family Residences (SFR) saw a one unit drop in number of units sold, 32 compared to 33 in June. However, average sale price increased significantly from $656k to $757K! Days on market also dropped slightly to 34 days compared to 36 in June.
Condos and Townhouses had a significant decrease in units sold, down to 27 from the 40 that sold in June. However, average sale price continued to increase, up to $415k compared to $411k in June. Days on market also decreased to only 20 days compared to 44 for June.
The figures indicate high demand for property, more notably for condos and townhouses, indicating a strong #firsttimehomebuyers Market.
What are your thoughts on the market? 
Although interest rates have settled in the 6% range for much of the new year, housing inventory remains low, but prices have started to decline.
The San Pedro housing market for February 2023 saw significant changes to the average sale price of homes, indicating that rates may be putting pressure
The San Pedro housing market started 2023 strong, similar to the fourth quarter of 2022. Interest rates decreased slightly, helping raise the average sale price
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!
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!
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!
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 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!
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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