Real Estate Market Watch: San Pedro – December 2017

Happy New Year!

And what a year it’s been! More on 2017 later. For now, lets take a look at what happened in December:

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!

 

 

 

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