South Bay Vision | Market Update | February 2015

Blog, Market Updates, Real Estate News, South Bay Living
2014 pending home sales posted higher on a year-over-year basis for the first time since January 2013 and as expected, declined from the previous month due primarily to a seasonal slowdown toward the end of the year.

  • Nationally pending sales were up 2.6 percent from the 69.1 index recorded in December 2013.  The yearly increase was better than the six-month average of -4.3 percent from June 2014 to November 2014.
  • California pending home sales dropped in December, with the Pending Home Sales Index (PHSI)* falling 21.9 percent from 90.7 in November to 70.9 in December, based on signed contracts.  The monthly decline was in line with the seasonal slowdown in pending sales observed at the end of the year for the last two years.
  • Locally Manhattan Beach, Hermosa, Redondo Beach and El Segundo posted increases in available inventory for January 2015 based upon closed sales. All but Manhattan Beach showed an increase in sales over the same time last year.

Additional details on median price; properties for sale, sold (closed) pending; average price for sale as well as actual sold along with months of inventory available are just a click away below.

Please enjoy. Should your plans include real estate purchase and sales, please call or email with questions – and as always, thanks for your referrals!


California Association of Realtors (C.A.R.) February 2015


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