South Bay Real Estate Blog

Monday, January 16, 2006

Lomita Market Update for Last Quarter of 2005

There were 33 sales of single family homes, townhouses, and condos in Lomita during the last quarter of 2005, compared to 41 sales in the last quarter of 2004. The median price for the last three months of 2005 was $575,000, whereas it was $500,000 during the same time period in 2004. That represents a 15% increase in prices. In the last quarter of 2005, the median number of days on the market was 30, and there were 52 properties put on the market.

Much of Lomita is residential income property or properties that include several rental units, and these figures do not include sales of that type of property.

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