The Impact Of Short Sales On The South Bay Real Estate Market

Posted on 07. Oct, 2009 by Barry Brickel in Market Forecasts


The number of Short Sales compared to the number of total sales is another indicator of the condition of the South Bay Real Estate Market.

For September 09 the percentage of sales that were Short Sales was 55/579 = 10.59%  for the entire South Bay (Inglewood to San Pedro) A relatively low number, and another confirmation of a strong market.  The less affluent areas had the highest percentage of short sales.  We will be watching the trend of the indicator in the future

The table below shows a comparison for some selected South Bay cities.

CityTotal Sold UnitsShort Sales Sold% of ShortSales
Redondo Beach6223.25%
Hermosa Beach1616.25%
Manhattan Beach2514.00%
Hawthorne29517.2%
Gardena43716.2%
Palos Verdes6432.13%
Torrance93910.33%
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