Tuesday, November 18, 2014

Lomita Income Property - Update Nov 2014

Lomita income units have slowed their sales pace going into the USA holiday season.  The current numbers show 4 months of supply in apartments placing this market in a "neutral" section between buyers or sellers.  The units for sale as of today are all duplexes or fourplexes, with one mixed use building also listed.
  • Available Units: 8 Apartments are listed for sale in Lomita priced from $499,000 to $1.5M
  • Units in Escrow:2 Units are in escrow ranging from $619,900 to $742,500
October sales included 3 units from $620,000 to $890,000. Unit breakdown:
  • Duplex sales – 2
  • Triplex sales - 1
On pricing, this month’s units sold an average of 1% under the asking prices. The average time on market was 41 days.

Would you like more information about income units in Lomita? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay of Los Angeles. Let us know how we can help!

- Josh Toering (310) 525-9440 or email ToeringandTeam@gmail.com

Lomita Units for Sale:

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