For the month of October the Greater South Bay Multiple Listing Serivce is reporting 506 properties sold at an average sale price of $688,196. For the year to date 5340 properties have been sold in the Greater South Bay at an average sale price of $888,454.
The top performing broker for the month of October was Shoreword Realtors with 76 properties sold at an average sale price of $1,055,376. See the chart below for the complete breakdown of brokerage sales as reported by the Greater South Bay Multiple Listing Serivce.
Tags: october south bay real estate sales, south bay home sales, south bay real estate brokers
Wow, I can’t believe how much the average home sale price dropped in Oct. compared to the year. If it wasn’t 500+ sales I’d say it was an aberration, but with that many sales the law of averages says it is a solid indicator of the market.