The Carson CA Real Estate Market Authority

Published by ama April 30th, 2009 in advice. Tags: advice.

From the desk of Greg M. Ingerson, Attorney At Law

During the Spring season, Carson home sellers should begin to see a gradual decrease in the number of showings and inquiries for their home over the next few weeks.

Last month, the MLS summary showed that there were 191 homes for sale in Carson and 64 sold. Translation, under current market conditions, in any given month, you have about a 1 in 3 chance of selling your home.

In other words, when pricing your home, the practice of adding a “Pad” or “Cushion” to make room for negotiating is not advisable in this market.

As an informed Home Seller, you should understand that with an increase in inventory “supply” there is a corresponding decrease in demand.

Home Sellers should pay close attention to “Current Buyers.” Similar homes that have recently “Sold” tell us what people are willing to pay for this kind of home, in this area, at this time.

Information about similar homes “Currently for Sale” tells us what we are competing against. Buyers considering your home are also inspecting these homes.

Moreover, “Expired” listings tell us what people are not willing to pay for this kind of home, in this area, at this time.

Home Sellers in this market should realize that buyers in today’s market will not overpay for a home and even if they would, the bank will not loan more than the home is worth when it doesn’t appraise.

So what can we expect? Demand should decrease a little over the coming weeks.

The Numbers Don’t Lie, Here Is What’s Happening:

On April 1, 2009, there were 191 active listings for sale in the Carson Market: 139 Houses; 15 Townhouses; and 37 Condominiums.

In the past year, there were 561 homes sold in Carson (between 4.01.08 and 3.31.09): 463 Houses; 41 Townhouses; and 57 Condominiums.

What this means is that on a yearly average, the inventory is currently turning over at a rate of approximately 2.9 times per year.

Broken down even further by specific property type, we find that given the current absorption rates, we can expect Houses to be on the market an average of 108 days, Townhouses will be on the market an average of 132 days, and Condominiums should be on the market an average of 234 days.

Market Recap for the Month of March, 2009

When one compares the March results with the yearly result, we find that there is an approximately 3.0 month inventory of homes for sale in Carson.

Broken down by specific property type, we find that there is a 2.7 month inventory of Houses, a 2.5 month inventory of Townhouses, and a 5.3 month inventory of Condominiums on the market in Carson. (Based on current absorption rates).

How should a Seller approach the market? The key in today’s market is proper pricing. If you are thinking of selling, now may be the best time to put your Home on the market for the foreseeable future before any additional interest rate increases are implemented.

How should a Buyer approach the market? For buyers, this is a good time to be in the market while sellers are willing to negotiate price and while interest rates are still low.

For more information regarding the South Bay and/or greater Los Angeles Real Estate Markets, please visit our website at http://www.LAHomeSearch.com for FREE information or give our office a call at 310.908.2172 ‑ 24 Hours a Day.

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- Find Out What The House Down The Street Sold For

- Virtual Tours

- And much more

Carson Home Sales by the Numbers

64 sold in March 2009

14 sold in March 2008

191 Current Active Listings

139 Houses

15 Townhouses

37 Condos

64 Sold in March 2009

51 Houses

6 Townhouses

7 Condos

133 Contingent & Pending in March 2009

108 Houses

13 Townhouses

12 Condos

35 Expired in March 2009

25 Houses

6 Townhouses

4 Condos

14 Sold in March 2008

12 Houses

1 Townhouses

1 Condos

26 Sold in March 2007

20 Houses

4 Townhouses

2 Condos

55 Sold in March 2006

38 Houses

8 Townhouses

9 Condos

45 Sold in March 2005

28 Houses

8 Townhouses

9 Condos

40 Sold in March 2004

30 Houses

10 Townhouses

0 Condos

41 Sold in March 2003

31 Houses

6 Townhouses

4 Condos

39 Sold in March 2002

32 Houses

4 Townhouses

3 Condos

48 Sold in March 2001

34 Houses

8 Townhouses

6 Condos

42 Sold in March 2000

31 Houses

6 Townhouses

5 Condos

31 Expired in March 2008

26 Houses

4 Townhouses

1 Condos

22 Expired in March 2007

18 Houses

2 Townhouses

2 Condos

12 Expired in March 2006

10 Houses

1 Townhouses

1 Condos

3 Expired in March 2005

3 Houses

0 Townhouses

0 Condos

3 Expired in March 2004

2 Houses

1 Townhouses

0 Condos

9 Expired in March 2003

7 Houses

1 Townhouses

1 Condos

8 Expired in March 2002

7 Houses

0 Townhouses

1 Condos

6 Expired in March 2001

5 Houses

1 Townhouses

0 Condos

10 Expired in March 2000

6 Houses

3 Townhouses

1 Condos

To search for bank owned properties on the market go to http://www.LAHomeSearch.com

To search for Southern California Real Estate including real estate in Beverly Hills, Brentwood, Santa Monica, and Malibu go to http://www.LAHomeSearch.com

For Los Angeles Real Estate go to http://www.LAHomeSearch.com

To search for “For Sale By Owner” properties in the Los Angeles Real Estate Market visit http://www.FSBO.LAHomeSearch.com

Thinking of Selling? To get the most Money, Fastest Sale, and the Fewest Problems, visit http://www.LAHomeSearch.com

About the Author

Greg M. Ingerson, Attorney At Law & Real Estate Broker, is a real estate Broker with LA Home Search in Los Angeles, California. To learn more about the Los Angeles Real Estate Market, please visit http://www.LAHomeSearch.com