San Pedro, CA Real Estate Housing Marketing Trends

RTI Properties Inc, Property Management Company brings some market trends for its customers interested to sell, buy or rent a real estate property in San Pedro, CA. Need a professional assistance for San Pedro Property Management for finding a rental home? Well, you are in the right place.

Housing Marketing Trends* in San Pedro, CA:

Housing trends in San Pedro show an increased by 3.3 % in prices of median home sales over the last year. The forecast is that it will rise to 4.7% in the next year. The median list price per square foot in San Pedro is $404, which is less than the Los Angeles average of $502. The median home price is $612,800. The median price of currently listed homes is $ 599,900. There are 207 homes listed in San Pedro which include 34 condos and 1 foreclosure. San Pedro is a seller’s market meaning that there are more buyers than there are active homes are listed for sale. The general trend is :
-Some homes get multiple offers,
-Homes sales go pending in around 51 days,&
-Hot Homes sales go pending in around 32 days.

RENTAL TRENDS** IN SAN PEDRO, CA:

In San Pedro, the median home rent price is $2,498, which is less than the Los Angeles median of $3,595. The average rent for an apartment in San Pedro is $1852 per month..The rent of apartments are as under:
Studio apartments – $ 1,224 a month, Average rent of $1,538 for one bedroom,& 2-bedroom at an average rent of $ 2,220 a month.

San Pedro, CA, 2-Bedroom Apartment Rent Ranges:
$1,001-$1,500–1%,
$1,501-$2,000—–36%, &
> $2,000——————-63%.

*Based on data updated October 2018.
** Based on data updated November 2018.