South Bay Housing Market Hit Hard

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By
Muhammed El-Hasan
on June 29, 2008 12:48 PM | | Comments (0) |
High-end homes lagging By Muhammed El-Hasan Staff Writer

The South Bay's real estate market had been relatively insulated from the worst of the region's downturn.

That changed in the past two months, with the median price of a single-family home sold in May at $675,000, down 6.6 percent over May of last year, according to the South Bay Association of Realtors, which released a housing report Friday.

In April, the median price dropped 10.6 percent, year over year, to $625,000, the association said.

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This page contains a single entry by Muhammed El-Hasan published on June 29, 2008 12:48 PM.

South Bay Home Prices Drop was the previous entry in this blog.

PROFILE: Heating & A/C but No Dead Bodies is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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