Market Update
WINDOWS OF OPPORTUNITY
While 4th Quarter Sales slowed, the length of time on the market doubled to 32 days and the number of offers decreased, the average sale price in Walteria still increased. Home prices remain steady.
Many potential buyers went into “Wait-it-Out Mode” as a result of rising interest rates in 2022. However, a recent increase in loan applications and a decline in interest rates, both indicate that buyers will be rejoining the housing market in 2023. With only 3 homes on the market in Walteria, options are limited (until Spring).
Mortgage rates are approximately 5.5-6.5% ~ "As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a persistent concern, said Sam Khater, Freddie Mac’s Chief Economist."
THINKING OF SELLING?
Market trends vary by city, neighborhood, and season. Housing demand is also affected by fluctuations in interest rates, the economy, and a number of other factors. Choosing a REALTOR that understands the nuances of varying market conditions and how to navigate changes that affect your property value is crucial to a successful real estate transaction.
Call us today for Free Consultation! ~ We look forward to hearing from you
Your Walteria & Victoria Knolls Specialists, Julie & Sarah
$1,172,407 AVERAGE LIST PRICE
$1,162,480 AVERAGE SOLD PRICE
3 LISTINGS FOR SALE
4 LISTINGS PENDING
32 AVERAGE DAYS ON MARKET
MARKET STATS
RESIDENTIAL OCT - DEC 2022 *SOURCE:
WALTERIA & VICTORIA KNOLLS REAL ESTATE
UPDATE
MRMLS
MARKET
WWW.HOLLYWOODRIVIERALIVING.COM WWW.LOCKWOOD-TEAM.COM Your Walteria & Victoria Knolls Specialists FOLLOW US ON: @LOCKWOODTEAM @LOCKWOODTEAMRE “We’re Here To Help You Achieve All Your Real Estate Goals” ~ Julie & Sarah Julie Lockwood QSC Realtor Lic. #01269205 310.994.0774 Sarah Paris QSC Realtor Lic. #01498894 310.951.0341 WWW.LOCKWOOD-TEAM.COM @LOCKWOODTEAM @LOCKWOODTEAMRE **2903 W 137TH ST ** 3 Bd | 2 Ba | Gardena SFR LOW $700K's Coming Soon!!! QUARTERLY SALES HISTORY *Source MRMLS $700,000 $800,000 $900,000 $1,000,000 $1,100,000 $1,200,000 $1,300,000 Q1 Q2 Q3 Q4 ■ 2019 ■ 2020 ■2021 ■2022
(** Denotes Properties Listed and/or Sold by the Lockwood Team)
Based on information from the Association of REALTORS®/Multiple Listing as of 1/23/2023 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. If your home is currently listed by another broker this is not intended as a solicitation. Information contained herein deemed reliable, although not guaranteed.
PROPERTY ADDRESS TYPE BEDS BATHS SQ. FT. SQ. FT. LOT LIST PRICE SALE PRICE 24444 Hawthorne #105 TWH 2 3 1,197 13,688 $965,000 $775,000 ↓ 2629 Dalemead Street SFR 3 1 892 4,997 $849,000 $843,700 ↓ 2602 Dalemead Street SFR 3 1 1,187 6,256 $975,000 $1,000,065 ↑ 2722 Grand Summit Road SFR 3 2 1,614 5,236 $1,115,000 $1,070,000 ↓ **3304 Winlock Road** SFR 3 1 1,067 8,067 $1,078,000 $1,078,000 2425 Loftyview Drive SFR 3 2 1,214 5,322 $1,105,000 $1,105,000 3425 Cricklewood Street SFR 4 2 1,771 5,385 $1,179,000 $1,129,000 ↓ 2522 Highcliff Drive SFR 3 2 1,214 5,403 $1,300,000 $1,149,000 ↓ 3035 Winlock Road SFR 4 2 2,199 5,567 $1,200,000 $1,200,000 2715 Grand Summit Road SFR 3 2 1,644 5,251 $1,199,000 $1,320,000 ↑ 3925 Newton Street SFR 4 5 2,700 7,339 $1,499,000 $1,330,000 ↓ 24450 Neece Avenue SFR 5 5 3,754 6,207 $2,149,000 $1,950,000 ↓ YEAR Q1 Q2 Q3 Q4 AVERAGE SALE PRICE 2019 $878,625 $971,072 $840,286 $829,038 $879,755 2020 $1,008,669 $992,100 $1,010,300 $1,044,767 $1,013,959 2021 $1,066,583 $1,107,556 $1,127,088 $1,173,083 $1,118,578 2022 $1,130,519 $1,255,056 $1,128,923 $1,162,480 $1,169,245 WWW.LOCKWOOD-TEAM.COM FOLLOW US ON: @LOCKWOODTEAM @LOCKWOODTEAMRE 2022
Specialists
RECENT RESIDENTIAL SOLD IN WALTERIA & VICTORIA KNOLLS WALTERIA/VICTORIA KNOLLS QUARTERLY SALES HISTORY OUR ACTIVE / LEASED / RECENTLY SOLD **2800 PLAZA DEL AMO #204** 2 Bd | 3 Ba | Torrance SFR $3,100 CUSTOM BUILT SFR W/ GUEST HOUSE $TBD COMING SOON **CALL FOR DETAILS** WALTERIA DUPLEX $1,750,000 OR TBD OFF-MARKET **3304 WINLOCK RD** 3 Bd | 1 Ba | Torrance SFR $1,078,000 SOLD LEASED
4TH QUARTER REAL ESTATE UPDATE Your Walteria & Victoria Knolls
“We had a pleasant experience with the Lockwood team. They simultaneously sold our townhome and helped us buy our dream property. Julie and Sarah went above and beyond for our growing family and were able to bring an impressive amount of knowledge/ experience to the table. They ensured that we knew what steps we needed to take and what to look out for when buying/selling a home. They ran a tight ship and ensured that milestones were met when expected. We couldn’t ask for a better team. Do not hesitate to call them as they are pleasant to talk to and will guide you on your journey.“ - Brent
D
“We’re Here To Help You Achieve All Your Real Estate Goals” TESTIMONIALS FROM OUR HAPPY CLIENTS
MY REVIEWS
2022 SALES & LEASES READ
Zillow.com/Profile/LockwoodTeams/#Reviews
**2786 BORDER AVE** **2837 CLUB DR** **2800 PLAZA DEL AMO #24** **3626 NEWTON ST** LEASED LEASED SOLD LEASED **1425 W 224TH ST #108** **752 W 134TH ST** **24716 WINLOCK DR** **2801 SEPULVEDA #109** SOLD LEASED SOLD SOLD **2827 164TH ST** **1380 CAPITOL DR 203** **3638 BLAIR WAY** **246 ALPINE ST #10** SOLD SOLD SOLD SOLD **1301 SKOKIE #27F** **2217 MOUNT SHASTA** **26125 FRAMPTON AVE #F** SOLD SOLD SOLD
WALTERIA/ VICTORIA KNOLLS HOMES MARKET UPDATE SCAN ME! (with your phone camera) “We’re Here To Help You Achieve All Your Real Estate Goals” WWW.LOCKWOOD-TEAM.COM FOLLOW US ON: @LOCKWOODTEAM @LOCKWOODTEAMRE Your Walteria & Victoria Knolls Specialists “We’re Here To Help You Achieve All Your Real Estate Goals” ~ Julie & Sarah Julie Lockwood REALTOR DRE #01269205 310.994.0774 JLOCKWOOD@EPLAHOMES.COM Sarah Paris REALTOR | NOTARY PUBLIC DRE #01498894 310.951.0341 INFO@SARAHPARIS.COM
