Market Trends
Total Residential Sales: 11 transactions (42% decrease Y/Y).
New Listings: 22 new listings (22% increase Y/Y).
Inventory Levels: 22 active listings (100% increase Y/Y).
Months of Supply: 2.00 months, indicating a shift toward balanced market conditions.
Price Trends:
Detached Homes: $887,200 (4% Y/Y increase).
Semi-Detached Homes: No sales recorded (limited inventory).
Row Homes (Townhouses): $447,600 (12% Y/Y increase).
Apartments (Condos): $363,800 (11% Y/Y increase).
Total Residential Benchmark Price: $645,300 (1.9% increase Y/Y).
Market Insights
Sales volume decreased significantly, likely due to seasonal trends and affordability constraints.
New listings increased, giving buyers more options and signaling a potential market balance.
Row homes and apartments saw the strongest price growth, reflecting demand for affordable housing options.
Historical Price Comparison – Signal Hill Real Estate Market
Below is a year-over-year (Y/Y) price comparison for different property types in Signal Hill:
Analysis of Trends Over Time
Detached Homes
Prices increased 4.0% Y/Y, but slower growth compared to previous years.
Supply is rising, which may reduce further price acceleration.
Semi-Detached Homes
No recorded sales in January 2025, indicating lower inventory or shifting demand.
Row Homes (Townhouses)
Fastest price growth (+12.2% Y/Y) due to affordability and high buyer demand.
Inventory remains tight, keeping prices elevated.
Apartments (Condos)
Prices rose 11.1% Y/Y, reflecting strong demand from first-time buyers and investors.
Apartment prices have grown nearly 12% over two years, showing steady appreciation.
Overall Market Outlook
The total benchmark price increased by 1.9% Y/Y, showing moderate appreciation.
The affordable housing segment (townhouses & apartments) is driving price growth.
Detached homes are stabilizing, with price increases slowing compared to previous years.
2025 Real Estate Market Outlook for Signal Hill
Market Transitioning to Balance
Inventory is rising, which may result in longer selling times and more buyer leverage.
Detached homes remain competitive, but price growth may slow.
Increased Demand for Affordable Housing
Apartments and row homes will attract first-time buyers and downsizers.
Steady price appreciation expected for these segments.
Luxury Market Stability
High-end homes will continue to hold value, but sales may take longer due to interest rate effects.
Impact of Interest Rates
Borrowing costs may limit buyer activity, leading to slower price growth overall.
Signal Hill’s real estate market in January 2025 saw declining sales but rising inventory, leading to more balanced conditions. Row homes and apartments experienced strong demand, while detached home price growth slowed. 2025 is expected to bring steady but moderate price appreciation, with affordable housing driving demand.
Comments:
Post Your Comment: