It was a busy few days in the Three Sixty South Bay real estate market with several homes going into escrow. The market had definitely slowed down quite a bit but this may be an indication that things are getting back to normal. Of the 8 homes that had recently been active on the market, 3 have gone into escrow in the past few days.
The single family style Terrace home at 5127 Pacific Terrace went into escrow after 14 days, the highly sought after residence 3 floor plan in the Row at 5355 Strand #105 went into escrow after 28 days on market, and the single level one bedroom (converted studio) in the Flats at 13025 Park Place #201 went into escrow after 4 days on the market (relist date) priced at $615,000. This may definitely be an indication that the slowdown was temporary but much will likely depend on the economy, jobs and future impacts of the coronavirus.