The Golden Hills of Redondo beach featuring primarily tall and skinny single family homes
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The South Bay saw big numbers in August 2013 with impressive increases in both median home price and the number of sales in many of the local communities. Hermosa Beach posted some of the most impressive numbers with 30 closed sales in this small beach community and a median home price of over $1.2M. “This is a big number but it’s especially impressive as it’s a 40% increase over median home prices in Hermosa Beach in August of 2012″ according to Hermosa Beach realtor Keith Kyle. Other cities enjoyed significant gains as well. Click on any link below to view the homes sold and home sales prices for August.
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance
July was a record month in many South Bay cities as we saw a multi year high number of new listings, pending homes sales and closed home sales. This may be the increase in home inventory that eventually balances the market as opposed to the drastic seller’s market at the moment.
El Segundo – Active Homes for Sale 18 – Pending Home Sales 14 – Closed home sales 16
Hermosa Beach – Active Homes for Sale 31 – Pending Home Sales 25 – Closed home sales 29
Manhattan Beach – Active Homes for Sale 68 – Pending Home Sales 37 – Closed home sales 45
Palos Verdes Estates – Active Homes for Sale 42 – Pending Home Sales 18 – Closed home sales 27
Rancho Palos Verdes – Active Homes for Sale 101 – Pending Home Sales 56 – Closed home sales 44
Redondo Beach – Active Homes for Sale 102 – Pending Home Sales 104 – Closed home sales 110
Torrance – Active Homes for Sale 159 – Pending Home Sales 129 – Closed home sales 158
The June home sales numbers are in and once again it was a very big month for
home prices as many areas reached multi year highs once again. The beach cities saw very high median home prices as many luxury properties sold at prices unseen in the past. Click on the links below to view the home sales for various South Bay cities.
June 2013 Home Sales
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance
May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo. Both the number of sales and home prices were on the rise. The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise. According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market. We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”
View the homes sales by clicking any of the May 2013 home sale links below.
Unlike the adjacent neighborhoods of Manhattan and Hermosa Beach, the real estate market in the Golden Hills of Redondo Beach, just east of Hermosa has been somewhat unique in recent months. Everything seems to be on the rise with the number of active homes for sale increasing, sales increasing, pending home sales increasing and prices on the rise. The area is home to a rather unique type of single family home known as a “tall and skinny” in the local real estate world. With lots dimensions at 25 x 100 and minimal setback requirements, most homes are only separated by 5 feet and is something not seen in many other neighborhoods. Read more about the pros and cons of Golden Hills Real Estate. According to Redondo Beach real estate specialist Keith Kyle, “we’re seeing homes selling over list price, with multiple offers on a fairly regular basis and prices have rebounded considerably in 2013.”
Real Estate Statistics and Trends for The Golden Hills in Redondo Beach
The report above shows the recent housing activity, including active homes for sale (light green), pending home sales (red line) , and closed home sales (dark green).
The chart above shows the average price per square foot in the Golden Hills
The chart above shows the average days on market as well as the % of sale price compared with the list price
The chart above shows the median home prices (light blue) as well as average list prices and average sold prices
