Home Sales On the Rise in the Beach Cities

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.

El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollyglen/Del Aire
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
San Pedro
Southwood, West & South Torrance