By Keith Kyle
With inventory remaining low throughout most of the South Bay, the volume of sales continued to be lower than normal, but certainly not due to a lack of demand. Prices continued to rise with multiple offers on many appropriately priced homes and days on market remaining very low. Click on any city below to see the homes sales and prices for February 2014
If you are looking to purchase a home in the South Bay and want to visit open houses in Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo and surrounding areas, you’ve come to the right place. Our South Bay open house list has weekly schedules for all South public open houses. Take advantage of our HomeFinder and have new listings emailed to you daily. Open House schedule subject to change without any notice.
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
We’ve finally seen a slight increase in active Fusion townhomes for sale with
3 townhomes now for sale. It’s been a while since we’ve seen any type of inventory on the market and we’ll see if this starts easing pricing pressures a bit. What is a bit unusual is that 2 of the 3 current homes for sale are 3 bedrooms which are fairly rare. The other unit is the smaller 2 bedroom A Floorplan currently priced at $485,000. Fusion is located in the Hollyglen neighborhood of Hawthorne and is a great option for buyers priced out of neighboring Manhattan Beach and Redondo Beach.
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.
