August Home Sales Show Big Numbers in the South Bay

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

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

Real Estate in the Manhattan Beach Tree Section a Hot Market

Homes in the Manhattan Beach “tree section” are always a hot commodity and the market never took too much of a hit during the market slow down of the past few years. Due in part to great schools, family friendly neighborhoods, proximity to the beach, and limited supply, tree section luxury homes and Manhattan Beach real estate in general, has always remainded strong. The market has really taken off since the beginning of the year with most home listings getting multiple offers and often selling above list price.

Current Manhattan Beach Tree Section Homes for Sale

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