July 2014 Median Home Prices for Redondo and the South Bay
By Keith Kyle
July 2014 saw some big numbers in terms of both number of homes sold as well as median prices. Redondo Beach had 97 sold homes at a median price of just under $1,000,000 which is a pretty significant number for this coastal community. Most other South Bay cities also saw some significant year over year increases in prices with the exceptions being Torrance, Marina Del Rey and Playa Del Rey. To see the actual homes sales in each city visit our recent home sales price and information site.
| City | Homes Sold | July 2014 Median | July 2013 Median | Year over Year % Change |
| Carson | 48 | $382,500 | $350,000 | 9.29% |
| El Segundo | 15 | $872,000 | $797,000 | 9.41% |
| Gardena | 50 | $385,000 | $332,500 | 15.79% |
| HarborCity | 13 | $480,000 | $465,000 | 3.23% |
| Hawthorne | 51 | $505,000 | $400,000 | 26.25% |
| Hermosa Beach | 26 | $1,230,000 | $1,097,500 | 12.07% |
| Lawndale | 8 | $412,000 | $331,250 | 24.38% |
| Lomita | 13 | $555,000 | $452,000 | 22.79% |
| Long Beach | 330 | $400,000 | $365,000 | 9.59% |
| Manhattan Beach | 43 | $1,795,000 | $1,521,250 | 18.00% |
| Marina Del Rey | 33 | $757,500 | $862,500 | -12.17% |
| Palos Verdes Estates | 51 | $1,600,000 | $1,291,000 | 23.93% |
| Playa Del Rey | 23 | $507,000 | $512,000 | -0.98% |
| RanchoPalos Verdes | 54 | $1,069,000 | $1,100,000 | -2.82% |
| Redondo Beach | 97 | $865,000 | $758,000 | 14.12% |
| San Pedro | 49 | $440,000 | $420,500 | 4.64% |
| Torrance | 142 | $540,000 | $576,250 | -6.29% |
| Westchester | 48 | $777,500 | $715,000 | 8.74% |
Unfortunately homes becoming available in that range are probably a thing of the past, but there is an option not far and it may even offer attributes that The Strand can’t offer. The area is the Hollywood Rivera (about 10-15 minutes south) and there is a fantastic bluff top street called Paseo De La Playa that offers oceanfront homes, large lots that extend all the way to the beach (some fortunate homes have paths that access the beach directly from the home), and views not only of the beach, but Palos Verdes, the ocean, King Harbor, and coastline views that extend all the way to Malibu.
