July 2013 Home Sales in The South Bay – By the Numbers
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
complex just east of King Harbor. It offers some resort type amenities with a hotel style pool and exercise facility, and is ideally located walking distance to just about everything. What’s perhaps the best aspect may be the prices. Each building consists of primarily 619 square foot one bedroom condos and due to the angular patios almost all have some type of ocean view. Each building also offers 2 studios on the easternmost part of each floor, and 2 bedroom condos, which rarely become available, on the westernmost, ocean facing side of the buildings. The Village consists of 6 larger 3 story (they’re actually 4 or 5 levels depending on garages but 3 floors of condos) buildings and 3 buildings with townhome type units. According to
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.