Nationally, home sale prices have been moderating over the past year. Not necessarily declining but the rate of increase has definitely slowed to the low single digits nationally and in Los Angeles as well. In the beach cities, median sale prices for both single family homes and townhomes/condos have, in fact, slipped into negative territory on a year-over-year basis, with a few pockets of strength. We've compiled the relevant data both nationally and locally.
Still, there are small victories here and there. For example, pictured is our listing at 1812 Elm Avenue in the Manhattan Beach Tree section which sold for full price prior to hitting the market. Sometimes, the real estate gods smile upon you.