South Bay Real Estate News

Significant developments and emerging trends in the South Bay real estate market.  Want regular updates?  Sign up for our bi-weekly newsletter.

Historically low inventory versus higher mortgage rates and home prices that are already at a multi-year high after a strong 2017 - which of these two sets of factors will determine the direction of home prices this year in the South Bay?  Here, we offer our two cents worth.
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The past year was a record-breaker for Manhattan Beach where, for the first time, we saw not one but two homes sell for $20 million and up.  Here are the top three sales (and a few honorable mentions).
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The median sale price and median price per square foot for homes have both risen well over 60% throughout LA County in the past 5 years.  See where Manhattan, Hermosa and Redondo Beach rank among LA County communities.
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Check out the latest Case Shiller home sales data and see how it compares to the sales data for the single family and condo/townhome market segments in the various beach cities here in the South Bay.
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A trio of Hermosa Beach listings - two on The Strand and a magnificent ocean-view home on almost a half acre in Hermosa Valley - look to set a new benchmark for the price of an ultra-high end home in the city.
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