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.

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).

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.

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.

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.