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 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.
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.