South Bay cities (Los Angeles) housing market sales activity of December 2013

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For the month of December 2013, our Los Angeles – South Bay neighborhood cities have seen home sales volume declined. Inventory of homes for sale during December 2013 for a number of South Bay cities as in Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo, Torrance, and Lomita have remained at all-time lows. Here are some median sales prices for Homes for Sale as derived from the CRMLS (California Regional MLS) in December 2013:

  • Manhattan Beach, CA  $1,422,500
  • Hermosa Beach, CA   $1,352,000
  • Redondo Beach, CA   $845,000
  • El Segundo, CA   $740,000
  • Torrance, CA   $560,000

These median sales prices of homes for the South Bay cities overall are higher as compared to the prior year. The level of property market activity on Homes for Sale in the South Bay are consistent with the recent housing market report released by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) … (read more here …)