Welcome to our South Bay communities and neighborhoods information page. Click on any link or picture below for general and real estate information in those areas. See the current homes for sale, home prices, recent sales, open houses, school information and more.
May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo. Both the number of sales and home prices were on the rise. The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise. According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market. We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”
View the homes sales by clicking any of the May 2013 home sale links below.
Palos Verdes Estates
Rancho Palos Verdes
North Redondo Beach
South Redondo Beach
Southwood, West & South Torrance
If you’re like many South Bay home buyers, you’re probably experiencing the frustration that so many others are….there are no homes to buy. With this incredibly low inventory the few homes that do come on the market don’t last more than a few days and often sell for prices that would have been a major challenge just a few months ago. It might be temporary, but back are the days of multiple offers, conditions favorable to the sellers, offers over the list price and a number of cash buyers to compete with. Inventory just keeps going down with fewer and fewer available homes to by. If it’s hard to picture just what’s happening the chart below couldn’t be clearer. The light green bar shows the number of active homes for sale in the cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance. The teal columns show sold homes and the red bar shows the pending home sales.