South Bay CA Home Prices and Market Update

South Bay real estate market update - average selling prices, inventory in main South Bay markets - Torrance, Redondo Beach, Manhattan Beach

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South Bay CA Home Prices and Market Update

Posted by Krystyna Baty on Friday, May 30th, 2014 at 12:28pm.

market reportSouth Bay CA home selling prices are now at or near an all-time high, depending on the specific local South Bay market. South Bay continues to be one of the most sought-after communities for residential living and home buying in California.

South Bay home buyers were busy last year, and home prices jumped with so few homes available for buyers and vary favorable mortgage rates.

Although home selling pace at the South Bay area has slowed down slightly last few months, home prices are up around 12 percent as compared with same time last year.  

Let's look at the selected, specific South Bay communities.

Redondo Beach has sold 348 homes so far this year through May 30, 2014 - with average sold price of $800,557 compared to 345 homes sold last year in the same period with the average home selling price of $746,775; Torrance sold 462 homes so far this year - with average selling price of $568,270 compared to 494 homes sold in the same period a year ago with the average sold price of $524,357.  Manhattan Beach sold 158 homes so far this year with the average selling price of $2,301,539 compared to 178 homes sold last year during the same period - with average sold price of $1,971,667.

Our South Bay home prices and market update show that we are still in a sellers' market with high home selling prices.  The inventory of available South Bay homes for sale is slightly higher, which presents more options for the South Bay homebuyer.

Krystyna Baty, experienced real estate broker, is committed to the highest standards of professional service for all your South Bay Real Estate needs. I pride in getting top dollar for our home sellers in the least amount of time. For our home buyers my team employs our extensive knowledge and experience to find the perfect home. If you would like more information in regards to buying or selling a home, please email or call me at (310)918-5027 today!

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