South Bay Real Estate Report for June '23
South Bay real estate sales slowed down and prices have come down but we do see signs of market stabilization. Numbers are up when compared to previous couple of months - see May Report. Despite higher interest rates, our local real estate market is showing a remarkable resilience, just like other markets.
Below are selected real estate market reports for selected major markets in South Bay CA and Beach Cities. Below you'll find property selling data in June '23 vs. June '22.
You'll also find links to see current listings and sold homes in last 3 months (all info is based on CRMLS). You may create your own market report for any market, city, zip code, area, property type, save and receive email update.
Contact us for your Free Home Evaluation. Call (310)918-5027 today. We'll be happy to help!
TORRANCE
Single Family Homes
| Torrance | June 2023 | June 2022 | Difference |
| No. of Sales | 65 | 75 | -4% |
| Median Price | $1,200,000 | $1,251,000 | -4% |
| Average Price | $1,205,608 | $1,251,144 | -4% |
| Days on Market | 16 | 11 | +5 days |
Condos & Townhomes
| Torrance | June 2023 | June 2022 | Difference |
| No. of Sales | 26 | 39 | -33% |
| Median Price | $655,500 | $657,000 | - |
| Average Price | $724,154 | $705,454 | +3% |
| Days on Market | 27 | 8 | +19 days |
Torrance Market Report in Real Time
REDONDO BEACH
Single Family Homes
| Redondo Beach | June 2023 | June 2022 | Difference |
| No. of Sales | 33 | 31 | +6% |
| Median Price | $1,610,000 | $1,698,000 | -5% |
| Average Price | $1,893,000 | $2,086,145 | -9% |
| Days on Market | 22 | 8 | +14 days |
Condos & Townhomes
| Redondo Beach | June 2023 | June 2022 | Difference |
| No. of Sales | 26 | 43 | -40% |
| Median Price | $1,287,500 | $1,300,000 | -1% |
| Average Price | $1,345,471 | $1,410,326 | -5% |
| Days on Market | 21 | 10 | +11 days |
Redondo Beach Market Report in Real Time
Every market is different, sometimes a couple of blocks make a bit difference. Contact us at (310)918-5027 for your Free home evaluation or click below to get an instant report:
