South Bay Residential Property Results For December

1/3/24 – Here are the property numbers for December for the beach cities and Torrance. For Hermosa Beach and Manhattan Beach, dissecting pricing trends is challenging given the two cities average just 10 and 20 sales a month, respectively. Redondo sales average 40 a month while Torrance registers 70 home sales.
Here are the averages of the 12 monthly median prices taken over the past year for each city:
Manhattan Beach – $2,860,000
Hermosa Beach – $2,171,000
Redondo Beach – $1,382,000
Torrance – $1,030,000

These figures have been scrubbed of teardown properties so connect with me if you’d like to know the latest prices paid for lots in the beach
cities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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