South Bay real estate showed more signs of slowing down in May. Home sales are down as a result of higher interest rates and affordability issues. 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 May '23 vs. May '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 | May 2023 | May 2033 | Difference |
| No. of Sales | 56 | 73 | -23% |
| Median Price | $1,105,000 | $1,225,000 | -12% |
| Average Price | $1,113,489 | $1,316,888 | 118% |
| Days on Market | 12 | 12 | 0 |
Condos & Townhomes
| Torrance | May 2023 | May 2022 | Difference |
| No. of Sales | 20 | 30 | -50% |
| Median Price | $727,000 | $717,000 | +1% |
| Average Price | $697,850 | $691,194 | +1% |
| Days on Market | 19 | 11 | 8 days |
Torrance Market Report in Real Time
REDONDO BEACH
Single Family Homes
| Redondo Beach | May 2023 | May 2022 | Difference |
| No. of Sales | 18 | 21 | -17% |
| Median Price | $1,572,500 | $1,825,000 | -16% |
| Average Price | $1,781,006 | $2,154,239 | -21% |
| Days on Market | 25 | 11 | +14 days |
Condos & Townhomes
| Redondo Beach | May 2023 | May 2022 | Difference |
| No. of Sales | 38 | 41 | -7% |
| Median Price | $1,264,000 | $1,360,000 | -7% |
| Average Price | $1,286,277 | $1,497,475 | -14% |
| Days on Market | 28 | 11 | +17 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:
Comments(3)