South Bay Market Report for Sept '23

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Real Estate Broker/Owner with Broker California Lic 01485187

South Bay Market Report for Sept '23

South Bay real estate market continues to be a seller's market due to the very low inventory, low demand, low home sales, high interest rates reducing the buyer pool.  While the sales numbers are down, the prices are steady or a bit higher when compared to a year ago. See our August Report to compare numbers on the month to month basis. Higher interest rates have impacted buyers but the low inventory dampens their impact on home prices.

Below are real estate market updates for selected major areas in South Bay CA and Beach Cities - Torrance and Redondo Beach. Below you'll find home selling data in September 2023 vs. September 2022, broken down by property type. Torrance home sales were up by 5 percent while the average sales price for single family homes was up by 6 percent. Redondo Beach home sales were up by 5 percent y-o-y while the average sales price for single family homes was down by 20 percent. See below for all detailed data.

You may create your own market report for any market, city, zip code, area, property type, save and receive email update. It'll help you to be current with your area market conditions. These reports can be helpful if you're either a buyer or a seller in South Bay LA.

 Contact us for your Free Home Evaluation.  Call (310)918-5027 today. We'll be happy to help!

TORRANCE

Single Family Homes

Torrance September 2023 September 2022 Difference
No. of Sales  63 60 +5%
Average Price $1,183,036 $1,121,287 +14%
Median Price $1,194,605 $1,045,413 +6%
Days on Market 17 24 -7 days

 

Torrance Market Report in Real Time

REDONDO BEACH

Single Family Homes

Redondo Beach  September 2023 September 2022 Difference 
No. of Sales 21 20 +5%
Average Price $1,552,219 $1,557,500  -
Median Price $1,560,000 $1,932,000 -20%
Days on Market 41 26 +15 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:

torrance home evaluation

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If you are Buying, Selling or Relocating to the South Bay Los Angeles area and need help from the experienced, professional REALTOR®, I would be happy to assist you! Call (310)918-5027 or visit my South Bay real estate website for Free property searches and to sign up for free listing alerts, Redondo Beach, Torrance, Beach Cities real estate resources Free Home Evaluation and more!  Find me online:

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Comments (2)

Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Thanks for sharing your market report with us here in the Rain. It's always interesting to see how other areas of the country are doing.

 

Oct 26, 2023 12:57 PM
Krystyna M Ryan
Realty One Group Professionals - Boise, ID
Honesty Trust Technology Service Results

Thanks Debe. I find that a lot of both buyers and sellers find these reports helpful

Oct 27, 2023 09:01 AM