How’s the South Bay Real Estate Market? Stable would probably be the best word to describe it. In Manhattan Beach, there are 6 fewer properties for sale compared to last month. The median price is $738,250 higher for Single Family Residences, and $200,000 lower for Townhome/Condos. The other So. Bay communities are equally similar to the preceding month. There are relatively modest increases and decreases, depending on the specific home location, style and condition.
Currently, in the South Bay, there are 347 properties available comprising:
El Segundo: Total 34
Single Family Residences: 21
Median: $977,450; Low: $839,000; High: $1,069,890
DOM: 44
Townhome/Condos: 13
Median: $780,000; Low: $439,000; High: $899,900
DOM: 51
Manhattan Beach: Total 111
Single Family Residences: 83
Median: $2,350,000; Low: $899,000; High: $7,199,000
DOM: 63
Townhome/Condos: 28
Median: $1,597,000; Low: $755,500; High: $4,950,000
DOM: 46
Hermosa Beach: Total 94
Single Family Residences: 57
Median: $1,499,000; Low: $819,000; High: $11,000,000
DOM: 57
Townhome/Condos: 37
Median: $1,305,000; Low: $479,000; High: $2,499,900
DOM: 49
Redondo Beach South: Total 108
Single Family Residences: 26
Median: $1,299,500; Low: $749,000; High: $2,690,000
DOM: 51
Townhome/Condos: 82
Median: $899,000; Low: $357,500; High: $4,990,000
DOM: 72
Feel free to contact me if you need help locating property in So. California's beautiful, balmy South Bay: Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo.
Make sure you are ready to buy a house. Don’t enter home ownership with a subprime loan. Make sure you have a good credit rating and are not in debt. This is a fine time to purchase a home if you are qualified. Interest rates are low, and pricing is moderating. With a reasonable prime rate loan, the fraud nighmare of subprime loans can be avoided.
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