Hermosa Beach... The Strand

Pending Sales appear to be continuing to increase in all the Beach Cities while actual closed sales dropped slightly everywhere with the exception of El Segundo. There is a lot happening in the local markets.

In El Segundo inventory is down while pending sales are about the same as last month and closed sales saw a big jump. This is the most activity El Segundo has had in a long time.

In Manhattan Beach inventory is down by a lot. .. from 220 homes and townhomes last month to 191 today. Pending sales are up by 11 sales over last month but closed sales were about the same as last month. Of interest in Manhattan Beach is that the median listing price shot up to $2,229,000 from about $1.9 for the last few months. I believe this is because most of the homes that have sold are under $2,000,000 which leaves a larger number of higher priced homes just sitting.

North Redondo is holding fairly steady in the amount of inventory, the number of pending sales and closed sales. Prices however were all over the place with the median price on homes down a lot and on townhomes and condos the exact opposite.. prices were up significantly over the previous months.

South Redondo saw inventory holding fairly steady. Pending sales for homes, townhomes and condos was almost the same as last month. The overall number of closed sales was about the same however closed sales for homes were down while those for townhomes and condos were up.

I think we can expect to see the numbers for all the beach cities to continue to fluctuate over the rest of the summer. Typically sales hold up fairly well until August when they begin to get very slow. We might see the pattern change a bit this year if interest rates continue to be low. There are still a lot of folks who are trying to decide if they should buy now with low rates or wait to see if prices take a bigger dip.

South Bay-Beach Cities: Sold May 2009( click on graph to enlarge)

South Bay-Beach Cities: Sold April 2009

South Bay-Beach Cities: Sold March 2009

South Bay-Beach Cities: Sold February 2009

South Bay-Beach Cities: Sold January 2009

South Bay-Beach cities: Sold December 2008

South Bay-Beach Cities: Sold November 2008

South Bay-Beach cities: Sold October 2008

South Bay-Beach Cities: Sold September 2008

South Bay-Beach Cities: Sold August 2008

South Bay-Beach Cities: Sold July 2008

South Bay-Beach Cities: Sold June 2008

South Bay-Beach Cities: Sold May 2008

South Bay-Beach Cities: Sold April 2008

South Bay-Beach Cities: SOLD March 2008

South Bay-Beach Cities: Sold February 2008

South Bay-Beach Cities: Sold January 2008

South Bay-Beach Cities: Sold November 2007

South Bay-Beach Cities: October SOLD 2007

South Bay-Beach Cities: September SOLD 2007

South Bay-Beach Cities: August SOLD 2007

South Bay- Beach Cities: July Sold 2007

South Bay-Beach Cities: Sold June 2007

South Bay-Beach Cities: Sold May 2007

South Bay-Beach Cities: Sold April 2007

South Bay-Beach Cities: Sold March 2007

South Bay-Beach Cities: Sold February 2007

South Bay-Beach Cities: Sold January 2007