Manhattan Beach Real Estate-Redondo Beach Townhomes: South Bay-Beach Cities: Sold January-October 2009-2013

November 2013 residential listing inventory for Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo.

The South Bay-Beach Cities of Manhattan Beach, Hermosa Beach, Redondo Beach and El Segundo have seen major changes in our local real estate market in 2013. Inventory has been at the lowest levels in decades while prices have increased significantly.

Location continues to play a major role as prime properties closer to the water have posted some amazing price gains even as inventory remains scarce. Pocket listings remain a major part of the market as buyers and sellers try to negotiate the best possible deal they can and often on the same property.

While all the Beach Cities have seen major gains this year Manhattan Beach real estate seems to have reached pre-recession price points. Low supply and high demand are pushing prices to levels many thought they would not see again for a long time.

Generally inventory builds up a bit in the fall. However if you look at the chart above you can see inventory levels remain low in all the Beach Cities as buyers scramble to find a property before the spring selling season with potentially higher prices.

If you follow what happened in Redondo Beach this year you can see how inventory decreased while the number of sales and the median price increased.

Below is a breakdown of what has been happening in the South Bay -Beach Cities from January-October 2009-2013.. The numbers cover single family homes, townhomes and condos. I apologize for the length of the post...(click on graphs to enlarge)

Hermosa Beach:

Listings by month: