$1,9666,550,269 Worth of Closed Sales Year-to-Date in the South Bay
As of August 21, 2018, a total of 971 single-family homes have sold in the Beach Cities and Palos Verdes Peninsula with an aggregate value of $1.966 billion. Currently, the average sale price for the entire South Bay/PV is $2,025,283, while the highest-priced sales this year is $22,650,000. Buyers through August 21 are getting an average discount of 1.72% off the list price, which is approximately $35,428 per sale.
During the same period last year, a total of 1,019 single-family homes were sold with an aggregate value of $2,025,048,674 at an average sale price of $1,987,290 and a sales discount of 1.42%.
Here’s a look at the total number of homes listed for sale in the month of August over the past five years.
Market Snapshot
Current Market Snapshot | ACTIVE LISTINGS
Single Family Residence | AUGUST – 5 Year *As of 8.21.18
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| El Segundo | 14 | 16 | 19 | 15 | 18 |
| Manhattan Beach | 58 | 77 | 112 | 108 | 71 |
| Hermosa Beach | 21 | 33 | 37 | 34 | 32 |
| North Redondo Beach | 26 | 34 | 33 | 26 | 11 |
| South Redondo Beach | 32 | 29 | 22 | 33 | 18 |
| Hollywood Riviera | 20 | 30 | 22 | 15 | 15 |
| Palos Verdes Estates | 72 | 61 | 72 | 71 | 58 |
| Rancho Palos Verdes | 147 | 139 | 139 | 112 | 108 |
| Rolling Hills Estates | 25 | 25 | 30 | 28 | 22 |
| Rolling Hills | 21 | 24 | 30 | 25 | 28 |
Hero Photograph by Steve Brown, Sepia Productions, Inc.
