South Bay Digs • January 18, 2013

The local real estate market was in a word, “interesting” in 2012. Despite a much discussed lack of inventory of homes for sale in the beach cities and Palos Verdes, the aggregate 2012 closed sale numbers showed a total of 169 increased sales transactions as compared to 2011. “Off Market” sales were all the rage last year, especially in Manhattan Beach where demand was particularly strong. As we begin the New Year, I’ve asked several local REALTORS how they see the market in 2013 and the general consensus is positive — that inventory will loosen up a bit and buyer demand is still strong.