SOUTH BAY DIGS—the only exclusive real estate magazine + marketing platform serving the affluent coastal neighborhoods of Manhattan Beach, Hermosa Beach, Redondo Beach and the Palos Verdes Peninsula.
ON THE COVER is 3223 The Strand in Hermosa Beach offered by Kristen Novoa of Vista Sotheby’s International Realty. In this edition of South Bay DIGS Magazine discover Los Angeles luxury homes and celebrity homes for sale and top agents that represent them.
ON THE COVER is 808 The Strand in Manhattan Beach offered by Cindy Shearin of The Shearin Group at NW Real Estate. In this edition of South Bay DIGS Magazine discover Los Angeles luxury homes and celebrity homes for sale and top agents that represent them.
In this edition of South Bay DIGS Magazine discover Los Angeles luxury homes and celebrity homes for sale and top agents that represent them. On the cover is the Lighthouse in Hermosa Beach offered by Dan Jensen of Keller William Beach Cities.
What’s happening in the local housing market? Manhattan Beach continues to lead the South Bay with a 53.95%% median sales price increase since 2011, but South Redondo Beach also stands out with a 52.77% increase.
The Hollywood Riviera and Redondo Beach areas have experienced solid median sale price gains over the last four years, with South Redondo Beach leading the way with a 46.58% price increase since 2011. The local housing market remains strong with little headwinds, although the second half of the year will tell the real story.
The Hollywood Riviera and Redondo Beach areas have experienced solid median sale price gains over the last four years, with South Redondo Beach leading the way with a 46.58% price increase since 2011. The local housing market remains strong with little headwinds, although the second half of the year will tell the real story.
Compared to median sales price increases over the last four years in the Beach Cities of Manhattan & Hermosa Beach, Palos Verdes is a relative bargain. While sales prices in Palos Verdes Estates have increased a generous 19.57% since 2011, both Manhattan & Hermosa Beach median sale prices have increased over 44% in the same period.
50% price appreciation in 4.5 years…not bad. If you live in Hermosa Beach, that’s exactly how much median sale prices have increased since 20111. Of particular note is the Sand Section, which includes the oceanfront Strand homes, up over 80% since 2011. The record sales price during this time frame is $15 million, which sold in December of last year.
The Manhattan Beach real estate market continues to be one of the hottest in the nation, where median sales prices are up 44.33% from 2011. The Manhattan Heights / Liberty Village neighborhood leads all price appreciation with a 70.69% increase since 2011.
The Census Bureau released data this week that housing starts rose 20.2% from March to April, to a seasonally adjusted annual rate of 1.135 million. That’s 9.2% higher than a year ago and the biggest monthly jump since November 2007.
ON THE COVER The Island in the South Bay:Communal spaces, peaceful surroundings and super-sized dimensions create a perfect habitat for today’s family presented by Brett Zebrowski of Palm Realty Boutique.
For anyone with a passion for real estate, we believe there’s a mutual obsession for all things real estate-related like architecture, landscaping, community, culture, and, of course, interior design.
