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South Bay real estate stats_Sept 3, 2018

South Bay Real Estate Stats for Single Family Residences (YTD)



As we close out the summer and approach the final quarter of 2018, let’s take a look at some South Bay real estate stats from the period January 1 – September 3, 2018, Single Family Residences.

Areas: El Segundo, Manhattan Beach, Hermosa Beach, Redondo Beach, Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills Estates, Rolling Hills.

“Numbers are the highest degree of knowledge. It is knowledge itself.” ~Plato

Total # of closed home sales transactions1023
Total # of closed sales under $1 million99
Total # of closed sales over $5 million40
Manhattan Beach Sand Section sales over $5 million12
Total # of closed sales over $10 million3
Highest closed sale/price per square foot (MB)$3,180.29
Average days on market to sell40
Average year built/closed sales1969
Average close sales price$2,023,563
Average sales discount off list-1.75% off list

Single Family Residence | Jan 1 – Sept 3, 2018

Market Area2017
Median Close
Median Close
El Segundo5158+7$1,275,000$1,362,500+$87,500
Manhattan Beach245218-27$2,475,000$2,450,000-$25,000
Hermosa Beach7155-16$1,890,000$1,995,000+$105,000
North Redondo Beach139113-26$945,000$1,100,000+$155,000
South Redondo Beach6978+9$1,319,138$1,513,500+$194,362
Hollywood Riviera8262-20$1,421,500$1,465,000+$43,500
Palos Verdes Estates135131-4$1,950,250$1,849,000-$101,250
Rancho Palos Verdes274271-3$1,330,000$1,360,000+$30,000
Rolling Hills Estates5647-9$1,528,500$1,648,000+$119,500
Rolling Hills1314+1$2,464,738$2,464,738+$14,738
MRMLS single-family residence year-to-date information in each area is deemed accurate but not guaranteed.

Photography by Paul Jonason


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