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


Playing the Long Game: The Infinite Game

Infinite games, unlike finite ones, have no defined endpoint and invite us to constantly evolve and improve. Success isn't about beating the competition but outlasting it. In a world filled with 'finite games,' embracing an 'infinite mindset' can set you free from limitations and lead to a path of abundance and continual growth.

Subtracting Obstacles, Adding Success: The Path of Strategic Reduction

Embracing "less is more" prompts us to question the value of our actions. By stopping what doesn't matter, we enrich our lives through subtraction. Prosperous individuals understand this. Success often means eliminating distractions and focusing on essentials, propelling acceleration through subtraction.

The Rebirth of Santa Monica’s Iconic Georgian Hotel

The iconic Georgian Hotel in Santa Monica reopened its doors in April, unveiling a stunning transformation led by Fettle Design. With a rich history that hosted Hollywood legends like Marilyn Monroe, the hotel's restoration, guided by BLVD Hospitality, gracefully balances its storied past with modern hospitality.
  • August 23, 2023
  • Karine Monié

Sterling-Huddleson Architecture’s the Edge Residence in Pebble Beach

The Edge, a stunning contemporary home located in the picturesque community of Pebble Beach, California, is a masterful creation by Sterling-Huddleson Architecture. The result is a breathtaking residence that seamlessly blends advanced building technology and timeless contemporary design.
  • August 23, 2023
  • Jenn Thornton

Of Possible Unveils Stunning Loft Living Concept in Williamsburg

Explore the soon-to-be-completed building at 103 Grand Street, Williamsburg, offering three units designed to capture the spirit of this historic area. Led by Rise Development and architect Vincent Appel of Of Possible, each unit boasts its own outdoor space and a seamless connection between interior and exterior.
  • July 13, 2023
  • Karine Monié
Sign Up for DIGS Newsletters