We’ve seen a big turn around for pending home sales (homes going into escrow) for the South Bay since the beginning of the year. December 
saw a low point with only 267 pending sales. It’s gone up dramaticallywith 366 pending sales in January and 503 homes in February. Active homes for sale in the South Bay are following a similar trend although the increase in active listings isn’t quite as dramatic.
This information and the chart below includes the South Bay cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.
different market. Homes often sit for years without selling due, in no small part, to being overpriced. As of 3/11 there are 7 homes now on the market on this beachfront stretch of Manhattan Beach with the newest listing located at 3004 The Strand. This is an older home that we’re excited to see as it’s unusual architecture and we’ve been wondering about this one for years. While it’s an older home it’s not priced at lot value and given the square footage this one might be a bit tough. It’s a 4 bedroom, 4 bath, with 3,348 sqft on a 3,489 sqft lot. Given that the last lot value sale was at $8.25M this one is one of those “tweener” homes (not clearly a tear down and not the modern home Strand buyers are generally wanting) so it will be one to keep a close eye on. It’s priced at $9,495,000.
homeowners association with various dues, rules and restrictions. There are some great amenities including pools, spas and beautiful grounds which are maintained and paid for by the HOA. The monthly HOA dues range depending on the home and the estate homes are a bit different but in general the dues include: