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.
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.



 unit on a property.  These ADUs or Accessory Dwelling Units are basically a 2nd dwelling on the property with a full kitchen, bathroom and bedroom, which can be rented,  leased or used for family. An ADU can be attached, detached, or even a converted garage.  They are part of the property, however, and cannot be sold separately from the primary residence.  In addition they must use existing utility connections and meters. While there cannot be more than one address on the parcel, ADUs may have a unit number or letter to differentiate the mailing address. Current regulations prohibit  local agencies from imposing an owner-occupant requirement until January 1, 2025.  Whether you love the idea or hate the idea really comes down to your situation and neighborhood.
 unit on a property.  These ADUs or Accessory Dwelling Units are basically a 2nd dwelling on the property with a full kitchen, bathroom and bedroom, which can be rented,  leased or used for family. An ADU can be attached, detached, or even a converted garage.  They are part of the property, however, and cannot be sold separately from the primary residence.  In addition they must use existing utility connections and meters. While there cannot be more than one address on the parcel, ADUs may have a unit number or letter to differentiate the mailing address. Current regulations prohibit  local agencies from imposing an owner-occupant requirement until January 1, 2025.  Whether you love the idea or hate the idea really comes down to your situation and neighborhood.
 
 
 
 
 
 
 
 
 
 
 
 
