South Bay Real Estate Update for 2021
South Bay real estate can be characterized by the increased home values and sales in 2021. Below are selected real estate market reports for major markets in South Bay CA and Beach Cities. Below you’ll find property listing and selling data in real time – click on provided links to see current listings and sold homes in last 3 months (all info is based on CRMLS; single family homes only). You may create your own market report, save and receive email update. Overall real estate market in the South Bay directly impacts the 55+ senior homes values and prices. Therefore, it’s helpful to know the local market trends.
Contact us for your Free Home Evaluation. Call (310)918-5027 today and find out what your home is worth in today’s market.
REDONDO BEACH
414 single family were sold in Redondo Beach last year. Average selling price was $1,672,238; median sold price was $1,5M, average days on the market 20 days. Number of sales went up by 23% as compared to the previous year; Median price went up by 12 percent, Average sold price went up by 9 percent.
Redondo Beach Market Report
TORRANCE
952 single family homes were sold in Torrance in 2021 compared to 774 homes sold in 2020 – 23 percent increase. Average sold price was $1,o74,890 compared with $943,340 a year ago, which represents a 14 percent price increase. Median selling price was $1,037,000 – 15 percent higher than a year ago ($899,450); average days on market – 15 vs 21 days in 2020.
Torrance Market Report
SAN PEDRO
Total of 409 single family homes were sold in San Pedro in 2021 compared with 353 sales a year ago, which is a 16 percent increase. Median sales price was $870,000 vs $756,000, which represents a 15 percent increase y-o-y. Average sold price was $935,033 vs. $779,893 a year ago – 20% price increase. It took 11 days fewer to sell a house (21 days vs 32 days in ’20)
San Pedro Market Report
These are samples of real estate market reports for some South Bay markets.
Every neighborhood is different. If you’re thinking about selling your home, please contact us and we’ll provide you with a Free market report for your home and the neighborhood.
