For this report I will focus on the beach cities and the Palos Verdes Peninsula since those areas make up the bulk of luxury homes sales priced over $2,000,000 in the South Bay of Los Angeles.
2013 Luxury homes sales by city:
Manhattan Beach: 171 Luxury homes sold in 2013.
Hermosa Beach: 39 Luxury homes sold in 2013.
Redondo Beach: 13 Luxury homes sold in 2013.
2013 Luxury home sales total for the beach cities: 223 Homes priced over $2,000,000 sold proving the beach cities are a prime and highly desired area for those buyers seeking a high-end home in the South Bay of Los Angeles.
Palos Verdes Peninsula luxury home sales for 2013:
Palos Verdes Estates: 83 High-end homes sold in 2013.
Rancho Palos Verdes: 60 High-end homes sold in 2013.
Rolling Hills: 47 High-end homes sold in 2013.
Rolling Hills Estates: 17 High-end homes sold in 2013.
The grand total of luxury homes sold in the Palos Verdes Peninsula in 2013: 207. Again, these are very strong luxury home numbers and attest to the recovery of the luxury home market on the Palos Verdes Peninsula.
If you’re in the market to sell or buy a luxury home in the South Bay of Los Angeles the above market statistics offer a snapshot of happenings in the luxury home market during 2013.
For more information on luxury homes in the South Bay contact Norma Toering and Team. (310) 493-8333
South Bay Homes – Market Chart