It is no secret the coastal homes along Southern California’s coast command a premium price. The housing market recovery, coupled with the growing number of luxury home buyers, is contributing to a surge in luxury home prices in the South Bay of Los Angeles. During the past 12 months the luxury home markets I track and work recorded 23 sales priced over $5,000,000. Here is the breakdown by individual city:
Manhattan Beach: 10 Luxury homes priced over $5,000,000 sold.
Hermosa Beach: 2 Sales over $5,000,000 were recorded. The most expensive home on this list of high-end homes, a 7,000 sq. ft. home built in 2013 and located on The Strand in Hermosa Beach, sold for $14,800,000.
Palos Verdes Estates: 6 Luxury sales over $5,000,000 were recorded per MLS information.
Rolling Hills: 3 Rolling Hills luxury homes priced over $5,000,000 sold from March 2013 to March 2014.
Rancho Palos Verdes: 2 Luxury homes sales over $5,000,000 were recorded in Rancho Palos Verdes for the previous 12 months.
23 high-end luxury home sales were recorded during the past 12 months in Palos Verdes and the Beach Cities.
Homes priced over $5,000,000 currently for sale:
- Manhattan Beach: 5
- Hermosa Beach: 3
- Palos Verdes Estates: 8
- Rolling Hills: 7
- Rancho Palos Verdes: 7
– Norma Toering, Broker
Palos Verdes Luxury Homes $5M+:
Beach Cities homes $5M+:
Beach Cities luxury condos and townhomes: