November 7, 2007
South Bay Market Snapshot
To get an overview of the local markets, I decided to compare the number of available properties on the market to the number of properties in escrow for each area. This data includes single family homes/town homes/condos and the ratios indicate how strong the housing market is.
Overall the results each indicated a buyer’s market, but there was some variance in strength. Manhattan Beach led the South Bay with the highest number of pending sales compared to what is for sale. Torrance, Redondo and Palos Verdes all roughly tied for second place. Hermosa Beach dropped back a bit from the pack and San Pedro placed last for the cities I included.
| Area | Available | Pending Sales |
| Manhattan Beach | 138 | 33 |
| Torrance | 373 | 69 |
| Redondo Beach | 297 | 55 |
| Palos Verdes | 271 | 48 |
| Hermosa Beach | 94 | 12 |
| San Pedro | 254 | 24 |
