Market Update Beach Cities and Palos Verdes Sales Price Trends June 2011

The market trends are looking positive for a change. Here is the chart showing the last year’s worth of data from the three Beach cities of Manhattan Beach, Hermosa Beach and Redondo Beach. As shown, the average price is finally starting to go back up a bit, although the trend is too new to call it a complete certainty.

 

Here is the same chart for the Palos Verdes Peninsula. The downturn at the end may simply be an aberration due to a few higher end closings in the month previous driving up the average price a bit. We will keep an eye on it to see what happens.