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+:
Sell Smart, Buy Wise and Live Well
Norma Toering & Team
PalosVerdesLifestyle- Norma's award winning site as the best Palos Verdes homes and real estate blog since 2007. Selected by Relocation.com as one of the top ten Los Angeles area real estate blogs. Chosen by MovingCost.com as one of the best Los Angeles realty blogs. Awarded 5 out of 5 stars by Lender411 blog review. Ranked by Technorati in the top 1% of all blogs. As seen in the Daily Breeze newspaper.
South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Based on information from the Association of REALTORS®/Multiple Listing as of the initial date of this article/blog publication and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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