South Bay Median Home Prices in the South Bay of Los Angeles rose last month. Carson, Inglewood, Rancho Palos Verdes, Redondo Beach and Torrance all saw month-to-month increases in their respective median home prices, according to a report released Tuesday by the California Association of Realtors
One reason for the increase in the median home price is that a greater percentage of home sales are taking place in the higher priced home segment due to greater availability of Jumbo mortgage loans.
In the table above, you will notice that the cities on the Palos Verdes Peninsula have faired fairly well compared to the rest of the South Bay and Los Angeles County
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