The Median Home Prices for the South Bay Beach Cities of El Segundo, Redondo Beach, Playa del Rey, Hermosa Beach and Manhattan Beach, and the Palos Verdes Peninsula both fell approox. 15.8% from a year ago in November. A large factor in this drop in median prie ( where half the homes sold in November were below the meadian price and half the homes sold above the median price ) was due to the strong market in lower priced homes and the relative difficulty in obtaining Jumbo loans.
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.