AUGUST IS GONNA BE ANOTHER FANTASTIC NIGHT OF ROOTS/AMERICANA MUSIC – FEATURING THE BLUESY/ROCKIN’ MASON SOUTH ( PHIL PARLAPIANO, DOUG HAMBLIN, LYNN COULTER) AND THEN ALL THE WAY FROM HAWAII IS THE COUNTRY FOLK SOUNDS OF THE DESERT HOLLOW DUO/GREAT HARMONIES TOO! ALL OF THESE FINE PLAYERS ARE MASTERS ON THEIR INSTRUMENTS, SING SOULFULLY AND WRITE GREAT SONGS! I’LL BE THERE PLAYING SOME TUNES AS WELL AND THEN JUST DIGGIN’ THE MUSIC AND THANKING MY LUCKY STARS THAT I GET TO MAKE MUSIC WITH MY PALS!
DON’T MISS THIS NIGHT! THESE TWO ACTS VERY RARELY PLAY ‘ROUND THESE PARTS! GET THERE EARLY TO GET A SEAT AND HOPE TO SEE YA AT THE DANCE!!
In July the South Bay real estate market made a valiant attempt to maintain a positive stance. It failed. Compared to June of this year, things looked better on the sales volume side, but June was already in the tank, so even the summer bump was only modest help. Looking back to July of last year gave a depressing picture. Overall sales for the south Bay were off by 1%. In itself that’s not a huge number, but considering the market started this year at well over 10%, it’s a big drop in sales.
Median price was an even greater disappointment. In January every area of the South Bay was in positive numbers. By July, every area except PV (which has been negative four out of seven months), was shrinking.
Year to date numbers have overall pointed in an equally negative direction. For the first seven months of the year the South Bay is looking at a 6% increase in homes sold. Compared to the 11% that started the year, one has to conclude the local real estate economy is trending down. The median price tells an even more down-trodden perspective with nearly all areas showing prices falling by 1% to 3% from the same period in 2024.
Beach: A One Month Jump?
The number of homes sold in the Beach cities during July jumped to 130 units, up 11% from June sales. Keep in mind, the increase follows a 4% drop in June, which followed a 2% drop in May. Month to month sales have been erratic at the Beach, while annual sales volume has been steeply up compared to 2024. July sales continued the trend with a 10% increase over the same month last year.
Median price is another matter. At the Beach the median came in at $1,844,000, down 3% from June. July was the sixth successive decline in month to month median prices for the Beach area. Annually the median has shown mixed results compared to 2024, ranging from a 32% increase in January to a 1% decline in July. This drop in July followed another 1% decline in June, continuing what looks like a year long slide in median price and in sales volume. While still higher than in 2024, July was the second lowest month this year in terms of homes sold.
Cumulative sales for 2025 were 23% higher than 2024, though still down 15% from 2019, the last normal year of business preceding the pandemic. For the same period, the median price is up 9% over last year, while coming in at 49% above the median in 2019.
Harbor: Volume and Median Down
July was not a positive month for the Harbor area. Compared to June, sales volume and median price both fell by 8%. The number of homes sold for the month fell to 307 units, while the median price dropped to $775,000. This was the steepest monthly drop seen at the Harbor in 2025.
Annual statistics weren’t any better. Looking back to July of 2024, shows sales volume declined by 3%, and the median price fell 9%, the largest annual drop this year. If the current trend continues for the balance of the year, Harbor area real estate may take a serious hit.
Year to date sales through July came in at 3%. While still positive, it’s important to note the Harbor started the year with sales volume at 10% and has been dropping all year. Similarly, the median price has gone from 1% up in January to 9% down in July, ending the first seven months falling by 1%.
A quick comparison to 2019, shows year to date sales volume still down 20% from pre-pandemic business. Median price is still 43% above the 2019 median.
Hill: Strikingly Good
The Palos Verdes Peninsula saw a strikingly good real estate market in July. Month over month sales climbed an astonishing 53%. Of course, it’s not so impressive when one notes that sales dropped 34% last month. Even at that, 75 homes were sold in July, well above the average sold in any month for 2024 and the highest number in yet this year. At $2,185,000, a 13% increase over June, the median price was likewise the highest month for 2025.
Though not as dramatic, the year over year statistics were also impressive with a 3% increase in the number of homes sold compared to July of 2024. Increasing at 8% over July of last year, made PV the only area with a positive median price this month.
Viewing 2025 versus 2024 year to date sales brought another increase of 2%, roughly on par with the rest of the South Bay. Then came the only negative on the Hill for July—a drop of 1% in the median price.
Year to date sales compared to 2019 are still down by 11% , while the median price remains up by 44% from 2019.
Inland: Long Term Slowdown
July versus June numbers showed surprising strength for the Inland area. Those cities kicked the sales volume by 15%, with the number of homes sold climbing to 131 units. While boosting the median price 1%, to $979,000, the Inland area topped the market except for the highly volatile PV peninsula.
The monthly trend reversed with the annual statistics. July 2025 compared to July 2024 showed a 8% drop in the number of sales, accompanied by a 2% drop in the median sales price.
Year to date for the first seven months came with mixed results. Sales volume showed a 1% increase. For the same period, the median price dropped 3%, ending very much like all areas except the Beach, which continued to show positive results.
Once again looking back to 2019, before the real estate market was irremediably shaken by the Covid pandemic, current sales are down 15% and median prices are up 36%. With five months left in the year and economic forecasts leaning toward stagflation, this could well be a tipping point.
Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
TUESDAYS, 5:30PM — 7:30PM The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254 310 376-9833
Andy & Renee-Banana Leaf
THURSDAYS, 6:30PM — 9:00PM Banana Leaf & Beach Cities Social, 1408 S Pacific Coast Hwy, Redondo Beach, CA
Andy & Renee-Brews Hall
FRI, JUL 11 & 25, 7:00PM — 10:00PM Brews Hall Del Amo, 21770 Del Amo Circle East, Torrance, CA 90503
Andy & Renee- Terranea Lobby Bar
FRI, JUL 18, 7:00PM — 11:00PM Terranea Lobby Bar, 100 Terranea Way, Rancho Palos Verdes, CA 90275
Andy & Renee & Marty Rifkin-House Concert
FRI, AUG 8, 6:00PM
Special House Concert honoring August Birthdays! All are welcome. Show is in Hermosa Beach, hosted by Jean Merl. Special Guest Marty Rifkin. $30. BYOB and a snack. Doors 6pm, Show 7pm. Get tickets at our Store Page. Address given upon purchase of ticket.
Marimba Magic – Workshop and Show with Grita Marimba and Masanga Marimba
Learn to play Marimba with award-winning teachers, then enjoy a show with Sonoma County’s Grita Marimba and LA’s own Masanga Marimba.
Come join us at The Grand Annex Music Hall for a day filled with marimba magic! Our event includes a hands-on workshop where you can learn to play this beautiful instrument from talented musicians. Afterward, sit back and enjoy a mesmerizing show featuring marimba performances that will leave you in awe. Whether you’re a seasoned pro or a curious beginner, this event is perfect for anyone looking to experience the joy of music in a unique way. Don’t miss out on this Marimba Madness – it’s going to be an unforgettable day!
Join us for three nights of live Cumbia music and dancing as SoCal bands put their own twists on the irresistibly fun Columbian genre that blends indigenous, African, and European rhythms. It’s impossible not to move! Check back soon for more information!
Like Simon & Garfunkel with a touch of Willie Nelson, twins Adam and David Moss dress up their well-crafted lyrics with vocals, fiddle and a splash of twang.
THANK YOU FOR YOUR CONTINUED SUPPORT FOR LIVE MUSIC! WE AS MUSIC MAKERS CANNOT DO WHAT WE LOVE TO DO, PLAY LIVE SHOWS, WITHOUT YOU ALL SHOWING UP NIGHT AFTER NIGHT!
SPEAKING OF SHOWING UP, LAST MONTH’S ALL PRO SONGWRITER SHOW WAS OFF THE CHAIN INCREDIBLE, PACKED TO THE RAFTERS FROM BEGINNING TILL THE END TO HEAR TWO OF THE BEST SWAMPY, BLUESY, ROOTS TRIO’S ANYWHERE! SCROLL DOWN FOR SOME PICTURES – THANK YOU RICK HOLMSTROM, GREGORY BOAZ, STEVE MUGALIAN (FROM MAVIS STAPLES BAND), AND THE MOJO MONKEYS; DAVID RAVEN, TARAS PROANIUK AND BILLY WATTS! IT WAS BADASS! IF YOU WERE THERE, YOU KNOW!
THAT’S WHY YOU DON’T WANNA MISS ANOTHER SMOKING NIGHT AHEAD; TUESDAY, JULY 15, 2025 AT 7PM, WITH LA’S FAVORITE SONS; JOEY DELGADO AND THE DELGADO BROTHERS! IF YOU’RE A ROOTS,BLUES, LATIN/SOUL FAN, WITH AN AWARD WINNING GUITAR PLAYER AND GREAT SONGS, AND WHO ISN’T BE THERE! I’LL BE THERE TOO DOING MY THING; AND I’M SO HAPPY TO BE ABLE TO DO SO! PLUS I’M A BIG FAN OF THESE GUYS SO I’LL BE LOVING IT TOO!
As 2025 rolls by the real estate market in the Los Angeles South Bay continues to slide downward. January started the year with 11% more homes sold than in 2024. Now, with June in the books, the difference is 0% growth in sales across the South Bay. From month to month the numbers are up and down, but the end result is down.
With the exception of the Beach cities, the same thing is true for the median price. The four areas of the South Bay are distinguished from each other by the basic appeal of each area to potential home owners. Comparing real estate from 2024 to 2025 shows a distinct difference between the Beach cities and the other three areas.
Consider the sales volume, for example. Across the South Bay the cumulative change in the number of homes sold for the first half of each year, shows a 7% increase. However, the Beach area measured in at a 26% increase. The Harbor area was 4%, Palos Verdes peninsula was 2%, and the Inland cities were 3%. Different South Bay buyers are definitely viewing things differently.
Looking at the median price shows a similar story. In the same order, Beach was 11%, Harbor was 1%, Palos Verdes was -1% and Inland was -1%.
Clearly, buyers in the Beach cities have a different perspective than those in the rest of the South Bay. It would take some serious research to study the various purchases, what type of buyer was involved, how the property is currently being used, and how big of a premium the buyer was willing to place on the property, etc., in order to understand the motivations. An early guess is speculation. Buyers with sufficient available resources are speculating that the value will continue to go up without interruption. There might also be some number of those buyers who believe short term rentals will help defray the carrying costs. And probably a few who just want to live at the beach.
The key tying them all together though, is speculation. Those Beach area buyers believe the economy is going to hold and their purchases are going to further advance in value. That opinion appears to be changing though. The June median results for the Beach shifted from positive to negative in what may be an indication of the direction of our economy. We’ll be back next month with an update.
Beach: Mostly Down
Compared to May the Beach cities real estate performance was a bust. June is the second “down” month in succession for the Beach. At 117 units sold, monthly sales volume dropped 4%, after dropping 2% in May. Median prices in the Beach area have been negative since February. The median for June was a mere $5000 below last month’s $1.9M, leaving a statistically insignificant 0% drop.
In year over year sales volume, the Beach did much better, with a 30% increase in the number of homes sold over June of 2024. However, median price took a nosedive from June of 2024, falling from positive 9% in May to a negative 1% in June this year.
Contrasting the first six months of 2025 to the first half of 2024 lends the Beach cities a win. While the South Bay as a whole saw an increase of 7% in the number of homes sold over those sold in 2024, the Beach area jumped by 26%. For the same period of time, Beach prices climbed by 11%, far better than any of the other three areas.
As a point of reference, the number of Beach homes sold in the first half of 2025 is 17% below the number of sales in 2019, the last “normal” business year before the pandemic. Over the same time frame, median prices have increased 54%.
Harbor: Mostly Up
Real estate in the Harbor area showed surprising resilience in June. With 335 homes sold, sales volume was up 14%. At the same time, the monthly median price of $838,000 at the Harbor was up 3% from the prior month.
In the only decline for the Harbor in June, the annual sales volume slipped slightly with a 2% decline. This was offset by a 5% increase in the median price over the same month last year.
Year to date statistics brought even more positive news for the Harbor area. Sales volume for the first six months of the year was up 4% over sales in 2024. The median price was also up, with a modest increase of 1%.
Much like the Beach cities, when looking back to pre-pandemic real estate, the sales volume is 18% below that of 2019 while the median price is up 46%.
Hill: More Down
On the Palos Verdes Peninsula, the only positive number for June was the median price, which rose from $1.85M in May to $1.94M in June, for a 5% increase. Heading the opposite direction, monthly home sales dropped by 34%, ending the month with 49 sales.
In comparison to 2024, PV cities lost ground in sales and in prices. The number of homes sold fell by 18%, while the median price lost 4%.
With the first half of 2025 in history, homes on the Hill appear to have settled in with modest sales volume increases accompanied by small decreases in price. As of June, homes sales are up by 2% and the median is down 1%.
Compared to the first six months of 2019, Palos Verdes volume is off by 9%. For the same period, the median is up 44%.
Inland: And More Down
After four months of sales growth this year the Inland area flipped with a 20% drop from last year. Running the opposite direction from the sales decline, the median price jumped by 11%, coming in at $965,000.
Year over year statistics likewise ended with a drop in the number of homes sold and an increase in the median price. Compared to 2024 sales volume was down 7%, while the median climbed 1%.
At mid-point in the year, the Inland area is posting a 3% increase in sales over 2024 business. That number seems quite reasonable, especially when compared to the monthly sales which range from 18% increase to 20% decrease. While the total number of sales is down, the median price for the first half of the year is up 1%.
Continuing the year to date comparison with pre-pandemic activity, the Inland area is showing sales at 14% less than 2019, combined with a median price at 38% higher than then.
Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
The real estate market in the Los Angeles South Bay kicked off 2025 with an 11% increase in the number of residences sold for January. That increase in sales volume was accompanied by median price bumps that ranged from 0% in the Inland area to 32% in the Beach cities.
Fast forward to May, almost halfway through the year, and the sales volume has dropped to a 7% increase over May of last year. With the number of homes selling declining, the median prices have likewise moved from the positive side to the negative. Comparing the median prices to May of last year shows prices falling in three of the four South Bay areas. Only the Beach cities managed to stay positive with a 9% increase, albeit compared to 32% in January. The other three areas dropped by as much as 8%. (See below for more detail.)
This South Bay Market Snapshot shows where the market is shifting and by how much. It’s designed to help clients understand the direction of the market. Those who watch the market trend will see increasing larger chunks of real estate market are sliding toward recession either in the number of homes sold for a given period, or correspondingly dropping in median price. The mid-year report next month should provide a more definitive comment on the future of local real estate.
Beach: Still Up, but …?
May was not a good month for real estate in the Beach cities, but it was better than last May. The month over month statistics are red ink, with the number of homes sold dropping by 2% and the median price falling 3% from April. Sales volume came in at 122 units, compared to 125 in April. The median price was $1,900,000 down from $1,955,000 last month.
Annual sales volume was more impressive at 11% increase in the number of homes sold. Similarly, the median price at the Beach escalated by a relatively high 9%, compared to the other areas of the South Bay.
Year to date, 541 homes have sold in the Beach area, 25% greater than the first five months of 2024. At $2,000,000 the median price surprises, since the median month to month is only $1,900,000. How could the median for the year to date, be higher? Well, looking at the past few months shows Beach area prices started the year much higher than they are now. In fact, the median in January was $2,355,000—almost $400,000 higher than May. Beach area median prices have been falling every month this year.
Harbor: Sales Slipping, Prices Down
Month over month, sales volume in the Harbor area dropped by 5%, from 310 homes in April to 293 in May. Surprisingly, the median price climbed from $785,000 to $815,000, for a boost of 4%.
Comparing this May to the same month last year gives similarly mixed results, though in reverse. While monthly home sales found May lower than April, annual sales were up 2% from May of 2024. In the same time frame, median prices fell 4% across the year.
For January through May of 2025 the number of home sold rose 6% from last year, for a total of 1373 properties closing escrow. During the same period of time the median price rose 1%, ending at $785,000.
Hill: Sales Solid, Prices Down
Home sales on the Palos Verdes Peninsula for the month of May delivered an increase of 1%, totaling 74 homes. In May, the median price likewise went up, reaching $1,850,000, or 4% more than those sold in April.
Looking at sales volume year over year shows a more varied picture. Last month compared to May of 2024 offers a 12% increase in the number of homes sold. At the same time, the median price tumbled by 5%. One should always be cautioned that with the small number of transactions in peninsula homes, percentages often seem exaggerated, thus it’s important to look at the year to date statistics, too.
For the first five months of 2025 275 homes were sold on the Hill, boosting sales volume by 7% over that of 2024. While the volume came up, the median price went down. At $1,897,000 the median dropped by 2%. It would seem a correction was in the making, though that’s based on memory of other financial “compressions” in recent years.
Inland: Median Prices Continue Down
Monthly sales statistics brought a 12% jump in homes sold in the Inland area. This increase is easily the steepest in the South Bay for May. The next closest rise in sales was the Palos Verdes area with a 1% bump over April volume. The 143 homes sold at a median price of $870,000, a 1% drop from the April median.
The Inland area joined the Hill in yearly sales increases. Both areas registered a 12% jump in volume, coming in at the top, with the South Bay as a whole rising by only 7%. Continuing a trend started in March, Inland median prices once again fell, this time registering the steepest drop across the South Bay, falling 8% below last year’s May numbers.
As the calendar barrels toward mid-year Inland sales volume for the year to date has climbed 5% over 2024 to 575 homes sold. Median prices for the same period rose a very modest $10, settling at $900,000, effectively a 0% increase.
Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
TUESDAYS @ 5:30PM — 7:30PM (except July 1st) The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254 310 376-9833
Andy & Renee-Banana Leaf
THURSDAYS @6:30PM — 9:00PM Banana Leaf & Beach Cities Social, 1408 S Pacific Coast Hwy, Redondo Beach, CA
Andy & Renee & Hard Rain-The Grand Annex SOLD OUT
FRI, JUN 27, 2025 @ 8:00PM The Grand Annex, 434 W. 6th St., San Pedro, CA 90731.
Featuring the music of Jackson Browne and Lucinda Williams. Tickets
Andy & Renee-Canada Day Celebration
TUE, JUL 1, 6pm. Fundraiser for Community’s Child. Hosted by Athen Paquette and Tom Cormier.
All Canadian Music! Drinks, Poutine, Canadian snacks included! Price also includes a donation to Community’s Child. We’ll have a quiz w/prizes. Blankets provided if it gets chilly! $40. Show is in Palos Verdes…Address provided upon purchase of a ticket. Tickets
Andy & Renee & Hard Rain-Torrance Summer Concert Series
SAT, JUL 5, 2025 5:00PM Wilson Park, 2200 Crenshaw Blvd., Torrance, CA 90501
Andy & Renee & Hard Rain-Malaga Cove Library Park Concert
WED, JUL 9 @ 6:30-7:30PM Malaga Cove Library Park, 2400 Via Campesina, Palos Verdes Estates, CA
Andy & Renee-Brews Hall Del Amo
Fridays, July 11 & 25 @ 7:00PM — 10:00PM Brews Hall Del Amo, 21770 Del Amo Circle East, Torrance, CA 90503
Andy & Renee- Terranea Lobby Bar
FRI, JUL 18 @ 7:00PM — 11:00PM Terranea Lobby Bar, 100 Terranea Way, Rancho Palos Verdes, CA 90275
Two shows! Friday, June 20 at 8 PM – Sold Out Saturday, June 21 – Sold Out Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
Back by popular demand! Premier tribute to Linda Ronstadt featuring Shannon Rae brings you the songs you love from this legendary artist.
Shannon Rae and her band brought the house down with their fall 2021 concert at the Grand Annex. On stage, their show does justice to the music and the intensity of Ronstadt’s songs. Hear “You’re No Good,” “Blue Bayou,” “When Will I Be Loved,” “Tracks of My Tears” and more.
Mikaela Kai Flamenco SPAIN Sueño de Libertad
Saturday, June 22, 2025, 2:00pm Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
You can’t miss the outstanding performance of Barcelona native flamenco artists, Paco Arroyo and Yolanda Arroyo. Paco’s virtuoso playing guitar, Yolanda’s heart-moving dance, singing and transcendental technique in castanets will surely fascinate all audiences with a standing ovation. Three talented local flamenco dancers and MKF’s dancers and musicians, will also be featured in the show.
The theme of this year’s event is “Spain”. Flamenco is a folk art form that originated in the Andalusia region of southern Spain, and the Romani, a migratory people, played a major role in its history and development. As an art form created by wandering peoples through a fusion of various music and rhythms, it resonates with a diverse range of people, bringing familiarity, nostalgia, and melancholy; in 2010, it was included in UNESCO’s list of Spain’s Intangible Cultural Heritage. We are honored to be able to present this wonderful culture to you on stage through the art of flamenco, an art we feel passionately about. You will be able to enjoy a wide range of flamenco performances, from brilliant dances with castanets, fans, and mantons, which are typical flamenco accessories, to cante and guitar performances! I hope that through this recital, you will enjoy a dreamy moment to immerse yourself in the passion of flamenco and free your spirit.
Andy & Renee & Hard Rain: Jackson Browne & Lucinda Williams Tribute
Saturday, June 27, 2025, 8:00pm Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
One of SoCal’s most versatile folk-rock bands pays tribute to the music of Jackson Browne and Lucinda Williams.
With 17 CDs and 3 DVDs in their pocket, Andy & Renee have won countless awards, including Americana Group of the Year by the LA Music Awards, Best Duo/Group at the International Acoustic Music Awards and a Regional Emmy for their PBS concert special “Black Box Opens – Andy & Renee.” Their relatable lyrics, unforgettable melodic content and tightly crafted arrangements have brought together fiercely loyal audiences up and down the West Coast in the US and Canada.
The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
Back by popular demand! With spot-on timing and a passion for the Golden Age of film, local comedian Fred Crawford delivers a hilarious and clean one-man comedy show spoofing Hollywood’s classic stars with side-splitting impressions, slapstick and even a little tap dance. Not to be missed!
The first two months of 2025 looked generally good. Not necessarily strong, but sales were more or less pluses compared to 2024. By the time March rolled around things were starting to look less positive. Sales were dropping in most neighborhoods and double digit increases were pretty much a thing of the past. With April the number of homes closing escrow actually increased, except for the Inland area.
Median price is another story. While prices have continued to escalate at the Beach, they have flattened in the Harbor area and dropped into negative territory everywhere else. The year to date statistics for median price are still ok, but beginning to look like a recession in the making.
Like the rest of the world’s economy, South Bay real estate in 2025 is volatile. From one month to the next there is hardly any continuity. Looking across the year to date activity is seems clear both sales volume and prices are sliding.
Sales volume is expected to remain below prior years for some time. This is a reaction to the extremely low interest rates attached to homes purchased during the pandemic. Those owners are holding on to those properties and rates for as long as possible. Compared to 2019, the last year before pandemic influenced real estate, sales volume has consistently been 5% to 15% lower.
On the other hand, median prices have jumped consistently. South Bay median prices are anywhere from 40% to 70% higher than in 2019. That inflation appears to have begun receding in the Harbor and Inland areas. It has slowed but not reversed at the Beach or on the Peninsula.
Beach: Starting to Weaken
The number of homes sold in the Beach cities during April increased to 125 units, or 3% over March. Looking at year of year sales volume, 6% more were sold in April of 2025 as were in the same month of 2024.
Median prices were mixed, coming in at $1,955,000, 2% below March of this year. Annually, the April median was 12% above April of last year.
Year to date for the first four months of the year, 419 homes have sold for a 30% increase over sales in 2024. The median price of $2,090,000 represents a 17% lift from last year.
Harbor: Sharply Slower
April sales volume in the Harbor area jumped by 23% above March, ending at 310 homes sold. Annually, that came in at a 17% increase above April of 2024.
Like the Beach, Harbor area median prices dropped 2% from March sales, registering at $785,000. Comparing that to the median in April of 2024 showed an increase of 1%.
Looking at the longer perspective, 1080 homes sold in the Harbor area year to date through April, for a increase of 7%. For the same period of time, the median price was flat at $772,500.
Hill: Prices Negative
On the Palos Verdes peninsula 73 homes were sold in April, an increase of 46% over March. That monthly increase far over-shadowed the year over year increase of 14%. It’s important to remember that activity on the PV Hill is lower than any of the other areas measured here, and is subject to some rather dramatic statistical swings.
While the number of sales increased monthly and annually, the median price dropped in both categories. At $1,783,560, April’s median price was 10% below that of March. April of 2025 came in 7% below the same month in 2024.
The first four months of the year saw 5% sales increase with 201 homes sold. For the same period, the median price rose 4% to $1,935,000.
Inland: Mostly Down
Monthly, sales in the Inland area climbed to 128 homes, for a 12% increase. At the same time the year to year sales volume fell 5% from April of last year.
The median price in April was $877,500, a drop of 4% from March while remaining the same as April of 2024.
Year to date sales of 432 homes was a 3% improvement over the first four months of 2024. For the same period, the median price of $900,000 represented a 1% increase.
Beach=Manhattan Beach, Hermosa772,500 Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
Saturday, May 24, 2025, 4:00 PM Free LA Maritime Museum Plaza Berth 84, San Pedro CA 90731 Grand Vision
Grand Vision presents Mid-Life Crisis (MLC) during San Pedro Waterfront’s Fleet Week at the LA Maritime Museum Plaza. Danceable favorites from a high-energy, classic rock band that is pure San Pedro-bred! Led by singer Roni Iacono.
Concerts at the Harbor Drift Away
Sunday, May 25, 2025, 5:00 PM Free LA Maritime Museum Plaza Berth 84, San Pedro CA 90731 Grand Vision
Grand Vision presents Drift Away, a talented quartet performing R&B, funk and more hits from the soulful ’60s and ’70s featuring:
Harold Payne, multi-platinum songwriter for artists such as Rod Stewart, Patti Labelle and longtime collaborator, Bobby Womack; literally from Peter Paul & Mary to Snoop Dogg.
Rick Cowling, toured with Kenny Loggins and Ambrosia playing keyboards, guitar and vocals for many years and produced songs for Bonnie Raitt, Bobby Womack and Melissa Manchester.
Percussionist Oliver C. Brown, original member of KC & The Sunshine Band and has toured with Al Jarreau, Fleetwood Mac, Leo Sayer and smooth jazz artist NILS.
Michael Mennell, bassist and vocalist, has played and recorded with Sir Tom Jones, John Fogerty, Boz Scaggs and Billy F. Gibbons and is a Pop Bass professor at the USC Thornton School of Music
POLAHS Senior Showcase Visual and Performing Arts
Sunday, May 25, 2025, 5:00 PM Free The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Port of Los Angeles High School
The senior class of Port of Los Angeles High School Visual and Performing Arts Curriculum return to the Grand Annex with an exciting and eclectic mix of music, dance, drama, and video.
This event is presented by the Port of Los Angeles High School, please contact the event presenter with all questions.
Concerts at the Harbor Homegrown Collective
Saturday, June 7, 2025, 2:00 PM Free LA Maritime Museum Plaza Berth 84, San Pedro CA 90731 Grand Vision
Homegrown Collective wraps up this concert series after the San Pedro Pride Flag Raising on Saturday, June 7. Dance to original songs upbeat favorites from the ‘80s through the present. The march and flag-raising celebration, presented by Bridge Cities Alliance, starts at 11 AM. The band follows directly after from 2-4 PM.
Laurence Juber’s AIRFOIL Paul McCartney & Wings
Friday, June 13, 2025, 8:00 PM Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
Original Wings band member, Laurence Juber and his full band deliver unforgettable moments from the rocking side of the Wings catalog. Hear “Getting Closer,” “Spin It On,” “Rockestra,” “Maybe I’m Amazed” and more.
Juber is recognized internationally as lead guitarist in former-Beatle Paul McCartney’s band Wings, with whom he won a Grammy. Since then, he has established himself as a world-renowned guitar virtuoso. His playing fuses folk, jazz, blues, pop and classical styles, creating a multi-faceted performance that belies the use of only one instrument.
In addition to Juber, Airfoil’s master musicians are: Jeff Alan Ross (keyboard) has worked as Peter Asher’s musical director and has toured with John Jorgenson, Albert Lee, Badfinger and others.
Bill Cinque (bass) played in and directed the British Invasion 50th Anniversary Tour and has performed with Neil Diamond, Badfinger, Stevie Nicks and more.
Christopher Allis (drums) has toured internationally and has played studio recordings for Coca Cola, The Voice and several James Bond movies.
The Two Tracks
Saturday, June 14, 2025, 8:00 PM Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
From Wyoming’s Bighorn Mountains, The Two Tracks deliver original Americana, driven by Dave Huebner’s cello and Julie Huebner’s guitar, their voices intertwining to create a sound that’s both ‘sweet lonesome prairie’ and a ‘barn dance hootenanny’.
With songwriting by husband and wife Dave and Julie Huebner, the band’s four-part harmonies are backed by Dave’s driving cello and Julie on guitar, Taylor Phillips on bass and Fernando Serna on drums.
The band recently performed at Americanafest and has opened for artists including Kitchen Dwellers and The Black Lillies. In 2022, they performed at the World Expo in Dubai, and in 2024, were featured at FAR-West Folk Alliance’s Official Showcase.
Ronstadt Revival
Two shows! Friday, June 20 at 8 PM Saturday, June 21 – Sold Out Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
Back by popular demand! Premier tribute to Linda Ronstadt featuring Shannon Rae brings you the songs you love from this legendary artist.
Shannon Rae and her band brought the house down with their fall 2021 concert at the Grand Annex. On stage, their show does justice to the music and the intensity of Ronstadt’s songs. Hear “You’re No Good,” “Blue Bayou,” “When Will I Be Loved,” “Tracks of My Tears” and more.
Mikaela Kai Flamenco SPAIN Sueño de Libertad
Saturday, June 22, 2025, 2:00pm Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
You can’t miss the outstanding performance of Barcelona native flamenco artists, Paco Arroyo and Yolanda Arroyo. Paco’s virtuoso playing guitar, Yolanda’s heart-moving dance, singing and transcendental technique in castanets will surely fascinate all audiences with a standing ovation. Three talented local flamenco dancers and MKF’s dancers and musicians, will also be featured in the show.
The theme of this year’s event is “Spain”. Flamenco is a folk art form that originated in the Andalusia region of southern Spain, and the Romani, a migratory people, played a major role in its history and development. As an art form created by wandering peoples through a fusion of various music and rhythms, it resonates with a diverse range of people, bringing familiarity, nostalgia, and melancholy; in 2010, it was included in UNESCO’s list of Spain’s Intangible Cultural Heritage. We are honored to be able to present this wonderful culture to you on stage through the art of flamenco, an art we feel passionately about. You will be able to enjoy a wide range of flamenco performances, from brilliant dances with castanets, fans, and mantons, which are typical flamenco accessories, to cante and guitar performances! I hope that through this recital, you will enjoy a dreamy moment to immerse yourself in the passion of flamenco and free your spirit.
Andy & Renee & Hard Rain: Jackson Browne & Lucinda Williams Tribute
Saturday, June 27, 2025, 8:00pm Tickets The Grand Annex 434 W. 6th St., San Pedro CA 90731 (310) 833-4813 Grand Vision
One of SoCal’s most versatile folk-rock bands pays tribute to the music of Jackson Browne and Lucinda Williams.
With 17 CDs and 3 DVDs in their pocket, Andy & Renee have won countless awards, including Americana Group of the Year by the LA Music Awards, Best Duo/Group at the International Acoustic Music Awards and a Regional Emmy for their PBS concert special “Black Box Opens – Andy & Renee.” Their relatable lyrics, unforgettable melodic content and tightly crafted arrangements have brought together fiercely loyal audiences up and down the West Coast in the US and Canada.
Jodi Siegel’s All Pro Songwriters Showcase is held at Project Barley the third Tuesday of every month. This craft brewpub serves excellent food (gourmet pizza, wings, sandwiches, salads) along with wine and award winning beer. Food served till 8:30pm. No reservations. https://projectbarley.com/ 2308 Pacific Coast Hwy, Lomita, CA 90717
Teresa James and the Rhythm Tramps
Teresa James and the Rhythm Tramps coming up in May! Gonna be a rocking time! This band is grammy nominated and have been touring all over the world and we are lucky to have ’em at the All Pro Songwriters Night, Tuesday, May 20, 2025 from 7-9pm. For more information on Teresa and the Tramps go to https://teresajames.com/
Jodi Seigel
Jodi Siegel, originally from Chicago, IL, is a singer, songwriter and guitarist. Over the years Jodi has opened for and or shared the stage with many respected musicians including: Albert King, Robben Ford, Robert Cray, J.D. Souther, David Lindley, Fred Tacket and Paul Barrere (Little Feat) and countless others. Her songs have been recorded by Maria Muldaur, Marcia Ball, Tommy Ridgley and Teresa James.
April 26 – 8:00 PM, Doors 7:00 PM The Grand Annex 434 W. 6th St., San Pedro, CA Tickets
Paul Givant is the frontman, songwriter and founder of the Americana folk-rock band Rose’s Pawn Shop. He tours nationally and internationally with the group at festivals, theaters and clubs.
Since 2018, he has been writing solo records, through which he processes life’s highs, lows and complexities. Inspired by the sounds of 1970s folk rock, his new record Marigold is a deeply personal story of growth. Listen to the first single from Marigold, “Tripping On the Moon.”
Opening for Paul will be Mary Scholz / 8 PM
Mary Scholz’s “songbird vocals” (Americana Highways) and evocative songwriting have made her a live circuit favorite for over a decade. With her unique brand of gritty folk charm, the Philly-born, LA-based artist forges a personal connection with her audience every time she takes the stage. Zachary Ross of Rose’s Pawn Shop will join her for a few songs.
Spotlight on Singer-Songwriters presented with Blackbird Record Label
Hosted by Americana-Country artist Manda Mosher, a five-time LA Music Awards winner. Mosher performs along with Dead Rock West, Silas Nello and Pi Jacobs.
Grand Vision and Blackbird Record Label collaborated to put this Spotlight Series line-up together through a generous grant from the Live Music Society.
LA-based Blackbird Record Label, founded by recording artist Manda Mosher and record label executive and music supervisor Eric Craig, represents a strong community of Americana and Alt-Country artists. Manda and Eric are also the founders and producers of the annual California Country Show at Americanafest in Nashville.
🍷Pre-Concert Wine Tasting:
Taste fine wines led by professional sommelier, Jean-Philippe Molinari.
Free to Grand Vision members at the Friend, Champion, VIP Circle, Arts Advocate and Performing Arts Patron level – up to two per household, $16 per person for all others. Concert tickets are required to participate. Members’ tasting tickets must be redeemed in advance. Tastings begin one hour before the show, please arrive no later than 30 minutes into the tasting to participate.
LA Poverty Dept. presents The Covid Hotel – A Free Play
The Covid Hotel Welcomes You to the Future is a performance by Los Angeles Poverty Department, a theater group from Skid Row that has performed throughout LA and the world. It is inspired by interviews with healthcare workers who ran the LA County Health Department’s Quarantine & Isolation sites for unhoused COVID patients. The performance celebrates the unexpected innovations of these “Covid Hotels” and amplifies the programs that are building upon these innovations to provide low-barrier access to healthcare and housing. The performance will be followed by a discussion with local professionals who work with underserved communities.
This performance is free and open to all. No RSVP required.
Hailing from the Democratic Republic of the Congo, Mermans “Mofaya” Mosengo and Jason Tamba formed Afro Fiesta, and recently rounded out the band with Coco Buono and Jose Agote, two members of the Argentine rock band Los Pinguos.
With early musical influences such as Bob Marley, Tracy Chapman and Peter Tosh, the band plays a fusion of eclectic styles including Afro-beat, reggae and Latin rhythms. You may recognize them from playing with Twanguero in their other band, Los Silverbacks.
Afro Fiesta has been part of the movement Playing For Change (PFC) since its inception. PFC aims to inspire, connect and bring peace to the world through music. Through PFC, Afro Fiesta has performed more than 400 concerts in over 25 countries, including headlining in Brazil for an audience of 35,000 and opening for Robert Plant in Australia. Earning a reputation as innovators, Afro Fiesta has performed at numerous music festivals, including SXSW and OBZ Festival in South Africa.
Original Wings band member, Laurence Juber and his full band deliver unforgettable moments from the rocking side of the Wings catalog. Hear “Getting Closer,” “Spin It On,” “Rockestra,” “Maybe I’m Amazed” and more.
Juber is recognized internationally as lead guitarist in former-Beatle Paul McCartney’s band Wings, with whom he won a Grammy. Since then, he has established himself as a world-renowned guitar virtuoso. His playing fuses folk, jazz, blues, pop and classical styles, creating a multi-faceted performance that belies the use of only one instrument.
The Two Tracks, hailing from Wyoming’s Bighorn Mountains, ignite their original Americana with Dave Huebner’s driving cello, creating a sound that’s both “sweet lonesome prairie” and “barn dance hootenanny.”
With songwriting by husband and wife Dave and Julie Huebner, the band’s four-part harmonies are backed by Dave’s driving cello and Julie on guitar, Taylor Phillips on bass and Fernando Serna on drums.
Watch live or anytime at https://youtube.com/live/lndrJnpUhc8?feature=share
Local? Come watch in person! Just RSVP to reneesafier@hotmail.com. For the online viewer, the Livestream shows are free to watch, but the option to contribute is there for those who are in a position to do so. You can see our song list to make requests and contribute at https://andyandrenee.com/tickets-tips…, PayPal (paypal.me/andyandrenee) or Venmo, (www.venmo.com/Renee-Safier). A portion of the proceeds will go to the Los Angeles Midnight Mission. We are sustained by the generosity and support of the fans who love the music, and who donate as they are able. If you use funds from your bank vs. your credit card, we aren’t charged a service fee, but either way, we appreciate your support!
Andy & Renee & Hard Rain & Friends- Dylanfest 35
SUN, MAY 11, 2025 @ 12:00PM — 8:00PM Torino Plaza, Torrance Cultural Arts Center, 3330 Civic Center Drive, Torrance, CA 90503
March was not a good month for sellers of South Bay realty. Median prices for residential property collapsed into red territory for nearly all areas. Sales volume was right behind it with falling numbers everywhere except the Beach cities. Even at the Beach, where the number of homes sold rose, the median price went negative.
So to what should this market slow down be attributed? Is it the elevated interest rates? Probably not, since mortgage rates have actually come down, albeit only slightly. Perhaps it’s a lack of inventory? Not likely, as there are more homes on the market in most neighborhoods. Tariffs? There are none on real estate. Has inflation driven off the buyers? Possibly. Median home prices are up in a range from 40% to 74% across the South Bay, though most of that price jump occurred when mortgage interest was toying around the 3% area.
Economic chaos is probably a more accurate answer than any other. Investors like stability, which is not in evidence today. Right now, investors can’t tell from one day to the next, whether to expect recession or inflation. In order to buy low, or to sell high, it’s necessary to know which direction the economy is going. When they can’t tell, investors park their money in the least volatile place they can find.
It’s often called the “investor flight to safety.” So, when the IMF warns of “major negative shock” to the international economy, investments shift to gold and bonds. Right now, both are doing quite well. At some point the investment community will decide real estate has fallen as far as it’s going to, and then we’ll return to—inflation.
Beach:
Monthly home sales in the Beach cities climbed 11% above February, while the median price plummeted by 8%. The number investor flight to safety.of homes sold increased from 109 in the prior month to 121 units in March. The median price dropped $180,000, ending the month at $2,000,000.
On a year over year basis, the sales volume was even more insane, with 59% growth over March of 2024. The last time the local market saw sales numbers this high was during the pandemic, when interest rates were at rock bottom. The craziest part of the story—is seeing that with all those sales, the median price for March actually dropped $10,000. The decline was small enough to register as a 0% change.
Year to date comparisons to the first three months of last year showed similarly divergent percentages, though not quite as radical. Sales volume for the first quarter of 2025 exceeded 2024 by 43%. For the same period of time, the median price at the Beach rose an astonishing 22%. This compared to low and negative numbers across the rest of the South Bay for both sales volume and median price.
Harbor:
Talk about diverse—the Harbor area did a complete 180º turn on the Beach area. Monthly, the Beach was: volume – up, median – down; the Harbor was volume – down, median – up. The Harbor came in with a 7% drop in number of homes sold, falling to 253 units from 273 last month. The median sale was $803,000, a 6% increase over last month’s $760,000.
The same diversity, or is it perversity, kicked in on the yearly statistics. Compared to March of 2024, this year the Harbor area dropped 9% in the number of homes sold, while the median price of those homes climbed 4%.
First quarter home sales at the Harbor continued to climb, though not as aggressively as the Beach area. The sales volume rose 4%, which is more in line with business on the Hill and for the Inland area. For the same time frame, the median price fell 1%.
Hill:
Month to month sales in Palos Verdes showed a 9% increase, climbing from 46 units in February to 50 in March. While the number of homes sold climbed, March saw a 4% drop in the median price.
Comparing March of 2024 to this March brought 0% change for both the number of homes sold and the median price. Exactly 50 homes sold in both years. The median price actually declined by $10,000, though the change was statistically insignificant.
There was also no change to the sales volume for the first three months of this year. Median price on the Hill rose 11% for the first quarter of 2025.
Inland:
While March brought 11% growth in the number of homes sold compared to February, the Inland area challenged market pressure and registered a 1% increase in the median price. With 114 sales for the month, compared to 103 for last month, the Inland area maintained positive volume. At the same time, the median price improved by $12,500, up from the February median of $900,000.
Annually, March flipped the statistics, with both the sales volume and the median price dropping. Home sales fell by 9%, the same decline the Harbor area experienced. The median price was off 1%, which doesn’t seem like much until compared with the 40% growth since 2019.
Year to date the Inland area showed 6% growth in the number of homes sold compared to the first quarter of 2024. Like the Harbor area, the Inland area delivered a significant drop in the median price, coming in with 0% change.
Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
This show is SOLD OUT! To be put on the waitlist, call the Grand Annex (310) 833-4813 by 6:00pm Friday, 3/28. Placement on the waitlist does not guarantee a ticket.
LA-based Blues legend returns with his signature picking style learned from masters like Lightnin’ Hopkins and Mance Lipscomb. Joined by an array of Blues artists including Ray Bailey and Mo Beeks.
Spotlight on Singer-Songwriters presented with Wonder & Awe Productions
Hosted by Brenda Carsey who performs with Kid Lightning, Joseph Eid and pop-folk artist Madison Malone – whose credits include lyrics for Celine Dion and soundtracks for General Hospital and ABC’s 20/20.
Grand Vision and Wonder & Awe Productions collaborated to put this Spotlight Series line-up together through a generous grant from the Live Music Society.
Gathering for the Grand: WOODSTOCK Peace Love & Music Party
Limited tickets may still be available, call the Grand Vision office at (310)833-4813 if you would like to purchase tickets to the 2025 Gathering for the Grand Gala.
The 16th Annual Gathering for the Grand Gala will be on April 12, 2025 at the Palos Verdes Golf Club. Together, we’ll toast to the next exciting phase of renovations at the historic Warner Grand Theatre and celebrate fifteen incredible years of concerts at the Grand Annex Music Hall. The theme is: WOODSTOCK A Peace, Love & Music Party. At the gala, we will be honoring Andy Hill & Renee Safier and they will perform a full set of music with their band, Hard Rain! Enjoy groovy drinks and dance to the iconic music of Woodstock.
Paul Givant Marigold Record Release Concert Opener: Mary Scholz
Paul Givant is the frontman, songwriter and founder of the Americana folk-rock band Rose’s Pawn Shop. He tours nationally and internationally with the group at festivals, theaters and clubs.
Since 2018, he has been writing solo records, through which he processes life’s highs, lows and complexities. Inspired by the sounds of 1970s folk rock, his new record Marigold is a deeply personal story of growth. Listen to the first single from Marigold, “Tripping On the Moon.”
FRI, APR 18 & 25 @ 7:00PM — 10:00PM Brews Hall Del Amo, 21770 Del Amo Circle East, Torrance, CA 90503
Andy & Renee & Hard Rain-The Lighthouse
SUN, APR 20 & May 4 @ 2:00PM — 5:00PM The Lighthouse Cafe, 30 Pier Avenue Hermosa Beach, CA 90254 310 376-9833
Andy & Renee & Hard Rain & Friends- Dylanfest 35
SUN, MAY 11, 2025 @ 12:00PM — 8:00PM Torino Plaza, Torrance Cultural Arts Center, 3330 Civic Center Drive, Torrance, CA 90503
A full day of nothing but Bob Dylan music, performed by 50-60 Los Angeles musicians, with never a repeated song! Tickets on sale NOW!!
Andy & Renee & Hard Rain-The Grand Annex
FRI, JUN 27, 2025 @ 8:00PM The Grand Annex, 434 W. 6th St., San Pedro, CA 90731. Featuring the music of Jackson Browne and Lucinda Williams. Get Tickets at https://grandvision.org/event/andy-renee-hard-rain-2/
Andy & Renee & Hard Rain-Torrance Summer Concert Series
SAT, JUL 5, 2025 Wilson Park, 2200 Crenshaw Blvd., Torrance, CA 90501
Andy & Renee & Hard Rain-Malaga Cove Library Park Concert
WED, JUL 9 @ 6:30PM Malaga Cove Library Park, 2400 Via Campesina, Palos Verdes Estates, CA
Since summer of 2023, South Bay real estate has been erratic, inexplicable and highly inflationary. Both the sales volume and the median price jump up, and then down, and then up again with no apparent rationale. For example, the number homes sold in the Beach cities was up 29% in December, down 40% in January and up 70% in February. Over the same months, the median price in the the Beach cities went up 9%, up 30%, and down 7%. Those are huge jumps, and with contrary indicators.
Some of that crazy action made sense during the pandemic, but post-pandemic, where the economy should be leveling out, all the numbers should be moving in the same direction, consistently.
The number of homes sold should be on the increase constantly until 2027/2028, as sales stabilize following the out-sized impact of the low pandemic-era interest rates. Those low interest rates caused a sizable percentage of future buyers to step up to the plate earlier than they would have normally. Those buyers will not be back in the market for another four to five years, at the earliest.
The median price of those homes should be increasing in line with the Federal Reserve target of 2%. The fact that they are increasing one month and dropping the next indicates a dysfunctional market. The degree to which prices and sales are bouncing around indicates an out-of-control economy.
Why is this a problem? The list price of your house is determined by recent sales. When the recent sales are all over the map, your broker is hard-pressed to get your asking price correct.
Typically, we try to provide some sort of a forecast for the coming months. Unfortunately, the fundamentals are not lining up in any direction right now. Maybe next month.
Beach: Sales Up, Prices Down
The number of February home sales in the Beach area jumped to 109, 70% above those of January. At the same time the median price dropped 7%, ending at $2,180,000.
Compared to last year, February sales were up 42%, with an annual increase in the median price of 23%.
Year to date, sales of homes rose 34% versus the first two months of 2024. Median prices for the same period increased by 27%.
Harbor: Sales Up, Prices Up
On a monthly basis, sales volume in the Harbor area jumped by 12%, ending with 273 homes sold in February. Median prices for the Harbor climbed 1%, reaching $760,000 for the month.
While year over year sales volume was up by 14% for February, the annual median price at the Harbor dropped 4%. This marks the first annual decline in median price at the Harbor since 2023. Economic volatility has created a lot of wide monthly swings, but the variances annually have been more restrained.
Compared to the first two months of 2024, the number of homes sold increased by 12%, despite negative sales volume in January. Median prices fell by 2% for the same period.
Hill: Sales Up, Prices Up
From January to February sales of home on the Palos Verdes Peninsula increased by 44%, from 32 to 46 units. That jump was accompanied by an 8% growth in the median price, matching the 8% increase of last month. The February median price came in at $2,047,000.
Comparing February sales this year to those of last year shows a 28% rise in the number of homes sold. Likewise, the median price climbed 16% from last February.
Looking at year to date for 2025 versus 2024, sales volume is flat at 78 homes sold for the two month period. In the same time frame, median prices have shot up by 11%, clearly an inflationary statistic.
Inland: Sales Up, Prices Flat
February home sales in the Inland area hit a total of 103 properties, registering an 18% increase in volume over the prior month. The median price for February came in at $900,000, exactly the same as January.
Looking back to last February shows a 10% increase in the number of homes sold, along with a 4% rise in the median price.
Combined home sales for January and February of 2025 surpassed sales of 2024 by 18%. The median price went up by 2% for the same period.
Beach=Manhattan Beach, Hermosa Beach, Redondo Beach, El Segundo Harbor=Carson, Long Beach, San Pedro, Wilmington, Harbor City PV Hill=Palos Verdes Estates, Rancho Palos Verdes, Rolling Hills, Rolling Hills Estates Inland=Torrance, Lomita, Gardena
