DQNews South Bay Resale Activity for March

According to DQ News, the March Monthly resale activity showed the following:

Zip     # SFR   Median   %Chg   # Condo  Median    %Chg 
        Sales   $SFR      YOY    Sales   $Condo     YOY
90045    33     795,000  12.0      6     443,000   19.6
90245     9     867,000   3.2      8     584,000   14.5      
90254    15   1,130,000  35.3     15   1,150,000  -19.5   
90260    16     500,000   8.8      8     328,000  -12.7       
90266    50   1,668,000  23.2      9   1,438,000   -4.1
90277    29   1,000,000   7.2     19     702,000   11.1     
90278    27     780,000  -1.2     21     670,000    1.7

Conventional wisdom says condos don't hold their value as well as SFRs, and if that is the case, condos would be the first casualties of a serious South Bay real estate bubble that may well implode later this year. Notice the condo $$$ decline in Hermosa (90254), Lawndale (90260) and even the mighty Manhattan Beach (90266). Early Gusts of a Storm Warning?