Los Angeles Beach Cities Resale Activity for October 2007

I've already posted the L.A. Times/DataQuick existing home statistics for the Southland for October. By these measures, median RESALE values for SFRs and condos in the beach cities continue with no clear trend - the price gain momentum of just a few short years back is absent, but neither is anything plunging, by median price standards. Sales volume is weak, and no conclusions can be drawn from so few sales in any particular zip code. If anything, the weakening sales volume continues to render these charts rather useless. What they may tell us is that thing are rather chaotic right now. But I continue to post the charts.

Here are the detailed RESALE statistics for the beach cities and some of the surrounding zip codes:

                          SFR   MEDIAN   %YOY    CONDO  MEDIAN   %YOY  
COMMUNITY         ZIP    SALES   SFR      CHG    SALES  CONDO    CHG
LA/Westchester    90045   20    $720     -3.5%     0     N/A      N/A  
El Segundo        90245    1    $780     -6.6%     5     $500   -11.0%
Hawthorne         90250   17    $528     -4.3%     1     $417    -3.0%  
Hermosa Beach     90254    7  $1,253    +44.8%     6   $1,165    82.0%  
Lawndale          90260    5    $521     +4.2%     4     $238   -25.6%  
Manhattan Beach   90266   14  $1,665    +16.4%     3     $970   -35.9%  
Palos Verdes Pen. 90274   19  $1,500    +24.8%     3     $303   -54.8%  
Rancho P.V.       90275   23  $1,016     +0.0%     6     $408   -18.3%   
Redondo Beach     90277   10  $1,200     -8.4%    19     $787   +10.1%   
Redondo Beach     90278   17    $806     +8.9%    14     $655    -9.0%