


At times, up to 80% of local purchases are made by buyers who live in the immediate area. Buyers who a looking for more space, bigger bedrooms, a location closer to the beach or just trying to get into a better school district. There are buyers who have decided it is better to move up than remodel, buyers who now need a bigger home with a yard for the kids, or empty nesters who now can afford moving closer to the beach while downsizing the home. Due to the extremely high housing prices at the beach, the average South Bay home owner moves every 4-6 years.  Steady job growth and public school performance here in the South Bay continues to drive demand across all price points.

Generally speaking, the closer a property is to the water, there we will see the most stability in housing values.  Although the signs of an improving economy will be damped by an increase in interest rates, demographic shifts are bringing strong demand to the area and that consistency in the local markets. The affordability factor of Los Angeles County alone has seen mass migrations of average and first time home buyers moving out of LA towards the Inland Empire, Orange County, San Diego and Ventura. South Bay homes will continue to increase in value as jobs that support the affordability range in our area continue to flow into the expanding industries that surround the Beach Cities and Palos Verdes.
