Wayne Craig - Estate Properties
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05/30/2026
Open House Sunday May 31, 2026 | 2 PM โ 4 PM
2413 Curtis Redondo Beach
Itโs the weekend, and what better way to spend it than by touring a stunning new construction townhome!
Join me Sunday from 2 PM to 4 PM at 2413 Curtis .
This beautiful brand new exceptional townhome has 4-bedrooms, 3.75 -bathrooms and seamlessly blends sophisticated style, advanced technology, and everyday comfort to create an unparalleled living experience.
See you soon!
Courtesy of the listing agent Devra Zandell.
๐ก Palos Verdes Peninsula Market Report โ November 2025
๐ Regional Takeaway
โข ๐ Pricing: Strength in Palos Verdes Estates and Rancho Palos Verdes offsets declines in Rolling Hills Estates.
โข ๐ Inventory: Mixed, with supply tightening in luxury tiers but expanding in mid-range markets.
โข โณ Market Pace: Days on market trending upward across the Peninsula.
โข ๐ต Sales Activity: Fewer closings overall, consistent with seasonal slowdown.
Despite softer momentum, the Palos Verdes Peninsula remains a top-performing coastal market, driven by limited land, high demand for ocean-view properties, and a strong base of owner-occupants.
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๐ City-by-City Breakdown
Palos Verdes Estates
โข Median Sales Price: $3,425,000 โฌ๏ธ 30.4%
โข Days on Market: 65.5 โฌ๏ธ 198%
โข Median Price per Sq. Ft.: $964 โฌ๏ธ 6.2%
โข Sales Ratio: 19.2% โฌ๏ธ 6%
โข Inventory: 52 โฌ๏ธ 17%
โก๏ธ Significant price rebound compared to earlier in the year, though homes are taking longer to sell; demand remains strong for move-in-ready properties.
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Rolling Hills
โข Median Sales Price: No sales recorded this month
โข Days on Market: โ
โข Median Price per Sq. Ft.: โ
โข Sales Ratio: 0% โฌ๏ธ 8%
โข Inventory: 12 โฌ๏ธ 8%
โก๏ธ With no November closings, activity is temporarily paused; expect new listings early 2026 as luxury sellers re-enter the market.
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Rancho Palos Verdes
โข Median Sales Price: $1,825,000 โฌ๏ธ 10.6%
โข Days on Market: 23 โฌ๏ธ 21%
โข Median Price per Sq. Ft.: $728 โฌ๏ธ 2.8%
โข Sales Ratio: 21% โฌ๏ธ 3%
โข Inventory: 176 โฌ๏ธ 2.8%
โก๏ธ Solid price growth and stable activity; still one of the most accessible and active submarkets on the Peninsula.
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Rolling Hills Estates
โข Median Sales Price: $1,550,000 โฌ๏ธ 15.4%
โข Days on Market: 28 โฌ๏ธ 33%
โข Median Price per Sq. Ft.: $674 โฌ๏ธ 16.9%
โข Sales Ratio: 12.5% โฌ๏ธ 17%
โข Inventory: 40 โฌ๏ธ 18%
โก๏ธ Noticeable month-over-month decline due to smaller home sales; rising inventory creating better conditions for buyers.
Legal Update:
New California laws relating to landlords, Realtors and condo owners have been passed in Sacramento that will go into effect shortly. Hereโs a summary of the most recent changes:
๐ AB 628 โ Landlord Appliance Requirement
Beginning January 1, 2026, landlords will be required to provide both a stove and a refrigerator (in working order) in all new rental agreements or in any extensions or renewals of existing rental agreements executed after that date.
๐ธ AB 723 โ Disclosure of Altered Listing Media
Agents will soon be required to disclose whenever digitally altered or enhanced media is used in marketing materials. This includes:
โข Digitally staged photos
โข AI-modified images
โข Edited or adjusted floor plans, renderings, or diagrams
๐ข HOA Balcony & Exterior Element Reports
Starting January 1, 2026, Homeowners Associations will be required to provide wooden balcony/exterior element inspection reports, details of any repairs, and related assessments to buyers during escrow.
๐ญ New Seller Disclosure โ Smoking History
Also, effective January 1, 2026, sellers will be required to disclose whether:
โข There is currently a smoker residing in the property, or
โข There has ever been a smoker living in the property.
๐ฆ๐ผ๐๐๐ต ๐๐ฎ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฆ๐ฒ๐ฝ๐๐ฒ๐บ๐ฏ๐ฒ๐ฟ ๐ฎ๐ฌ๐ฎ๐ฑ
๐ Regional Takeaway
โข ๐ Prices: Mostly steady with small declines inland, solid gains in coastal zones.
โข ๐ Inventory: Rising, offering buyers more leverage.
โข โณ Days on Market: Lengthening slightly, signaling a balanced shift.
โข ๐ต Sales: Slower pace, especially for luxury properties.
Overall, the South Bay market is transitioning from a hot sellerโs market to a balanced environment, with healthy long-term fundamentals supported by strong local demand and limited supply.
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Redondo Beach
โข Median Price: $1,560,000 โฌ๏ธ 12.2%
โข Days on Market: 30 days โฌ๏ธ 87%
โข Inventory: 211 units โฌ๏ธ 5%
โข Closed Sales: 43
โก๏ธ One of the strongest markets; prices continue to rise steadily.
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Hollywood Riviera
โข Median Price: $2,311,500 โฌ๏ธ 8.6%
โข Days on Market: 60.5 days โฌ๏ธ 764%
โข Inventory: 28 units โฌ๏ธ50.8%
โข Closed Sales: 19
โก๏ธ Lower inventory increased days on market prices slightly declining.
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Torrance
โข Median Price: $1,160,000 โฌ๏ธ 16%
โข Days on Market: 18 days โฌ๏ธ 50%
โข Inventory: 283 units โฌ๏ธ 24%
โข Closed Sales: 93
โก๏ธ Remains one of the most active and resilient South Bay markets.
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Hermosa Beach
โข Median Price: $2,311,500 โฌ๏ธ 8.5%
โข Days on Market: 60.5 days โฌ๏ธ 76%
โข Inventory: 28 units โฌ๏ธ 51%
โข Closed Sales: 6
โก๏ธ Luxury sales slowing; fewer high-end listings moving.
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Manhattan Beach
โข Median Price: $3,410,000 โฌ๏ธ 0.3%
โข Days on Market: 14 days โฌ๏ธ 69%
โข Inventory: 112 units โฌ๏ธ 16%
โข Closed Sales: 21
โก๏ธ Still commanding premium values despite slower turnover.
๐๐ณ ๐๐ผ๐ ๐๐ฎ๐ป๐ ๐๐ผ ๐น๐ฒ๐ฎ๐ฟ๐ป ๐บ๐ผ๐ฟ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ฒ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐, ๐ต๐ฎ๐๐ฒ ๐ฎ ๐ณr๐ถ๐ฒ๐ป๐ฑ ๐ผ๐ฟ ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐๐ฒ ๐น๐ผ๐ผ๐ธ๐ถ๐ป๐ด ๐๐ผ ๐บ๐ผ๐๐ฒ ๐๐ผ ๐๐ต๐ฒ ๐ฆ๐ผ๐๐๐ต ๐๐ฎ๐, ๐ผ๐ฟ ๐ท๐๐๐ ๐๐ผ๐ป๐ฑ๐ฒ๐ฟ๐ถ๐ป๐ด ๐๐ต๐ฎ๐ ๐๐ผ๐๐ฟ ๐ต๐ผ๐บ๐ฒ ๐บ๐ถ๐ด๐ต๐ ๐ฏ๐ฒ ๐๐ผ๐ฟ๐๐ต ๐ฝ๐น๐ฒ๐ฎ๐๐ฒ ๐ด๐ถ๐๐ฒ ๐บ๐ฒ ๐ฎ ๐ฐ๐ฎ๐น๐น.
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