Agent Reporting - Hoffman Murphy Real Estate Team

If you bought in 2008, you've already won.

South Bay median home prices — then vs. now

Redondo Beach

2008 peak: $799K

Today

$1,599K

+100% ↑

Torrance

2008 peak: $605K

Today

$1,080K

+79% ↑

Hermosa Beach

2008 peak: $1.24M

Today

$2,350K

+90% ↑

Manhattan Beach

2008 peak: $1.73M

Today

$3,354K

+94% ↑

Redondo BeachTorranceHermosa BeachManhattan Beach

Even buyers who paid above asking price at the 2008 market peak have seen their investment double — or more. The cost of waiting has always been higher than the cost of overpaying.

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South Bay median home prices 2008–2026: all four cities have more than doubled since the 2008 market peak.