According to California Association of Realtors recent study, home prices have risen in California almost every year, over the past 42 years. In fact, home prices in California are rising again, after recent downturn. History shows that homeownerhip in California is a solid long-term investment. Locally, here in Redondo Beach and other Beach Cities, home prices are on the rise again. In fact, many sellers get multiple offers, since local South Bay real estate is in demand and the inventory of available homes is very low. Buyers often compete for a Redondo Beach house or condo, often resulting in rising home prices. Attractive lifestyle, close proximity to the beach as well as downtown Los Angeles, creates high demand for our real estate.