South Bay Logs Its Biggest Closing Day in Three Weeks: 32 Sales, $42M
Saturday was a busy day for South Bay closers. On Sept. 26, the South Bay saw its biggest closing day in three weeks: 139 CRMLS market events, including 32 closed sales totaling $41,971,862 — the most since September 5 — according to George Fotion of Call Realty's daily market report. Thirty-one homes went into escrow against 29 new listings, an absorption coefficient of 1.069 that cleared Friday's supply-heavy reading in a single session.
The full Sunday-through-Saturday week looks even better: 185 escrows against 149 new listings (a 1.24 absorption reading) — the third straight week of improving demand-to-supply absorption across the South Bay. And the deals aren't falling apart: the escrow fragility index sat at 20.5% on a status basis, but only two of the eight back-on-market rows were genuine buyer fall-outs, for a pure-basis rate of 6.1% — the ninth straight reading under the 25% caution line, with zero escrows cancelled or withdrawn.
The dollar volume was heavily concentrated in income property: ten income properties closed for $20 million, led by a Manhattan Beach duplex at $4,355,000, a Lawndale commercial-residential property at $3,825,000, and Torrance apartments at $3,500,000. On the residential side, 804 N. Maria in Redondo Beach closed at $4,450,000, and on the Palos Verdes Peninsula, seven homes went into escrow against five new listings, led by 2896 Via Victoria at $3,495,000 and 1725 Chelsea in Palos Verdes Estates at $2,999,000.
There were also reminders that even premium sellers aren't immune: 108 Morningside in Manhattan Beach was cut 13% to $4,999,999, while 1732 N. Poinsettia went pending at $3,950,000. The pattern matches what the monthly data keeps saying — demand is real and improving, but it's flowing to well-priced homes while overpriced listings take cuts.
Source: George Fotion / Call Realty, Palos Verdes Homes & South Bay Real Estate daily activity, Sept. 26, 2026 — https://www.youtube.com/watch?v=a5fCnBezreA
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