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Bucking Nationwide Trend, South Bay Home Prices Rose in December

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Apparently, that South Bay builder who promised prices wouldn't fall might be right. In December, South Bay home prices were 14.3 percent higher than a year ago, with the median price for a single-family home hitting $741,500. While some regions South Bay are struggling, "higher-end communities such as the beach cities and the Palos Verdes Peninsula kept their home values better..." [Daily Breeze]