Let's head south and check out the numbers: The California Association of Realtors reports that the median price of a home in South Bay dropped 13.4 percent in July--to $597,250--compared to a year ago, but the area still did better than Los Angeles County, where the median dropped 27.3 percent to $400,000. And if there was a jump in sales (33.6 percent), that spike can largely be attributed to foreclosures, according to local realtors. And here are median home prices in the more upscale parts of South Bay: Manhattan Beach: $1.8 million (median price rose in July); Rancho Palos Verdes: $1.01 million. [Daily Breeze]
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