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Yesterday I wrote about what I call the super luxury home market, those homes pricing over $5 M. Today I decided to take a review the luxury homes priced between $2 M to $5 M in the South Gulf. Specifically, I am focusing on Manhattan Beach, Hermosa Beach, and Redondo Beach to do this. The trends in this niche of the market are different from the super luxury market in several interesting remedies. First, sales did not peak in 2006, but rather in 2009. Second, the inventory of unsold homes stands at about 14 months as opposed to the 19 months for your super luxury market. Finally, and this particular Summerville Real Estate is quite telling, sales so far this year are way off with the number of sales this past year.