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Los Angeles South Bay Apartments and Rentals Rent Survey: South Bay Beach Cities Area July 2006

Posted on: Tuesday, 8 August 2006, 12:00 CDT

Since 1996, WestsideRentals.com has successfully connected hundreds of thousands of quality tenants with landlords and roommates. WestsideRentals.com is the definitive location for owners and managers of Los Angeles rentals to locate quality tenants searching for apartments in Los Angeles, condos in Los Angeles, houses for rent in Los Angeles, and guest houses for rent in Los Angeles. Initially started in Santa Monica, due to overwhelming demand from landlords in need of quality tenants to fill their vacancies, WestsideRentals.com has grown to cover most of Southern California. As a service to the rental community, we regularly publish rent surveys to assist in making the rental market more transparent and efficient for all of its participants.

For July 2006, the average listed rent price of all listed rentals in these areas was $1,988.18, representing a 1.5% increase over two months ago. This was a general price increase across all rental types, with about 36% of listings in the South Bay -- Beach Cities region being houses, duplexes, or triplexes, as opposed to apartments, condos, or townhouses. This ratio of houses to apartments was relatively unchanged over two months ago, when approximately 33% of listings in these areas were listed as houses, etc.

There was a shift toward more multi-bedroom houses and apartments listed for rent. Two months ago, approximately 62% of listings in the South Bay -- Beach Cities region had two or more bedrooms. For July 2006, that percentage has increased to approximately 68%.

The largest rent increases occurred in Rancho Palos Verdes, where the total increase was 37.6% and Torrance, where the total increase was 8.1%. Rent prices also increased in Redondo Beach (Up 7.5%), Hermosa Beach (Up 6.6%), Palos Verdes Estates (Up 3.3%), and San Pedro (Up 2.3%)

Rent prices decreased in Manhattan Beach by 8.8% and El Segundo by 4.8%.

This data is based on the listings at WestsideRentals.com, which are based entirely on the information provided by landlords who choose to list their vacancies on the service. WestsideRentals.com believes that the search for housing is a very personalized process. The best way for an individual to get educated on current market trends is to see the market in action. Register today to receive Free Listings in your email.

Additional information from this rent survey, including high-resolution charts and detailed reports for each area in this region can be found at http://www.westsiderentals.com/rentsurvey.cfm?survey=30_060804_A. All current and historical WestsideRentals.com rent surveys can be found at http://www.westsiderentals.com/rentsurvey/archive.cfm

Image Available: http://www.marketwire.com/mw/frame_mw?attachid=309372

 For Press Inquiries, Please Contact: Anthony (310) 576-1450  

SOURCE: WestsideRentals.com

Source: MARKET WIRE

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