Happy Labor Day Weekend!
Well it’s hard to argue whether there’s a better place to spend Labor Day than the beach…..especially during a heat wave. We hope you all enjoy the long weekend and the hot weather here at the beach in the South Bay!
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By Keith Kyle
Whether you’re a home buyer or selling your home in the Hollywood Riviera, keeping up with the real estate market trends and statistics can be a great way to make an educated decision. Below is a series of charts showing what the real estate market in the Hollywood Riviera is doing each month.
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We’ve seen many beachfront homes on The Strand sit for years on the market but we’ve rarely seen any home have a 2+ year escrow. We listed a home at 3808 The Strand back in September of 2019 and the home at 614 The Strand was one of our comps as it was already in escrow. Here we are almost 3 years later and it finally closed escrow. Unbelievable! The home was originally listed over three years ago.
Home Basics
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The Manhattan Beach Open has once again retured to the sands of Manhattan Beach this weekend and it’s a great way to spend the weekend. It’s hard to miss down by the Manhattan pier and downtown. Arguably the most prestigious volleyball tournament of the summer the tournament “open” format brings some of the top pros as well as some of the top local players (many of whom also happen to be the top pros) Just another great way to enjoy the beach.
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While nobody wants summer to end……time marches on. With mid August comes the first day of school for several of the local districts. We wish all of the kids and students a great school here and hope that the parents can now catch their breath. Redondo Beach schools start first and things ramp up quickly from there.
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The top home sale of the month in Hermosa Beach was the former home of the former L.A. Dodger AJ Pollock. The home was listed for $7.0M and closed for $6,3000. The home in the Hermosa Beach sand section offered a big house on a nice sized lot with all of the bells and whistles of new contruction 1947 Valley Park may be a great fit. Custom built for former LA Dodger A.J. Pollock this beautiful Cape Cod offers the rare combination of interior square footage and outdoor space. All located in one of the quietest neighborhoods in Hermosa. The home features 5 bedrooms, 5 bathrooms and over 4,500 square feet on 2 levels.
Home Basics