Real estate and homes for sale in the South Bay

Homes in the Beach Cities and South Bay

Just a Bit Over List Price – Hill Section Home Sales for Almost $600,000 Over List Price

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The recent sale at 822 6th Street shows that when somethng is priced well, it’s most definitely not a slow market. This was a unique mid-century modern home in the hill section of Manhattan Beach with a great lot and nice ocean views and it was listed for $2,999,000 and sold for $3,575,000. The home itself was going to be a challenge for many buyers but that didn’t slow the process down. From our understanding there were at least 7 offers, many all cash, and it sold for almost $600,000 over the initial list price. Granted the value was closer to a $3.2-$3.3 list price, this was still a huge price. It’s our understanding that it was purchased by a neighbor which helps explain the “buy it at any cost” sales price.

View th current homes for sale in the Hill Section of Manhattan Beach

822 6th Street Manhattan Beach

Real Estate Market Update – South Bay Home Sales

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It’s a bit too early to determine just how much Covid 19 will impact the real estate market in the South Bay, so the information below will certainly change as March numbers start coming in.  As you can see from the chart below the number of new listings dropped dramatically at the end of 2019 with a rebound seeming to be taking hold in 2020.  These numbers will inevitably drop given the situation in the world and real estate.

The chart below shows the total number of homes “for sale” each month (light green) along with the number of sold homes (dark green) and the homes that entered escrow (red line)

The chart below shows the average days on market (orange bar) and the percentage of sale price compared with the original list price.  Notice that for the past 15 months homes have sold for very close to full price.

 

Big Jump in Pending South Bay Home Sales to Start 2020

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We’ve seen a big turn around for pending home sales (homes going into escrow) for the South Bay since the beginning of the year. December saw a low point with only 267 pending sales.  It’s gone up dramaticallywith 366 pending sales in January and 503 homes  in February.  Active homes for sale in the South Bay are following a similar trend although the increase in active listings isn’t quite as dramatic.

This information and the chart below includes the South Bay cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.

Active home sales, pending sales and closed home sales in the South Bay

14 Beachfront Homes and Properties For Sale on The Strand

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It seems hard to believe given the very small number of beachfront homes and properties that even exist on The Strand in Hermosa and Manhattan Beach, but it is what it is.  There are currently 14 homes for sale on this renowned stretch of beach in the South Bay.  Here’s a list of the current homes.  To see photos and details see below.

MLS
#		 TYPE   ADDRESS CITY PRICE* BED/BATH SQ FEET YEAR BUILT DATE LISTED**
SB20042748 CONDO/A 72 The Strand    #5 Hermosa $1,199,000 2/1,0,1,0 762/A 1971/ASR 2/27/2020
SB20021239 SFR/D 2330 The Strand    Hermosa $9,999,999 4/3,0,1,0 3329/A 2004/ASR 1/28/2020
NP20021820 SFR/D 3033 The Strand    Hermosa $14,800,000 6/5,0,2,1 4046/A 1932/ASR 1/24/2020
SB20000113 SFR/D 212 The Strand    Hermosa $9,999,999 5/1,4,1,0 4403/B 2019/BLD 1/1/2020
19532592 SFR 3001 The Strand Hermosa $16,900,000 6/5,0,1,0 5642/ 2007 11/29/2019
SB19253561 TPLX/A 528 The Strand    Hermosa $6,499,999 4/0,3,1,0 2300/A 1953/ASR 10/29/2019
SB19133035 SFR/D 2426 The Strand    Hermosa $13,995,000 5/1,2,2,0 3800/T 2018/SLR 6/6/2019
LG20053344 SFR/D 3004 The Strand    Manhattan $9,495,000 4/1,2,1,0 3348/A 1960/PUB 3/10/2020
SB20052930 SFR/D 3400 The Strand    Manhattan $15,900,000 5/4,1,1,0 5478/A 2005/APP 3/10/2020
SB20042356 CONDO/A 3616 The Strand    #C Manhattan $4,795,000 4/2,0,1,0 2548/A 1984/ASR 3/5/2020
20555448 SFR 3808 The Strand Manhattan $15,500,000 4/7,0,0,0 4772/ 2019/BLD 2/19/2020
SB20018147 DPLX/D 1804 The Strand    Manhattan $18,500,000 5/5,0,0,0 3994/A 2010/ASR 2/11/2020
19533526 SFR 2722 The Strand Manhattan $22,750,000 8/9,0,0,0 6025/A 1951 12/2/2019
SB19037828 SFR/D 1000 The Strand    Manhattan $25,900,000 9/8,0,0,0 5967/A 1922/ASR 2/26/2019

*Current Price ** date of latest time on the MLS.  Many of these homes have been on and off the MLS and date not reflective of true days on market.

Current Beach Front and Oceanfront Homes for Sale 

Sotheby’s International Real Estate Offers Unparalled Exposure – 2019 Stats

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The numbers are in and Sotheby’s International Realty continued to grow and offer their clients an unparalled level of exposure for their

homes.While Sotheby’s was already one of the most trusted and reputable brands in real estate, the company continues to increase what they have to offer.

Some of the very impressive 2019 stats include $114 billion dollars in overall sales, 1,000 offices in  70 contries, 34 million visits to sir.com (Sotheby’s International Realty website) which was 14% higher than 2018, and 41 of the top 250 agents in the country.

For our clients looking for a global reach and international exposure for their home Sotheby’s has offices in 70 coountries and 1 of every 3 offices is outside of the United States.

Contact top South Bay realtor Keith Kyle to see how he can put the power of Sotheby’s to use for you.

 

Market Update – New Listings on the Rise in the Golden Hills

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With 4 new listings hitting the market in the Golden Hills we’re now seeing a bit of normalcy to the inventory in this North Redondo Beach neighborhood.   As of 3/13 there are now 6 single family homes on the market with 4 of them being new listings.  Contact Redondo Beach realtor Keith Kyle for more information or to set up a visit to any of the current homes for sale.

Current Golden Hills Redondo Beach Home Listings

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